LegionQ8

Ripple can continue to fall and break support line of triangle

Short
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 made a big fake breakout of the resistance area, bounced back and started falling. After breaking through the support level 0.5275, Ripple made a deep correction, tested the current resistance level and continued to move down. Reached the level 0.4810, the price changed direction, began to rise and re-tested the resistance level 0.5275. Over time, Ripple created a symmetrical triangle and trades inside. We see how the price has re-tested the resistance line of the triangle and decreased. Ripple is currently trading below the resistance line, but could rally and retest it. I think that after a possible retest, the price can continue to fall and break through the support line of the triangle. After a possible breakthrough, Ripple can continue to decline, so I set the targets at levels 0.4980 and 0.4900. Please share this idea with your friends and click Boost 🚀

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