Ripple (XRPBTC) is now moving and has the potential to go higher.
Challenging EMA50 (0.00005436) today, we are seeing really good volume on the 4H time frame, as well as momentum building up.
The RSI is bullish at 58.40 trading above all resistance levels and is at its highest since December 2018.
The MACD is entering the bullish zone and looking good....
While another revisit for XRPBTC at sub 0.00005000 may be possible a quick reboud would be expected to see the price reaching a new ATH. The critical level where XRPBTC currently sits will be defining for the pair. Therefore, I am bullish biased looking at this chart and I would expect a big move from XRP within 2-3 weeks time.
The RSI has plenty of room to move...
Two orders can be placed with this analysis.
- Consolidation forming within the descending triangle . Price can only be doing 1 of two things, consolidating or expanding. So after this expansion follows consolidation.
- BTC gaining momentum (just blew 10,000), cryptos generally move in the direction of BTC due to its vast market share.
- Weekly Market...
As the title says, are we going to see the price of XRP\BTC shooting up or slide further down? This would be the second time when the price level will touch the suport line. Personally, I would think we may see another break on the upside. The reason for my call is also the immenent touch of the 50MA with the 200MA on the daily chart on XRP\USD.
. Ripple/Ethereum 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...
Is Ripple fully loaded?!
On the chart showed a potential scenario in the long term but possibly we will witness a full XRP reversal very soon.
We are getting close to a strong support level so let's see will it bounces up for a long-awaited uptrend.
Hello Dear traders!
Just a quick heads up before we can together comfortably sit and watch Xrp blast.
Based on the weekly trendline and current XrpBtc trend I´m 99% sure we gonna hit the crucial support located in the 6250-6150 area. As you can all see from the plan designed by me we are about to see something...
We can see a lovely resistance level that has been respected ( green line ) off this recent bounce we have seen a lovely bearish run today forcing price down to our support/resistance zone ( green box ) where we are expecting a lot of buying power to come into play and make a lovely bullish run.
The reasoning behind this was explained in our latest BTC post on...
XRPUSD | W1 | BULLISH
The market is currently at an important key level,
Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money.
At the same time this is a very simple...
As we see XRP head towards $0.30, we see the trend set, the MACD have crossed as well as the MA's. 20MA could see a retest before we reject then drop further. Closed below the $0.35 support yesterday and is looking very bearish.