Ripple loses momentum – Analysis - 14-03-2018

Ripple price settles below 0.82 level, which keeps the negative pressure valid until now, supported by stochastic move inside the overbought areas now, waiting to resume the bearish trend that targets 0.72 followed by 0.56 levels mainly.

Holding below 0.82 represents initial condition to continue the expected decline, as breaching it will push the price to test areas that reach 0.98 before any new attempt to decline.

Expected trading range for today is between 0.56 support and 0.89 resistance

Expected trend for today: Bearish