XRPUSD to retrace to 1.10 then hit the ground

Feb 2, 2018

XRPUSD was under strong selling pressure lately, mainly due to fundamental reasons (news). However, based on technical part, XRP is at a critical point of support where price reversed in the past and which also represents a Fibonacci strong level of activity. We believe that XRP may retrace to nearest area of resistance located at 1.10 and then fall down again to low levels of 0.30-0.40 during February.