Flat | 15 March 2018

Wave Analysis:

Ripple is gradually getting below the daily support seen at 0.6815. This is a possible bearish dominance signal, however, instead of looking for short position immediately, we're waiting for a confirmation to pick a short position, Another break below 0.5665 will be the best confirmation that the price will continue downwards. This is from the bearish point of view, if the price should get back above 0.6815, then a bullish price rally is highly expected. The anticipated bullish price movements is the unfolding of an impulsive wave (3) to the upper side and should break above 1.2898.

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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.