milanjelic
Short

Xrp further deflation over US dollar XRP/BTC further drop points

BINANCE:XRPUSDT   XRP / TetherUS
Hi guys.

Welcome to XRP analysis update.

If you liked an idea or if helped you save your money, please press like button.

I will be brief, because there is not to much to add about it as everything happened as on analysis posted on October.5h.

These are some interesting facts :

* Marketcap of XRP during past week was worth 21.2 billion US dollars on October 5th when previous TA was posted.
*At the time of posting, XRP price was 0.52 USD.
*In the meantime, XRP already deflated more than 12% since (in 5 days period).
*Current XRP marketcap is 18.5 billion US dollars (compared to previous 21,2) at the October 5. th gives nearly 3 billion nominal loss.
*Current XRP price is 0.463$ with tendency going lower.

IMPORTANT :

XRP is generally bearish .

Daily RSI indicates further downward momentum.
Previous drop levels posted were (0.49 , 0.47. 0.44. 0.41 ...)
0.49$ and 0.47$ are passed (while we had rebound on both of them).
0.44$ remains unchanged as 0.41$ along with new lows.

Most likely we will see further lows on XRP (as per chart decribed).
Don't rush with rebuy (you saw your self, if your would have rebought 5 days ago on XRP, you would lose more than 10% in US dollars.

Thanks for reading.
Good luck


Trade closed: target reached
Your call was at 0.46. It reached .0.38 : 20% call ! Excellent ROI.
+1 Reply
milanjelic harlmington
@harlmington,

Actually,
that call was follo up to previous analysis which first sell call was on .515 cents.


ROI is 29%+ save (as staying in USD) * ROI followed up that dip and buyin on bottom, riding from 44-55 cents= 29% profit * 20% profit= 58% exponential growth in two swings.
+1 Reply
0.364 my target.
For a rebound to 0.52
+1 Reply
milanjelic jonzon21
@jonzon21, Nice target your have there. It's 42% lower than previous call for sell :).
Thank you mate.
+1 Reply
milanjelic jonzon21
@jonzon21, Have you considered lower levels?
+1 Reply
jonzon21 milanjelic
@milanjelic, Certainly not, I rely on the Fibonacci levels and the fractal of LTC (which until now is identical).
And it's at 0.36 where XRP would arrive on this descent ... but I'll be waiting for your call. (In the rebound or fall of 0.36)
0.25 would be much better.
+1 Reply
milanjelic jonzon21
@jonzon21, I would agree about it.
As long presented on log scale, instead of linear, there is much better insight.
Shaky Bitcoin deflated XRP 12% while moving for 200$, with all those shakeoffs.
As said, XRP and XLM are the one who sink most and regain most.
+2 Reply
@jonzon21, BRAVO
+1 Reply
jonzon21 dragankostic
@dragankostic, I think this pump is artificial, thanks to tether ... I think we'll see again 0.39-0.38
Reply
https://pbs.twimg.com/media/DpKbhj6WsAMCo4E.jpg before going there, we will test a couple of resistances and supports :-)
+1 Reply
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