xrpusd - based on that market structure, price made a high then a retracement which for me is normal..
Now we reached the level of support based on fibonnaci channel, this support seems to be really important because price at the past reacted many times at this level...
Price retracements are normally for the trend continuation, I expect price will create support and the ride the trend to the next target all time high or above that...
Also keep in mind, the fundamentals are being more solid(bullish) and normal for XRP after the SEC lawsuit which brought many fear and panic to holders..//
The judge granted the holders to intervene in case also the Judge obligated the SEC to provide all docs (required by Ripple) about BTC and ETH in which SEC need to prove why BTC and ETH are different than XRP.
Time will do it's job..
NOTE: this is educational chart only, is not investment advice!..
Now we reached the level of support based on fibonnaci channel, this support seems to be really important because price at the past reacted many times at this level...
Price retracements are normally for the trend continuation, I expect price will create support and the ride the trend to the next target all time high or above that...
Also keep in mind, the fundamentals are being more solid(bullish) and normal for XRP after the SEC lawsuit which brought many fear and panic to holders..//
The judge granted the holders to intervene in case also the Judge obligated the SEC to provide all docs (required by Ripple) about BTC and ETH in which SEC need to prove why BTC and ETH are different than XRP.
Time will do it's job..
NOTE: this is educational chart only, is not investment advice!..