Cryptocurrency: Ripple Price Technical Analysis & Trade Signals

Cryptocurrency: Ripple Price Technical Analysis & Trade Signals

Ripple Price Technical Analysis

RIPPLE Technical Analysis: Weekly Chart

Ripple Price Technical  Analysis

In the weekly charts, RIPPLE is trading within a symmetrical triangle.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 0.667619 and the resistance level is at 0.857903

RIPPLE is trading within a symmetrical triangle until there is a breakout or a breakdown.

RIPPLE Technical Analysis: Daily Chart

Ripple Price Technical  Analysis

In the daily charts, RIPPLE is trading below its previous upward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 0.694951 and the resistance level is at 0.789485

RIPPLE is trading outside and below its previous upward channel.

How to trade RIPPLE this week:

RIPPLE is trading within a symmetrical triangle until there is a breakout or a breakdown. If the price breakdowns, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 0.647813, TAKE PROFIT AT 0.413023 AND STOP LOSS AT 0.847112

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