LegionQ8

Ripple has tested support level and can 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 after retesting the resistance area 0.5325-0.5390 began to fall and broke through the level 0.4860. Ripple continued to decline and, after several fake breakouts, the support level increased and retested the current resistance level. The price bounced from the resistance level, continued to decline and created a downward channel in which it traded for some time. Ripple broke through the support line, left the channel, and formed a support area 0.4160-0.4095, which it re-tested and began to grow. Having formed an upward impulse, the price broke through the level 0.4435 and continued its upward movement. Not long ago, the price made a correction down and tested the current support level from which it bounced. Currently, the price is trading above the support level and can continue to rise. I think Ripple can continue upward move and reach the resistance level. In this case, I decided to set the targets at level 0.4650 and at level 0.4860. Please share this idea with your friends and click Boost 🚀
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