Baxia Markets
September 19, 2021

Ripple is consolidating at $1.07.

technical analysis top header -01
The cryptocurrency took a big hit on September 7th; it lost more than 20% in a single trading session. The price has a strong correction and is now looking like a consolidation around the 1.07 levels. The pair recently broke two support levels and is fighting to stay above the 38.2% Fibonacci retracement. We could say there is market uncertainty as to the price trades inside the Ichimoku cloud; however, the cloud indicates an uptrend, and the price could be exiting it very soon.


Ripple Sept 16th 2021

The Bollinger Bands are opening up, indicating higher volatility. We could see a big move after the price consolidation at the 1.07 levels. The short and long-term moving averages are about to cross, suggesting a downtrend; we are getting mixed signals from our indicators that suggest strong movements in the upcoming days.

The relative strength is at 47%, which will give the price the ability to move in either direction; the RSI has been steady at that level for the last 12 days.

Our parabolic SAR suggests that the downtrend will continue in the short term.


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