The market reacted with the panic sell of XRP amid negative news about the SEC investigation into Ripple. The price momentarily reached $0.211 as a result of the execution of buyers' stop orders.
At the moment, the market pressure on the asset is decreasing. We should not count on a v-shaped reversal. It takes a lot of time for consolidation, only after which growth is possible.
The nearest levels of correction by Fibonacci are 0.382 ($ 0.3534) and 0.50 ($ 0.3979). In case if the negative flow has only a speculative character, the nearest strong resistance will be the level of $0.44 where the sellers' area of interest is.
Watch out for the market and don't forget to place SL's.
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