Similar with the chart analysis of ETH. When Bitcoin fall down before bounce up in middle term so XRP/USD also the same.
The target for fall down and bounce up I give all you in above
Just remember that now is not the time for selling any coin, just buy more when the price come to good buy zone and take profit when the market bounce up.
Buy zone: 0.26 - ...
Since my last post on XRP, the crypto market was in real panic mode. But ever since the bulls have stepped or the bears have stepped down. That is of course the big question. As you know from my Bitcoin' analysis, i have been calling for a possible double bottom since yesterday's drop failed again. But things are still not in the clear though, hard road of ...
The first and second-largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ripple (XRP), respectively, are our focus in today as we discuss the possibility that XRP may be a better store of value than BTC amid volatile cryptocurrency market conditions.
A large sell-off of digital assets began on November 14th, 2018 when total cryptocurrency ...
Despite the ongoing bearish sentiment against crypto in general, XRP continues to enjoy improving fundamentals. The stubborn resistance at 30c is probably smart money accumulating the bottom. Falling wedge on the 4h indicates a tick up, forming a double bottom with the recent September lows. This is consistent with our long term outlook below.
This is the time to start thinking about building your longer term positions.
Bears are running out of energy.
Shorting weakness still on the table, but I wanted to get these long position thoughts out.
T.1 (target 1)
T.2 (target 2)
all things i mentioned are visible in chart..
All major coins can pull back at their resistance levels. SO, keeo an eye!
also look the double bottom in 4H..
if that breaks unexpectedly then a last major downfall may occur. SO, dont lose on emotions or anger!!
Or else things looking good!
Enjoy profits !!
XRPUSD reversed off our first resistance at 0.3359 (61.8% Fibonacci extension , 23.6% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.2523 (61.8% fibonacci extension, horizontal swing low support).
RSI (21) is also approaching resistance and we might see a ...
Is Ripple repeating a similar downmove as in early October?
The October 6 bar (circled) is a midpoint candidate because all nearby price action to it's left is higher, while all nearby price action to it's right is lower - it was a significant "step down". Indeed, this midpoint projected the 0.38 significant low.
The Nov. 24 bar (also circled) is a midpoint ...
As the recent fall in bitcoin is supposed to be a phase. We could still see more down side to this major downtrend! We can see a Push down triangle forming to maybe push out the bitcoin past the support for a LL. Be careful of the breakout as the bears legs are weakening one after the other giving the momentum to the bulls! Lets see how this one ...
So I had this correction on my radar for over a month and a half now, looks like it's about to finish.
Not only this analysis supports the massive up move that XRP is going to get but also Coinbase listing is bound to happen very soon.
Short-term we could see $0.25 / $0.20
Medium-term target: ~$0.80
Long-term target: ~$3.00
I will keep updating.