Weekly Ascending Channel
In the weekly timeframe for Ripple, a distinct ascending channel is observed where the price fluctuates. Responses to resistance area (orange box) and support area (blue box) can be significant turning points in determining the price trend. Currently, XRP is in a correction phase and, if bullish patterns are observed in these areas, an upward trend is expected to continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.