Baxia Markets
July 23, 2021

Ripple continues climbing

technical analysis top header -01

Ripple is on a three-day winning streak with 12.38% gains.


The cryptocurrency has been on an uptrend for the last three sessions, where it has managed to gain more than 12% after getting very close to its support level at $0.51178, which is the previous low from a month ago.

The Bollinger bands are wide, but they are slightly closing up, which could mean less volatility for the pair; the pair trades in between the bands, which indicates that the price is fair. The price is currently below the short-term moving averages, but it is getting very close. If the crypto continues its gains, we could see a trend reversal very soon, but it's too early to tell.


XRPUSD July 22nd

The relative strength index is recovering after entering an oversold status, and the current RSI is at 43%, which will allow the pair to continue climbing in the short term. The moving averages continue indicating a downtrend, but the gap has decreased in the last few sessions, giving hope to the Ripple investors.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email