Summary:
Ripple is trading below the full swing 78% fib which is very bearish sign. Price has been falling since it has reached all time highs of $3.29.
Current price is at long term support zone which was tested before and bulls need to hold this level to reverse the trend and reach higher levels.
Price needs to break the wedge soon and make higher highs to reverse the trend. Overall trend has been bearish in the crypto market as Bitcoin is not showing an signs of strength. Ripple has been following the same trends as all other altcoins.
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Disclaimer:
I am not a financial advisor, nor the information posted in this article is a financial advice. The information in this article is my personal opinion and is not recommended to make any investment transactions based on it. I do not take any responsibility for the investments made based on my analysis.
