Ripple a good or bad bet for now.A nice bet in crypto can be the Ripple coin. As it has not formed a new LOWER LOW.
The coin on seems to hold the support level of 0.585 on weekly basis.
The coin has been in a bearish trend and signs of trend reversal are there.
Ripple had made an equal and if it break the previous high convincingly a bullish momentum is possible.
On weekly analysis, coin is trading around its 20 ema.
Ripple can be a positional trade.
The coin has consolidated in a range on a high time frame, its break out will confirm the trend reversal.
Moreover, it will be trading above its moving averages.
A nice momentum trade can also be initiated for intraday and swing trade.
