Ripple: Long & Short scenarios
Updated
Hello Traders !
PrimeXBT is here with another technical analysis overview and today we are taking a look at XRPUSD.
If XRP breaks the support line seen in the chart, then I anticipate that its price will revisit its previous lows.
This triangle formation signals that it could be poised for further gains if it breaks through the horizontal resistance line, which would lead it to target the 50% Fibonacci level.
RSI is clearly oversold.
Share your thoughts and ideas about the market under the chart!
Watch closely for our updates to be the first one to get well-timed signals!
Best of luck with your trades, we hope they are very profitable!
PrimeXBT is here with another technical analysis overview and today we are taking a look at XRPUSD.
If XRP breaks the support line seen in the chart, then I anticipate that its price will revisit its previous lows.
This triangle formation signals that it could be poised for further gains if it breaks through the horizontal resistance line, which would lead it to target the 50% Fibonacci level.
RSI is clearly oversold.
- Previous low ~ $0.2025
- Target if it breaks through the resistance line ~ $0.2589
- Market Cap
$16 035 694 805 USD - Volume (24h)
$6 678 425 801 USD - Circulating Supply
108 865 785 ETH
Share your thoughts and ideas about the market under the chart!
Watch closely for our updates to be the first one to get well-timed signals!
Best of luck with your trades, we hope they are very profitable!
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