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Weekly forecast Ripple technical chart
Symbol XRPUSD
Trade Setup

#XRPUSD
Total Profit: 5560 point (171%)
Closed trade(s): 86 point Profit
Open trade(s): 5474 point Profit

Trade Setup:
We opened 15 BUY trades @ 0.3369 based on 'Two Day Reversal Candle' entry method at 2022-09-07.

Closed Profit:
TP1 @ 0.3455 touched at 2022-09-09 with 86 point Profit. (3%)

Open Profit:
Profit for one BUY trade is 0.376(current price) - 0.3369(open price) = 391 point (12%)
14 trade(s) still open, therefore total profit for open trade(s) is 391 (12%) x 14 = 5474 point (168%)

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.
DateSeptember 17, 2022 - 18:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2870, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4100 breaks.
  • If the support at 0.2870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.3215 on 09/16/2022, so more gains to resistance(s) 0.3815 and maximum to Major Resistance (0.4100) 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 61.

Take Profits:

  1. 0.3455
  2. 0.3815
  3. 0.4100
  4. 0.4500
  5. 0.5074
  6. 0.5500
  7. 0.6570
  8. 0.8000
  9. 1.0165
  10. 1.2300
  11. 1.3500
  12. 1.7000
  13. 1.9677
  14. 3.3000
Click on the level to view price action history.
Symbol Released Current Forecast
Ripple (XRPUSD) Sun, 19 Nov 2023
Ripple (XRPUSD) Sun, 12 Nov 2023
Ripple (XRPUSD) Mon, 30 Oct 2023
Ripple (XRPUSD) Sun, 22 Oct 2023
Ripple (XRPUSD) Sat, 14 Oct 2023
History
Daily-Trading-Opportunities on XRPUSD.