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XRP Technical Analysis Ripple has fallen 20% over the past seven days. Although the future prospects of Ripple are very good, a better investment strategy in the short term is: sell after the rebound. Weekly chart  After a long buildup of a month, stochastic buy signals occurred on this time frame. Although statistics show that Ripple is down 20% in the past seven days, we prefer to stick with the long-term bullish view and the current price drop is only temporary. Ripple is expected to rise by more than $1 after the bear market passes. The current downside target is 45 cents. This would correct the overestimation of its price in January 2018. There is a general bearish trend currently showing on the monthly chart. Daily chart  On the daily chart after May 12, valuations are a little bit lower. After falling 30 cents from the $1 resistance level, which is temporarily net bearish, the price may recover to 85 cents in the coming days. If not, anything below 60 cents would trigger panic selling, meaning the candlestick chart is trending bearish. Anyway, in terms of analysis, the short term is bearish. MACD hourly chart – MACD returns to bear market RSI Hourly – RSI is currently below 50 Main Support – $0.6900 Main pressure level – $0.7500 The content of the article is for reference only You are solely responsible for any investment behavior you make We would like to remind you that there are risks in the currency market and you should be cautious when investing. Please indicate the source when reprinting  Information, Quotes, Reviews Long press the QR code to follow |
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