Ripple Breaks its Range

Although volatility in Ripple has dramatically subsided since January, it is on a clear downtrend. Like other coins, it has broken down from its range, and is currently finding support from $0.74. What appeared to be a bull wedge has been invalidated as we’ve broken the trend line at $0.76. The Kovach Momentum Indicators are still very bearish . The only consolation is that they appear to have peaked and must eventually turn up soon. The ranging period has made Elliott Wave analysis difficult, but we appear to be awaiting the next leg of the impulse phase. We are getting very comfortable in the $0.70 handle, currently finding support from $0.74. The next level is $0.70. From above, we have $0.79, then a fairly dense collection of levels concentrated in the $0.80’s at $0.82, $0.83 and $0.85.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

For daily commentary on cryptocurrencies, subscribe to our newsletter!
Check out my indicators!
so. whats the comment now? all supports given have not played.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out