XRPBTC Ripple is slowly creeping upwards from the downward from the Breakout and a Volume spike at 22-Aug-2017 and is currently ranging between 7300 and 3500µ. Test buy order placed at 5800 µ Action: Watch 7300 µ Major trend : Downward Current Trend : Ranging Resistance : 7312 µ Support : 3481 µ * µ = Micro
XRP has had a very good run in the past few days and has in fact gone past the 25cents barrier soaring up to 28cents per XRP From what I can see it has had its bullish run and will likely now start correcting back down towards the norm. But XRP is not really a day trader coin. (Well it is but...) Please see next graph for XRP on a day basis analysis.
Just zooming in here for a 1hour candle view to acompany my previous 4H chart. We can see the pressure is on for a break out in a direction. Mixed feelings on direction from just this chart but I would lean on Long due to my other chart. However we should wait for a volume spike to show the direction. Remeber wait for the candle to close.
Projection thrown together after a quick look at XRP, looks like if we don’t break under the red support lines we could see a rise to 118 (Approx. 17.5%) over the next week. Might see a more gradual rise with a couple of drops on the way so buckle up. As always, any questions or recommendations please post in the comments, and if you like what you see throw over ...
Ripple build the next cup. We dont know if we hit the 41k correctly. Plz sell the half at 23-24k and reentry your money in the first panic sell wave. -After the rise we will fall down to the 78,6 retracement of the complete rise. This takes 10-12 Days to minimum. Here we can go short. I update the idea every day if anything will happened.