Classic technical analysis of the ripple currency against the U.S. dollar

  Classic technical analysis Ripple against the US dollar

Ripple rose against the dollar during the past weeks and rebounded from the level of 0.3407 and fell affected by the strength of this resistance. We expect a correctional decline until the support level 0.2499, which will be an important purchasing point by meeting with the uptrend on H4. In the case of a break of the first bullish trend referred to in the chart and breaking the 0.2499 level, the selling will prevail then to the support level 0.2123 by meeting with the main bullish trend and the buying will be strong effectively

In the event that the Ripple has gained the positive momentum without visiting the support areas and breaking the 0.3407 level, the purchase will be until the 0.4000 level

In general, the ripple is bullish, and any correction is an opportunity to buy, especially from the support areas indicated on the graph