XRP / TetherUSShort
Ripple can break support area and continue to decline
Hello traders, I want share with you my opinion about Ripple. Looking at the graph, we can see how the price moved in the downward channel, after which tested the support area 0.3640-0.3600, from which it bounced off and begin to rise. Ripple broke through the resistance of channel and grow to the resistance area 0.4050-0.4090 which retested it and bounced back. Then the price continue to fall and made a fake breakdown at level 0.3600, after which it returned and increased to the resistance line. We see how the price did a retest of the resistance line and dropped to the support area. Currently, the price is trading within the support area and may continue to fall so I set the target for Ripple at the level 0.3500. 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
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.