On the 1H chart, Xrp looks like it is developing a Head and Shoulders pattern. With the CCI looking Bearish but still hovering around the 100 mark and not dropped dramatically to 200 as of yet, a big swing down could be coming. However, if good news from CNBC's 'Fast Money' has good things to say about Ripple and Xrp, it could consolidate sideways about $0.90 and maybe rise in the near future.
However, the Head and Shoulders and pattern, if confirms below the neckline, could fall to $0.77 which happens to be the next support line from the 8th February. This is also the distance between the middle of the neckline to the head of the pattern. Confirmation is key.
It needs to have a close eye on it because the media could influence this either way.
This is my opinion. I am not a financial adviser. This is for analysis and educational purposes only. What you do do with this information is up to you.
However, the Head and Shoulders and pattern, if confirms below the neckline, could fall to $0.77 which happens to be the next support line from the 8th February. This is also the distance between the middle of the neckline to the head of the pattern. Confirmation is key.
It needs to have a close eye on it because the media could influence this either way.
This is my opinion. I am not a financial adviser. This is for analysis and educational purposes only. What you do do with this information is up to you.
Just an update on what I see.