Weekly Ascending Channel
Explore Ripple's weekly timeframe, revealing a clear ascending channel with price fluctuations. Significant turning points at the resistance area (orange box) and support area (blue box). Presently in a correction phase, the observation of bullish patterns in these areas suggests the potential for the upward trend to continue.
1/28/20241 min read
In the weekly timeframe for Ripple, a distinct ascending channel is observed where the price fluctuates. Responses to resistance area (orange box) and support area (blue box) can be significant turning points in determining the price trend. Currently, XRP is in a correction phase and, if bullish patterns are observed in these areas, an upward trend is expected to continue.