Ripple Analysis - 5/01/2018

in forextips •  7 years ago 

Hello guys,

I decided to write a post for Ripple, the most popular coin these days.

Now the price is 3.21$.
Ripple1.jpg

On four-hour time frame, we can see that the strong uptrend lose your strength.
You can say that the CoinBase CEO's statement that they will not add new coins, it has affected the fall in RIpple's price.

Ripple.jpg

From my point of view, we might expect to pull back to support level (about 2$) in the picture below. But after that, I think that the price will rise again to above 4$. What else can I say... after few days or weeks the result will be clear.

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