A lot of talk is being done lately on XRP and its recent sharp sell-off that took most traders by surprise. This panic selling is fundamentally driven by the recent news and I believe the tension isn't over yet.
Today I want to focus on the technicals though and the 1W chart. This shows that long-term XRP investors shouldn't panic and this selling was also seen...
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i believe Ripple is giving us an other chance to get along it
it seems that the market has done its accumulation Phase and currently getting itself ready for the next upraise
we have used Price action analysis in order to specify the Supply and Demand zones and Fibonacci Projection to project the next Target areas
we have specified the growth and forecasted it on...
XRPUSDT 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the Ripple
My idea is that the pair will go lower
broke down the daily support sells offs start
I hope my idea is clear
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There is no doubt of the uptrend formation for this currency, the initial target will be around $ 1.50. Currently the price is forming a Triangle in wave iv from point 3. The uptrend will begin, by the completion of this pattern.
A lot of talk is being made lately regarding Bitcoin's strong rally since early September, with many believing that the All Time High (ATH) of roughly 20k is just around the corner.
However there is one high cap coin that has hardly moved during Bitcoin's recent run and that is Ripple. Why is XRP still consolidating, why is the market extending this accumulation...
MACD is pushing up but the real story here is the yellow short-term moving average line that has been above the slightly slower (orange) MA for the past few months despite no real price movement. This suggests XRP is like a tightly coiled spring. Don't blink or you might miss explosive price action coming to this market soon. It will only need 1 or 2 positive...
Going way back in mid 2018 the pattern is a Channel Down. For most of the pattern's lifetime the price has been trading above the median with a level just below (blue line) working as the Support. That is except for two occasions where a Lower Low was made: August 2018 and recently March 2020.
There are two scenarios for XRPUSD right now: Either (A) a +220% Lower...