XRP price is heading to test the 200-day MA and to do so a 11% jump is mandatory. Once the jump is successful, the next resistance levels to acquire would be around $1.07. In case of a bearish flip, the 50-day MA is acting as a strong support levels, and failing to sustain, the price may continue with the downtrend below the current levels.
So as per my pattern analysis it's a BEAR FLAG where the market may continues to the downtrend. So whenever a bear flag occurs in a down trend chart usually it continues to be a down Trend. I think it's good for swing and positional traders.
XRP price which was trending within a descending channel, rebounded well from the critical support levels. Moreover, the healthy consolidation from the past couple of days suggests a uptrend incoming soon after the upper resistance levels breakout.
*Note:- The bullish scenario is only valid if the price crosses and holds above $0.88 else a drop may drag the...
In the early hours, the price was travelling beyond $1.04, approaching $2. But the momentum has ceased and the downtrend is on board. The price dipped first to $1 and further to $0.96. The trend change from the nearest high support level is around 30% indicating that Ripple price is falling into a bearish trap currently. With strengthening buy signal, the RSI...
XRP Has found critical support at $0.92 as evidenced by the hammer candlestick. Until now, the trend is respecting the ascending trinagle pattern. A bulish reveral is intact as demonstrated by bullish divergence, you can confirm it with the RSI oscillator. 10% gains are absolutely incoming on the condition that XRP manages to steer clear of the bearish crossover...
In the early hours, the price was seen down to the $1.001 mark. Pushing itself off from this range, the price is expected to surge deeply in the coming days. This can come true if XRP keeps up with the trend reaching figures at and above $1.1. Contrastly, if the bulls fail XRP can fall back to the previous range or below $1. Since the trends adhere to a recessive...
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