Technical analysis Ripple. XRP-BTC on May 18, 2018

June 3, 2018

The upcoming technical updates, the events, and the positive news background may have a positive impact on this coin movement. We are between Fib 0.618 and Fib 0.786 now, which serves as an important support and resistance. If to look at different timeframes, you can make a conclusion that there are chances to fall for this market (and probably to test 6900 zone) before going up. However as this market has a good potential for an uptrend movement, the right decision will be to open long positions on the current level for a long-term perspective, but adding to the position in case of drops.

All the articles