It seems like XRP is following the trend channels. A %4 price change in the upward direction (in 2H) is expected.
Here is my short term analysis of XRP. It includes two trajectories: the green trajectory and the blue trajectory. Whatever happens, these are the most likely courses that XRP will take. RSI supports upwards movement. The targets and stoploss are mentioned in the chart. If I made you some money, please consider sending me a beer in...
Ripple is rising up again , correction is end ! be ready...
Same set-up as my XRPBTC comparison of a few days ago. Probably the same outcome as this resistance is much greater than the one before. If break on the downside, yellow trendline is the next resistance. After that the next big resistance is around 1$ If break on the upside, we could see the beginning of a new cycle to around 4.2-4.4$
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I believe we will make new all time highs from this level! Trade wisely!
Looks like a good entry point around 1.85$ for long term !
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Can XRP continue a healthy uptrend?
XRP has broken through it's supporting trend line. Broke out of a bearish wedge and looks like it could return to it's more stable upward trend line around 1.70 price area. I am learning as I go and would appreciate any feedback you have. Also, if anyone knows how I post photos or charts into the comments please let me know.
XRP is touching the still intact log trendline. It's adjusted a small amount due to recent price action but still touching on previous up-swings. If this holds and it continues to go up, we could see 4.2$ if the market wills it.
My target box was only missed by a couple of cents. We all knew this was coming. Price action still well inside the log channel. Retrace can go down to 2.4$ action (previous ATH). It didn't dump as hard as some people would've thought/liked. Check the correction on the previous high for a comparison. Keep an eye on the price when it gets to the channel lines. If...
Has issues breaking through all-time high. Sell walls prevent us from crossing over. Flag pattern suggests that we'll see another push past this point, next target would be around 3.3$. If it fails, we might see a retrace to previous lows.
Like the XRPEUR chart it is hitting a fibonacci level with support line near top of downward trend channel, which could(!) lead to an outbreak of downward movement. Be aware.
Adjusted the trend-line from ATH to current situation. Possible target adjusted a bit due to length of previous leg up. Might see a small retrace at that point or a retest of lower blue trend-line. After that we might see a challenge to the ATH and beyond. Purple lines are the log channel. Still healthily inside the log channel as you can see.
Break-out confirmed. First two stops are on the chart. Good indication for huge upswing potential if price action hits these. Volume is picking back up after the holidays. Set your stop and enjoy the ride!