Permanecer 
Condiciones de negociación
Products
Herramientas
Ripple drooped through $0.58000 on Thursday, giving up all its gains received amid the FOMC meeting on Wednesday. The crypto had raised through the $0.65000 mark on Wednesday only to find resistance. It was seen to be trading around the $0.59800 mark at this point in writing and is expected to resume moving higher in the near term.
Ripple had earlier rallied between $0.17000 and $1.80000, carving a meaningful upswing. Since then, it has been in a sideways contracting triangle pattern as presented on the daily chart here. A triangle is a five wave structure which is labelled as a-b-c-d-e. With that respect, price action might have terminated its last wave around the $0.5660 levels.
If the above proposed structure holds well, Ripple would be well under its way to break above the $0.91000 high and triangle resistance. Ideally, prices should not break below $0.50970 interim lows to keep the triangle count intact. Traders might be preparing to initiate fresh long positions from the current levels with risk below $0.50970.
Potential rally through $0.9100 and higher against $0.50970
Good luck!
¡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.
Podemos utilizar cookies para analizar los datos de nuestros visitantes, mejorar nuestro sitio web y medir el rendimiento de la publicidad. En general, estos datos se utilizan para ofrecer una mejor experiencia en el sitio web. Más información.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
