Ripple price confirms the break – Analysis - 12-10-2018

Ripple price confirmed breaking 0.42 level after closing the daily candlestick below it, falling under the negative effect of the double top pattern that appears on the chart, which supports the continuation of the bearish trend scenario on the intraday and short term basis, noting that our next target is located at 0.24.

We should note that breaching 0.43 followed by 0.52 levels will stop the current negative pressure and push the price to rise.

Expected trading range for today is between 0.30 support and 0.45 resistance

Expected trend for today: Bearish