XRP: ⬇️ Sell
– XRP reversed from resistance zone
– Likely to fall to support level 1.070
XRP cryptocurrency recently reversed down from the resistance zone between the pivotal resistance level 1.2700 (former strong support from February and April) and the 50% Fibonacci correction of the downward impulse from March.
The downward reversal from this resistance zone continues the active minor impulse wave 3 which belongs to the extended impulse wave (3) from January.
Given the clear daily downtrend, XRP currency pair can be expected to fall to the next support level 1.070 (low of the previous impulse wave i).