XRPLong
Trading plan: XRPUSD (Ripple)
Updated
Current situation:
The rate of Ripple remained in flat. We expect today to see a bounce in Ripple's price up.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 0.64;
$ 0.54;
$ 0.50;
$ 0.46.
Support levels:
$ 0.43;
$ 0.42;
$ 0.40.
Forecast:
We stick to our previous forecast - the growth of Ripple rate from $ 0.43 to $ 0.46.
The rate of Ripple remained in flat. We expect today to see a bounce in Ripple's price up.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 0.64;
$ 0.54;
$ 0.50;
$ 0.46.
Support levels:
$ 0.43;
$ 0.42;
$ 0.40.
Forecast:
We stick to our previous forecast - the growth of Ripple rate from $ 0.43 to $ 0.46.
Note
Trend Analysis: XRP / USD (Ripple)Ripple's quotation is still dominated by bears. The price of XRP / USD is traded in a descending channel with a resistance level of $0.45 and support at $0.20. The nearest levels of support for the Ripple price are: $0.43, $0.42 and $0.38.
Current situation:
Today, XRP / USD quotation is traded in a narrowing consolidation: $0.44- $0.43. We are still waiting for the Ripple price to go up to levels: $0.48 and $0.52.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels:
$ 0.45;
$ 0.48;
$ 0.51.
Support levels:
$ 0.43;
$ 0.42;
$ 0.38.
Forecast:
The forecast is the same. The growth of XRP / USD quotation from the level of $0.45 with a target of growth in the zone: $0.48- $0.51.
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