KRAKEN:XRPUSD   Ripple / U.S. Dollar
After a sharp fall, Ripple bounced back from the low of $0.564. We believe that it will enter in a range-bound trading. The support of the range is $0.61, whereas, the resistance will be at $0.87. Just above the $0.87 level, there will be the downtrend and the moving averages. Breaking out the downtrend will be the first sign of recovery.
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