A Simple Support & Resistance Analysis on Ripple (Weekly Chart)

Ripple (XRP) is currently at its support zone which is between 0.000070 and 0.00008000. The latest candlestick appears on its weekly chart is a hammer candlestick, and this may indicate a reversal for its current downtrend movement. A place order may be placed above the 0.00008000 level, and the target price is the current resistance zone which is between 0.00015500 and 0.00016500. A stop price may be placed below the current support, which is below the 0.000070 level.