Today I was watching "The Battle of the Quarter" - Ripple XRP trying to break above the Quarter Dollar resistance level. Based on how the charts look like, it seems it failed. So, following up on a previous idea, it should bounce back towards the 0.5 Fib. level around the $0.2 mark. However, as I mentioned before, even though I think that we can be short for some little profits, I strongly advise BIG CAUTION due to a very likely price explosion of XRP, once Ripple makes the official announcement about locking down $55 bn coins.
Comment:
As a possible scenario, based on the 4h chart, we can see a support level somewhere around $0.21:
Trade closed: stop reached:
It seems I was wrong and that divergence was a fake signal (or maybe I didn`t read it right). Well ... since long term XRP is a hold ... glad the price is going up :)
