Hi folks today I'm prepared for you RIPPLE analytics. After retesting the resistance zone 0.4820-0.4870, the price started to decline and broke through support at level 0.4710. Heaving a slight upward correction, Ripple re-tested the current resistance and continued the local downtrend. Subsequently, the price dropped to mark 0.4100, from which it rebounded and increased. Ripple trading below the 0.4415 level for a while, and after re-testing the trend line, the price formed an upward impulse and broke through it. Ripple rose to resistance at level 0.4710, again tested it and declined. Recently, the price made an upward correction and continued to fall. Ripple may continue the local downtrend and break through support. Therefore, the goals will be set at levels 0.4415 and 0.4265, which corresponds to the trend line. If you like my analytics you may support me with your like/comment ❤️
Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
TradingBrokersView
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Very good study and solid update. Continue publishing great content!
TheCryptagon
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Taking into consideration the market conditions, your forecast should work quite well. Great work.
InvestingScope
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Thanks for sharing this idea! Nice description with good technical analysis.
ArmanShabanTrading
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excellent analysis!
basictradingtv
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excellent work as always, keep it up!
linofx1
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Possible scenario
KlejdiCuni
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The correction is possible but on the long term this is a great Long opportunity. I agree with your perspective.