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XRPUSD - RIPPLE EFFECT -- UPDATE, MY HUMBLE OPINIONXRPUSD has made moves down. as per my last analysis, we expected XRPUSD to hit the red line with a possible move back up. this move is still possible but i feel we might see it fall a bit more. With BTCUSD and ETHUSD making major falls in price, i think we will get one more price break to the downside. It is important to note that when major moves about to occur the main movers cause a lot of panic in the market. the pessimism in the market has caused a lot of people to panic sell. anyways if it breaks the red line i would be looking around xrpusd 0.34057 for next support. happy trading guys like, comment and follow
KRAKEN:XRPUSD
by SiriusTrading
Xrp further deflation over US dollar XRP/BTC further drop pointsHi guys. Welcome to XRP analysis update. If you liked an idea or if helped you save your money, please press like button. I will be brief, because there is not to much to add about it as everything happened as on analysis posted on October.5h. These are some interesting facts : * Marketcap of XRP during past week was worth 21.2 billion US dollars on October 5th when previous TA was posted. *At the time of posting, XRP price was 0.52 USD. *In the meantime, XRP already deflated more than 12% since (in 5 days period). *Current XRP marketcap is 18.5 billion US dollars (compared to previous 21,2) at the October 5.th gives nearly 3 billion nominal loss. *Current XRP price is 0.463$ with tendency going lower. IMPORTANT : XRP is generally bearish. Daily RSI indicates further downward momentum. Previous drop levels posted were (0.49 , 0.47. 0.44. 0.41 ...) 0.49$ and 0.47$ are passed (while we had rebound on both of them). 0.44$ remains unchanged as 0.41$ along with new lows. Most likely we will see further lows on XRP (as per chart decribed). Don't rush with rebuy (you saw your self, if your would have rebought 5 days ago on XRP, you would lose more than 10% in US dollars. Thanks for reading. Good luck
Short
by milanjelic
12
XRP: Another buy opportunity?Looking at the daily, XRP has created a descending triangle which is a continuation pattern of the correction that XRP is currently having. Taking a look at the Fibonacci from XRP's last big bull run to $0.78 the floor of the descending triangle has formed at the 0.62 support line. Assuming that the descending triangle follows a normal pattern, we will see XRP break down below its side-ward support and retest the 0.24 Fibonacci support line. In addition to this the RSI is teetering right in the middle at a value of 50 showing lack of direction. However when put together with the low volume in the market there is little evidence that XRP will be going toward the upside in the short term. Thanks for reading! If You like this TA please hit the LIKE button! Also, leave a comment with Your thoughts and feedback! *This information is not trading advice and is to be used for educational purposes only!
Short
by kryptokens
XRPUSD Multi Timeframe analysis holding support............If you missed the train of Ripple you can get it again but now it is on a strong support zone and preparing for an another small jump near the high of this recent rally if you didn't sell at the high you can get a second chance of selling at the near high of this recent rally. Then another dump will happen again and the price of ripple will fall to almost 0.3307$ and may even lower than that. Currently on the 4 Hour Chart Ripple stopped at EMA ribbon first, secondly 0.45410$ is the low of 2018 1st week of April working as support and 50 EMA is there. Now you can take short term trade decision by seeing the 1 Hour Chart. Main key level to watch - 0.455$ if break and close below it the we may not an another jump price will fall vertically. Resistance - 0.48$ If you are on any open position and trade your stop loss should be below the main support level 0.4510$ See the 1 Hour Chart Below.
BITFINEX:XRPUSD
by UnknownUnicorn3470358
3