XRP / TetherUSShort
Ripple can make downward correction and test support area
Hello traders, I want share with you my opinion about Ripple. Watching the chart, you can see how the price reached the level 0.5850, bounced and began to decline. Over time, the price created a downward channel in which it traded for a long time. Ripple tested the support line, increased and formed a resistance area 0.4775-0.4880 inside the channel. After a retest of the resistance area, the price dropped to the support level 0.4095, from which the bounced, began to rise and left the channel. Ripple recently broke through the resistance area and continued to move up. Currently, the price is trading above the resistance zone and can go down and test it. I think Ripple could to decline anytime soon. In this case, the target I decided to set in zone 0.4880-0.4775. Please share this idea with your friends and click Boost 🚀
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💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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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.