LegionQ8

Ripple can break resistance level and then continue to rise

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a few days ago declined below the 0.5175 resistance level, which coincide with the seller zone, but soon it rebounded up to the resistance line of tringle, and then the price started to decline. Ripple declined to the support line, which coincided with the 0.4865 support level, and at once started to rise to the resistance line. After the price reached the resistance line, it bounced and made a strong downward impulse to lower the 0.4865 level to 0.4600 points. But then Ripple started to move up inside the upward channel, where it rose higher of the support level, which coincided with the buyer zone and reached the resistance line of the channel. Then the price made a correction to the support line and later made an upward impulse to the resistance line, breaking the 0.5175 resistance level, but some time ago Ripple declined below this level, where it continues to trade now. In my mind, the price can break the resistance level again and then make retest. Also, Ripple can continue to move up to the resistance line of the channel. For this case, I set up my target at the 0.5325 level. Please share this idea with your friends and click Boost 🚀

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