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09.11.202108:34 Forex Analysis & Reviews: Technical analysis of Ripple for November 9, 2021

Exchange Rates 09.11.2021 analysis

Ripple has just triggered a S/H/S bottom-formation that calls for a rally towards 2.32 and that will then trigger a huge Cup with Handle formation with a target at 3.82 so the upside potential here is huge at the moment.

We expect support near 1.22 will be able to protect the downside as Ripple makes its way higher towards the cup with handle resistance at 1.96 and ultimately a continuation higher to 2.32 and 3.82

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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