16.09.202117:22 Forex Analysis & Reviews: Trading Signal for Ripple, XRP, for September 16 - 17, 2021: Sell below $ 1,1640 (SMA 21)

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

On the daily chart, Ripple (XRP) is below the SMA of 21. Since July 21, it had received support at the SMA of 21 which led it to rise to the high of 1.4124, but on July 07 September it fell below this moving average and is now consolidating below this level showing a bearish bias.

This SMA of 21 is gradually descending. Now the price is at 1.1640 showing strong bearish pressure for Ripple below this level. If the bearish force increases, Ripple could fall to the support of the EMA of 200 at 0.8480 in the short term.

A rising wedge pattern could be in progress. A break below this technical figure could step up selling pressure. If the XRP price consolidates below 1.06, it could fall to the psychological level of 1.00 and up to the low of September 7 at 0.95 (5/8 murray).

Contrary to this, if the bulls push and hold the price above the 21 EMA and it consolidates above 1.1640, it will indicate that the correction could be over and Ripple may rise to the 1.3672 level, if the bullish force prevails up to the line of 8/8 murray located at 1.5625.

The technical reading of the eagle indicator on the daily chart is showing a bearish signal. So, while XRP is below the SMA of 21, it will be a good opportunity to sell.

Support and Resistance Levels for September 16 - 17, 2021

Resistance (3) 1,2017

Resistance (2) 1,1647

Resistance (1) 1,1398

----------------------------

Support (1) 1,0779

Support (2) 1,0409

Support (3) 1,0160

***********************************************************

Trading tip for RIPPLE for September 16 - 17, 2021

Sell below 1,1640 (SMA 21), with take profit at 0,9796 (5/8) and 0,8480 (EMA 200), stop loss above 1,2017.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.