forexfrombed-com

Ripple At Key Support, Up or Down?

Ripple is currently trading just above the key support at $2.7 against the USD. Wait for a bounce to the upside or a potential bearish breakout. Personally, I think Ripple needs to have a harsh pullback (at least -30%) so that key price levels could be tested, before another strong bullish run resumes. Nevertheless, we could also see price quickly bounce back above $3 and continue its run to the upside in the bullish channel.

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