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30.06.202218:41 Forex Analysis & Reviews: Trading plan for Ripple on June 30, 2022

Exchange Rates 30.06.2022 analysis

Technical outlook:

Ripple dropped through the $0.30500 lows intraday on Thursday before finding support and pulling back. The crypto is seen to be trading at around $0.31500 at this point in writing and is expected to resume higher towards $0.44800 at least in the next few trading sessions. Bulls need to hold prices above the $0.28700 interim support to keep the structure intact.

Ripple has carved a larger degree corrective drop between $1.91600 and $0.28700 in the past several months. The above zigzag might have been complete and it could be the first wave of a much deeper correction below $0.28700 in the coming months. Ideally, a corrective rally should unfold towards $0.92750 at least before the next leg resumes lower.

Ripple has also carved a lower degree upswing between $0.28700 and $0.38700 in the past few trading sessions as the first step towards the proposed corrective rally. Furthermore, prices have also retraced towards $0.30500, which is close to the Fibonacci 0.786 level of the above upswing. The high probability remains for a bullish turn from here.

Trading plan:

Potential rally towards $0.44800 against $0.28700

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2022
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  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • فيراري من إنستافوركس
    قم بتعبئة حسابك بمبلغ لا يقل عن 1000 دولار
    انضم إلى المسابقة واربح فيراري
    إف8 تريبوتو
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع مبلغ 3000 دولار في حسابك واربح 1000 دولار
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص
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