LegionQ8

Ripple can exit upward triangle and continue to grow

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. When observing the chart, we can see how the price formed an upward triangle and trades inside. Ripple re-tested the support line of triangle, from which it bounced back and begin to move upwards. The price is now below the resistance area of the triangle, but may continue to rise and break it. I think that after a possible breakthrough of the resistance area of the triangle, the price can continue to move upwards. So the targets for Ripples will resistance area(1) 0.4045-0.4095, resistance area(2) 0.4275-0.4205. Please share this idea with your friends and click Boost 🚀
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.