Friends, #Ripple has been moving within a horizontal channel for the past year. After reaching an ATH in July, it has been steadily declining for about 6 months.
Currently, it appears to be holding at the bottom of this channel and a major support level, and has reversed.
If it begins to rise and breaks the downtrend since July, it will initially target the middle band of the channel and then the ATH level.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#XRP
Current outlook...
Friends, #Ripple has been moving within a horizontal channel for the past year.
After reaching an ATH in July, it has been steadily declining for about 6 months.
Currently, it appears to be holding at the bottom of this channel and a major support level, and has reversed.
If it begins to rise and breaks the downtrend since July, it will initially target the middle band of the channel and then the ATH level.
Stay tuned.