LegionQ8

Ripple can decline to support line of downward channel

Short
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some days ago made a downward impulse to 0.6800 current resistance level, thereby breaking the 0.7355 resistance level, which coincides with the seller zone. After this price bounced up and started to rise to the 0.7355 level, but after it reached this level, Ripple rebounded down and started to decline inside the downward channel. Inside the channel, the price broke the 0.6800 current resistance level, which coincides with the resistance area and fell to the support line of the channel. Also a not long time ago price rolled up of the support line and started to rise. And at the moment I think that Ripple can rise a little more and then continue to decline to support line of downward channel. For this reason, I set up my target at the 0.6000 level. Please share this idea with your friends and click Boost 🚀
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