VARZAR_INVESTMENT
Long

Trading plan: XRPUSD (Ripple)

KRAKEN:XRPUSD   XRP / U.S. Dollar
Current situation:
The rate of Ripple is in consolidation for almost a week. In our opinion, its growth from support levels will begin soon.
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 growth of Ripple rate from the level of $ 0.42 to $ 0.50.
Comment: Trend Analysis: XRP / USD (Ripple)
Ripple's quotation is still dominated by bears. The price of XRP / USD is traded in a descending channel with a resistance level of $0.45 and support of $0.20.

Current situation:
Today, the Ripple quotation shows growth, the price broke through the resistance level in the consolidation zone of $0.43- $0.44. At the moment the Ripple price has a great chance to overcome the level of $0.45 and grow to the previously announced target in the $0.48- $0.51 zone.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels:

$ 0.45;
$ 0.48;
$ 0.51.

Support levels:

$ 0.43;
$ 0.42;
$ 0.38.

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

Comments

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