Pivot Point : 1.0900
The expected scenario: entering into selling transactions below the levels of 1.0900, targeting the levels of 0.9450.
Alternative scenario: entering into buying deals at the highest levels of 1.0900, targeting the levels of 1.2240.
Commentary: Ripple witnessed a change in the general bullish trend, to start forming a series of declines, after breaking the bullish price channel, in addition to the price breaking the moving averages (50-100), which supports the negative outlook for Ripple's trading. On the short term, and by looking at the liquidity flow indicator, we find that it is in a negative deviation, which supports the bearish expectations in the short term.
