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Xrpsell

XRP- 0.4 is still my targetOn my 21st of August XRP analysis, I said that after the drop-back under old resistance, which should have provided support, the coin is not looking good at all and the more likely scenario is a down continuation to 0.4 next support. The coin, as expected, tested the old resistance from 0.55 and dropped again. Now, we are in a small correction from the recent drop, and if/when we dive under the flag's support, a continuation to 0.4 is the most probable scenario. In conclusion, sell rallies remain my preferred strategy and as long as the price is under 0.55 I will stay bearish. My 21st August analysis:
BITSTAMP:XRPUSDShort
by Mihai_Iacob
8
XRP/USD: SHORTGoodmorning traders! IF this candlestick engulfs and closes under the candlestick I've circled and also under 0.25000 i will enter a sell. Also every time price closed under the green structure price kept falling until it hit another key zone, eventually price will test the support line of the ascending channel. if price heads back up from here it was testing the psychological level 0.25000 and price will just go back to the consolidation zone and continue consolidating.
BITSTAMP:XRPUSDShort
by lobfxempire
XRPUSD: Analysis using Ichimoku 12/07/2020H4 On D1, the cloud is directing upward, indicating an uptrend. The price also broke the downtrend line at D1. Conclusion: Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 50%. H1 At H4, the cloud is directing upward, indicating an uptrend. The RSI is not far from the overbought level, indicating a possible continuation of the correction. Also, the divergence has formed on H1 between price and RSI. Conclusion: Selling XRP looks risky, since the correction model may take the form of a “triangle”. We recommend buying when the RSI reaches an oversold level on the H1.
BITFINEX:XRPUSDLong
by QubitLife