Xrpusdforecast
XRPUSD -Daily chart prediction on Feb 2021XRPUSD on the daily chart. Previously predicted bearish movement hit aound $0.55 at the supply zone and bounce back up to around $0.9. Now price predicted to make another dip to hit another demand zone and make Lower Low (ref to chart). It based on Weekly candle that are now seems like rejecting market price at current supply zone (ref to weekly chart-you will see it clearly).
But, if price able to break the weekly supply zone, price might be able to create new higher high. Look at the large flag pattern on daily/week chart - price will go higher than that.
***Just for sharing opinion based on supply n demand strategies, not financial advice. ***
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