Ripple Technical Analysis with Updates.
Updated
Hey! I am back with another Technical Analysis, this time looking again at Ripple and bringing back the "updates" concept, as I have now more time do what I love to do.
The more likes, the more updates!
In my previous TA on Ripple, I was expecting Ripple to find support at 7865 with a wick or at 7615 with a possible bounce, which was on point!
hhttps://ttps://www.tradingview.com/chart/XRPBTC/QbHgyJJc-Ripple-in-a-Flag-is-about-to-see-a-new-Higher-High-soon/
Two days ago, I have posted into my private group Ripple chart with a pennant that has occured with expected breakout, which hit my exact ressistance target of 8300.
Good, good for Ripple, lets look at some points.
Ripple is respecting uptrend
Healthy MACD cycles with intersects above neutral zone.
RSI demand after rally finds demand slightly higher than 40, good sign.
RSI finding support few times at same level is also a good sign.
Overall candles looks good!
Ripple is able to move somehow Independent from Bitcoin, but still likes when Bitcoin gives him some certainity.
Conclusion.
Ripple will test 8525 key ressistance level anytime soon.
If this level can be succesfuly broken and found support on it, Ripple can continue rise.
If the test wont be succesful, it will find support and at uptrend and go for it again.
And if Ripple breaks November uptrend, I will post another Technical analysis soon, hard to tell now, but I think its more likely to break the 8525 level.
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
The more likes, the more updates!
In my previous TA on Ripple, I was expecting Ripple to find support at 7865 with a wick or at 7615 with a possible bounce, which was on point!
hhttps://ttps://www.tradingview.com/chart/XRPBTC/QbHgyJJc-Ripple-in-a-Flag-is-about-to-see-a-new-Higher-High-soon/
Two days ago, I have posted into my private group Ripple chart with a pennant that has occured with expected breakout, which hit my exact ressistance target of 8300.
Good, good for Ripple, lets look at some points.
Ripple is respecting uptrend
Healthy MACD cycles with intersects above neutral zone.
RSI demand after rally finds demand slightly higher than 40, good sign.
RSI finding support few times at same level is also a good sign.
Overall candles looks good!
Ripple is able to move somehow Independent from Bitcoin, but still likes when Bitcoin gives him some certainity.
Conclusion.
Ripple will test 8525 key ressistance level anytime soon.
If this level can be succesfuly broken and found support on it, Ripple can continue rise.
If the test wont be succesful, it will find support and at uptrend and go for it again.
And if Ripple breaks November uptrend, I will post another Technical analysis soon, hard to tell now, but I think its more likely to break the 8525 level.
Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
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