Ripple price tests the moving average – Analysis - 16-04-2018

Ripple price fluctuates around the EMA50 and keeps its stability above it, while stochastic enters the oversold areas now, to get positive factors that we are waiting to assist to head towards our waited target at 0.74.

Therefore, the bullish bias will remain suggested in the upcoming sessions unless breaking 0.63 followed by 0.55 levels and holding below them, noting that breaching 0.74 will push the price to achieve more positive targets that reach 0.83 followed by 0.91 on the near term basis.

Expected trading range for today is between 0.60 support and 0.74 resistance

Expected trend for today: Bullish