Ripple - XRP USD - Possible Inverse Head and Shoulders

Oct 17, 2017

Possible inverse head and shoulders formed on the 4hr chart There is also what appears to be a double top which might have put us in a potential throwback scenario so watch for a bounce off or break of the support line. In the case of a bounce expect a retest of 0.28 - 0.30 - If the support breaks it could fall down to wide channel of around 0.17- 0.23

Oct 18, 2017

Note

Broke through the support without much trouble. RSI showing some oversold conditions and has found a small level of support at around 0.22

Oct 23, 2017

Note

Daily chart:

Currently at a key support level. Also approaching 78.6 fib line which might also provide some buying support. If it doesn't hold here I can see XRP falling bellow 17c