Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
There is a big bearish divergence by the RSI, which recently pushed the price to $0.25-0.26 . The price recovered afterwards and even updated the top. This divergence continues, which again can lead the price to the support zone, between the two support lines.
But locally, we also see a bullish divergence, which can lead to a breakout the triangle and reach the local zone of resistance, between two lines of resistance.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview XRP/USD.
There is a big bearish divergence by the RSI, which recently pushed the price to $0.25-0.26 . The price recovered afterwards and even updated the top. This divergence continues, which again can lead the price to the support zone, between the two support lines.
But locally, we also see a bullish divergence, which can lead to a breakout the triangle and reach the local zone of resistance, between two lines of resistance.
- The resistance zone ~ $0.327
- The local resistance zone ~ $0.305-0.31
- The support zone ~ $0.275
- The local support zone ~ $0.288
- By breakout the main resistance zone we can set the target of $0.375 .
- By breakout the support zone we can wait for further decline to $0.24 .
- Market Cap
$12 628 241 217 USD
- Volume (24h)
$1 403 682 031 USD
- Circulating Supply
43 248 091 671 XRP
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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