Current Uptrend that has been established after breaking the downtrend upperline has gain bullish force as evident by 50EMA crossing both 100EMA and 200EMA. After breaking 8550 resistance XRP couldn't hold above it and RSI touched uptrend upperline so it has declined since.
There are 2 scenarios at play now:
1) if XRP reaches to 8017 support again (which is 0.618 fib level) and breaking it downward with high volume the possibility of reaching 77xx and 7627 and will increase.
2) if XRP touched 8017 again with low volume going up is eminent.
I think a retest to lower supports will happen and going up is more likely.
There are 2 scenarios at play now:
1) if XRP reaches to 8017 support again (which is 0.618 fib level) and breaking it downward with high volume the possibility of reaching 77xx and 7627 and will increase.
2) if XRP touched 8017 again with low volume going up is eminent.
I think a retest to lower supports will happen and going up is more likely.
