XRP rejected by pivot zone barely holding dma50; what next?
XRP / U.S. dollar BITSTAMP:XRPUSD
XRP update from recent post showing 0.70 & 0.60 as possible support points after triangle breakdown
Although XRP rallied quickly from 0.70, it was stopped by my 0.79 to 0.82 pivot zone & was not able to hold the dma50 green line. If 0.75, the 2 anchored VWAPS will not hold, we may be seeing a retest of 0.70 (Fibo 0.618) where the rally started or worse even back down to 0.60 support (Fibo 0.786 to 0.854 zone) which I previously warned.
However if XRP overcomes dma50, then the next TPs are 0.85 & probably 0.915 range top.
XRP Bigger Trading range is 0.60 to 0.915
XRP Smaller TR is 0.70 to 0.85.
Not trading advice
