Short

HelenP. I Ripple trades in channel and may continue to decline

Hi folks today I'm prepared for you RIPPLE analytics. After forming a resistance zone 0.5325-0.5390, Ripple began to fall and broke through support at level 0.4825. The price dropped to the level 0.4410, tested it and began to rise. After the re-test resistance, Ripple fell and tried to break through support at level0.4410, but the price could not fix below and rose to the current resistance. The price has created a downward channel and already has been trading in the within for a long time. Recently, the price re-tested the resistance of a channel that corresponds to the trend line and decreased. Now the price is trading under the resistance of the channel and may continue to fall. It seems to me that Ripple may continue the downtrend, therefore targets will be set at level 0.4520 and at level 0.44.10, which will tell the support channel. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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