Ripple Fibonacci lows
As the attention of traders is focused on the Bitcoin, other coins suffer from falling volumes and corrections.
Ripple had a strong uptrend leap recently, confirming the end of the global recession.
For now, XMRBTC pair went into correction and almost reached 61.8% Fibonacci level.
If we consider that when bitcoin will either cross the 10000.0 resistance or will bounce downwards from it, the traders will forward their money into perspective altcoins, then Ripple looks good for buying now.
Another scenario is to wait while the price will draw a bottom pattern and breaks above resistance. Closest resistance levels on the way up will be the Angle resistance and 0.0001125 level.
Ripple had a strong uptrend leap recently, confirming the end of the global recession.
For now, XMRBTC pair went into correction and almost reached 61.8% Fibonacci level.
If we consider that when bitcoin will either cross the 10000.0 resistance or will bounce downwards from it, the traders will forward their money into perspective altcoins, then Ripple looks good for buying now.
Another scenario is to wait while the price will draw a bottom pattern and breaks above resistance. Closest resistance levels on the way up will be the Angle resistance and 0.0001125 level.
Feragatname
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