XRP price experieces both new high and sharply drop today. But since all cryptos are going down today, I don't think the XRP holders are dumping their coins. Honestly, adjustments are good for XRP in the long run.
The price broke $0.8280 hours ago, which is the stronger support for both 61.8% Fib retracement level and head shoulders pattern. The next support would be $0.4400.
Base on Elliott Wave pattern, XRP just finised its first wave. It's now stepping on the second wave. By looking at the 4hr chart, MACD and RSI do need some time to adjust for the next wave.
https://www.tradingview.com/x/aZSMmjFB/
Wave three will be the largest and most powerful wave in a trend. Right now I don't know where it would take us but $1.20 is just a starter for sure. So XPRers let's sit tight and HODL!