Let me first say, that I am a value investor first and foremost, and use technical analysis as a guide for entry or exit points only if these align with fundamentals. However, with the recent price action in the crypto market, I couldn't help but put in my 2c. The current action in XRPUSD reminds me exactly of many of the penny stock plays that I have watched over the years. First a period of accumulation, followed by a parabolic rise, and inevitably a slow unwind. Amateur "investors" become emotional, and hold far too long in hope of a bounce in price back to previous highs. I could be very wrong, but I can see XRP testing the support of around 87c in the near future.