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Ripple Price Prediction – Chart image shows 100% increase

 


In our last Ripple price forecast , we wrote about the fact that the price could soon rise by around 40%. But then the course fell and could now head for an important support. This support could now mean that the Ripple price could rise by around 100% at the beginning of 2022. Today we will explain to you about the Ripple course.


Ripple price started forming the symmetrical triangle at the beginning of May. Since then, the upper trend line has held as resistance and the lower one as support. Both trend lines are heading towards each other, which is why the price should decide soon. A triangle, or formations in general, usually breaks out in the last third of the pattern. Since we have arrived at this point where the ripple price is in the last third, we would now assume an early breakout.


Since Ripple price formed the triangle after an up move, the price could now have a higher probability of breaking out to the upside in the future. We anticipate a move up to the $1.75 – $2 resistance area. After price hits resistance, price could bounce and fall back to the trendline, which acts as support. You have to see what happens after that as soon as the course has reached the resistance. It could also break the resistance and form a new all-time high. Until then, a new Ripple price article is coming to keep you posted.

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