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Weekly forecast Ripple technical chart
Symbol XRPUSD
Trade Setup

#XRPUSD
Total Profit: 12566 point (357%)
Closed trade(s): 5555 point Profit
Open trade(s): 7011 point Profit

Trade Setup:
We opened 14 BUY trades @ 0.3482 based on 'Hammer' entry method at 2023-01-02.

Closed Profit:
TP1 @ 0.3730 touched at 2023-01-11 with 248 point Profit. (7%)
TP2 @ 0.4195 touched at 2023-01-23 with 713 point Profit. (20%)
TP3 @ 0.4450 touched at 2023-03-21 with 968 point Profit. (28%)
TP4 @ 0.5100 touched at 2023-03-28 with 1618 point Profit. (46%)
TP5 @ 0.5490 touched at 2023-03-29 with 2008 point Profit. (58%)
248 (7%) + 713 (20%) + 968 (28%) + 1618 (46%) + 2008 (58%) = 5555 point (159%)

Open Profit:
Profit for one BUY trade is 0.4261(current price) - 0.3482(open price) = 779 point (22%)
9 trade(s) still open, therefore total profit for open trade(s) is 779 (22%) x 9 = 7011 point (198%)

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.

DateMay 10, 2023 - 18:51
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 0.2870, continuation of uptrend is expected.
  • We make sure when the resistance at 0.5850 breaks.
  • If the support at 0.2870 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.5850 on 03/29/2023, so more losses to support(s) 0.4195, 0.3730, 0.3302 and minimum to Major Support (0.2870) 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 33.

Take Profits:

  1. 0.3730
  2. 0.4195
  3. 0.4450
  4. 0.5100
  5. 0.5490
  6. 0.6570
  7. 0.8000
  8. 1.0165
  9. 1.2300
  10. 1.3500
  11. 1.7000
  12. 1.9677
  13. 3.3000
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