Ripple resides in an attractive position for the initiation of a Long trade.
* Ripple has approached the edge of the H4 contracting triangle pattern and currently the price of XRP is right on its ascending (support) trend-line. * Last week, XRP had made a daring endeavour to break-out, but struggled to gain momentum above $0.3150. After that, the price retreated noticeably to where it stands now = $0.2740. * There is the key bearish area between $0.30 and $0.32, that is well protected and securely held by the Bears. If the Bulls manage to step outside of that area, the new horizons will open up. * On the underside, the key Support area between $0.2150 and $0.25 is fully protected by the Bulls. * Overall, we think that going Long from the current levels could be a good call since a tight stop-loss can be set, and even if the price breaks down, it would clearly follow towards $0.25 level.
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