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 Weekly Price Analysis – August 06
Should the bulls push up the price to reach the resistance level at $0.33 and the level does not hold the price, the next resistance level can be found at $0.36 and $0.39. In case the bears manage to push the price below the support level at $0.29 with the daily candle closes below the level, then, further price declination may be possible and the support levels may be found at $0.24 and $0.20.
XRP/USD Market
Key Levels:
Resistance levels: $0.33, $0.36, $0.39
Support levels: $0.29, $0.24, $0.20
XRP/USD Long-term Trend: Bullish
The bulls are holding tight to the XRP/USD market. After the breakup that took place at $0.29 price level on August 02, it sporadically increased to test the resistance level of $0.33 but the bulls’ momentum became weak. A long-legged daily Doji candle formed at $0.29 price level; this indicates indecision. Following the Doji formation is a daily strong bullish candle, but the bullish momentum could not drive the price further and this led to price consolidation.
Should the bulls push up the price to reach the resistance level at $0.33 and the level does not hold the price, the next resistance level can be found at $0.36 and $0.39. In case the bears manage to push the price below the support level at $0.29 with the daily candle closes below the level, then, further price declination may be possible and the support levels may be found at $0.24 and $0.20. The relative strength Indicator is above 75 levels and the signal line flips towards north to indicate buy.
XRP/USD Medium-term Trend: Ranging
XRP is on the ranging movement in the 4-hour chart. The bulls’ momentum is currently weak, likewise, the bears’ pressure and this is what led to consolidation at $0.29 price level. The bears have to gain more pressure before a breakout at $0.29 level occurs. The 9 periods EMA and 21 periods EMA are close to each other and the price hovering over the EMAs.
Trade setup may be placed as Sell stop order at $0.28273, Take profit at $0.21326, Stop loss at $0.34227. This signal becomes invalid if it does not trigger within 8 hours.
- 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