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XRP - 4h. The level of $0.28 again plays a key role.After an unsuccessful attempt by buyers on January 10 to consolidate above the range of $0.36-0.38, the XRP market stopped consolidating. A recent attempt by buyers to organize trend movement and consolidate above $0.31 failed. The critical point during this attack of buyers was the mark of $0.28 , which we wrote about in the previous idea : The range of $0.24-026 has stood the test of time again and consolidation continues. The new attack of buyers continues at lower volumes than the previous time. Therefore, it is too early to talk about the breakdown of consolidation and the mark of $0.31. At the moment, the price of XRP again stopped at $0.28 and is consolidating below it. If the price of BTC continues to put pressure on the range of $33400-3400 0 in the XRP market will occur shot to $0.31. However, the situation is tense and sellers do not need much effort to resend the price of XRP to $0.24-0.26 . Moreover, if you look at the graph of the pair XRPBTC - the triangle formed has almost the same chances of a shot both up and down. Therefore, for a short-term trade, we expect to fix the price above $0.28. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
28
Ripple: The beginning of the uptrend with targets of $ 13 Please be noted that the target of $ 13 is a long-term price movement In the daily chart, Corrective Wave of 2 has been completed in the range of 0.1700, and the price is forming the first uptrend in Wave 3. ( Daily Chart ) In the 240- minute chart, after monitoring the details, the first ascending wave has been completed in the range of 0.3721 and the retracement has been completed in the range of 0.2608 with a truncated C wave, and is currently completing wave 3. Notes: First: The first confirmation to change the price trend is the range of 0.3835, which is probably happens in this uptrend. Second: To get the confirmation for changes to the main trend, the price must cross the range of 0.6813, which is the end of wave B. In this case, hopefully, we can expect $ 13 target price. Third: If the price crosses the range of 0.2608, the downtrend can be extended up to the range of 0.15. This range is equal to 1,618 Fibonacci ratios of the Wave A from point 2, which is an important price range.
BITSTAMP:XRPUSD
by NirmataFX
1
Will XRP's Precedent Change this Year?The "pattern" for xrp since May 2018 has been 4 down bars then a bullish close in the 5th month. So we’ve had 3 sets of this so far. If this month closes above .3479, it COULD be interesting (I think), which is above equilibrium of the open and close of the June and September monthly bars (EQ3) When the price ran above .50 in June, it opened below equilibrium of the open and close of the previous sets as well as closed below it. Perhaps reasoning as to why XRP could continue no higher. Of course, this is just using price alone. It’s the same for the Sept 2018 retrace, the price closed bullish but not above equilibrium of the set. October 2018 opened lower than equilibrium as well What this would signify to me is change in the "trend" on perhaps some scale that might probably be considered as esoteric or even borderline lunacy in standardized circles :-> If so, that's just fine and dandy-- I've always been one to go against the grain--I can't help it. Well wishes.
BITFINEX:XRPUSDLong
by tradesetups
XRP Price Analysis - $0.28 Support Failed Relative Strength Index: The RSI is currently at a healthy 45 points. It has stayed mostly within range the past week meaning that the same trend will most likely continue. Even through the RSI is healthy, the market still seems to be on a downward trajectory. Bollinger Bands: The price is currently within the bollinger bands after crossing below the lower band a few hours earlier. We have been seeing the price continue to gravitate toward the lower band since it has been on a bearish move ever since peaking at $0.32. Volume: It looks like the volume is starting to pickup compared to what it was last week. Moreover, with the new week ahead of us we should expect an increase in volume in the next 24-48 hours. Ripple's XRP Price Prediction The RSI is healthy, the price is within the BB range and volume is low. This usually means that the market will continue to trade sideways. However, if we look at the big picture and take into account current events, we can see the market is definitely in a bearish phase. Moreover, XRP was unable to hold the $0.28 support level and is currently looking for a new level. In my yesterday's XRP price prediction, I predicted that: "the most likely scenario is more bearish momentum in the coming days. XRP has massive support at the $0.26 level, so my prediction is that XRP will touch that point sometime next week, and depending on any more news regarding the SEC lawsuit XRP will either rebound upwards or continue trading at that support level." It looks like this is exactly what's happening as XRP will most likely test the $0.26 support sooner than I expected. My prediction for today is that XRP will touch the $0.26 level and bounce up to $0.27 or $0.28 from there. The SEC lawsuit is sure to bring bearish pressure, but at the end of the day their lawsuit doesn't have effect on the tech behind XRP, which is what gives the currency most of its value. Read Full XRP Price Analysis : The Merkle Hash
BITFINEX:XRPUSDShort
by nulltxmark
XRP Price Analysis - SEC Lawsuit Creates Bearish PressureRelative Strength Index: The RSI is currently at a healthy 41 points. This means the market is neither overbought or oversold, meaning most likely XRP will continue trading sideways for the next day. Bollinger Bands: The price is within the bands' range, however it's below the MA which means that there is slight room for upwards correction. Volume: There is a good amount of volume, even for the weekend which is surprising. This means that the market has enough power to make some moves in either direction. XRP Price Prediction Both the RSI and Bollinger Bands are signalling a sideways market. However, the volume tells us that movement in either direction is not unlikely. Combine the above signals with the bearish news about the XRP lawsuit and the most likely scenario is more bearish momentum in the coming days. XRP has massive support at the $0.26 level, so my prediction is that XRP will touch that point sometime next week, and depending on any more news regarding the SEC lawsuit XRP will either rebound upwards or continue trading at that support level. I don't see XRP dipping below $0.26 unless the SEC decides it's a Security. Read Full Analysis : themerkle.com
BITSTAMP:XRPUSDShort
by nulltxmark