Ripple has broken out of the triangle consolidation towards the upside as expected. We still need a break above resistance at 0.6000 to confirm the triangle completion and the continuation higher to key-resistance at 0.7644 and a break above here will open up the upside for a continuation towards resistance at 1.5000.
Support is now seen at 0.5336 which should be able to protect the downside.
Trading recommendation:
Buy Ripple here and place you stop at 0.5330.
The material has been provided by InstaForex Company - www.instaforex.com