XRP: Descending Triangle
Ripple (XRP) technical analysis:
Trade setup: Price was rejected at $0.55 resistance again and is consolidating in a Descending Triangle, with $0.45 as triangle support level. We wait for a breakout. Bullish breakout could see the price revisit $0.55 while a bearish breakout below $0.45 could signal bearish reversal to downtrend with downside risk to $0.40 next.
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.
Trade setup: Price was rejected at $0.55 resistance again and is consolidating in a Descending Triangle, with $0.45 as triangle support level. We wait for a breakout. Bullish breakout could see the price revisit $0.55 while a bearish breakout below $0.45 could signal bearish reversal to downtrend with downside risk to $0.40 next.
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.45 (previous resistance), then $0.40. The nearest Resistance Zone is $0.55, then $0.60.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.