Following the breakdown of the $0.4242, we saw $0.32862. Following this, Ripple has recently on the 6H constantly been rejected by the 0.35 Line.
Currently, trading in the region of $0.3448, it is in Nouvive’s opinion we will see a retest of the lower 0.330 line as a result of a lack of volume to carry Ripple past the 0.35 Mark as well as the overall indication of the Crypto Market as a whole behaving in a bearish Manner.
Below $0.32, the next major support way below at $0.24001, a level last seen on December 12, 2017. A fall to this level will complete a 100 percent retracement of the entire bull market that started in mid-December of 2017.
The last time we saw XRP at these levels was in June 2017.
EOS is currently resting above the April Support level. According to the RSI Stoch it appears that there is enough Volume and Room for EOS to travel to the middle $6.30, before being rejected by the 90D Moving Average.
Short-term it appears that the EOS Dumping has finished for now and it looks to be wanting to travel up.
We anticipate strong buying in the zone of $3.8723 — $4.3396, but the traders should wait for the charts to confirm our expectations. Trades should not be taken based on assumptions but rather on the patterns that form on the charts.
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