Xrpusdanalysis
XRP/USDJust some thoughts. We will see if XRP can hold this next support range. This depends on when BTC will begin its initial .702 retracement after indicating entering a bear market. Once BTC begins retracing, we will have entered the official alt coin season, especially for the alts that haven't reached new all time highs this bull season.
Ripple- can it drop to 0.5?Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion
Ripple- Best place to sell it shortI'm bearish Crypto market, and Ripple is not an exception...
Since the last attempt to conquer the 1usd figure, XrpUsd has dropped around 30% and now is in a slight recovery move.
This corrective rally can give bears the opportunity to open short trades and, in my opinion, the best place for this can be around 0.8 resistance (old support)
Only Ripple above 0.95 would negate this bearish scenario
XRP The explosive 3/3/3!If we don't get a new low bellow .51 we have to assume this move up from the low of .51 is a 1-2 of its own. If that is the case we would be working on the wave 3 of a wave 3 of a wave 3. Which I would expect to be very explosive. We have a lot of confluence between the 3 fib extensions. If .51 is broken then I would eliminate the red count and would have to assume the C wave of the blue count is still alive. For now we hope for a huge momentum push up so we can be clear of the current count.
XRPUSD: Cyclic & Sine Line may show the date of the next top!Hello my friends!
this time I have played with Cyclic Line & Sine Line. And I think a highly interesting result has shown up.
If we put Cyclic Line & Sine Line at the low point in Nov 2015 and the high point in Jan 2018 we get the next low and high points.
The low point Mar 2020 is amazingly hit almost on the day!!! This results in a next high in May 2022.
If the Trend-Based Fib Extension is applied at the same points, there are clear targets at 1,618 (5.71 USD) to 2,618 (9.18 USD). 2.272 is at just under 8 USD. My band used is a Daily 350 MA multiplied by 3.618 and 0.382.
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Let's see what happens.
Happy trading. 😀💯🚀
BTCINVESTING
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My Post from Sep 13, 2019
has forecasted the low point exactly!
XRPUSD 2300 % gains in 2022XRPUSD currently in a reaccumulation zone.
Make a note that it´s a weekly chart and it may take some time for the price to visit our buy zone. Patience is a key.
We expect XRP to go parabolic in Q3 or Q4 2022.
Long term target over 10 $ .
What may push the price so high? Coinbase relisting or winning against SEC. Catalyst will come and the price will surge.
Drop a comment and let us know what you think
No financial advice