According to the trend line and the resistance zone, we expect the price to drop after approaching this zones. If the trend line breaks, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
The ranges of 0.3036 to 0.2882, 0.2395 to 0.2249 and 0.19027 to 0.1756 are PRZs that have the potential to end the downtrend and are suitable for momentary buying in this range.
Analysis
Seriously why are you selling? I was expecting this move you can heck out my previous analysis about it, I'm buying here a lot. Just stay calm and wait for weekly signal if u want to risk low Good luck.
Previous Analysis
Leave your questions on comment
Ripple is enclosed in a triangle
Today, buyers tried to break the triangle upwards, but the long wick on the candle shows the defense of the market bears.
If the upward triangle is broken, the buyers' targets will be 1.96 and 2.30.
If the XRP breaks the EMA20 downward then price may drop to SMA50 at $0.56. I believe the XRP will break above $1.46 and then price may rally to the $1.55 and finally $1.96.
If the price turns down from EMA20 at $1.21 we can expect to watch the fall to SMA50. Alternatively, if the bulls push the price above the 20-day EMA, the XRP/USDT pair could rise to $1.46.
XRP has formed a bullflag, this follows in conjunction with my xrpusd trend reset idea that i made a month or so ago, i will link. Possible upsides include the poo fib EMA possibly could even go higher looks like a pretty agressive bullflag.
Not insignificant resistance: daily cloud, as well as daily 50ma and 200ma directing price downward.
Current up channel dates back to 2017. Down channel from the ATH.
-Like Bitcoin Xrp is very reactive with Fibonacci levels
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin
I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this...
