Currently Ripple is in a price range between 2886 support and 3253 resistance.
The price reached on the 30th of september a higher level, but wasn´t able to hold this price level and bounced back.
A long upper wick touched the boundary line, but the price was rejected and the bears pushed the price more downward.
Now we can see a balance between the forces within the range.
I prefer to wait until the price reaches support or resistance of the range and then there will be a possibility to go into a profitable trade.
Risk management FIRST !!!
The price reached on the 30th of september a higher level, but wasn´t able to hold this price level and bounced back.
A long upper wick touched the boundary line, but the price was rejected and the bears pushed the price more downward.
Now we can see a balance between the forces within the range.
I prefer to wait until the price reaches support or resistance of the range and then there will be a possibility to go into a profitable trade.
Risk management FIRST !!!