Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in commentsđź‘Š
Recently price made upward impulse to $0.7470 points, breaking $0.6780 level, but then in started to decline in channel.
In falling channel XRP soon broke $0.6780 level again and then declined back to $0.5980 level, which coincided with support area.
Later, price made fake breakout, turned around, and started to grow in the rising channel, exiting from past channel.
Inside rising channel, Ripple rose to resistance line, but a not long time ago bounced and fell to support line.
Now, it continues to rise near this line and I think that XRP can fall below support line of channel.
After this, price can turn around and start to move up to $0.6780 resistance level, making fake breakout.
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Comment
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Price exited from the rising channel, as I thought, but didn't bounce back to the channel, so, now I think Ripple can continue to decline to support level