Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
XRP/USD Market January 24
The breakdown of the price at the $0.28 level will make the coin continue its bearish trend towards the support level of $0.21 which may extend to $0.17. The penetration of the $28 level upside will trigger the continuation of the bullish trend towards $0.39, $0.49, and $0.62 price levels.
Key Levels:
Resistance levels: $0.39, $0.49, $0.62
Support levels: $0.28, $0.21, $0.17
XRP/USD Long-term Trend: Ranging
XRPUSD is on the ranging mode in the daily chart. The formation of the “bullish engulfing” candle pattern on January 06 is an indication that the bulls are ready to take over the market. The bulls initiated the upward movement towards the resistance level of $0.28 -$0.29. Along the way, the bulls lose the momentum and the increase is hindered, likewise, the bears’ pressure is not enough to drive the coin downside, then the price commences consolidation at $0.28 level.
The 9 periods EMA and 21 periods EMA are coming closer to each other and the distance between the two are becoming narrower while the price is hovering over the two. The breakdown of the price at the $0.28 level will make the coin continue its bearish trend towards the support level of $0.21 which may extend to $0.17. The penetration of the $28 level upside will trigger the continuation of the bullish trend towards $0.39, $0.49, and $0.62 price levels.
XRP/USD medium-term Trend: Ranging
On the medium-term outlook, XRPUSD is ranging. The bullish movement that commenced on January 06 could not continue due to weakness in the bulls’ momentum. The bears’ pressure is equally weak at the moment in the 4-hour chart. In other words, the momentum of Bulls and Bears are at equilibrium.
The 9 periods EMA and 21 periods EMA are interlocked to each other and the price is trading over and around the two EMAs. The relative strength index period 14 is moving zigzag showing no specific direction, this indicates that consolidation is ongoing in the XRP market.
- 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