Ripple Technical Analysis Report 11 August, 2021

• Ripple broke resistance zone
• Likely to rise to resistance level 1,0000

Ripple cryptocurrency continues to rise strongly after previously breaking through the combined resistance zone located between the resistance level 0.861 and the 61,8% Fibonacci correction of the previous downward impulse from the end of May. The breakout of this resistance zone accelerated the active minor impulse waves (v) and 3 .

Given the global improvement in risk sentiment as seen across the cryptocurrency markets – Ripple can be expected to rise further toward the next round resistance level 1,0000 (target price for the completion of the active impulse waves (v) and 3).

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