Technical analysis of Ripple for November 17, 2021

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Ripple has the same dominating formation as Litecoin, a huge Cup with handle formation. It signals strong bullish momentum once the resistance-line near 1.97 is broken. We will have to stay patient and let the handle develop. A break above minor resistance at 1.35 will confirm more upside pressure towards the Cup with Handle resistance near 1.97. Above this level, there may be a rally to at least 3.82 and possibly even higher.

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

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