RIPPLE (XRP/USD) Possible Scenarios!

Since September 22. the Ripple' price has consolidation between the $0.45-$0.6. Remember, in the last week we discovered "Cypher" harmonic pattern and now it has completed. Currently, it got a bounce exactly from the 'complete area' at $0.475.

This bounce was also the key to the higher levels because we are again above the short-term counter trendline which is a good sign if the market stays stable. To get a full confirmation then we have to break the round number $0.5 which works as a resistance also in this area is an old support level which now becomes a resistance. Then the road to the higher prices is almost free. The only stop could be on the May low level at $0.544. This scenario could be very powerful if Bitcoin' makes a breakout upwards from the major down-trendline (read our Bitcoin' analysis from the website, the link is on the profile)then the target is even higher and we can easily reach into the June low level at $0.7.

To give a bearish confirmation area then it would be a candle close below the previous low at $0.47. Then the price is again below the short-term counter trendline and the bears take a control over from the bulls. First support is the grey area which was support on September 25. and if this breaks then currently the major support is the round number at $0.4. If the price reaches one of the mentioned price levels then we try to keep You updated in the 'update' section!

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