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Ripple forecast – course must decide NOW! Where are we going?

 


Ripple price is currently just above the trend line and it has already found resistance at $0.854. Ripple has been indecisive ever since the price minimally broke the trendline and tested resistance. The course has formed a doji two days in a row. This doji indicates market indecision and it remains to be seen whether the price will continue bullish or bearish. If the price stays above the trend line, we assume that prices will continue to rise. If the price breaks the trend line bearishly again, we assume that prices will fall. The targets in the scenario would be $0.78 and $0.71. Since the bearish scenario seems rather unlikely to us, we expect to hold the trend line.

If the price holds the trendline, which we believe it will, the ripple price could rally to $0.91 first. There is the first target or the first resistance in the chart. After the target is reached, we anticipate a descent to $0.85 to correct the rise. Following this, we could see a move towards $1. From this point as well, we expect a small correction to see a final pump to $1.06.

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