Technical analysis of Ripple for March 30, 2021

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Ripple has broken out of the triangle consolidation towards the upside as expected. We still need a break above resistance at 0.6000 to confirm the triangle completion and the continuation higher to key-resistance at 0.7644 and a break above here will open up the upside for a continuation towards resistance at 1.5000.

Support is now seen at 0.5336 which should be able to protect the downside.

Trading recommendation:

Buy Ripple here and place you stop at 0.5330.

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

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