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. :-)
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. :-)
Note
XRPUSD (4h): update. still along the trendline.Note
XRPUSD (2h): update. trendline still works. Note
XRPUSD (2h): update. still exactly on the trendline.Note
XRPUSD (2h): update. stop at 1.75 possible. exactly on the trendline. Note
in addition. 30 min view with a poss stop at 1.85. be watchful ...Note
update: Note
XRPUSD (4h): situation chart ...Note
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. Note
XRPUSD (8h): siutation chart ... Note
XRPUSD (4h): situation chart ... trendline still works.Note
XRPUSD (4h): no change so far. trendline still works. Note
XRPUSD (4h): right along the trend line. Note
XRPUSD (4h): trend line still works. Note
XRPUSD (4h): way down to 0.9 usd (fibo 23) maybe open and possible ...Note
XRPUSD (4h): it has exactly touched the support line. re-entered yesterday. Note
XRPUSD (4h): next possible development, if the down trend further continue.Note
XRPUSD (4h): trend line still works ...Note
XRPUSD (4h): situation chart ...Note
XRPUSD (4h): situation chart ... trendline still works.Note
XRPUSD (8h): situation chart ... trendline works. trend reversal point maybe reached. btc is currently the master.Note
XRPUSD (8h): situation chart ... insofar ok.Note
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.Note
XRPUSD (1h): in addition ... possible buy signals ... Note
XRPUSD (1h): situation chart ... support line touched, maybe strong enough. we will see.Note
XRPUSD (2h): situation chart ... Note
XRPUSD (12h): chart adapted to the situation.Note
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
Note
xrpusd (12h): situation chart...Note
xrpusd (12h): situation chart ... development still okay.Note
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 ...
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BTCINVESTING 😃
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Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.