Technical analysis of Ripple for March 30, 2021

Name: r-t-300321.jpg Views: 13 Size: 57.3 KB

Ripple has broken out of the triangle consolidation towards the upside as expected. We still need a break above resistance at 0.6000 to confirm the triangle completion and the continuation higher to key-resistance at 0.7644 and a break above here will open up the upside for a continuation towards resistance at 1.5000.

Support is now seen at 0.5336 which should be able to protect the downside.


Trading recommendation:
Buy Ripple here and place you stop at 0.5330.




Name: s_melsted.png Views: 14 Size: 5.3 KB
Torben Melsted
Analytical expert
InstaForex Group © 2007-2021