Hey! Hope everyone is doing well today, we're just gonna take a quick look at the chart, thanks for tuning in!
Let's go
XRP basically got smacked down to 0.78 before it was met with strong buying pressure and has brought us up to 0.8369 as of currently. I've already noted the pattern that XRP seems to be trading within on the short term so if you'd like look at that for an idea of how price action is going. If we get pushed and break below that line expect another drop however if we manage to keep above the trend line and can essentially 'hold' our ground above 0.80's at least for today then that'll help establish a positive shift for movement back to the upside once again.
Also note the level I marked on the Fib chart, that is another level to look at today. If XRP builds support above that fib level or within it at least then that's great to be honest. But again we could see another dump if we break below that current short term trend line, so watch out for that.
Hope that makes sense and sorry there isn't as much detail here but this is short term again, read my linked idea for a more detailed idea of things on the long term chart, especially if you want a better understanding of the overall big picture! Thank you again and please follow and leave a like or share if you enjoyed this! And have an amazing day of course!
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