Ripple Technical Analysis for 3/4/2015 - Bullish Precedent?
Ripple is trying hard to pare the hefty losses incurred in March when the cryptocurrency declined roughly 50% from 0.00005BTC to a low of 0.00002555BTC before closing the month at 0.00003150BTC. But April has been positive for Ripple until now, with the value gaining up to 0.00003423BTC. But will the upmove sustain or are there major hurdles ahead? Let's analyze the 12-hour XRP/BTC price chart to figure out key technical levels and the best trading strategy. Chart Structure - As can be seen, Ripple had been making successive lower tops lending bears the strength to push the prices down....
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