Ripple is continuing to rise on Thu Oct 18. The crypto is trading at around 0.4853 (+0,4%), says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Technically, XRP is forming an uptrend on H4. The latest rising impulse tested the current channel resistance, while the current micro trend is a descending correction. The target of the fall is probably the support at 0.4280. The current channel, meanwhile, is forming a stable rising pattern. Once the price reaches the support it may bounce and then form another rising move with the target at the resistance at 0.5200. If this is the case, the price may well head to 0.6200.