The price action on XRP has created a new short term 4H Channel Down that is now that is now testing the 0.4600 Resistance. Even if that breaks, the 1D Channel Down (RSI = 42.708, MACD = -0.026, B/BP = -0.0074) applies significant selling pressure near 0.48909, so a bearish continuation for Ripple is the most likely outcome at this stage. TP intact: 0.4100 and ...
It looks like XRP bottomed out at .42 - we seem to be recovering.
A reversal seems to be in play for BTC which should bode well for the price of Ripple.
We should see a turnaround to at least the .48 range before we see any correction.
Once we hit .48 we will probably band sideways before we start testing the higher limits of the .50
Hold if you have -buy if ...
Technical analysis:
. RIPPLE/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of ...
I remember a few month prior to Ripple XRP rocket launched, we were at just $0.21 and slowly moving up - down. We speculated $1 by 2018 and everyone was excited about it. Now we see that $2.90 was nothing for this monster and after doing some thorough analysis we came up with a very possible outcome for Ripple XRP long term.
THIS IS A LOW RISK INVESTMENT FOR THE ...
I predicted a drop down to .43 which we've hit for a second time in less than two weeks.
Ripple seems to be following BTC much like the other ALT coins. This is regardless of any positive news - its not a reflection of the Ripple project.
Cryptocurrency unlike stocks do not trade on a price to earning basis so valuation. Ripple is difficult to evaluate with ...
Hi, XRP will do one more drop to 0.458/0.468 then will get a breakout of the downtrend line, targets 0.59/0.61 buy with confidence this will be a +32% trade. good luck
If I take a MULTICOIN approach there are a lot of trend line that are at -20% from now. To validate this idea, Bitcoin have to break down at 6000. (I see as really improbable that ripple will go further down if bitcoin beginn to grow again).
for that you can refer at the MULTICOIN approach with reevaluation of the situation at each time.
actually we are still ...
Technical analysis:
.RIPPLE/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. Price is in the Support zone (0.450 to 0.320), ...
Hello Traders!
Accurately predict, that correction phase soon should be over. Present time we see the end part of corrective X wave formation.
Suppose, price near the powerful bulls impulse!
Becare yourself.
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market ...
Now in the market there is a rollback after a long-running down trend. But are there any facts that can show us that further will be a strong upward movement? Especially, Ripple is relatively weak with respect to other coins.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for ...
XRP has been a bargain at current levels relative to how it normally trades.
We have been in a bear cycle for some time and it now seems like we are building to break out of it.
In today's trading I expect to hit a low around .45 before we begin building again and challenge some of the other resistance in the .50 range.
This weekend should bring us to .50 but ...
This is a low risk trade.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
The Ripple has fallen from the upper limit of the trend channel to the lower limit within 8 Weeks (aprox). It has tested it, rebounded, climbed up to the second negative trend line (fine line), rebounded again and is now on its way for the further test of the limit (probably 0.40$).
If the test will be positive then Ripple could rally to the upper limit of the ...
Hey guys. I'm back with another TA, this time on Ripple! Looking at the 4 hour chart, we can see that XRP has been forming a falling wedge pattern since its highs back in May. Time fibs show that another move may be upon us as we reach the apex of that wedge, signaling a strong move on the 12th of July. Looking at the RSI, we can see that XRP has been showing ...
The 1H Rectangle broke but after the 4H Channel Down was broken (formation break out), XRPUSD the downtrend was swiftly resumed. 4H extends its consolidation on neutral RSI = 50.090, CCI = 24.4569, Highs/Lows = 0.000 and is limited to a maximum possible extension on the 1D Channel Down (blue dotted lines on RSI = 42.063, MACD = -0.021, B/BP = -0.0114) at 0.52000. ...
Hey Everyone,
Happy Monday, and for some it is, as we have seen a bit on green overnight with BTC and a few dollars in XRP here, but is it enough to reverse the current bear market?
In my opinion, NO.
The latest 5 wave impulse has corrected beyond the 100% mark throwing the pattern into an extended correction,(WXYXZ) the only question now is how low are we ...
Ripple has tested the lower limit of the negative trend channel. On that support it rebounded and is since then climbing.
With the better sentiment of the market it should now rise upt to the upper limit of the trend channel.
On the way up it has to cross a descending trend line (resistance). This will take some time possibly.
RSI confirms the new trend - it has ...
I am a writer and full-time entrepreneur in addition to trading crypto. One of the benefits in following a market that never closes - is that huge chunks of time in between trades are mine to do what I want with. Many of my businesses require the occasional bout of "hands on" management - usually this doesn't take a lot of time and I am able to focus on both ...
