I sound like a broken record saying this, but XRP is still on its local downtrend and won't move anywhere in price for the next few weeks.
I thought it'd hold the 0.28 support, but I guess the whales dumped it to 0.26 to accumulate move before it moves up. If you are already invested in XRP, now is a great time to accumulate more.
Looks like the market has bottomed out with 2 huge hammer candles, if the price goes lower than this 0.26 support I will genuinely be surprised.
As of now, we should just be stable around 0.26 maybe a move up to test the downtrend but nothing huge just yet. Price will stay in between support and the downtrend until September.
There's too much money in XRP for it to go anywhere, it's got MoneyGram partnership as well as banking 80% of India and Southeast Asia. It's running circles on all the other altcoins like Tron and Stellar in terms of widespread adoption and actual use case.
Actually I think your last TA was pretty good. I think Whales are kicking "get rich quick" out of the market before they take it to a much higher price before 4Q liquidity starts the xrapid wheel rolling. Price explosion is coming when it does most will be left behind. Look at everyone panick selling at this level. Weeks ago it was we're going to $1,3 or 10. Now it's "we're going to .15, or .08". Same thing over and over the Market really does amaze me so repetitive and people never learn.
kyer
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@Shani54321, You took the words right out of my mouth, whales are loading up their bags on all the weak hands selling right now. It really is incredible what a few cents in price can do to the sentiment of the market.
HRoark64
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@kyer, off topic and not helpful but I wish we could post GIFs in here. Someone needs to make a whale loading bags animation.
kyer
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@HRoark64, lol that and a weak hands selling animation. That’d be perfect
TheKitchenTrader
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What do you think XRP will be EOM and EOY? Thanks and like the call on long accumulation into a breaking wedge.
kyer
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@GenX9, We should at least break back into the wedge at 0.30, possibly touching that 0.40 level. End of Sept.-Oct. is where its really gonna go crazy.. XRP/BTC breaking out Sept. 16th. EOY we should easily see a new ATH with my prediction being $8.
MonetaryRebel
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Nice work! You were right. That last hammer was the wave 5 impulse and now I’d say we’re going back up to at least $0.40
patrickfx
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Nice job! 10% up
Iravenchem
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Technical analysis is a tool to analyse crowd behaviour in markets. It can not be used to predict the behaviour of a manipulated market. What's more, technical analysis is an illusion - for every buy signal that works, I can show you one that doesn't work. A new indicator might work in secret for a while, but then it gets published, and it stops working. If this stuff worked, we can all get rich making money off each other. Hooray! It's a zero sum game, people.