XRP to break today!

XRP to break today!

Ripple / Dollar BITFINEX:XRPUSD


Ripple has been forming its own wedge on the 4-hr time-frame. Proximity to the apex of the triangle suggests it could break at any time now. In line with the trend off the May high, a downside resolution is slightly favored. But, with these patterns we have to take a reactive stance as symmetrical triangles are, in of themselves, directionless in their indications. On the downside there is support around the bottom of the triangle near 62-cents and on the topside there is resistance clocking in around 75-cents.