Once Ripple broke below $0.2 levels, the fall gained momentum. The cryptocurrency seems to be in a hurry to sink to the $0.15 levels.
Now, the is likely to fall to $0.166, where we expect some buying to emerge. However, the slide is likely to continue, and Ripple is likely to fall to $0.15 levels. While in our previous analysis we had recommended a buy at the $0.145 levels, we now believe that it is better to wait for a day or two and then take a position. Therefore, we are withdrawing our buy call on Ripple.
We prefer to wait and watch the price action at the support levels before buying it. We shall not buy until the cryptocurrency stops falling and indicates that it is ready to move higher.
Huge volume for this coin on Poloniex lately. If it keeps falling, many people will panic sell at a pretty big loss :O
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