Technical analysis:
. Ripple/Euro is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility...
Technical analysis:
. Ripple/Euro is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.32500 to 0.25000). if so, traders can set orders based on Price Action...
Technical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the Beginning...
Hi all!!
Good day! In this post, we are going to analyze Ripple Long Term Bull Market in simple terms.
I observe similarities of 2015-2016 Bear Market in 2018-2019 Bear Market.
The long term investors have only five questions to be answered in a Bear Market.
1. Obviously topping out (Red Text)
2. Finding the first Bottom (Green Text)
3. Finding the second...
Technical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000515 to 0.00004500). if so, traders can set orders based on...
This would be short update for XRP/BTC from my previous chart update i mention there will be an possible of divergence in the progress of the downside of price action..
This was been drawn from 23 april 2019... which i predict of some kind bullish divergence would formed with red color line.
Let's see the recent chart..
Nice form of bullish divergence is...
#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend...
HERE in 1W chart 618 fib level is a big resistance level for XRP. also forming a accending traingle. so most probaly it break through LONG.
N.B - if BTC move possitively long.
XRP/USD(BITFINEX)
Ripple recently tested the $0.40 resistance level and couldn't break the same with dropping to $0.32 level(19%) recently.
Bullish Case:
If the manages to hold $0.32 price level and breaks the 0.38$ level then it would be slightly bullish for the asset.
Bearish Case:
There is a lack of buying interest(volume) and if It broke the $0.32 support...
Though I am bullish for xrp in mid to long term but I can see a small correction in next couple of days.
the major structure is still a bullish falling wedge , but the immediate weakness in bitcoin is kind of being reflected in xrp too.
feel free to share your opinion in comments section.
All the best!
hopefully we can stay above the purple/pink trenddailyline, the 15 minute broke also as the 1hour 2hour 4hour, only the daily is holding it atm, if it goes below the 0.363xx prev. low candle, ecpect a drop.
Another scenario is we go sideways, and just extend the trendline..
My game: i placed a small long entry under the purple/pink dailytrendline, aiming it will...
Ripple(XRP/USD)
Ripple
Overview
Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level.
Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed...
