Tradewonk
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Ripple Brings up the Rear

BITSTAMP:XRPUSD   Ripple / Dollar
The markets will have been impressed with Ripple's jump back last week, but Ripple's attempt to rally at the start of today has been met, with Ripple down 6.32% to $ 1,25218 at the time of writing.

With Ripple sitting dangerously close to its intraday make $ 1.22874 and well below an intraday high $ 1.37272, it looks a bit testy for Ripple with the steep decline last week makes investors more sensitive to the possibilities of a major fall today with Ripple has hit a low amount of $ 1.12688 late on Monday.

Ripple will have to move back to $ 1.30 levels to avoid another seller at under $ 1.20 levels, with the negative feeling on the market that is able to leave Ripple in a slide down to under- $ 1.10 levels.

Until the negative mood lowers and the crypto curves are able to cling to intraday heights without investors who skip the ship out of the market for chatting, some meaningful collections appear to be out of the cards for now.
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