On my 21st of August XRP analysis, I said that after the drop-back under old resistance, which should have provided support, the coin is not looking good at all and the more likely scenario is a down continuation to 0.4 next support.
The coin, as expected, tested the old resistance from 0.55 and dropped again.
Now, we are in a small correction from the recent...
Looks like it will be slicing through Sup and resistance!
Might be looking at a dead cat bounce first before heading to retest .85 Zone!
- Broke trend downward
- MacD is going into red on the hourly
- Under Ichi
We see the trend lines bearish and bullish one, now are retesting the top red trend which if it can retest successfully ( which I don't think so ) we expect struggling to pass double trend (the yellow one ) and after passing that area I expect very strong Bullish movement, For now, my idea is bearish for this coin!
Might consider the longevity and relationships in works for Ripple and since no ties to XRP but as utility, this is what we see
Time to short this puppy!
BNM
--Not financial advice to buy or sell any specific crypto.
This Ripple token, named XRP is a crazy little thing, developed by some pretty interesting people, networking with little ties to actual Ripple, but certainly has utility from some of the biggest world money transmitters. Hard to write this off as a scam at this point.
-Get in or GTFO, leave the real earnings to those who trust in faith and vision of what they...
Hello everyone and thanks for taking the time to view this chart.
I just wanted to warn everyone that there is a possible big dump coming...maybe today. I suspect 18 cents but could go to 15 cents. The pattern on the chart and the low RSI, Stoch and Cloud etc says it all. Not to mention similar patterns in XRP history.
This article you will want to read...
Hello Friends
As you can see on this chart, XRP isn't going anywhere but further down. According to this pattern and similar patterns you can find here looking backwards, this is a bearish triangle. Yet it could prove us wrong.
If it does turn around we would need to see XRP make a move towards the Ichimoku Cloud. That would be a risky early buy but nothing...
XRPUSD to repeat last year Triangle with 1400% possible gain?
1)Last year triangle started from July2017 to Dec2017.
2) XRPUSD broke the triangle and went from .25 to 3.5, which is 1400% profit
3) It seems that XRPUSD is on the verge of repeating the same scenario. If that holds, we could see XRPUSD at ~6.2-6.5 EARLY 2019
No trade is guaranteed at 100%, it is...
