RIPPLE Technical Analysis: Weekly Chart

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

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 0.537632 and the resistance level is at 0.835330

RIPPLE is trading within a descending triangle until there is a breakdown.

RIPPLE Technical Analysis: Daily Chart

In the daily 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 0.570556 and the resistance level is at 0.640508

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

How to trade RIPPLE this week:

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

TRADE SUGGESTION: SELL AT 0.514375, TAKE PROFIT AT 0.272495, AND STOP-LOSS AT 0.677178