In this video I analyze the Ripple XRP chart and how the huge XRP news and Ripple news that came out yesterday was released at just the right time to play into retail investors emotions. The price had dropped exactly to the .702 Fibonacci retracement level of a retracement of the bullish impulse from December thru February. News was delivered regarding the case dismissal and with price already suppressed, retail traders were delivered not so optimistic news, when they were already living in concern over the XRP price.
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
