Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
RIPPLE - Price can break support level in falling channel
XRP / TetherUS
Short
RIPPLE - Price can break support level in falling channel
By WalterMoon
Follow
Follow
Jan 26
6
Cheer
Cheer
Jan 26
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falt, where it first made fake breakout of $0.6000 level and then backed up.
In flat price later rose to top part and then turned around and made strong downward impulse to $0.5000 level.
Thereby XRP broke $0.6000 level and exited from flat, after which the price bounced up from the support level and try back up.
Price failed and some time traded near $0.6000 level, and later XRP made fake breakout of this level and entered to falling channel.
In channel Ripple declined back to support level and a not long time ago price bounced up to resistance line.
Now, I think Ripple can bounce from this line to $0.4685, thereby breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
crypto
FLAT
Parallel Channel
ripple
Support and Resistance
trend
Trend Analysis
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
.