Ripple closed above the Moving Average (MA) on February 7, which could signal the end of its downtrend. Market bears again tried to push prices down, but cows prevented this with more purchases.
A price recovery of the range of 0.75 cents occurred in the Ripple chart, after which the cows are trying to push the price back to the $1 range, which is significant resistance for Ripple.
If the cows manage to break this $ 1 resistance range and record a price above $ 1, we can expect the price to rise to around $ 1.41.
Ripple is currently closed above the Moving Average Index (MA), and the RSI is in the positive range, indicating that buyers have the upper hand in the current Ripple trend.
Of course, if the cows are tired and can not continue to raise prices, Ripple's price will be closed below 0.75 cents. Heavy bear sales are likely to resume, pushing prices down to support levels.
A price recovery of the range of 0.75 cents occurred in the Ripple chart, after which the cows are trying to push the price back to the $1 range, which is significant resistance for Ripple.
If the cows manage to break this $ 1 resistance range and record a price above $ 1, we can expect the price to rise to around $ 1.41.
Ripple is currently closed above the Moving Average Index (MA), and the RSI is in the positive range, indicating that buyers have the upper hand in the current Ripple trend.
Of course, if the cows are tired and can not continue to raise prices, Ripple's price will be closed below 0.75 cents. Heavy bear sales are likely to resume, pushing prices down to support levels.
Nota
As I expected, on a weekly timeframe, it is supported in the range of 55 cents, and we can expect to climb to 94 cents and $ 1.2 in the medium term. If the weekly candle that closes in the next four days is above 75 cents, we can enter.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.