Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: XRP/USD Daily Outlook

  • Major support 0.4900 (233- day MA).
     
  • Ripple is consolidating after hitting low of 0.56270 level. The pair jumped till 0.8250 yesterday and is currently trading around 0.75570.
     
  • Last hopes for bull’s to come back into action is 0.4900 level. Any violation below confirms death of ripple and it can be decline further sharply. The pair’s major resistance is around 0.8820 (55- 4H EMA) and any violation above will take the pair till 0.9800 (trend line joining 1.74 and 1.3890)/1.0270/1.0870 (100- 4H MA). Short term bullishness can be seen above 1.72-1.75. Short term bullishness only above 2.25.
     
  • The support is at 0.490 major last one for bulls. Any violation below will drag the pair till 0.25/0.15 level.

It is good to buy on dips around 0.700 with SL around 0.57 for the TP of 1/1.0270.  

 

 

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 23 12:00 UTC Released

BRMonth CPI YY

Actual

2.7 %

Forecast

2.81 %

Previous

2.8 %

May 23 12:00 UTC Released

BRMonth CPI

Actual

0.14 %

Forecast

0.25 %

Previous

0.21 %

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 173876173876m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 173876173876m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162056162056m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.