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Ripple continues sideways grind

52 views · Published 1 March 2018 · 1:27 · Indexed 17 October 2026

Channel: NEWSBTC · 2018 · People & Blogs

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Ripple markets did very little during trading on Thursday, rising 3%. We continue to hover around the $.90 level, which extends to the $1.00 level. I also see a bit of resistance extending to the $1.20 level, so at this point it looks as if short-term consolidation continues. I believe that the market will continue to go back and forth in this range, and short-term trading is about as good as this can get. If we can break above the $1.20 level, the market should continue to go much higher. Ultimately, I think that we could break down towards the $1.50 level, but it’s going to take some time. The market seems to have significant support just below, so if we were to break down below the $0.90 level, the market could drift as low as $0.60. I think that the market continues to try to build a base, so longer-term traders may be trying to build up a larger core position as well.

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