XRP Downtrend

Ripple has given up the $1 handle. It has broken through the central moving average of the KRI at $0.96, and a nested Fibonacci level at $0.95. What was once support at $1, $1.06, and $1.03 will now provide further resistance. If we're unable to regain strength, we must turn to nested Fibonacci levels at $0.95, $0.90, $0.85, and $0.79 for further support. If we can conquer the levels from above mentioned at the beginning of this paragraph, there is a relative vacuum zone to $1.22. The Kovach Momentum Indicators remain quite strong, though the Kovach Chande does appear to be turning bearish.

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