Ripple Analysis

  • Ripple price created a double top formation, leading to an 8% downswing.
  • This downtrend is likely to continue until it hits $0.821, the 62% Fibonacci retracement level.
  • A bounce from this barrier promises an 18% bull rally to $0.961.

Ripple price formed the second peak on June 14, indicating the formation of a double top. As a result, Ripple is starting to decline, heading toward an immediate support level.