FX.co ★ Ripple at a crossroads

The three-day drop in the coin allowed it to compensate for the last increase. Currently, the forces of market sellers and buyers are balanced. It's enough to stay above the level of 0.4975 in the next two days in order to continue the growth. If this happens, then the purchases will once again come to the fore. This zone will break-even for the opening of long positions since in the event of its breakdown and fall the coin will still return to these levels.

The upward movement remains impulsive, so any pattern on the timeframes from m30 to H4 to buy will be profitable and will allow you to keep a long position until the February high is updated.

The closing of today's trading below the level of 0.4975 will indicate the end of the bullish momentum and the coin will enter the phase of a medium-term flat. In this case, sales will come to the fore in the second half of February.