Technical analysis Ripple. XRP-BTC on September 24, 2018

October 4, 2018


The price forms the classical correction pattern. As a rule, the retracement can go down to  -75% from the gained growth. In this case, we can see the fall down to 5870 level (which corresponds to Fib 0.786). At the same time, we can see the strong support on 7100 level (Fib 0.618), that crosses the uptrend that forms the zone of the possible bounce of the market in case of its rapid fall. We need to overcome and consolidate above the local resistance on 8843 (Fib 0.382) in order to move up further (there is a slight possibility of it, but still possible).

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