Ripple has been trading in a tight range for the past four days. It is currently facing resistance at the 20-day EMA. If it breaks out of this, we expect it to gain momentum.
Therefore, we had recommended a long position on the XRP/USD pair in our previous analysis.
We reiterate our buy call because with most of the cryptocurrencies moving up, we believe that a rally to $1.50 and thereafter to $1.74 is possible. However, we recommend buying only after the digital currency sustains above $1.08 levels for four hours.
Our bullish view will be invalidated if the digital currency breaks down of $0.86.
this is from the cointelegraph!