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.
The material has been provided by InstaForex Company – www.instaforex.com
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.
The material has been provided by InstaForex Company – www.instaforex.com
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