Short

HelenP. I XRP trades in downward wedge and may continue to fall

Hi folks today I'm prepared for you RIPPLE analytics. At the beginning of last month, the price tried to break through the resistance zone 0.5290-0.5380, but could not fix above and decreased. After retesting the resistance zone, Ripple continued the downward local trend and broke through support at level 0.4705. For a long time, was created a downward wedge, in which the price is still traded. After re-testing the support of wedge, the price rose, broke through the current resistance at level 0.4705 and traded higher for a while, after which it continue to decline. After a slight upward correction and a re-test of resistance of the wedge that corresponds to the trend line, Ripple continued the downtrend and went down to support of the wedge. Recently, the price rose to the trend line, tested it and rebound. Ripple is currently trading close to the support zone and can continue to fall and reach it. It seems to me that the price can continue to move down, so the target will be set in the zone 0.4140-0.4085 which corresponds to the support of wedge. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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