Ripple, Technical Analysis, Oct/21/2017, Short Term Bearish

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Bitstamp has the longest trading history for XRPUSD so I mostly analyze this pair with this exchange.

The price was heavily rejected above 0.28000 in the recent breakout, and we see a huge wave of profit taking / stop loss in the past few days.

At 0.20600-0.21000 we should see some consolidation and hopefully there is good support.

If this price zone failed to stop the downward momentum, we may see 0.16000-0.17000 level in a short time. In an extreme case, 0.13000 level is possible.

Ripple, Technical Analysis, Oct/21/2017, Short Term Bearish | Ecency