There ar a red lines as a support price, the green lines is a resistance lines. Basically, we get a approx. mean price in U$ 2.5+-0.4, like a "psychology consolidated mean price" for Ripple (light gray rectangle). I suggest a consolidation behavior with blue arrow. The important observation is: how many buyers was holder? This will say if we get a breakout to up or down. I think this coin is really different from coins used only for transactions like Bitcoin, Litecoin and others, and different in relation with Ethereum, that have a lot of other uses, not only for payments, the Ripple coin is a great idea for reduces de cost os transactions with digital and fiat coins around the world. The growth of use and value is really promising.
Commentaire:
There is a breakout in the pitchfork, it's important to see what exactly at what price the 4h-candle will close. If below, I think that is a strong signal to a retraction to U$ 1.6-+0.2 with a good chance to test the one-dollar support. I really believe it will not go down by $ 1, I recommend creating fragmented buy orders between $ 1.5 and $ 1.1.