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Weekly forecast Ripple technical chart
Symbol XRPUSD

Download MT4 template file

Trade Setup
#XRPUSD
Total Profit: 54739 pip
Closed trade(s): 16260 pip Profit
Open trade(s): 38479 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.18620 based on 'Valley' entry method at 2020.07.06.

Closed Profit:
TP1 @ 0.20495 touched at 2020.07.09 with 1875 pip Profit.
TP2 @ 0.23000 touched at 2020.07.28 with 4380 pip Profit.
TP3 @ 0.28625 touched at 2020.08.01 with 10005 pip Profit.
1875 + 4380 + 10005 = 16260 pip

Open Profit:
Profit for one trade is 0.24117(current price) - 0.18620(open price) = 5497 pip
7 trade(s) still open, therefore total profit for open trade(s) is 5497 x 7 = 38479 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.2050 is broken, we will close open trades.

DateSeptember 13, 2020 - 15:49
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.2050, resumption of uptrend is expected.
  • We make sure when the resistance at 0.2863 breaks.
  • If the support at 0.2050 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.2050 is broken.

Technical analysis:

  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.23050 on 09/07/2020, so more gains maximum to Major Resistance (0.28625) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Take Profits:

  1. 0.20495
  2. 0.23000
  3. 0.28625
  4. 0.34600
  5. 0.38150
  6. 0.50900
  7. 0.91345
  8. 1.36840
  9. 3.29950
Click on the level to view price action history.

Symbol Released Current Forecast
Ripple (XRPUSD) free Fri, 22 Mar 2024
Ripple (XRPUSD) free Sun, 10 Mar 2024
Ripple (XRPUSD) Mon, 4 Mar 2024
Ripple (XRPUSD) Sun, 11 Feb 2024
Ripple (XRPUSD) Sun, 4 Feb 2024