VARZAR_INVESTMENT
Long

Trading plan: XRPUSD (Ripple)

KRAKEN:XRPUSD   XRP / U.S. Dollar
Current situation:
The Ripple rate broke through the upper boundary of the descending channel . We believe that the Ripple rate can grow from the support levels to the sales zone: $ 0.54 - $ 0.50.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$0,64;
$0,54;
$0,50;
$0,46.
Support levels:
$0,42;
$0,40.
Forecast:
The Ripple rate growth from the level of $ 0.42 to $ 0.50.

Comment: Trend analysis: XRP / USD (Ripple)
Ripple quotation is in a downtrend.

Current situation:
Today the price of Ripple continues its growth, the quotation broke through the resistance level in the downtrend at $0.45 and fixed higher. We forecast the continuation of the XRP / USD price growth to the level of $0.51.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels:
1) $0.48;
2) $0.51;
3) $0.54.

Support levels:
1) $0.46;
2) $0.45;
3) $0.43;
4) $0.42;
5) $0.38.

Forecast:
The continuation of Ripple quotation growth. Growth from the level of $0.45 with the target in the $0.48- $0.51 zone.

Comments

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