Here's our buy zone off structure and a major trendline that has had history of being respected.
We we can see, the selling momentum did push price down past the trend line and even the well known respected fibonacci .618 level but this was IMMEDIATELY pushed back up by the buyers in the market.
The rumors of Ripple being added to coinbase being falsified caused this massive drop but buyers are still well aware of Ripple's backing by several countries such as Japan and major financial companies such as American Express.
Ripple from a fundamental standpoint is still a very powerful cryptocurrency.
By combining technicals and fundamentals we can enter at key areas in the market such as this level.