The end of the year on cryptocurrencies is marked by bigger or smaller corrective movements, which means that we do not observe new records again. The exception, however, is the digital currency ripple, which today set new historic maximum located in the 1.23 USD price area.

Picture 1. Technical analysis, ripple, H1,28.12.2017

It seems that this is not the end of growth, but now it is worth waiting for a correction which would allow you to take a long position at a better price. The first good level is support located around 0.84. I estimate the maximum range for corrective movement at 0.70, where 100% geometry is established.

Picture 2. Technical analysis, ripple, M30,28.12.2017

An important signal that will suggest the possibility of rebound will be breakout of local support near 1.05.

Risk Warning: The contents of this analysis is for informational purposes only and does not constitute investment advice.

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