28-02-2018 RIPPLE trending update.

Ripple (XRP)Most of the big cap cryptocurrencies are in the green overnight with some of the leaders in USD terms being SAN, QTM, REP, RLC and BCH.

One cryptocurrency that appears to be winding up in a narrow range and may breakout is XRP. Since last Thursday, XRP has seen its price trade in a very narrow range against the USD. In fact, each day its range has traded inside of 1 ATR. As the price breaks out of this range the price may likely retest the previous high at 1.2000 or fall back to the February low of about 0.6000. A close above Thursday's high of 0.9980 may be an indication of the price moving toward a near-term high of 1.2000.

The current daily ATR is 0.1218, and a potential stop could be placed that amount below the entry.