Today xrpusd show 20% growing after long time down trend
And we break up long term resistance line of the triangle
At this Daily chart we need to go to the middle line of the uptrend channel 56-59 cents area
XRP / USD TA - UPDATED
Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case
1. Why will XRP price rise in value?
XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After...
The XRPUSD (Ripple) bounced from a key demand zone and broke out of a descending trendline. The price has retested the broken trendline that lined up with a minor support level and is moving higher.
HOW FAR WILL IT GO? Elliot Wave has answers for that.
From Elliot wave perspective, starting from the major low at 0.2826, the prices are making a 1-2,...
#XRPUSD (3D Chart)
Technicals Are Bullish..
Accumulate Some At Support Before Breakout..
Last Week XRP Was Looking Weak But it's Looking Stable & Strong..
Target Is 0.46$ For Next 15-18 Days..
The Ripple network is an open payment network for digital currency as well as a holding company. Ripple aims to create and enable a global network of...
Hello to all traders, investors and other crypto enthusiasts.
Today I am publishing an analysis of the ripple/dollar. From the Polonex exchange because here we can see a long history of the movement of the coin.
If we talk about the chart, we can see a repeating yellow triangle that will be broken by a huge green candlestick up.
First fibonacci level at the...
Currently, the price is on the pretty strong resistance area (orange lines) and soon there is also an important trendline which should act as a resistance level. If you are a short-term or mid-term trader and if you want to buy it right now, then I have to say - do buy it on the tip and do buy it near the strong resistance is definitely a mistake, we need to wait...
XRPUSD made a small breakout supported by great volume of the yellow trend line.
Now retesting the red support line (RSI getting more oversold).
This support line needs to hold, if this line breaks we probably will see lower lows.
After retest there is a chance we will see an attempt to break the purple trendline.
When there is a full breakout above the cloud we...
XRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful...
The RIPPLE "XRPUSD" daily chart above shows that the rally that started August 2018 from the major low at $0.24694 area took the shape of Elliot Wave five-wave impulse structure labeled (1)-(5). According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulsive move.
In Ripple's case, the corrective wave...
4H CHART EXPLANATION:
- Price bounced on the Major Support Zone and broke the Descending Trendline.
- It is, now, at a Support Level.
- We expect price to build a Bullish Corrective Structure around this zone and, then, go up.
- If price breaks the Descending Trendline at 0,486, it has potential to move up towards the Resistance Zone at 0,75.
We are looking for...
One of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D
This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins.
And if you set your alts vs. btc instead of alts vs. USD, the correlation...