Skip to main content

Ripple : Breakout within 48 hours

Ripple (XRP) is supported by a rising trend-line and is close to a break either upside or downside , hours will tell. We must see a break within the coming 48 hours.


A break to the downside will put extreme pressure on the critical support area at 1.14$ which might be broken then. Next support will be at 1.05$

The pair will face some resistance on the upside before a break up at 200 MA on the 1h chart which currently lies at 1.30$ .

Ultimate target before a real break out and beginning of another bull trend will be testing of 2.30$ area. Keep following for updates.

Labels

Labels:

Popular posts from this blog

Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.
Read more

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto
Post a Comment
Read more

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.
Read more