Luettis
Long

Ripple on the way to the upper limit

BITFINEX:XRPUSD   XRP / U.S. Dollar
Ripple has tested the lower limit of the negative trend channel. On that support it rebounded and is since then climbing.
With the better sentiment of the market it should now rise upt to the upper limit of the trend channel.
On the way up it has to cross a descending trend line (resistance). This will take some time possibly.

RSI confirms the new trend - it has crossed already the negative trend in the last days.

The aim for Ripple in short term is 0.69$ - a benefit of 42% approx - on the base of 0,48$.

Once Ripple will have broken out of the trend channel much higher prices are following. But this will be another analysis.

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