WalterMoon

RIPPLE - Price can make correction and then bounce up to $0.5350

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊

Recently, price bounced from resistance area to $0.5100 points, thereby breaking $0.5200 resistance level.

But then it bounced back and even rose to $0.5450 points, where price started to decline and fell to resistance level.

Then price broke this level, entered flat, and fell to $0.4865 support level, which coincides with support area.

After flat, Ripple declined lower of $0.4865 level, where later it started to grow inside rising channel.

In channel price backed up higher than support level and at the moment, it continues to trade in channel near support line.

I think Ripple can fall to support line and then bounce up to $0.5350 resistance line of channel, breaking $0.5200 level.

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