The Ripple (XRP) this morning of the American session is retreating from its new highs at $1.96, after having found resistance at Murray’s 5/8, supported by the eagle indicator that showed an overbought signal.

Ripple XRP is a global settlement network that uses blockchain and distributed ledger technology. Ripple has great potential and could soon rival bitcoin.

The purpose that Ripple seeks to achieve is the speed and frictionlessness of sending money globally using the power of the blockchain.

The Ripple has also been adopted by various banks such as BBVA, the Royal Bank Of Canada, the Bank of America, and Standard Chartered. In fact, some rumors about Ripple indicate that it could have the potential to revolutionize the financial services sector.

In view of the Advantages of Ripple, without a doubt, we see its great potential, and it would be time to buy this currency in the medium term, because by the end of the year it is expected to reach the level of $10 x Ripple.

On the technical level, XRP is above the 21 SMA, which is a sign that there could be a strong bullish movement for the next few days.

At the level of $1.5625, the pivot of 4/8 Murray is located, if the Ripple remains above this level we hope that it will gradually appreciate, and reach $2.34, which is its short-term objective.

Our recommendation is to buy Ripple at current levels and hold the position for the long term.

Support And Resistance Levels For April 14 – 15, 2021

Resistance (1) 2.0141

Resistance (2) 2.2059

Resistance (3) 2.5292

Support (1) 1.4990

Support (2) 1.1757

Support (3) 0.9839

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.