Wait for a break below 0.4134 | 10 April 2018

Wave Analysis:

Ripple is still rallying within the previously stated Triangular formation. In the very recent past, the price established a support around a key zone 0.4532 and is still pretty much around it. Unless there's a clear break below 0.4134, we choose to remain on the sidelines, our expectations is that the price will continue upwards towards the upper trend line where we'll be looking for a low risk sell position. Should the price break below 0.4134, then we expect a possible momentum to the lower side.

Trade Recommendation

Wait for a break below 0.4134 to pick a short position towards 0.2314

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.