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Weekly forecast Ripple technical chart
Symbol XRPUSD
Trade Setup

#XRPUSD
Total Profit: 16283 point (465%)
Closed trade(s): 5555 point Profit
Open trade(s): 10728 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 0.4674(current price) - 0.3482(open price) = 1192 point (34%)
9 trade(s) still open, therefore total profit for open trade(s) is 1192 (34%) x 9 = 10728 point (306%)

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 20, 2023 - 15:08
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:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A peak is formed in daily chart at 0.5850 on 03/29/2023, so more losses to support(s) 0.4450, 0.4330, 0.4195 and minimum to Major Support (0.2870) 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 57.

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) Sun, 21 Jul 2024
Ripple (XRPUSD) Sun, 14 Jul 2024
Ripple (XRPUSD) Sun, 30 Jun 2024
Ripple (XRPUSD) Sat, 29 Jun 2024
Ripple (XRPUSD) Wed, 19 Jun 2024