XRPUSD - another upward movement?
The price of Ripple has been rising for three weeks in a row. Therefore, the price has reached the highest level since late August. From the technical point of view, the current upward movement may be the next impulse wave which may occur after abc running correction.
If the recent top at 0,3273 USD is broken the price may extend a rally to the line drawn by the tops. The whole structure looks like an expanding wedge with another possible resistance at 0,4786 USD.
The nearest support could be located at the line drawn through the bottom and also at 0,2357 USD.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
If the recent top at 0,3273 USD is broken the price may extend a rally to the line drawn by the tops. The whole structure looks like an expanding wedge with another possible resistance at 0,4786 USD.
The nearest support could be located at the line drawn through the bottom and also at 0,2357 USD.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.