Technically speaking, #Ripple is an extremely interesting coin currently. The coin has continuously pushed lower in the recent days/weeks which prompted a big fall from 0.000900 to 0.000680. Currently, the coin is sitting at the major horizontal support and a potential break will mean the new 7-month low for the #Ripple. In case this happens, a new level to look at is definitely is a 0.000560-0.000580 zone that represents a triple confluence of 78.6% Fibonacci retracement, 127.2% Fibonacci extension and a horizontal support.
Another potential scenario is the coin pokes below the current horizontal support and then races higher creating a false breakdown. In this case, the bulls will have short-term control and look for the higher prices i.e. 0.0007700. If one is looking to buy the coin then wait to see where the coin closes tonight. A long trade can be initiated either on a false breakdown move or if the price action takes the coin all the way to the next key support zone. Real-time money will look to buy the coin since triple confluence will offer extremely strong support to the #Ripple. However, be aware that chance may not materialize as that could create a major blow not just for the Ripple but also other currencies.
Another potential scenario is the coin pokes below the current horizontal support and then races higher creating a false breakdown. In this case, the bulls will have short-term control and look for the higher prices i.e. 0.0007700. If one is looking to buy the coin then wait to see where the coin closes tonight. A long trade can be initiated either on a false breakdown move or if the price action takes the coin all the way to the next key support zone. Real-time money will look to buy the coin since triple confluence will offer extremely strong support to the #Ripple. However, be aware that chance may not materialize as that could create a major blow not just for the Ripple but also other currencies.