Hey! I am back with another Technical Analysis, this time looking again at Ripple and bringing back the "updates" concept, as I have now more time do what I love to do.
The more likes, the more updates!
In my previous TA on Ripple, I was expecting Ripple to find support at 7865 with a wick or at 7615 with a possible bounce, which was on point!
hwww.tradingview.com/...ew-Higher-High-soon/
Two days ago, I have posted into my private group Ripple chart with a pennant that has occured with expected breakout, which hit my exact ressistance target of 8300.
Good, good for Ripple, lets look at some points.
Ripple is respecting uptrend
Healthy MACD cycles with intersects above neutral zone.
RSI demand after rally finds demand slightly higher than 40, good sign.
RSI finding support few times at same level is also a good sign.
Overall candles looks good!
Ripple is able to move somehow Independent from Bitcoin, but still likes when Bitcoin gives him some certainity.
Conclusion.
Ripple will test 8525 key ressistance level anytime soon.
If this level can be succesfuly broken and found support on it, Ripple can continue rise.
If the test wont be succesful, it will find support and at uptrend and go for it again.
And if Ripple breaks November uptrend, I will post another Technical analysis soon, hard to tell now, but I think its more likely to break the 8525 level.
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
The more likes, the more updates!
In my previous TA on Ripple, I was expecting Ripple to find support at 7865 with a wick or at 7615 with a possible bounce, which was on point!
hwww.tradingview.com/...ew-Higher-High-soon/
Two days ago, I have posted into my private group Ripple chart with a pennant that has occured with expected breakout, which hit my exact ressistance target of 8300.
Good, good for Ripple, lets look at some points.
Ripple is respecting uptrend
Healthy MACD cycles with intersects above neutral zone.
RSI demand after rally finds demand slightly higher than 40, good sign.
RSI finding support few times at same level is also a good sign.
Overall candles looks good!
Ripple is able to move somehow Independent from Bitcoin, but still likes when Bitcoin gives him some certainity.
Conclusion.
Ripple will test 8525 key ressistance level anytime soon.
If this level can be succesfuly broken and found support on it, Ripple can continue rise.
If the test wont be succesful, it will find support and at uptrend and go for it again.
And if Ripple breaks November uptrend, I will post another Technical analysis soon, hard to tell now, but I think its more likely to break the 8525 level.
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
Comment:
Ripple 30 min update, MACD testing uptrend, RSI testing uptrend, succesful uptrend test of uptrend would mean Ripple can stay in this Price channel and continue uptrending. Break of uptrend would mean likely retest of 8050.
Comment:
Ripple 5 min update, setting up for a healthy Pullback.
Comment:
Ripple 30 min update, Performed triple top rsi, and double top in candles (8283) sharp uptrend in price channel was broken as Ripple coudlnt get back into this channel and found uptrend a ressistance, so a quick sharp support test happened, 8050 got broken and Ripple found support at November uptrend line. RSI seen some bounce but its not enough to tell if Ripple can maintain on this uptrend. Ripple has to break 8050 to give us a sign of bullish life.
Comment:
12h RSI suggests that Ripple may found some support.
Comment:
Ripple, 30 min. As I mentioned in my last update, Ripple had to break 8050 level in order to see some bullish life yesterday. It got past the ressitance few times, but no full candle close, Ripple would break 8050 level if Bitcoin havent seen a bearish impulsive move, this just shows that Ripple is still attached to Bitcoin, so dont think Ripple can go whenever he wants for now. Uptrend macd test was unsuccesful and and uptrend got broken but luckily, Ripple found the same support at 7865 which is at least some good sign. Currently MACD is going for downtrend test and trying to break downtrend line. RSI shows slight uptrend
Comment:
Seems like Ripple doesnt care that much about Bitcoin dipping.
