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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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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