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FX.co ★ Technical analysis of Ripple for November 17, 2021

Technical analysis of Ripple for November 17, 2021

Technical analysis of Ripple for November 17, 2021

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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