XRP did 3 wave corrective move, instead of making impulsive move and breaking out. This is not the short term reversal, expect one more leg down before this takes off.
As we can see is the 4h eliot wave completed and is the whole 4h chart in a consolidation similair with bitcoin 0.24% . As we know it all depends what bitcoins 0.24% is going to do but i already expect a 38.2FIB retracement.
Let me know what you think.
Kind regards
XRPUSD has kept the 0.2500 1D support intact (STOCH = 54.926, STOCHRSI = 76.422, Highs/Lows = 0.000) and continued with sideways consolidation that is about to break the 1W Channel Down (MACD = -0.107, Highs/Lows = -0.0828, B/BP = -0.2150) to the upside. This may create a Triangle on 1D that has the potential to keep the price ranged for the next month. However ...
Currently, Ripple' makes a breakout from the bullish pattern called "Inverted Head & Shoulders"
If we can break the neckline $0.285 then our next resistance would be the round number at $0.3.
Over the weekend Ripple' breaks above the trendline, which is pulled from the 04.07. It got a bounce after we touched the trendline let's call this a retest. The retest ...
XRPUSD
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XRP unlike many other cryptos formed a running flat structure (while most formed an expanded flat structrure) which shows weakness compared to other cryptos.
It presents now with a good opportunity to be short on XRP to around 0,17-0.18$
Ripple remains bearish as the price is still within the 1D Channel Down (MACD = -0.012, ROC = -0.838) having extended a sideways movement to a Lower High as the 0.35277 Resistance is still too strong to break. Technically, on such neutral technicals (RSI = 46.029, STOCH = 51.208, Williams = -52.575, Highs/Lows = 0.0000) we expect to continue this consolidation ...
Ripple(XRP) corrected 92.43% from its all time high 3.300$ at Bitfinex and still not showing momentum, I don't hate ripple but XRP is a shitcoin for now, not worth investing in ripple till it start showing momentum,
in future if price bounce back a little 26 EMA will work as resistance on the daily chart.
if it successfully make a continuous 3 green candle ...
Ripple has resumed the downtrend after it was rejected on the 0.3528 Lower High of the 1W Channel Down (RSI = 36.719, Highs/Lows = -0.1054, MACD = -0.104, B/BP = -0.2405). 1D is on a stable Channel Down (MACD = -0.024, Highs/Lows = -0.0313) and on a slow pace (B/BP = -0.0509) should extend the losses on XRPUSD. Technically the next Lower Low for 1W is on the ...
XRPUSD has approached the 0.35277 limitation of the 1D Channel Down and the neutral RSI = 48.112 indicates that this is the most rewarding spot for a short. If however this Lower High barrier breaks, then the Channel Down pattern is void and Ripple will approach the 0.41003 - 0.42412 Resistance zone. In both cases, the commanding 1W trend will remain bearish (MACD ...
Currently, Ripple' trades between the $0.25 and $0.3 levels. The Short-term price structure is still lower highs and lower lows but the chart shows us that it slowly starts to slow down after the drop from $0.35. A first possible support is the August low/the 2018 low and the round number area $0.25. If it finds support from this area then we have also a bullish ...
At the moment we could see that we are on the trendline cross area! The price may go either direction but like You know the market may start to make a little correction! The price is currently between the two round numbers which are $0.3 and $0.4. At the moment, it found a resistance from trendline which is pulled from 04.07 and if the down pressure stays on the ...
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 ...
