XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92.
The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access.
Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has...
XRP / USD TA FRACTAL
Sometimes it is as simple as this. If this fractal comes to fruition or is close to it, we would be looking at around $10 target for September (first half of October) moving towards $18 - $50 in Q4 of 2021
Market in the last 24hrs
The price touched the upper Bollinger band and accepted it as a resistance line and now can be seen moving in downward momentum towards the bottom Bollinger band. Trading volume has been high in the last 24 hours but is on the lower side of the spectrum when compared to last week.
Today’s Trend analysis
The recent tick is suggesting that...
A trend line has formed on the Ripple chart. The price has tested the trend line 3 times before that. The 4th time the resistance has broken and if the price now tests this trendline as support it would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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XRP / USD TA
We are currently riding this downward wedge which previously resulted in a bullish trend follow-up.
According to statistics, this kind of pattern usually results in a 79% likelihood for bullish breakout vs 21% of times when it broke down.
The uptrend line should not be broken
If the trend line breaks, we will enter a downtrend
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I think it is a good time to buy and the transaction risk is low
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GOOD LUCK
Similar to our BTC short, for XRP our AI thinks a bearish wedge broke down.
The price will continue to fall to the bottom of the wedge .
Or retest the outer wedge trendline and fall to the bottom.
Don't forget to trail your profit!
If I want to liken Ripple to a human, he is a mysterious spy 🕵️♂️ who has a great mission :)
Logically and technically, the target is $ 8 .
But this is Ripple!
And if it reaches to $ 125, I'm not surprised.
Anyway, I'll buy XRP now and sell it between December 20 and January 31 for either $ 8 or $ 125 🤷♂️
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'' See the analysis of others, but...
Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
the FXPROFESSOR
I use three trend analysis systems here...
SYSTEM #1: EMAS (8-21-89)
- On the weekly timeframe the short-term averages have crossed up
- XRP has also spent time on the lows, sucking in the RSI to the 50 level and holding... building up pressure to attack the highs
SYSTEM #2:...
Market in the last 24hrs
The price saw a major downtrend in the last 24 hours with the price continuously rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours and can be seen increasing with a decrease in price suggesting a strong bearish momentum.
Today’s Trend analysis
The price is expected to continue to move...
Bitcoin has cheated the whole market and the price has now corrected by 5%. As all altcoins correlate to bitcoin, most coins have fallen in price by 5 - 10%. Ripple has also corrected by more than 5%. The price is now near an important support zone.
But we do not see a good reaction and buying strength. If the price breaks this area, it is very likely that the...
Hi Traders,
We are looking at the 4 hour chart.
As we can see, two massive cup and handle's have formed .
Furthermore, it looks like a mac-d cross is imminent
Good news concerning ripple's law suit could jump start the price.
This is not financial advice, I am not a financial advisor.
Enjoy
