Ripple’s analysis for today is carried out on a 4hr timeframe from August 14, 2018 to current date.
Price action closing above ~$0.34 saw Ripple’s price confirm and double bottom which led to a price high of ~$0.79 on September 21, 2018.
The meandering action in Ripple ever since is captured in this analysis using a downward sloping channel (ideally bullish) with $0.54 and $0.32 marking the upper and lower boundary of the channel respectively.
Besides, the dotted green line on the chart indicates the 4 hour timeframe bullish trendline in Ripple. Any bearish momentum is anticipated to find support at the trendline, with a break below at ~$0.33 implying lower prices in Ripple.
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