. RIPPLE (XRP) Technical Analysis, Forecast and Trade Signals

RIPPLE (XRP) Technical Analysis, Forecast and Trade Signals

10 Jun 2022

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 level is at 0.356220 and the resistance level is at 0.570195

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 within a rectangle.

It is trading above MA (20) but below 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 level is at 0.356330 and the resistance level is at 0.452956

RIPPLE is trading within a rectangle until there is a breakout or a breakdown.

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 0.319010, TAKE PROFIT AT 0.160855, AND STOP-LOSS AT 0.416692