Ripple Daily Dose 3/27/19 | Bullish reversal not quite yet
Ripple has not yet broken out of the macro triangle yet so technically it wouldn’t be smart to long here. At the same time, it is going through a small retracement right now, but when it does pump, we might meet more resistance at $.31700. I’ve highlighted in my chart 2 supple zones to indicate where a possible retracement of this move up would happen. This is in line with a long-term EMA and upper part trend line in this triangle. Also, there is a 38.2% Fib line at $.31800 so there’s even more resistance there. We still have some ways to go before we have reversed the down trend so I would not market order in right now, long or short
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