XRPShort
Trend analysis: XRP / USD (Ripple)
Updated
XRP/USD price is in a downward channel with a resistance level of $0.45 and support of $0.20. There are support levels at $0.43 and $0.36 before the support level $0.20 XRP / USD.
The trend for the Ripple asset remains descending.
Current situation:
XRP / USD price could not pass the resistance of the descending channel at $0.48-$0.49 and went down. We forecast the maximum decline for today to the $0.44- $0.42 zone. Since at the level of $0.43 there is an important support for the figure triangle. If the Ripple price passes this resistance, then this can provoke strong sales of the asset.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$0,45;
$0,51;
$0,54;
$0,60;
$0,63.
Support levels:
$0,43;
$0,42;
$0,40.
$0,36;
$0,30;
$0,20.
Forecast:
We predict a decline in the price of Ripla from the level of $0.43 to the price zone of $0.40-$0.42.
The trend for the Ripple asset remains descending.
Current situation:
XRP / USD price could not pass the resistance of the descending channel at $0.48-$0.49 and went down. We forecast the maximum decline for today to the $0.44- $0.42 zone. Since at the level of $0.43 there is an important support for the figure triangle. If the Ripple price passes this resistance, then this can provoke strong sales of the asset.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$0,45;
$0,51;
$0,54;
$0,60;
$0,63.
Support levels:
$0,43;
$0,42;
$0,40.
$0,36;
$0,30;
$0,20.
Forecast:
We predict a decline in the price of Ripla from the level of $0.43 to the price zone of $0.40-$0.42.
Note
Trend analysis: XRP / USD (Ripple)Ripple quotation is still dominated by bears. XRP / USD price 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 trying to grow. The nearest resistance, which the bulls need to overcome in order to strengthen their positions is the level of $0.45. If the bulls will manage to overcome this XRP / USD level, then there will be hopes for an increase in the price of Ripple to the $0.48- $0.51 zone.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$0.45;
$0.48;
$0. 51.
Support levels:
$0.43;
$0.42;
$0.38.
Forecast:
Growth of the XRP / USD quotation from the level of $0.45 with the target in the zone: $0.48-$0.51.
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