Ascending Channel

Ripple is within an ascending channel with a minor downtrend line observed. The robust support at the channel's bottom indicates potential for a substantial increase if the downtrend line is breached.

1/21/20241 min read

Ripple analysis - Ascending channel, minor downtrend line, and potential for substantial increase up
Ripple analysis - Ascending channel, minor downtrend line, and potential for substantial increase up

Ripple is positioned within an ascending channel.
As observed, a minor downtrend line has been established within this channel.
Considering the robust support at the bottom of the channel, should the downtrend line be breached, Ripple is likely to undergo a substantial increase.