Ripple can start to rise to resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price a few moments ago broke the 0.5000 support level, which coincides with the buyer zone and declined to 0.4590 points. But then it bounced and started to rise inside the upward channel, in which the price rose to the 0.5000 level, broke it, and continued to move up to the resistance line of the channel. After Ripple reached this line, it rolled down back to the support level, where it some time traded near and later rebounded up to the 0.5375 resistance level, which coincide with the seller zone. But after this movement, it rebounded down back to the support line, where a little time traded and then bounced back to this level and even entered to seller zone. Then Ripple started to decline and fell below resistance level and now it continues to decline. For my mind, Ripple can start to rise to a resistance level and try to break it. After the breakout, it can make a retest and then continue to move up to the resistance line of the channel. For this case, I set up two targets, the first target at the 0.5375 resistance level and the second - at the 0.5600 level, which coincides with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
