Ripple Finally Confirmed The H%S, Strong Enough To Continue?

Hello, Traders Investors And Community And welcome to this update-analysis about the recent events happening with RIPPLE, hopefully, everybody of you is doing well in today's volatile times. As we saw RIPPLE struggling the last days to come over resistance and confirm to the major cryptocurrencies steady up-trend we saw it recently confirming its head and should formation which formed between 0.174 and 0.1996, it confirmed heavily with high volatility to the upside, I described this scenario already in recent analysis where I mentioned the resistance we need to take out for RIPPLE to confirm to the upside. I highly recommend that you watch this analysis to have a full-depth overview of the big picture.


Alright currently RIPPLE made an astonishing move in a very short time-span after confirming the head and shoulder to the upside, this move was very strong and it could indicate a possible continuation the next days and weeks. Currently, we see RIPPLE struggling at the 50 % Fibonacci-resistance which I already mentioned will happen when RIPPLE breaks to the upside. The 50 % Fibonacci-resistance is an important level that shouldn't be ignored therefore it is in the possible spectrum that we will get a correction here as you can see it in my chart.

We need to see if RIPPLE can hold the range between 0.2174 and 0.235 and confirm it as support before moving higher or if RIPPLE fails and visits lower areas again. The next important support-zone when this scenario sets in will be the 0.20265 support as you can see it in my chart marked with the grey trend-lines. When this level does not hold we can look for more downside but the bearish scenario is currently unlikely because we had this massive bull-run to the upside which normally indicates more continuation.

Great it will be exciting to see how RIPPLE manages the next days and if it can continue to rise or fall to lower levels, as I said the bullish scenario has to be confirmed and we need the current local support to hold otherwise RIPPLE can fall back below but I don't see this currently happening so soon, therefore, let us see how it plays out. This should always be the decision of a wise trader, to look for the most possible scenario and in this manner trade it accordingly, to not rush into trades that not match the individual goals.

In this manner thanks for watching the analysis, feel free to support my friends and all the best.
"Success comes from elevated concentration on the projected goals"
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Information provided is only educational and should not be used to take action in the markets.