Key Support Levels: $0.25, $0.20, $0.15
XRP/USD Long-term Trend: Bearish
Since on March 12, Ripple has been on an upward move but faces resistance at $0.17. The price has earlier been fluctuating between $0.12 and $0.17. Nonetheless, the bulls have broken and closed above the resistance line of the descending channel. The price action implies that there may be a change in trend. Ripple is likely to be in upward move. XRP is likely to move up to the high of $0.20, if the bulls sustain price above $0.17. There is the likely tendency for price to slide below $0.17, if the bulls fail to sustain price.
Daily Chart Indicators Reading:
Ripple is trading above 60% range of the daily stochastic. The bullish momentum is unsteady as the bulls break the resistance line of the descending channel. In the meantime, the price bars are above the support of 21-day SMA.
XRP/USD Medium-term Trend: Bullish
Ripple is making a series of higher highs and higher lows. The bulls have been able to break above $0.17, but the bulls have to sustain the upward move. Ripple upward move has not been impressive, as it lacks buying at higher levels.
4-hour Chart Indicators Reading
A bullish trend line is drawn showing support levels of price. Meanwhile, Ripple is rising as it reaches level 53 of the Relative Strength index. Ripple is above the centerline 50 indicating that it is in the Uptrend zone. Nevertheless, the 21-day and 50-day SMAs are sloping upward.
General Outlook for Ripple (XRP)
Ripple has broken the resistance line of the descending channel. XRP has the chance of an upward move if the bulls sustain the current momentum above $0.17. Failures of the bulls to push the price upward will make price slide down.
Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.171
Stop: $0.165
Target: $0.191
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.