plenty of pings and doji stars to show XRP going to push on
last push went of of range with a pullback that hit back into range which started 24th July
next push may just be out of current range for some time
. There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XRPUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
XRP/USD PRICE - EDGED HIGHER
On Friday, Ripple hit an over five-month high of $0.2570. Ultimately, the price closed a weekly candlestick in the green with a 23.7% gain.
Alongside this, the Relative Strength Index (RSI) remained in overbought territory emphasizing the strength of bullish momentum.
At the start of August, Ripple opened with an upward gap and...
Zooming out even further on the weekly copying the open / close of the candles from december 2017 - january 2018 would align with our blue buy zone perfectly for one final 'shake out'.
The -27% fibonacci used previously sits around $0.05 which would be painful but with this pretty much exact copy of price action.
The timing on the last chart / the amount of...
Ripple (XRPUSD) did great and grew a lot in just a few days... We had a great chart out about this move.
Now, things changed and prices are retracing... It is time for the smaller capped altcoins to grow.
Here we have XRPUSD showing a lower high after a peak and prices breaking below EMA10.
We will see lower prices and here I've marked the next support.
XRPs recent rise to $0.30 was a retracement to the 78.6 on a weekly fib, I hope we can see $0.20 - $0.18 one more time for another or maybe one last buying opportunity.
Daily / Weekly fibonacci from wave 2 to 3, the retracements 61.8 & 78.6 also align with a trendline tap and a 4th elliot wave.
Please see weekly chart for another view of this...
We are at the end of the wedge if we look at the Bitstamp chart on a Monthly Timeframe on the log scale to include the huge increase in price from Jan 17.
If we see the same increase in price (100,000% +) we could be at $125 by EOY, lets hope so 🙏
This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
Price action has moved sideways, and how shown support at 0.29 and rejection of the 0.31 levels. This can typically happen following strong price action, as on the 01-02 of August. The MACD is looking good and is showing signs of the bullish momentum fading. In my opinion this is still a valid set-up
Following the last chart this is a weekly perspective of the ideal pull back to / around $0.20 one last time before a fifth elliot wave.
We have 2 weekly trendlines in place and a major support level used in the prior bull run in dec 2017.
The support gives some validity to the bullish trendline where we had 3 weekly candles form at the end of june which is also...
BTC weekend fun caused a pullback on most
XRP handled it better than most
still bullish flag but it could go the other way depending on BTC again
sideways / slight gain for a little looking around 6th Aug for more action
This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser...
So whatever happened to BTC and Binance US the whole market dropped 5-7% and then regained most of the loss
Still no explanation 6 hours later and it was meant to be back online
For XRP $0.30 is critical if we can past it then $0.344 - $0.50 - $0.76 is possible and historic
however fibs and levels must be respected, the pullback brought it back within the longer...