Solid News

XRPUSD, Technical Analysis

9/14/2022 1:28 PM

The XRP coin moves within a corrective sideways channel at 0.3364, reversing downwards.

XRP/USD, H4

On the four-hour chart, the key support is 0.3130. After its breakdown, the decline may reach the year's low of 0.2873. The technical indicators have already fully reversed and issued a sell signal: the Alligator indicator's EMA oscillation range expands downwards, and the histogram of the AO oscillator is actively decreasing in the sell zone.


XRP/USD, D1

On the daily chart of the asset, a local ascending channel is forming with dynamic boundaries 0.3200–0.4200, and the price continues to decline towards the support line at 0.3130. Technical indicators are uncertain and preparing to issue a new sell signal: the Alligator indicator's EMA oscillation range is still quite narrow, and the AO oscillator histogram forms downward bars.


Overall, both charts point to a likely continuation of the decline, with a global target around the all-time low of 0.2873.

Resistance levels: 0.3605, 0.4299. | Support levels: 0.3136, 0.2873.



Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com