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Ripple : $XRP technical analysis for 31-1-2018



Ripple Has fallen sharply after reaching all time high at 3.5$ , The pair tumbled to 85 cents 17 January and has been recovering since with high at 1.70$ (which is close to 38% fibonnaci retracement level. The pair has made some local support levels at 1.05$ , followed by 1.14$.

Resistance areas currently lies at 1.14$ followed by Broken bullish trend-line and then 1.84$ .
Target area in case of breaking the high of correction move would be 2.30$ area. it is preferred to stay long unless we close below 1.05$.

If 1.05$ broken , then 91 cents will be next level of support.

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