Taking a quick look at the Ripple markets before we head into the new work week.
There has been strong support for the market above $0.85 and it seems like the bulls are setting up camp in the $0.80 zone.
On the flip side we have the bears selling their xrp from $1 down to $0.90.
The ichimoku cloud confirms that the prices are coiling tighter, as well as a good indication that the bears are still in control.
Some of the higher risk traders are accumulating Ripple below $1, while other’s like myself is on the sideline for the time being.
I would like to see a break above the current resistance before entering any trades.