Zoomed out on $XRP daily this morning and honestly its kind of wild.
Whole September rally is basically gone. 1.34 last week, 1.03 yesterday, that was a 40 day low.
And look where it landed. Same 1.00 to 1.05 zone it chopped in for most of July and August, right before that big August candle sent it up.
So for me this is the area that has to hold. Daily close under 1.03 and round 1.00 is next, lose that and the old base is broken.
Upside not much to say until it gets back over 1.10. Above 1.16 the daily trend stops looking this ugly.
Whole September rally is basically gone. 1.34 last week, 1.03 yesterday, that was a 40 day low.
And look where it landed. Same 1.00 to 1.05 zone it chopped in for most of July and August, right before that big August candle sent it up.
So for me this is the area that has to hold. Daily close under 1.03 and round 1.00 is next, lose that and the old base is broken.
Upside not much to say until it gets back over 1.10. Above 1.16 the daily trend stops looking this ugly.
