I have read what Magic* has written about XRP. he states that Hodlers beware that if we break $0.15 than $0.03 is on the cards.
One thing I do agree with is a possible $0.15 xrp, but that would be it. The reason is that throughout the history of XRPUSD chart from 2014, XRP has never dropped more than 30% below the Bband (weekly) and infact every time XRP wicks below the weekly Bband we make a run higher.
XRP has this week wicked down and when you look to the XRPBTC (which is more important) you can see that XRP is gaining on BTC and as we speak forming a V shaped bottomed on the daily with the Stochastic RSI coming out of the oversold area. This is a strong indicator that there is strength up until Christmas
Worst case scenario IMO would be a bounce from here and drop 30% down from Low BBand
One thing I do agree with is a possible $0.15 xrp, but that would be it. The reason is that throughout the history of XRPUSD chart from 2014, XRP has never dropped more than 30% below the Bband (weekly) and infact every time XRP wicks below the weekly Bband we make a run higher.
XRP has this week wicked down and when you look to the XRPBTC (which is more important) you can see that XRP is gaining on BTC and as we speak forming a V shaped bottomed on the daily with the Stochastic RSI coming out of the oversold area. This is a strong indicator that there is strength up until Christmas
Worst case scenario IMO would be a bounce from here and drop 30% down from Low BBand