Forum Forums Ripple (XRP) Forecast – Technical Analysis Ripple (XRP) Technical Analysis – April 2018 Reply To: Ripple (XRP) Technical Analysis – April 2018

#17567
margincall
margincall
Keymaster

Ripple saw some good price action last week as the buyers returned with some impressive volume.

xrpusd forecast 16 April 2018

This buying momentum pushed prices through the $0.60 zone and the sellers started stepping in above $0.70.

The market has corrected somewhat and formed a impressive bullish pennant, even though these formations don’t have a 100% success rate, it is a bullish sign for me.

In these situations I would be prepared for a break to the top or bottom.

Summary:

Support – S1: $0.65 – S2: $0.60 – S3: $0.40 – $0.45

Resistance – R1: $0.70 – R2: $0.82 – R3: $1.00