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Ripple in a Daily Range Waiting for an Actionable Long

Our conviction is for cryptocurrencies to consolidate before extending their move higher as proposed for Bitcoin, Ethereum and Ripple in this blog post

Although Ripple may have bottomed out and resumed its long term uptrend it is presently well contained within an horizontal trading range. Under such conditions and considering the corrective risk we would be buyer of XRPUSD either on weakness at the bottom of the trading range around $0.36 or in case of a decisive breakout above the top of the range at $0.48.

Bitcoin Daily Price Chart – BTCUSD
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