Ripple develops its bearish correction as well. The currency pair reached my targets in the beginning of this week, but reversed later and moved lower. I’m far from thinking that this is the end for the bullish trend, however, I have an idea, that the price is likely to move a bit lower before taking off.
As far as you can see, I have set lower targets as compared to my previous review. It does not mean that I have changed my opinion, but I think we have to reach those targets first before going higher. I see no signals currently and I think it is time to pay more attention to the level.
My main trading idea is the following: I think Ripple is going to reach the support area at $0.4495 before going higher. I recommend, by the way, to pay attention to the situation when the price reaches this level. Any reversal price action signal like hammer or engulfing (or even doji) will be good signs for bulls.
Check the full crypto analysis HERE>>>.
As far as you can see, I have set lower targets as compared to my previous review. It does not mean that I have changed my opinion, but I think we have to reach those targets first before going higher. I see no signals currently and I think it is time to pay more attention to the level.
My main trading idea is the following: I think Ripple is going to reach the support area at $0.4495 before going higher. I recommend, by the way, to pay attention to the situation when the price reaches this level. Any reversal price action signal like hammer or engulfing (or even doji) will be good signs for bulls.
Check the full crypto analysis HERE>>>.
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