empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

03.05.202317:53 Forex Analysis & Reviews: Ripple to exit its range soon?

The price of Ripple extended its downside movement and now is trading at 0.4520 at the time of writing. In the short term, the price action developed a range formation, so only escaping from this pattern should bring new opportunities.

In the last 24 hours, Ripple is down by 2.28% and by 5.20% in the last 7 days. Bitcoin's drop forced the altcoin to drop as well.

XRP/USD Strong Downside Pressure!

Exchange Rates 03.05.2023 analysis

As you can see on the H4 chart, the rate failed to take out the 0.4790 and now it has turned to the downside. Still, it's trapped between 0.4790 and 0.4402. It remains to see how it reacts after reaching 0.4402.

Its failure to stay within the ascending pitchfork's body (above the lower median line) signaled strong sellers.

XRP/USD Forecast!

Dropping and closing below 0.4402 activates further drop and is seen as a new selling signal.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.