Midday update for Ripple 18-01-2018

Ripple price provides clear positive trading now to retest 1.54 level again, where the price leans on 1.30 level well, by looking deeper in the chart, we will find that the price is completing forming an inverted head and shoulders pattern, and its confirmation level is located at 1.54, which means that breaching this level will return the price to its main bullish track.

Therefore, we prefer staying aside temporarily until getting clearer confirmation signal for the next trend, waiting for breaching 1.54 or breaking 1.30 support to detect the next targets clearly, pointing that breaching the mentioned resistance will push the price towards 1.68 then 1.99 initially, while breaking the support will push the price to visit 0.67 levels mainly.

Expected trading range for today is between 0.80 support and 1.80 resistance

Expected trend for today: Depends on the above mentioned levels