XRP has bounced nicely off both of the demand zones below and positive news out this week has spurred more upside. After today's drop in BTC, Ripple is right back to where we started the day....at resistance. Both the RSI and MACD are looking a little high so would like to see those cool off a little before feeling confident on entering a long position. As such,...
Ripple(XRP) corrected 92.43% from its all time high 3.300$ at Bitfinex and still not showing momentum, I don't hate ripple but XRP is a shitcoin for now, not worth investing in ripple till it start showing momentum, in future if price bounce back a little 26 EMA will work as resistance on the daily chart. if it successfully make a continuous 3 green candle...
XRP broke it’s consolidation during the beginning of August with the most recent bitcoin plummet. It has been failing to correct back to the $.45-47 resistance levels since. The red dotted lines represent two different 2017 support lines that I feel are very accurate. I do not draw my trend lines from wick to wick or body to body, more so I look for more...
Ripple has been sitting in this 80-90 cent channel for a while now and my 2 resistance points have held up nicely. Normally you could throw a buy order and play these bounces and if you decide to do that use caution. We have seen BTC breaking down, ETH breaking down and there is an SEC hearing tonight and we don't know how that will affect crypto, if at all....
Price swing from ~$1.08 (March 5,2018) to ~$0.55 on March 18, 2018 has been identified in this analysis as a minor wave 3. Minute wave ((y)) is currently on and its termination marks the end of minor wave 4. Minor wave 4 is shaping up so far as a zigzag (5-3-5) Elliott wave structure.A 38.2% retracement to 50% retracement (i.e. ~$0.75 and ~$0.82 respectively)...
Dear Viewers, Here is my Technical Analysis of the XRP Coin. Let´s get into it straight away, As you can see we had a Head & Shoulders pattern that started to shape it self mid January because of a bullish movement, which caused a bearish breakout once the neckline got crossed downwards. Now that XRP got corrected (which is very healthy for the coin it self),...
Applying Elliot Wave Theory ( "EWT" to the Ripple (XRP) graph clearly shows us that we are currently forming the C-correction leg, after which a new upward impulse wave should be very likely to start . --> We clearly see the movement of the five subwaves in the upward impulse wave, followed by the ABC correction, as prescribed by Elliot Wave Theory. -->...