I think ripple is coming up on a decision point here. Looking for a break upwards once toward 3 when we finally get past 2.8 resistance. If it fails we could fall back down to the 2.6's until we hit support.
A price tumble here may lead to a bigger selloff though. Many people are seeing a similar pattern to the previous run up and are hoping/expecting the same thing to happen again. If the market decides that the trend is not going to repeat I think many people will abandon ship. This, coupled with the reduced volume, lead to a very risky area. I would not be buying at these levels, I would wait for a breakout into the green first. I would also not be selling at these levels, as we don't really know what the market is going to do yet.
Best of luck all.
A price tumble here may lead to a bigger selloff though. Many people are seeing a similar pattern to the previous run up and are hoping/expecting the same thing to happen again. If the market decides that the trend is not going to repeat I think many people will abandon ship. This, coupled with the reduced volume, lead to a very risky area. I would not be buying at these levels, I would wait for a breakout into the green first. I would also not be selling at these levels, as we don't really know what the market is going to do yet.
Best of luck all.