Buy Ripple around 0.6815 | 05 March 2018

Ripple has been trading sideways despite the previous forecast that it could follow a bearish path towards the daily support 0.6815. The level 0.6815 is still buyers territory, therefore, unless it is violated with a strong candle, we'll be waiting for a rebound from it to pick long position with a first target at 2.1370. The anticipated bullish price rally will be the continuation of the impulsive wave (3) to the upperside and should break above the first target 2.1370 towards 3.2898 or even higher. This view will only be rendered futile in case the price break below 0.6815, this being the case, we expect a possible bearish price rally towards 0.2320 or lower.

Buy Ripple around 0.6815 towards 3.2898