Monfex_UK
Long

Profitable Ripple

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.

The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone.
MA100 && MA200 support the bulls.

But if bears will take the price under a previous peak and fix it under the last support line, then we should expect a further decline movement to ~ $0.2501 .

  • The resistance zone ~ $0.31-0.32
  • The local resistance zone ~ $0.304
  • The local support zone ~ $0.283

    Supposed Trade Signal by XRP/USD
  • Buy near $0.28
  • Take profit ~ $0.375
  • Stop loss at $0.27190

  • Market Cap
    $12 630 398 456 USD
  • Volume (24h)
    [b$2 597 021 191 USD
  • Circulating Supply
    43 248 091 671 XRP

Share your thoughts, ideas about the market under the chart.

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GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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