XRP expected not to cause a ripple.

May 8, 2018

We can see some sort of dooms day chart to support at XRP's favourite support zone - 0.50$! Price has steadily declined from a high of 0.9$ and currently price is at 0.81$. However, the bears are not just done yet. We can see by looking at our MACD indicator price has been rejected rapidly from the RED line, which has acted as resistance for quite sometime now. I see RSI falling to as low as 38 level, which XRP has often found support in. This zone is in conjunction with support provided by the BLUE line, which was a previous resistance. Moreover, on MACD we can see that there is a bearish crossover at a pivotal zone which, if we look closer on the 4 hour, has acted as resistance on the MACD chart.

All in all expect price to be back at atleast 0.6$ very soon.

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