Ripple is a distributed financial technology allowing banks to efficiently settle transactions in real time. XRPUSD is the native currency of the Ripple network traded against the US Dollar.
Down from 04/24/2018 peak $0.96, Ripple did 7 swings double three structure to the downside which ended from the 61.8%-76.4 fib ext area $0.44- $0.38 then started bouncing higher.
As long as bounces fail below $0.52 peak, then XRP will be looking for more downside toward $0.19 – $0.11 area before a larger bounce take place.
XRPUSD 8H Chart 8.13.2018
