XRP USD TARGET IS ...According to the situation of the chart in Ripple, if the range of 53 cents is broken further The first goal can be $ 1.3 in the short term
Otherwise there is a possibility of correction up to 32 cents with the failure of support of 42 cents
The above is for information only, please do not use the above to buy or sell as there is a possibility of capital loss
Rippleusd
RIPPLE | Symmetrical Triangle Consolidation..!!#XRP (update)
From Last 40 Days, Ripple is Consolidating in Symmetrical triangle.
Volume has also been Decreasing & In Case of Upside Breakout, Expecting +100% Bullish Wave in Coming days.
Expecting Upside Triangle Breakout So Grab it with Low Risk & Hold with Patience..!!
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XRPUSD - BUY OR SELL?As seen on the chart, we have two symmetrical triangle within the supply and the demand zone.
The market is not giving a clear signal. Therefore I'm asking the question, BUY or SELL?
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XRPUSD a monthly perspectiveThis is just a fun look at the chart on a monthly time frame.
I would imagine that this chart could be quite inaccurate based on the time frame and the volatility of the asset, however, its just interesting to see that activity started to ramp up 8 months before XRP really took off. At the moment we are around 4.5 months in.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
XRP - Buy The Dip Hi, I updated you last week about the most important trendline. We have now backtested the trendline multiple times + we have also a beautiful uptrend that held very well. SMA50 and SMA100 helped us to recover from the support level $0,40 and I think we are going to see a bullish momentum in the next couple of days. I expect we are going to do the same structure as before to break the resistances $0.63 and $0.75. We need that 🙌🏼 Be patient and don’t panic 🚀
Ripple retests crucial support ready for 14% upswing
Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing.
A golden cross pattern will signify the return of the bulls in the market.
The MACD indicator signals the possibility of consolidation taking precedence in the short-term.
Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47. The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels.
The cross-border cryptocurrency is exchanging hands at $0.45 at writing. On Wednesday, the bullish action stalled at $0.46, forcing the price to retest the inverted head-and-shoulders (H&S) pattern’s neckline.
A reversal is expected in the near-term because the bullish H&S pattern still has a 14% target of $0.51. Note that a bounce from the neckline support is regarded as bullish in technical analysis and could boost XRP significantly upwards.
The hourly chart shows the possibility of a golden cross pattern forming in the short-term. This pattern comes into the picture when a shorter-term moving average crosses above the longer-term moving average. For example, the 50 SMA is about to cross above the 200 SMA.
Bulls have to focus on sustaining the price above $0.45 to focus on breaking above the hurdles at $0.45 and $0.5. The impact of the inverted H&S pattern is still apparent. Therefore, the least resistance path is upwards.
The Relative Strength Index (RSI) brings to light the possibility of consolidation taking precedence before the breakout occurs. The same sideways trading is echoed by the Moving Average Convergence Divergence (MACD), as it levels marginally above the midline.
Ripple intraday levels
Spot rate: $0.448
Relative change: -0.00034
Percentage change: 0.1%
Trend: Short-term bearish bias
Volatility: Low
Deciphering XRPUSDSeems to be a lot of correlations between RSI and price on XRPUSD
However it can be seen that there is a recent disconnect, with a head and shoulders pattern favored on the indicator
It is likely that this disconnect will allow the freedom of price relative to RSI to continue
No more direct correlation possibly
XRP is in a weird situation, however, it does have longevity, with bank integration and instant payment processors, potential can be seen.
I am long this coin based on the previous knowledge and how damn cheap it is.