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Sherem
Aug 27, 2018 3:53 PM

Ripple bounce off the weekly TL, look for the 45-50 cent area Long

XRP / U.S. dollarBitstamp

Description

You can see where Ripple has bounced and been supported by this big weekly trendline here at 25 cents. Now at 33 cents, it seems like we will get a continuation move to the 45-50 cent range. I imagine we will get a pullback from there back to the 35 cent area.

If we break the trendline, whether on the initial run or a pullback before we break it, that could send XRP much higher. Something to look out for.

Happy Trading,

-Sherem
Comments
InvestingScope
We believe the upside is limited to 0.42412. And that's if it can break 0.3530 next:

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