Long

HelenP. I Ripple trades in channel and may rise to resistance

Hi folks today I'm prepared for you RIPPLE analytics. After a second test, support at level 0.3725, the price started a local uptrend. Ripple broke through the resistance zone 0.4400-0.4535 and continued to rise after a slight correction. The price rose to the level 0.5850, rebounded, to decline and began a local downtrend. Subsequently, a descending channel was created, inside which Ripple is now trading. After rebounding from the resistance of channel, the price continued to fall and dropped to the current support zone, which corresponds to the support of channel. Recently, the price re-tested the support zone and began to rise. It seems to me that the local downward trend may continue, but after a deep correction. Ripple is currently trading above the support zone and may continue to rise. The price can rise to the channel resistance line, so the target for Ripple will be set at level 0.4975 and at level 0.5200, which corresponds to the resistance of the channel. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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