Ripple price forecast – after an extreme rise, now the hard descent?

 

In our last Ripple price prediction , we wrote that the price broke out of a formation. The eruption was more extreme than we expected. As a result, we adjusted our targets and assumed that the price could reach $0.86 soon. The Ripple price then continued to rise and was able to form a high at around $0.91. But how could the course continue? We'll enlighten you!

Ripple price has formed a strong trend line over the past few months. This trend line regularly provides resistance and steadily pushes the price down. As we hit this trendline on the last move up, we might see a bigger sell-off first. This could be the current low (+/- $0.7429). In general, it can be said that the Ripple price will fall below $0.50 in the next few weeks. The prerequisite for this would be that the trend line will continue to serve as resistance and not break.

The Ripple price could sink a little lower. The GoldenPocket from the recent rise is around $0.71. Since courses often correct up to the GoldenPocket, we also assume this here. Not only is the GoldenPocket at $0.71 but there is also horizontal support. With two supports on top of each other, the price could find more buyers than usual. This increases the likelihood that the Ripple price will develop a new short-term uptrend there. The targets, if we respect the GoldenPocket, are $0.78 and the trend line.

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