RIPPLE - Price can exit from penannt and fall to $0.4635 level
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in commentsđź‘Š
A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall.
In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level.
After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area.
Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010
Recently XRP bounced down from resistance line and at the moment price trades very close to support level.
In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall.
In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level.
After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area.
Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010
Recently XRP bounced down from resistance line and at the moment price trades very close to support level.
In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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