FX.co ★ Technical analysis of Ripple for July 14, 2023

As the verdict against Ripple was read yesterday, stating, that Ripple is a Token and not a contract for investing, Ripple took off as a rocket and rallied 73%. During the trading day, Ripple was up more than 100% at one point but closed the day a little lower. We are looking for Ripple to at least test the long-term resistance line near 1.05 and a break will shift the focus towards the 2021 peak at 1.97. However, for now, look for a firm test of the resistance line near 1.05.