Ripple Technical Analysis

Ripple Technical Analysis
Ripple Technical Analysis

Dear friends, here is the investment information, comments and evaluations Not in the scope of Investment Consultancy . The analyzes and evaluations I have made are based on technical data. (Analysis date: 04.03.2018)

This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)

Ripple Technical Analysis

I can say that the XRP is literally a week behind. It was the first time in XRP that we had such a calm week after ten weeks of going through the chart. At the beginning of the week $ 0.89 XRP during the week $ -0.94 $ 0.88 price range. Week closing is the highest level of the week $ 0.94 . On a weekly basis 5% it was worth it. Let’s examine and evaluate the technical situations that occur during the week.

In the XRP we see the most stable chart of the last weeks. Next week FIBO 0.236 (0.93 $) , the XRP seems to have retreated to its initial price levels, although it failed to achieve this resistance in the middle of the week. The price movement continued below this level throughout the week. But if we look at the last day of the week FIBO 0.236 (0.93 $) We see that the level is broken up. Let me evaluate it in the light of these developments.

With the movement of the XRP this week, there has not been any change in the medium and long term image, but I can say that it is very important in terms of recovering the power. FIBO 0.236 (0.93 $) level was also a strong region as resistance and support. On the last day of the week we see that this level is broken up. Staying on this level will be very positive for future movements. If the ascension movement continues $ 1.19 there is an intermediate resistance at the level. On this resistance FIBO 0.382 (1.38 $) level must be in our lead as resistance. The upward direction of the RSI indicator has supported the upward direction. The value of RSI 46 it seems that the purchases are not over. It is appropriate to follow the RSI increase at this stage. If it is already FIBO 0.236 (0.93 $) level was the first support level. If sales pressure is generated below this level to the trendiest future will come as we do not have the next support.

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