Ripple has been one of the most consistent cryptocurrencies in terms of cyclical behavior, as it has been following its previous 2015/ 2016 bear cycle with uncanny precision. A repetitive sequence that has recently emerged is the second Death Cross sequence on 1D. In 2016 when this formation took place (after a Golden Cross), XRP after an initial minor dip, rose...
XRPUSD is approaching its resistance at 0.29998 where it is could reverse down to its support at 0.23681. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th: So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming...
XRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful...
Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High. Keep it simple. It is a cyclical process.