Ripple seems to be respecting the channel it is in, even though it is having huge surges in price for these past few days.
Price looks like it will return to the bottom of the channel, which would put it back in sync with the 50 day moving average. At the moment it is very elevated above its key moving averages.
Potential buy point at $1.30 if price meets the moving average and the bottom of the channel in that area. It may take 1-2 days to come down to that area.
If you're looking to enter the spectacle that is Ripple, be patient and wait for it to come lower down in the channel.
Best of luck with your trades, and as always, do your own due diligence and take my ideas with that in mind.
Price looks like it will return to the bottom of the channel, which would put it back in sync with the 50 day moving average. At the moment it is very elevated above its key moving averages.
Potential buy point at $1.30 if price meets the moving average and the bottom of the channel in that area. It may take 1-2 days to come down to that area.
If you're looking to enter the spectacle that is Ripple, be patient and wait for it to come lower down in the channel.
Best of luck with your trades, and as always, do your own due diligence and take my ideas with that in mind.