Technical Analysis Ripple (XRP) 01/05/2018

Ripple (XRP) has taken horizontal support at 0.00014000 BTC (shown in black line). Right now it is trading at 0.00148270 BTC which is also its 50 EMA support. Wait for a confirmation candle on 4 Hr chart to taken a position. Once we see a green candle on 4 Hr chart we could see it again rising towards 0.00018000 BTC which is first resistance area. If it crosses that we might see it taking its previous highs.

Disclaimer :

This post is my personal opinion and is provided for informational purposes only. Don't consider buying or selling any crypto currency without conducting your own due diligence.