#XRP
On a large scale, for a long-term perspective, Ripple has very good levels to form a reversal. Corrective rollback on a global scale exceeded the price reduction by more than 80% and thus overcame the level of Fib 0.786. On a 12-hour scale, we can single out a long-term resistance line of a downtrend, which the asset is trying to overcome. On a smaller scale, one can see the formation of a symmetrical triangle on an uptrend, which can push the price even higher (short-term period, small scales!), But we can face false breakdowns and subsequent downward movement, as we overcome the long-term resistance of the downward trend of large scales difficult task. Possible scenarios of the market movement for the next few days are indicated on the graph of 1-hour.
On a large scale, for a long-term perspective, Ripple has very good levels to form a reversal. Corrective rollback on a global scale exceeded the price reduction by more than 80% and thus overcame the level of Fib 0.786. On a 12-hour scale, we can single out a long-term resistance line of a downtrend, which the asset is trying to overcome. On a smaller scale, one can see the formation of a symmetrical triangle on an uptrend, which can push the price even higher (short-term period, small scales!), But we can face false breakdowns and subsequent downward movement, as we overcome the long-term resistance of the downward trend of large scales difficult task. Possible scenarios of the market movement for the next few days are indicated on the graph of 1-hour.
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