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06.04.202110:16 Forex Analysis & Reviews: Technical analysis of Ripple for April 6, 2021

Exchange Rates 06.04.2021 analysis

Ripple has rallied nicely through resistance at 0.60 and more importantly through resistance at 0.7644 calling for much more upside pressure in the weeks to come towards the 1.40 target and possibly alot higher, but for now the main attraction is the 1.40 target.

Before pushing higher towards 1.40 a back-test of the former key-resistance at 0.7644 could be seen, but is not a must.

Trading recommendation:

Buy near 0.7644 is possible for a strong rally higher towards 1.40

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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