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Ripple price volatility dramatic, eyeing key resistance at $0.66

Ripple price volatility dramatic, eyeing key resistance at $0.66

2024/03/06 18:09

Ripple's price action has surged recently, especially after breaking above the triangular triangle trendline rail to reach a key resistance level at $0.66. This suggests a fierce battle between signals and cries, which suggests significant implications for Ripple's future movement. Looking at the daily chart, Ripple's price rose significantly after breaking above the key resistance level at the upper triangle rail, and then the price continued to move upwards in an attempt to break above the key resistance level at $0.66. However, after reaching the key $0.66 area, selling pressure increased, causing the price to fall back inside the triangle. Currently, market sentiment and optimistic expectations in the cryptocurrency industry suggest that the price of Ripple is expected to rise once again in an attempt to break above the key resistance level of $0.66, which in turn will trigger a strong push to the long side, targeting the key resistance level of $0.8.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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