empty
 
 
26.07.2023 07:54 PM
Ripple: bullish pattern activated

The price of Ripple dropped in the short term as BTC/USD crashed. Now, it has escaped from a bullish pattern and it seems determined to develop a new leg higher. Still, strong confirmation is needed. It's trading at 0.7007 at the time of writing.

In the last 24 hours, XRP/USD is up by 0.51% but it's down by 13.08% in the last 7 days. After its massive sell-off, the price action signaled a potential leg higher.

XRP/USD 0.7151 Immediate Resistance!

This image is no longer relevant

As you can see on the H4 chart, the price dropped within a down channel. Now, it has escaped from this pattern signaling that the sell-off ended. Technically, the 0.6673 former low and the weekly S1 (0.6820) represent strong downside obstacles.

Consolidating above these support levels should bring more buyers. Still, the immediate high of 0.7151 stands as a static resistance.

XRP/USD Outlook!

A valid breakout through 0.7151 validates further growth in the short term.

Ringkasan
Segera
Analitic
Ralph Shedler
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget