This is a quick update on XRP.
As I said last time, the instrument broke through 0.55 support and returned to test 0.5 zone and even below 0.44. The downside scenario that I drew last time has been fully realized. At the moment we can see huge volume auctions on the cluster chart, usually it indicates the end of the movement. But I admit that the instrument can still go lower and test the support once again. Above resistance is 0.55 and the instrument will stay in this range for some time. It is possible to consider buying on the spot, with the prospect of the market recovery growth to the zone of 0.6$. With canceling the scenario below the local lows, where the price should not consolidate. It is worth remembering that the market is falling fast, but slowly growing.
Stay tuned.
