LegionQ8

Ripple can continue to move up inside upward channel

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price not long time ago price declined to the seller zone, which coincided with the 0.6585 resistance level and soon broke this level, after which XRP started to trades in the range. Then price in a short time fell to the buyer zone, which coincided with the bottom part of the range and soon made impulse up to the seller zone, after which turned around and started to decline. Price declined to the 0.5880 level, and broke it, thereby exiting from range and even fell below the buyer zone, after which Ripple turned around and started to rise in an upward channel. In the channel, the price soon broke the 0.5880 support level one more time and later reached the resistance line, but then made a correction movement. After this movement, XRP rebounded and continued to move up in the channel, so, at the moment I think that Ripple can make a correction move to the support line and then rebound up to the resistance line of the upward channel. For this case, I set my target at the 0.6350 level. Please share this idea with your friends and click Boost 🚀

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