JFD_Research

Ripple - 240 - Could it continue?

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
Trade Alert

Yesterday, the cryptos managed bounce and hit resistance near the 0.3545 level. Now this becomes an important area for us to monitor, as a break of it would clear the way towards the 0.4000 zone, which acted as both, good support and resistance in the end of November.

For now, we are positive over the near-term outlook and we will continue aiming a bit higher.

In order to shift our views towards the downside, we would need to see a drop below the 0.2865, marked by the recent lows.

Don't forget your SL.


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