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Ripple's XRP Technical Analysis: XRP/USD tried to break resistance without success.

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April 4, 2019 | 

1180 Views | 

Joanna Newman | 

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Ripple Price Analysis:


Since eight months, XRP/USD has been trying to break the resistance against the US dollar which is where the line of the moving average 200 without success.
As you can see in the graph above, there have been 3 failed attempts in the past and some of the time the Ripple even rose slightly above the moving average 200 but it did not last.
In the past two days the Ripple has made a big rally and almost touched the moving average 200 but it soon fell again (Reinforces our idea of resistance strength).

Technical Indicators


Our recommendation is to buy Ripple as long as we are above the average line moving 100 (above the price $0.3260) which is the purple line in the above graph.

Buy Ripple: $0.3460
Take profit: $0.3724
Take profit 2: $0.4100
Stop Loss: $0.3210
 

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