Ripple Bounce Spotted
Nouvive has release an Immediate buy at the levels stated below on Ripple.
The technical analysis is as follows:
During the middle of August, we witnessed XRP/Ripple bounce from the lows of $0.25471 all the way to $0.36.
This area marked in Red is a historical bounce zone on the lower time frames.
XRP’s Market sentiment is still close to an all-time high.
A bounce with Bitcoin also bouncing at the same time will lead to a 16.71% increase over 1 Week. Especially as in the $0.29 area, there appears to be far more buys – this area could be used as a Propeller to get XRP back to the usual range of just trading above $0.31.
The gradually decreasing volume illustrates a large move is about to occur. This coupled with far more buys than sells in the area – illustrates a strong support area.
Nouvive recommends a long from $0.25471, with a stop loss at $0.25100 and a take profit at $0.29-0.32. Always increase stops in profit.
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