Similar pattern as
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are...
My view of XRPEUR.
Expecting a fast move somewhere between the 13th and the 16th of this month.
With enough volume we'll see a nice upward movement followed by another continuation pattern.
XRP/EUR is trending near a major support line in a ''low risk'' buy zone. With weakness on the btc/eur chart the xrp/eur has a nice entry point to reduce risk with a close exit point below the major support line.
at the moment...
UCS Pring indicator Is in the positive territory
but the volume indicator Is below the critical volume threshold
therefore the volume is too low for an interesting movement
and ADX indicator is unconvincing
because the selling force (red line) is a bit above the purchasing force (green line)
so, sellers are stronger than buyers.
Verdict:...
Recently, ripple has moved to a decision point. there was an downward movement. 0.23 fibo was touched. Fibo 0.14 was already reached end of may. Next important fibo is 0.61. Therefore the situation has changed fundamentally. Here is my new chart. In the long run I see an up. Be patient with ripple. The time will come. ;-)
Let's see what happens. Happy trading. :-)
Recently, ripple has moved to a decision point. I also see a falling wedge as a possibility. However, there could be an upward movement. But do not forget. We must be patient with ripple. ;-)
Let's see what happens. Happy trading. :-)
I expect an end of the consolidation period in a couple of days.
I believe, this applies to all digital main cryptocurrencies.
Ripple is now at the price-fibo (0.5). I think we are at the bottom.
In expectation of the trend-reversal - imo - it will go strong up
(+168% in 24 days at time-fibo 4.618).
Let's see what happens. Happy trading. :-)
It seems like the XRP/EUR curve just broke out a trending resistance level.
With the 20ema crossing the 40ema and the macd behaving bullish, we could say it's a good uptrend signal.
Although there'll probably be a few resistance levels ahead.
Ripple is highly specialized. Not everyone is aware of this.The cryptocurrency/token is one of the fastest. It works behind the scene. Only banks and financial service providers are the target groups. I am neutral to all cryptocurrencies and a supporter of bitcoin and many altcoins. But I see here a clear positioning to Bitcoin and ETH and also advantages. Ripple...
After a first test to 0.29 XRPEUR, all is green to test 0.30 in the coming days. MACD is in the good direction and Ichimoku are providing also positive informations.
And Henki Ashi direction is Full green. I don't expect a return under 0.24 in the coming days. If it go to 0.30 or higer, it will be intersting to see if Ripple can create a new resistance around 0.30.
We have been accumulating $XRP positions lately, and now awaiting the breakout by the 26th, courtesy of potential announcements that will take place during the European Money 20-20 conference, and/or the interledger meetup in Geneva on the same day.
Here are some links:
www.meetup.com
www.xrpchat.com
Potential upside is tremendous, as derived from the T@M signal...
