After 29 days of a bearish trend and a drop of 36%, the price is finally going through a better period and is about to register the 3rd consecutive day of growth.
Another important detail is given by the crossover of the 20 days Moving Average meaning that, according to the Bollinger Bands, we are assisting to a trend change which can also be confirmed if the...
At Ripple, we may see a number of indicators that could guide us the direction: First, elliott wave. According to ABC, we may have seen 12345. That would lead to a correction of ABC . But also a rising wedge could crystallize out. And the Gann Fan also indicates more to 8/1. We should watch this closely the next few days. If Ripple breaks through the resistance...
The current question is: are we going to see an ascending triangle or a rising wedge? If case two arrives, we can expect a correction.
Everything else in the Chart
Happy trading
Tradinggof
I have since 2,3 and now 4´th quater had a bearish vision on the market. I still think that the market will continue its path in a bearish direction until midt of 1 quater 2019.
The logic behind this is that the bullish run in end 2017 beyond what you call normal, and in the same time a lot of bad companies rised and the market needs to clean that out, so the...
Like most of the Coins, Ripple also went through a "dark" period starting with the 19th of November which was followed by sideways movements in the last 10 days.
In this short interval, we could see the price having a daily moving average of 8.79% (or 0.0312$) and the levels where it had difficulties in advancing were 0.3986 (Resistance Level) and 0.3458 (Support...
Like most of the cryptocurrencies, Ripple was also affected by the drop in the market capitalization we could see today, losing 9.83% of it's value so far.
Based on this higher volatility, we could see the price crossing the 20 days Moving Average and ending the 10 days interval in which the trend was bullish.
At this stage, the RSI is heading slowly towards...
After sellers cured $ 0.38, the buyers tried to continue to grow and after a breakout of 0.46 this chance came out. In my previous idea , my target was $ 0.58. However, this growth took place on small volumes:
In the price zone 0.53-0.54, there was a large amount of liquidity before xrp started falling in early October:
and this price zone was an indicator of...
XRP USD
An ascending wedge is drawn on the hourly chart.
You can also see the double top vertically.
Indicators begin to bend towards sellers
Risk deal
XRP continues to oscillate within this triangle/bull flag awaiting a move in either direction. We are currently stuck in a supply zone and have remained here for the majority of the week indicating consolidation before volatility resumes and we get a break in either direction.
RSI does seem to be testing resistance again, which does show some bullish pressure...
After the insane gains XRP exhibited last week, getting into a short position has been very profitable.....AT THE RIGHT PRICE! Shorts got BURNED hard trying to go against the trend ever since its breakout at $0.27-$0.28 to the highs around $0.80. As the MACD and RSI topped out, shorts could have been entered SAFELY on the second rejection of the supply zone around...
