As we indicated last week, we now need to look seriously to lower levels as the little support that was around 50 cents has not been able to hold on. XRP could find support on the following levels. First, XRP will find the 0.618 Fibonacci level at 0.377 and also has confluence with the level we had subscribed. But if we look a bit further we can see the golden pocket of the Fibonacci aligning beautifully with the levels drawn at 0.30 - 0.33.

The ema's 55 and 100 have not yet been bullishly crossed. However, we do see them both rise and move closer together. This may be an omen that a crossover is approaching. This could happen somewhere between the Fibonacci levels 0.618 and 0.705 as we can judge at the moment.

Daily e smoke doesn't look very promising. The course keeps thundering down and is currently on a 4h order block where we see confluence with the ema55. If we can keep this as support we should look into it right away, but chances are not.

The ema100 and 200 lines out beautifully with the Fibonacci levels 0.618 and 0.705 and is also supported by the trend line in blue. Together with an rsi and lbr that is very much in favor of the bears, there is a good chance that XRP is not finished descending yet.

We are now switched to the 2h graph as we can see just a bit more there than on the 4h at the moment. The orderblock is currently being tested again but has also been a structure break. And when we put the Fibonacci next to it, the golden pocket is just above the order block and we have a target for a short between 0.37 and the trend line.

The ema's have all been turned to a (temporary) bear trend. On the rsi and lbr we also clearly see a trend line that resists both below the midline. This trend line is one to keep an eye on.

Conclusion:
I think we will most likely look up the 0.37 or the 4h will have to pump so badly that the order block will be broken and tested. I'm just afraid that when we get to the 0.37 we won't have to expect much and, as I'm looking at it now, we're going to look up the daily golden pocket layer in the 30 cents and maybe even a wick underneath it.

Also, If you are interested in trading, I would suggest you try out Coingrats free Discord server where we discuss the market and share interesting content. We have also have a free premium section where we share trading signals for Bybit. More info in our Discord server