Midday Update for the Ripple 31-01-2018

The price of the Ripple touched our first target at 1.00 and shows some slight bullishness now, noting that stochastic is showing great saturation now, while SMA 50 is a continuous negative pressure against the price.

From here, the downside scenario will remain intact for the rest of the day unless 1.50 is breached and stability above it, with a break of 1.00 will extend the Ripple to 0.67.

The trading range for today is expected among the support at 0.90 and resistance at 1.30

The general trend for today is bearish

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------------------------------------------- DISCLAIMER ------------------------------------------
This is not an Investment advice, your are responsible on your own trades. We just provide a technical analysis for current market situation and it's a prediction for the currency price. WE MIGHT BE WRONG.

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