Ripple Forecast – When will the rise come?

Ripple price has been able to form a trend line for the past few weeks, which is heading towards the $0.38 support. At first glance, it looks like the price is in a descending triangle. However, looking at the sub-chart, you can see that the price formed the triangle after an up move, so it cannot be counted as a down triangle. Despite everything, one has to reckon with the fact that the Ripple course will break out sooner or later. Either it breaks the $0.38 support and resumes the trend bearish or the trendline gets broken and resumes bullish. However, in the short-term, we anticipate Ripple price to drop to the $0.38 support as it sits at the trendline at the moment.

Since some cryptocurrencies, such as Bitcoin , have already broken out bullishly, we assume that the Ripple price will follow suit. Based on this, we expect the price of Ripple to rise to the next resistance in the future. This resistance sits around $0.49, which is why a future rise of around 22% is conceivable.

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