#XRP
After impulsive growth, the price forms a classic template for building correction. As a rule, the rollback can reach -75% of the wave of the growth, in this case we can drop to the level of 5870 (which corresponds to Fib 0.786). At the same time, we see a strong support for the level 7100 (Fib 0.618), which intersects with an uptrend, which forms an area for a possible rebound of the market, in case of its rapid decline. For further growth, we need to overcome and lock above the local resistance 8843 (Fib 0.382) (which is unlikely, but it has to be).
After impulsive growth, the price forms a classic template for building correction. As a rule, the rollback can reach -75% of the wave of the growth, in this case we can drop to the level of 5870 (which corresponds to Fib 0.786). At the same time, we see a strong support for the level 7100 (Fib 0.618), which intersects with an uptrend, which forms an area for a possible rebound of the market, in case of its rapid decline. For further growth, we need to overcome and lock above the local resistance 8843 (Fib 0.382) (which is unlikely, but it has to be).
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#XRP
Continues to follow the correction scenario. At the moment, it is testing the area of the uptrend line. At this stage, strong price fluctuations are likely and if support for the 7100 does not keep market pressure, then Ripple will go to test 6600
Continues to follow the correction scenario. At the moment, it is testing the area of the uptrend line. At this stage, strong price fluctuations are likely and if support for the 7100 does not keep market pressure, then Ripple will go to test 6600