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Weekly forecast Ripple technical chart
Symbol XRPUSD

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Trade Setup
#XRPUSD
Total Profit: 238506 pip (1280%)
Closed trade(s): 84050 pip Profit (452%)
Open trade(s): 154456 pip Profit (828%)

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 (10%).
TP2 @ 0.23000 touched at 2020.07.28 with 4380 pip Profit (24%).
TP3 @ 0.28625 touched at 2020.08.01 with 10005 pip Profit (54%).
TP4 @ 0.34600 touched at 2020.11.21 with 15980 pip Profit (86%).
TP5 @ 0.38150 touched at 2020.11.21 with 19530 pip Profit (105%).
TP6 @ 0.50900 touched at 2020.11.23 with 32280 pip Profit (173%).
1875 (10%) + 4380 (24%) + 10005 (54%) + 15980 (86%) + 19530 (105%) + 32280 (173%) = 84050 pip (452%)

Open Profit:
Profit for one trade is 0.57234(current price) - 0.18620(open price) = 38614 pip (207%)
4 trade(s) still open, therefore total profit for open trade(s) is 38614 (207%) x 4 = 154456 pip (828%)

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 0.3460 is broken, we will close open trades.

DateDecember 8, 2020 - 21:29
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.3460 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.3460 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 0.67980 on 11/30/2020, so more losses to support(s) 0.50900, 0.38150 and minimum to Major Support (0.34600) 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 58.

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