Where’s Ripple Going this Week?
Ripple – You will retest the lower ranges of last week
Ripple on Friday had a false breakout, during the same period of times that Bitcoin tried to take the $6600 line.
The inability to take that 0.37 line and stay there saw a fall back to 0.32 before Nouvive saw a Double top at 0.35 and a fall out of the trend line.
All of this means one thing, Ripple will re-see that 0.317 line to test the strength of the support.
However, all of this relies heavily on where Bitcoin is going. As the Chart illustrates if BTC goes to $6150, we will see $0.28.
If however, Bitcoin goes to $5,800, we will see $0.25
Moreover, the sentiment of Ripple is incredibly poor as a result of their failure in their Litigation cases.