HelenP. I Ripple will bounce up from support level to trend line

Mar 16

Hi folks today I'm prepared for you Ripple analytics. Some time ago price fell to the support level, but soon rebounded and tried to rise more. Ripple failed and made a strong impulse down to 0.5380 points, after which in a short time it rose back to the support level, which coincided with the support zone. Soon, the price broke this level and some time traded near, after which Ripple fell below the support zone again, turned around, and made a strong impulse up to the trend line, making a fake breakout of the 0.6100 level and also breaking 0.7000 resistance level, which coincided with resistance zone. Also, the price started to trades in a triangle, where later XRP rebounded from the trend line and soon declined lower 0.7000 level, breaking it again. Then price made a retest and continued to fall to the support level and after declining to this level, Ripple rebounded and tried to move up, but failed and now continues to trades close to the support level. For this reason, I expect that Ripple will fall to this level and then rebound up to the trend line. That's why I set my target at 0.6550 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️