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

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

RIPPLE (XRP) Technical Analysis

RIPPLE Technical Analysis: Weekly Chart

RIPPLE (XRP) Technical Analysis

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 0.277145 and the resistance level is at 0.483465

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

RIPPLE Technical Analysis: Daily Chart

RIPPLE (XRP) Technical Analysis

In the daily charts, RIPPLE is trading in an upward channel.

It is trading above MA (20) but below MA (50) and MA (100).

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

The immediate support is at 0.298280 and the resistance level is at 0.402080

RIPPLE is trading in an upward 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 0.235285, TAKE PROFIT AT 0.105040, AND STOP-LOSS AT 0.319010

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