Ripple saw some good price action last week as the buyers returned with some impressive volume.
This buying momentum pushed prices through the $0.60 zone and the sellers started stepping in above $0.70.
The market has corrected somewhat and formed a impressive bullish pennant, even though these formations don’t have a 100% success rate, it is a bullish sign for me.
In these situations I would be prepared for a break to the top or bottom.
Summary:
Support – S1: $0.65 – S2: $0.60 – S3: $0.40 – $0.45
Resistance – R1: $0.70 – R2: $0.82 – R3: $1.00