RIPPLE - Price can decline to support level and try to break it

2023年8月24日

Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊

After price bounced from $0.6140 resistance level, which coincided with resistance area, it rose to $0.6600 point and entered to falling channel.

In channel, Ripple declined back to $0.6140 level and broke it, made retest, and later fell below.

Next, price made downward impulse below $0.5040 support level, which coincided with support area, but at once rose back.

Also, Ripple started to trade inside triangle, where it reached resistance line, but recently exited from it.

Now price trades below resistance line and I think that Ripple can bounce down to support level and try to break it.

After breakout price can make retest and then continue to fall to $0.4450

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