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19.07.201806:13 Forex Analysis & Reviews: Technical analysis of Ripple for July 19, 2018

Long-term review

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On the 4-hour chart, we can see the ripple is trading sideways. The price is moving from bottom to top and from top to bottom with a middle price at 0.4680. At present, after touching its resistance level, the Ripple will try to breach the mid-price of 0.4680 with a confirmation from the stochastic oscillator which is already back from the overbought level. It seems this cryptocurrency is set to break out and test its next target at the support area of 0.4257 to 0.4196.

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