Cryptocurrency

Ripple price retreats again – Analysis - 01-02-2019

2019-02-01 05:13:36 GMT (Economies.com)

Ripple price bounced bearishly again to start pressing on the key support 0.29, which hints the price head to resume the main bearish trend, which its next main target located at 0.24.

 

The EMA50 and stochastic form negative factors that support the chances of continuing the decline in the upcoming sessions, which encourages us to continue suggesting the bearish bias for today, noting that breaching 0.33 will stop the expected decline and push the price to recover again.

 

Expected trading range for today is between 0.24 support and 0.33 resistance

Expected trend for today: Bearish

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