Crypto Screener Forums Ripple (XRP) Forecast – Technical Analysis Ripple (XRP) Technical Analysis – December 2017 Reply To: Ripple (XRP) Technical Analysis – December 2017

#1072
margincall
margincall
Keymaster

Taking a look at the Ripple market against the Dollar we can see that we are still trading in our triangle that is forming a massive bull flag on the longer term as we can see with the 1day candles.

xrpusd forecast 12 December 2017
The bottom trendline is becoming more and more valid every time it acts as support. This also means that a break below the up trend line will most likely bring a lot of volatility to the market.

On the other hand look towards the down trend line to signal the breakout trade. Here is a chart with 1hr candles.

xrpusd forecast dec 2017
Short term support is between 23c and 24c.

Longer term support is still at 20c – 21c in my opinion. Safe trades.

Please remember to do your own research before trading crypto, analysis posted for educational purposes.

Look for the breakout trade above 27c.