Technical analysis of Ripple for November 17, 2021

Name: r-t-171121.jpg Views: 16 Size: 25.4 KB

Ripple has the same dominating formation as Litecoin, a huge Cup with handle formation. It signals strong bullish momentum once the resistance-line near 1.97 is broken. We will have to stay patient and let the handle develop. A break above minor resistance at 1.35 will confirm more upside pressure towards the Cup with Handle resistance near 1.97. Above this level, there may be a rally to at least 3.82 and possibly even higher.




Name: 36.png Views: 19 Size: 14.2 KB
Torben Melsted
Analytical expert of InstaForex
© 2007-2021