RIPPLE - Price can break support level in falling channel

26 janv.

Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊

Some days ago price entered to falt, where it first made fake breakout of $0.6000 level and then backed up.

In flat price later rose to top part and then turned around and made strong downward impulse to $0.5000 level.

Thereby XRP broke $0.6000 level and exited from flat, after which the price bounced up from the support level and try back up.

Price failed and some time traded near $0.6000 level, and later XRP made fake breakout of this level and entered to falling channel.

In channel Ripple declined back to support level and a not long time ago price bounced up to resistance line.

Now, I think Ripple can bounce from this line to $0.4685, thereby breaking support level.

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