Because we may still see a sell-off with Bitcoin to test the 17k previous support, we may see XRP sell into a possible $0.17 target. Of course, this is previous strong support for XRP and If Bitcoin does finally test a 13K to 112K bottom XRP may very well test a serious low as well. I have a fractal for XRP to give us an example for price action. I also have ascending and descending channels that may have a break out to upside or downside depending if Bitcoin tests the 28k or possible 30k range. We have a little box at top of the 210 MA and the 200 EMA to show this may be a target XRP will try to touch while breaking this descending trendline as well. Nothing is guaranteed but if markets are still bearish this could play out.
Please take into account that the $0.55 target may not get hit and instead a lower price target before we see major sell pressure and lower price action.
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