Ripple (XRP) flash crash confirms support area
Yesterday XRP flash crashed from $0.87 to $0.49. According to cryptovest. com this was a single trader that placed a large order which caused this crash. This just goes to show how much a single person or group can manipulate the market. The one thing that this crash did show us however is that straight away XRP was pushed right back up to almost $0.80 before closing. I will be shorting XRP for now and re entering in the buy zone. This area is where XRP bottomed and also where the flash crash stopped. There is also a overhead resistance that has been tested twice now and failed.
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