LegionQ8

Ripple can rebound down of support area and break support line

Short
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that price a few time ago bounced from the resistance line and rose to 0.7220 current resistance level, which coincides with the support area. And later, Ripple continue to move up and in a short time reached the 0.7900 resistance level, but at once made a correction to the resistance line. Then the price made impulse higher of 0.7900 resistance level and even seller zone. But soon it rolled down to the resistance line and some time later broke it too and fell to 0.7220 current resistance level. In a short time, Ripple continued to decline to the support line, thereby breaking the 0.7220 level. But a not long time ago it bounced from the support line and started to grow to this level. At the moment price trades near the 0.7220 resistance level inside the support area. Possibly Ripple can rise to the resistance level and then rebound down to the support line. Also, it can try to break this line. If the price breaks the support line, Ripple can make a retest and then continue to fall. For this case, I set up my target at the 0.6800 level. Please share this idea with your friends and click Boost 🚀
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