LegionQ8

Ripple can bounce up to resistance level and try to break it

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BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price after correction from the resistance level, roll up and made impulse up higher of this level. Then Ripple started to decline in the downward channel, in which the price broke the resistance level and even declined lower of support level. Soon it rebounded up and exited from the channel, but at once the price fell again to the support line, which was located below the support level. After this, the price started to move up to the resistance level and after it reached it, Ripple bounced down to the support line, but at once price bounced back to the resistance level and a not long time ago fell to the support line again, where Ripple continues trades near to this day. I think the price can decline to support line and then bounce to the resistance level and try to break it. After breakout, Ripple can make retest and continue to move up. For this reason, I set my target at 0.5030 level. Please share this idea with your friends and click Boost 🚀
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