FX.co ★ Ripple to exit its range soon?

Ripple is moving somehow sideways in the short term. It's trading at 0.7294 level at the time of writing. In the short term, it has slipped lower after BTC/USD dropped. If the price of Bitcoin drops deeper, XRP/USD could approach and reach new lows.

In the last 24 hours, Ripple is down by 4.73% and by 2.38% in the last 7 days. Now, the altcoin reached a support level, so we'll have to wait for a clear direction. Most likely, XRP/USD will resume its sideways movement in the short term.

XRP/USD Seems Undecided!

XRP/USD is trapped between 0.7042 and 0.7970 levels. Only escaping from this pattern could bring great opportunities. Now, it challenges the ascending pitchfork's lower median line (LML) which stands as a dynamic support.

In the short term, it's trapped also between the lower median line (LML) and the upper median line (uml). Personally, I'll wait for the crypto to offer a clear direction before taking action.

XRP/USD Prediction!

A new lower low, a valid breakdown below the 0.7042 could activate a larger drop and could bring short opportunities.

On the other hand, an upside breakout from the current range, above the 0.7970 could activate a strong growth.