Rebuy ripple upon a rebound from 0.4532-0.4134 | 02 April 2018

Wave Analysis:

Since January this year, Ripple entered into a possible perfect triangular formation and is still pretty much within this shape. We expect the zone 0.4532-0.4134 to act as a sole support to any movements to the lowerside, and the upper trendline to act as a resistance to any movements to the upperside, thus, any clear rebound from 0.4532-0.4134 may call for an upward rally towards the upper trendline. If this support is broken, then the price is likely to continue lower and may break 0.4134 towards 0.2451.

Trade Recommendations:

Rebuy ripple upon a rebound from 0.4532-0.4134 towards the upper trendline