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The daily chart of Ripple is as flat as a desert right now but there looks to be some action on the hourly one.
David Jones focuses our attention there and identifies the major levels where reactions could be expected with more volatility. There was a spike above the crucial $1.00 level last week but it was short lived and we’re back around $0.899 at the time of recording.
The support at $0.873 held firm on Wednesday morning and bulls will try to fight for a higher high which will reverse the losses from the last two days. Indicators haven’t been conclusive but it does seem like only short term trades will provide enough movement for traders.
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