XRP / TetherUSLong
Ripple can rebound of support level to 0.5000
Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see that price a few time ago bounced from the support line of the wedge and made a strong impulse up to the support level, which coincides with the support area. After this movement, Ripple made a little correction and then continue to rise to the seller zone, breaking the support level. Reached seller zone, price soon decline to support level, but at once bounced up to resistance line of wedge. Next Ripple made a correction to the support area and then tried to back up to the seller zone, but failed and fell to the support line. And a not long time ago price rebounded of the support line and exited from wedge. Also, Ripple broke the support level and now trades close it. I think it can bounce of the support level and start to rise. For this reason, I set the target at 0.5000 level. 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.