Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
RIPPLE - Price can break support level and continue to decline
XRP / TetherUS
Short
RIPPLE - Price can break support level and continue to decline
By WalterMoon
Follow
Follow
Apr 3
4
Cheer
Cheer
1
1
Apr 3
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to support level, but at once bounced and fell to support line of channel.
After this, price turned around and made upward impulse to resistance level, thereby breaking $0.5665 support level.
Next, XRP corrected and then repeated upward impulse to $0.7440 points, breaking $0.6630 level and exiting from channel.
Soon, price turned around and in a short time declined to support level in triangle, breaking resistance level again.
A not long time ago Ripple bounced up and started to rise and now I think that XRP can fall to support level back.
Also then, Ripple will break this level, make retest, and continue to fall to $0.5200
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Parallel Channel
ripple
Support and Resistance
Trend Analysis
Triangle
usdt
xrp
XRPUSDT
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
.