RIPPLE Technical Analysis & Trading Tips

RIPPLE Technical Analysis

RIPPLE Technical Analysis: Weekly Chart

RIPPLE Technical Analysis

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

It is trading above MA (5) and MA (20) but below MA (50).

The immediate support is 0.601433 and the resistance level is at 0.954424

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

RIPPLE Technical Analysis: Daily Chart

RIPPLE Technical Analysis

In the daily charts, RIPPLE is trading in an upward channel.

It is trading above MA (5) but below MA (20) and MA (50).

The immediate support is 0.727288 and the resistance level is at 0.902880

RIPPLE is trading in an upward channel until there is a trend reversal.

How to trade RIPPLE this week:

RIPPLE is trading within a symmetrical triangle until there is a breakdown or a breakout. If it breakouts the following opportunities can be taken:

TRADE SUGGESTION: BUY AT 0.946152, TAKE PROFIT AT 1.186075 AND STOP LOSS AT 0.714502

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