Technical analysis of Ripple for April 6, 2021


Ripple has rallied nicely through resistance at 0.60 and more importantly through resistance at 0.7644 calling for much more upside pressure in the weeks to come towards the 1.40 target and possibly alot higher, but for now the main attraction is the 1.40 target.

Before pushing higher towards 1.40 a back-test of the former key-resistance at 0.7644 could be seen, but is not a must.

Trading recommendation:

Buy near 0.7644 is possible for a strong rally higher towards 1.40

The material has been provided by InstaForex Company -