Since our last Ripple forecast, the price has risen steadily, as expected. During the rise, the price formed an ascending trend line. However, this not only as support, but also as resistance. As a result, an ascending channel has formed. This channel leads to the major resistance trendline to break. In theory, we now have a symmetrical triangle as price has an ascending trend line and a descending trend line that are about to meet. Since Ripple price recently rose and then formed the lower trend line, the chances of the price breaking out to the upside are higher.
Ripple price has been performing a higher close than before for the past few days, which gives us a little confirmation, but not a clear one, that Ripple price is in an uptrend. If the price completely surpasses the last high soon, the uptrend would be confirmed.
If Ripple price breaks the trendline, which we believe it will for now, the price could bounce off the $0.85 resistance for the first time. The price may then correct somewhat to confirm the break of the trendline. To do this, price must retest the trend line. After that, we expect a breakout of the resistance with a move up to the $1 level.
My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange!
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAIWomplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free!LiteCoinPay -
The #1 FaucetPay earner for LitecoinLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily
Comments
Post a Comment