RIPPLE (XRP) Price Technical Analysis, Forecast and News

RIPPLE (XRP) Price Technical Analysis, Forecast and News

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 (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 0.853936

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 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 below zero which indicates bearishness.

The immediate support is at 0.610198 and the resistance level is at 0.686424

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

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 0.505072, TAKE PROFIT AT 0.267844 AND STOP LOSS AT 0.705088

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