Ripple can break resistance level, make retest and continue grow

9 de fev.

Hello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price a not long time ago started to trades in an upward channel, where it first declined to the support line and then continued to move up in the channel. XRP reached a resistance level, which coincided with the seller zone and soon broke it, after which the price made little correction and later rose to the resistance line of the upward channel. Next, the price turned around and made a strong downward impulse to support line of the triangle, thereby exiting from the channel and breaking two levels - 0.5265 and 0.5010. But soon, Ripple turned around again and in a short time rose back to the resistance line, breaking the 0.5010 support level, which coincided with the buyer zone. Then it made a correction to this level and some time traded near, after which the price rebounded and made impulse up to the resistance level, thereby exiting from the triangle. Now Ripple trades near the 0.5265 level and I think that price can correct a little and then rise to the resistance level, and try to break it. After breaks, Ripple will make retest and continue to move up. For this case, I set two targets, the first target at the 0.5265 resistance level, and the second - at the 0.5365 level. Please share this idea with your friends and click Boost 🚀