#ETHRally Chat about Ripple
The price is currently around $3.2793, with strong gains exceeding +5%.
The graphical data shows a key resistance at levels of $3.30, which is an area preventing rapid ascension.
The apparent support is holding around $3.25–$3.26.
The charting technique shows that the price is moving within a symmetrical triangle (4-hour), reflecting a phase of compression and waiting for a clear breakout either upwards towards $3.46 or downwards towards deeper support levels.
Technical summary: Ripple has positive momentum, but the $3.30 resistance is strong, and it needs a clear breakout to confirm an upward trend. In case of failure, we may rely on current support or see a correction towards lower areas like $3.15–$3.10.
From the circulating news
The decision to end the legal dispute between Ripple and the SEC triggered a strong market push, with trading volume increasing by 208% and the price rising by 4% from $3.15 to $3.25.
