RIPPLE trade ideas
Don't Trust It, Ripple Can Be Very UnforgivingJust as I used to say that when XRP goes, it goes... The same is true the other way around.
If you think it has done correcting don't trust it, it can go way lower.
Remember that XRP has trillions of coins if I am not mistaken and the owners are always selling like there is no tomorrow.
Whatever situation (bad press) they are having, plus the earlier airdrop is an opportunity to sell even more.
There is likely to be some short-term/small bounces, but even higher chances of more red, more and more and more.
Stay out completely until the dust settles, there are many more options, that's why we have thousands of coins.
If one goes bad, no need to indulge in the extra risk, wait it out, see what happens, and after everything is said and done one can consider it once more.
As things are now, it is better to play the safer, more stable, ALT-coins.
This is not financial advice.
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Namaste.
Ripple (XRPUSD) Likely To Continue Lower!You could say that the Ripple (XRPUSD) chart is mixed in some ways... We have a bullish trend with bearish signals starting to develop.
I get some doubts when I look at this chart...
Can it go up from here?
Will it go up?
We have higher lows and long lower wicks... Uhhh...
But at the same time, we have lower highs, a bearish MACD and the RSI going down fast, see it here:
So, where does Ripple goes?
When in doubt... Go with the flow!
Namaste.
Ripple Still Bearish / Aiming LowerFor those wondering the chart for Ripple (XRPUSD) still remains the same... The bears are starting to jump and this is visible when you look at the lower highs.
Prices are now starting to move below EMA10 and the indicators are trending lower and lower.
It would take a strong move up to cancel out the bearish bias this chart is developing.
The next targets, as support levels, can be found on the chart below:
Thanks a lot for your continued support.
Namaste.
XRP possible scenario I see playing outI think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't sell everything, just a small portion so I can accumulate more letting my money work for my future money. God bless.
XRPUSD (Ripple) Still Bearish, Drop About To Pick Up MomentumI am still bearish on Ripple vs U.S. Dollar (XRPUSD) and I believe that the drop is about to pick up momentum.
Look at the MACD:
This can spell disaster ahead.
Also notice that prices are currently challenging as support EMA10.
After a lower high compared to the first test of EMA10 as support, 26-Nov., this can signal that the next level will be tested, meaning EMA21 ($0.5176).
But this can go even lower... See my previous analysis for more targets here: Ripple vs U.S. Dollar (XRPUSD)... Wow...
Thanks a lot for your support.
Namaste.