XRPUSD (12h): Sounds hard, but possible... 1.35 > 3 > 2 > 5 USD

Updated

In the last few weeks we have seen a strong run on Ripple.
Even for me, who has been trading for many years, this was
a interesting experience. We are not talking about a small coin
that has little market volume and can therefore rise extremely
fast, but about a "big" coin. Currently the number 2 behind bitcoin.

Now many people wonder what happens next:
Even more profit or correction?

Of course, anything can happen on the crypto market. And the price
could continue to rise, but we've all learned that at some point
the end could come and things will be the same over and over again.
In short: what shoots up comes down again.

Fibo is a good instrument here. As the TA looks like, we have
reached the top at around 3 USD. That is why we could certainly
expect a correction.

How high would this correction be? Generally speaking, a correction
to Fibo 38% could be expected for sharply rising prices, which would mean
a price of around 1.35 USD. Furthermore, we could expect a market
recovery until just below ATH. That's about $3 - naturally with market
movements in between. Before we move on th next top (Fibo 1.62),
at about 5 USD, we could see correction to 2 USD.

it's just a possible idea. Maybe we only see a correction to 2 USD
(Fibo 62%). But I think we should take everything into
consideration, including 1.35 USD.

Let's see what happens. Happy trading. :-)

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XRPUSD (4h): update. still along the trendline.

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XRPUSD (2h): update. trendline still works.

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XRPUSD (2h): update. still exactly on the trendline.

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XRPUSD (2h): update. stop at 1.75 possible. exactly on the trendline.

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in addition. 30 min view with a poss stop at 1.85. be watchful ...

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update:

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XRPUSD (4h): situation chart ...

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XRPUSD (8h): trenline still works. in principle, the situation at ripple has not changed, even if a new partner (moneygram) for ripple has appeared. And dont forget: sell good new. buy bad news. lets see the next days.

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XRPUSD (8h): siutation chart ...

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XRPUSD (4h): situation chart ... trendline still works.

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XRPUSD (4h): no change so far. trendline still works.

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XRPUSD (4h): right along the trend line.

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XRPUSD (4h): trend line still works.

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XRPUSD (4h): way down to 0.9 usd (fibo 23) maybe open and possible ...

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XRPUSD (4h): it has exactly touched the support line. re-entered yesterday.

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XRPUSD (4h): next possible development, if the down trend further continue.

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XRPUSD (4h): trend line still works ...

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XRPUSD (4h): situation chart ...

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XRPUSD (4h): situation chart ... trendline still works.

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XRPUSD (8h): situation chart ... trendline works. trend reversal point maybe reached. btc is currently the master.

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XRPUSD (8h): situation chart ... insofar ok.

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XRPUSD (1h): close up of the current situation. a second touch of the main support line is still possible. otherwise the prediction was very accurate. i am currently watching for a reentry. i bought a small part at 1 usd and bought a bit more at 1.15 usd. with a bigger amount for long i am currently waiting.

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XRPUSD (1h): in addition ... possible buy signals ...

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XRPUSD (1h): situation chart ... support line touched, maybe strong enough. we will see.

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XRPUSD (2h): situation chart ...

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XRPUSD (12h): chart adapted to the situation.

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XRPUSD (12h): update. the battle is not lost yet. should btc recover, this will also stabilize ripple and give an upward trend. currently, all coins are very cheap to buy. this could give the market a boost.

Link: reuters.com/article/us-global-bitcoin-congress/senate-spotlights-virtual-currencies-as-bitcoin-price-swings-idUSKBN1FQ0KU

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xrpusd (12h): situation chart...

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xrpusd (12h): situation chart ... development still okay.

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xrpusd (12h): Ripple could have a fundamental problem. More and more banks are now using and testing Ripple's solutions (e. g. Santander and UBS), but almost no one is using the XRP crypto currency. For many of them, using the tokens is simply too expensive. This turns Ripple into a pure software provider. That's okay, but XRP for trading is very difficult to analyze and therefore to trade. I have therefore currently decided not to continue this chart. I will not observe Ripple as closely as I have done so far. If something should change, I will include XRP in my analyses again.

last updated chart ...

BTCINVESTING

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Entrepreneur · Trader · Investor · Crypto since 2014
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