LegionQ8

After correction, Ripple can rebound up from support line

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price a few time ago price declined from the 0.6280 resistance level, which coincided with the seller zone to the support line. After this, the price rebounded from the support line, which coincided with the 0.6000 support level, and in a short time rose to the resistance line of the wedge, but when Ripple reached this line it at once around down and started to decline. Price fell lower than 0.6280 and 0.6000 levels to support line of the wedge, thereby breaking these levels. But soon, the price bounced of this line and made a strong upward impulse to the resistance line, which coincided with the 0.6280 level, breaking the support level again. After this movement, XRP bounced from the resistance line and declined to support line of the wedge, where it continues to trades near. So now, I think that Ripple can make a correction to the support line again and then rebound up to the resistance level, thereby exiting from the wedge. For this case, I set my target at the 0.6280 resistance level. Please share this idea with your friends and click Boost 🚀
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