- 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.