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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 (0.5135 to 0.4960). 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 (0.5135)
  • Ending of entry zone (0.4960)

DateFebruary 11, 2024 - 11:52
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:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.4855 on 01/31/2024, so more gains to resistance(s) 0.5440, 0.5780, 0.6240 and more heights 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 51.

Take Profits:

  1. 0.5440
  2. 0.5780
  3. 0.6240
  4. 0.6755
  5. 0.8000
  6. 1.0165
  7. 1.2300
  8. 1.3500
  9. 1.7000
  10. 1.9677
  11. 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