Ripple is currently trading just above the key support at $2.7 against the USD. Wait for a bounce to the upside or a potential bearish breakout. Personally, I think Ripple needs to have a harsh pullback (at least -50%) so that key price levels could be tested, before another strong bullish run resumes. Nevertheless, we could also see price quickly bounce back above $3 and continue its run to the upside in the bullish channel.
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Down, then up :) But not 50%... we shall see :)
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I think this is a correction that will make it fall further. Many people bought in recently and gained, a lot will want out, not knowing how the platform can truly achieve.
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