Ripple is Edging Lower
Ripple is mostly traded sideways within the range between 0.5000-0.5050 and 0.5470-0.5490 in October. Its prices formed a descending channel within this range, and they have touched the resistance of this channel for a third time. Thus, it would be interesting to consider short trades from 0.5200-0.5240 with a target at 0.5050, which is the low of September 29. The stop-loss could be set at 0.5335, the high of October 5.
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