Community post

XRP Possible Double Top Scenario

Ripple (XRP) recently dropped by more than 50%.

The reason might be because of that Coinmarketcap removed South Korean exchanges from its listings and so Ripple droped by 20B $ of it's market cap, but it's nothing to worry about, after all it's just a correction from all that hype it gained the last weeks.
Price dropped and did find a support zone which would be the price zone of 1.61-1.75 $ , price is also respecting trendlines and fibonacci retracement levels.
2018-01-10 (2).png

Price started to react to that support level drawn in the chart and it's starting to rise.
A possible scenario might be a Double Top, where the price would hit again it's high levels which would be the price of 3.35$ and start dropping to that same support level.

2018-01-10 (1).png

This was just my personal opinion on the Ripple (XRP)price chart.
I hope I did explain some things and that my idea was clear.

XRP Possible Double Top Scenario

Ripple (XRP) recently dropped by more than 50%.

Thanks for reading my article, please Upvote and Resteem to support my idea.

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