After receiving reversal signs from the market, Ripple showed good growth, and, what’s equally important, attracted trading volumes. The current price chart does not allow us to construct a reliable channel- there are not enough points to build its lower boundary. Perhaps, these points will appear in the case of a mini-correction led by Bitcoin.
Despite the formation of a beautiful flag, we do not expect the figure to be realized at 100 percent of its potential, but a 50 percent performance is entirely possible. In that case, the mirror level of $0.76 becomes the growth target.
On the way, the bulls will have to take back the previous summit- $0.72, which should not be too difficult. The correction scenario is represented by a fallback to $0.59, where Ripple can be caught into portfolios for the medium term.
Check the full crypto analysis HERE
Despite the formation of a beautiful flag, we do not expect the figure to be realized at 100 percent of its potential, but a 50 percent performance is entirely possible. In that case, the mirror level of $0.76 becomes the growth target.
On the way, the bulls will have to take back the previous summit- $0.72, which should not be too difficult. The correction scenario is represented by a fallback to $0.59, where Ripple can be caught into portfolios for the medium term.
Check the full crypto analysis HERE
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