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Weekly forecast Ripple / BIT technical chart
Symbol XRPBIT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (7.29350 to 6.17320). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (7.29350)
    • Support on 01/01/2021
    • Support on 01/14/2021
    • Support on 01/29/2021
    • Support on 03/13/2021
    • Support on 03/14/2021
    • Support on 03/15/2021
  • Ending of entry zone (6.17320)
    • Support on 12/29/2020
    • Trough on 01/03/2021
    • Support on 01/03/2021

DateMarch 26, 2021 - 11:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.17320, beginning of uptrend is expected.
  • We make sure when the resistance at 23.53520 breaks.
  • If the support at 6.17320 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 7.45200 on 03/13/2021, so more gains to resistance(s) 12.80590, 15.51770, 19.01905 and maximum to Major Resistance (23.53520) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 12.80590
  2. 15.51770
  3. 19.01905
  4. 23.53520
  5. 28.05510
  6. 33.45315
  7. 40.90000
  8. 58.75115
Click on the level to view price action history.

Symbol Released Current Forecast
Ripple / BIT (XRPBIT) Sun, 20 Mar 2022
Ripple / BIT (XRPBIT) Tue, 15 Mar 2022
Ripple / BIT (XRPBIT) Mon, 7 Mar 2022
Ripple / BIT (XRPBIT) Sun, 27 Feb 2022
Ripple / BIT (XRPBIT) Sun, 20 Feb 2022