XRP has retested resistance of triangle and can to drop

2023年3月28日

Hi folks, today I'm prepared for you RIPPLE analytics. Last week, the price formed an upward impulse and broke through the resistance at 0.4010 and reach level 0.4935 which from it bounce back. As we can see, after the rebound from resistance, the Ripple made a deep correction and tested the trend lines. Next, price continued to move up, and after a while created an ascending triangle. Price re-test the resistance level 0.4935, from which it bounced and decreased. Currently, the price is below the resistance level and may continue to decline. It seems to me that the price can reach the trend line, consequently target will be set at a level 0.4645 that coincide with the level of Fibonacci 0.236. If you like my analytics, you can support me with your like/comment ❤️