quantguy

Ripple Ranging

Long
Ripple has consolidated to extremes at $0.90. Like the other cryptos, it seems to be gearing up for a breakout. If so, levels in the low $1 handle like $1, $1.03, and $1.06 will provide resistance. Additionally, $0.95 will be the first level to break beforehand. From below, $0.90, $0.85 and $0.79 will offer support. Although it seems a long way off, $1.22 will follow after we cross a vacuum zone past levels from above. The Kovach Momentum Indicators have flat-lined which demonstrates ambivalence.

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