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Ripple dropped through the $0.38300 mark on Tuesday after printing $0.40850 highs on Monday. The crypto has then found support and has bounced back towards $0.39200 at this point of writing. Bulls might be poised to come back in control from here and hold prices above the $0.38000 mark to keep the near-term structure constructive.
Ripple has been working on a potential countertrend rally towards $0.66650 as projected on the daily chart. It has terminated the first leg around $0.46400, while the second leg seems to be completed around $0.37500 respectively. If the price holds above well, the next leg should resume higher from here and push through the initial resistance above the $0.65000 mark.
Ripple has dropped from $1.91600 through $0.33000 as seen on the daily chart, carving a meaningful downswing. Notably, the previous support around $0.36840 was also taken out with ease as bears showed their strength. Ideally, at least a pullback rally can be expected from the current levels and up to $0.66650, if not towards another high.
Potential rally through $0.66650
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
