Few days ago, Ripple attempted a rise towards 0.5165, but ended up not breaking above it. The price is currently rallying below this line and above the two SMAs, I’m waiting for either a break above 0.5165 to pick a long position, or a break below the two SMAs to pick a short position with an ultimate target at 0.42160. If you’re not already in any position, you could wait for these breakouts. The best place to sell ripple is below $0.4260, but have your take profit at 0.23412.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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