\* Ripple has broken down the ascending triangle and promptly headed South.

\* The bears could potentially force the price down to the supporting (green) trend line , around 50% Fib correction level.

\* However, the space downward is a bit restricted and you should watch carefully for the reaction around 50% correction – it could be very quick.

\* The trade is purely scalp & speculative, so a tight Stop-loss should be used.

**Scalping trade signal**

Sell @ $0.2990 – $0.30.
Target: $0.2945 – $0.2955.
Stop-loss: $0.3010.


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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