Buy Ripple upon a rebound from 0.6815 | 09 March 2018

Wave Analysis:

Ripple is slowly approaching our daily support set at 0.6815. Today and may be in the next few days, we expect ripple to drop but should rebound from 0.6815 which is a good buyers territory. For conservatory reasons, if you're not short already, you could wait for a clear rebound from 0.615 to long this virtual currency. Alternatively, you could wait for a clear breakout below it, to pick a short positions. The anticipated bearish price action should however not go below 0.2425, which is also a good buy place. By the end of this year, we expect a rise above last year's highest high, 3.2898, therefore, we'll be interested in buy positions.

Trade Recommendations:

Buy Ripple upon a rebound from 0.6815 towards 3.2898.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.