Technical analysis of Ripple for November 9, 2021

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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

The material has been provided by InstaForex Company - www.instaforex.com

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