RIPPLE Technical Analysis: Weekly Chart

In the weekly charts, RIPPLE is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 0.305056 and the resistance level is at 0.649269

RIPPLE is trading in a downward channel until there is a trend reversal.

RIPPLE Technical Analysis: Daily Chart

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

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 0.352320 and the resistance level is at 0.509982

RIPPLE is trading below and outside its previous downward channel until there is a trend reversal.

How to trade RIPPLE this week:

RIPPLE is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 0.286450, TAKE PROFIT AT 0.123646, AND STOP-LOSS AT 0.416692