RIPPLE (XRP) Price Technical Analysis, Forecast and News
29 Apr 2022
RIPPLE Technical Analysis: Weekly Chart
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
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: