Ripple is showing simmilair fractal pattern as it did 8 months ago. People are buying the hype because they think it has potential to grow more than 10-20x eventhough that would put it way above Bitcoin total market capitalization. I used to be the same and I used to have huge position in XRP hoping it will jump very hard eventhough it was just as unrealistic...
Histogram showing bearish signals together with the macd crossing the signal line. RSI tried to break to the upper side but bounced off the 50 multiple times showing not enough strength. Short term the 8, 13, 21 are all below the ma 55 showing a downtrend at the moment. This makes me conclude that XRP is currently bearish.
Ripple has created bearish channel,. Overlaid Daily support and resistance levels+ Fibonacci+Gann Fan, drawing future projections on price-points, where have to play attention. Now price staing at 38% Fibo+Daily Pivot (was tested, and refused). Next 2 Support is surrounded 50% Fibo, and 50% level its serious area for break or reflect and back to Bullish trend. *...
XRP finally looks like it has no more fuel for a bull run and a major correction is inbound. Volume is decreasing and it couldt move past sma 21 just like at previous correction. The downtrend could continue for the next couple of months and a great buy in would be around 1000 sat or lower, than another bull run is bound to happen. "It's not personal. It's...
Ripple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is...
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Expecting a similar correction to the last 2 XRP pumps. Only way this could be wrong is if all the good news surrounding ripple pumps it to the moon. Personally I'm a TA > Fake news kinda guy.
MACD, STOCH RSI, and the resistance line all come firm it.
Another attempt to break 1.30 level can be seen in the following hours
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Where will XRP find its bottom? I wish I could tell you. XRP has been on a steady skid for the past few days. However, from what I can tell XRP may be working its way into a falling wedge. The blue box is where I XRP will get my attention, there is a heavy resistance in that range, and lines up nicely with the descending wedge pattern. As I have mentioned in...
XRP continues its bearish down trend, however looks to be may moving in the pattern of a descending wedge (lower peaks on upper resistance, lower support on bottom of wedge, descending volume). Between .168-.162 XRP has a good amount of support, and also will be meeting up with a major upward trend. Look for reversal signals, before entering long, if you decide to...
Learning about 5 leg triangle wave theory. Looking forward to seeing how it plays out. With mostly negativity from the crypto community, we will see how it holds up, good news coming soon and may play a big role. I cant make up my mind.
The course is currently in a slight upward trend. It moves towards 0.236 Fibo and the often confirmed resistance at 0.208. It will show whether the course is strong enough to confirm the upward trend. If it is a sideways trade the next target is 0.167
I posted my long idea for XRP yesterday however I believe it needs to go down one last time before it starts its trend as an ascending triangle. If you analyze previous XRP moves it always touches the bottom one last time before break.