Ripple has been trading weak and now it is at level 0.244606 cents.  I like to brief every script on its very first update and today I pick Ripple so lets find out first what Ripple actually is according to Wikipedia site:

 Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol,[3] it is built upon a <>distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples). Released in 2012, Ripple purports to enable "secure, instant and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.[4][5] At its core, Ripple is based around a shared, public database or ledger,[6] which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.[7]In 2014, Ripple defended the security of its consensus algorithm against rival Stellar Network.[8][9] Currently, Ripple is the third-largest cryptocurrency by market capitalization,[10][11] after bitcoin and Ethereum.[12][13][14][15]Used by companies such as UniCredit, UBS and Santander, the Ripple protocol has been increasingly adopted by banks and payment networks as settlement infrastructure technology,[16] with American Banker explaining that "from banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security. For futher information log on to https://en.wikipedia.org/wiki/Ripple_(payment_protocol)

Back to Technical Analysis...

Now let me have your attention on Chart Below of Ripple, which is of day range........

In Chart above i want you to notice following points:-

1. Symmetrical Triangle Pattern: The Highlighted Area in chart above is Symmetrical chart pattern. This pattern is form when after creating high, script begin correcting and in process makes lower highs and higher low, hence wedge like shape form and In Ripple case it has broken this pattern on downside six days back and since then trading below it.
2. Red Horizontal Line : This line signify supporting level to Ripple price which is lying currently at 0.244758 cents. Normally scripts just correct significantly when they breakdown from triangle pattern, but Ripple due to this support only has sustained itself for so many days.
3. 10 Days EMA: This moving average is a yellow wavy line on chart above and Ripple has been trading below this moving average for five days and this prior supporting moving average is now a Resistance to Ripple's upmoves.

Now the conclusion 

One can argue that Ripple can be bought here at 0.24478 because this level ripple finds unable to breach but their is still doubt in my mind because continuous testing of this support has putting pressure and this gonna result in break of this strong support. In fact right now Ripple is trading at 0.244078 cents which is below this support . If ripple close below this support today then their is strong case of downmove in it and i am  recommending to go short in this script right way but place stop loss above supporting line.

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