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Weekly forecast Ripple technical chart
Symbol XRPUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3302 to 0.3160). 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 (0.3302)
  • Ending of entry zone (0.3160)

DateNovember 19, 2023 - 14:46
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.4730 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.7325 on 11/06/2023, so more losses to support(s) 0.5850, 0.5490, 0.5100 and minimum to Major Support (0.4730) 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 52.

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