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UnknownUnicorn3470358
Sep 25, 2018 6:47 AM

XRPUSD Multi Timeframe analysis holding support............ 

XRP / DollarBitfinex

Description

If you missed the train of Ripple you can get it again but now it is on a strong support zone and preparing for an another small jump near the high of this recent rally if you didn't sell at the high you can get a second chance of selling at the near high of this recent rally. Then another dump will happen again and the price of ripple will fall to almost 0.3307$ and may even lower than that.

Currently on the 4 Hour Chart Ripple stopped at EMA ribbon first, secondly 0.45410$ is the low of 2018 1st week of April working as support and 50 EMA is there.

Now you can take short term trade decision by seeing the 1 Hour Chart.

Main key level to watch - 0.455$ if break and close below it the we may not an another jump price will fall vertically.
Resistance - 0.48$

If you are on any open position and trade your stop loss should be below the main support level 0.4510$

See the 1 Hour Chart Below.

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1 Hour Chart

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See how exactly XRP hit our first target.

Trade closed: target reached

Our 3rd target reached exactly at my pointed Target. Trade Closed
Comments
Salmin
If BTC go down XRP will go down too. Don't you think?
Costina
@Salmin, Agree with you, but I think BTC starting uptrend.
Salmin
@Costina, Hope so ;)
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