Hi, Ripple seems to be reaching resistance. The recent rally is fueled by new money and Coinbase listing hype. There is diminishing volume despite the increasing prices. I think we may have a deep retracement soon. I've labeled possible price paths. I think there is a lot of new money FOMO buying, when this happens they often panic sell.
I don't actually mean to short the coin. Just to be careful.
Best, Alex
Komen
⋅
Here is the xrpbtc chart coming to the .786
Komen
⋅
Price continued higher than 1.618 but has found resistance. Volume seems to be lessening and we have a pretty unstable price at these levels. Should be a retracement now.
Komen
⋅
Seems this is all the pullback we will get. I was expecting more.