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XRP continues the downtrend and heads to $ 0.187


XRP continues in an area where there is little chance of seeing a bullish rebound. While we have support at $ 0.1997 this does not seem to be a good place for buyers to attack with large numbers of orders. We see a downward movement much more likely until the weekly S1 near $ 0.1877.

To see a recovery in XRP we must expect a consolidation above the pivot point above the $ 0.22 and 78% fibonacci level that have now become significant resistance in the price. At the moment this seems a very difficult level to overcome due to the low volume that we have on the attempts of setbacks.

Recall that XRP comes from a strong correction that has already become a downtrend for several days. The price has dropped considerably by approximately 40% from $ 0.345 to current levels at $ 0.20

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