BITSTAMP:XRPUSD XRP / U.S. Dollar
Ripple, having tested the March accumulation area of 0.94-0.96 USD (point 1 on the screen), tested three times from below 0.84 USD and went on an increased under 0.80 USD. Further, the buyers' resistance was clearly expressed in the zone of 0.76-0.77 USD. They defended against the attack on bids using several big orders for 100,000 ripples per minute (point 2 on the screen). We will safely join whoever will win the battle (point 3 on the screen). In our opinion, bears are more likely to win if they will push 0.76-0.77 USD with the first target of 0.70-0.71 USD. Falling is expected, ladies and gentlemen.