* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.
XRP is still trading inside a tight range -bound with no clear direction where is going to head. The resistance of the range is
$1 and a support of $0.86. Also, 20-day EMA is at $1 now which makes this level much stronger. Once the bulls manage to clear this level, we expect a move to 50-day SMA ( now at $1.15). We believe that Ripple will turn strong bullish if it breaks out 50-day SMA.
However, $0.86 level proved to hold the price in the last few days, but if the bears succeed to break below this level Ripple may go to $0.65.
Therefore, in the current situation, we can't find any buy setups.
Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
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