According to the trend line and the resistance zone, we expect the price to drop after approaching this zones. If the trend line breaks, the analysis will be updated. Its not Buy or Sell SIGNAL DYOR BY : M.TeriZ - @AtonicShark
Analysis Seriously why are you selling? I was expecting this move you can heck out my previous analysis about it, I'm buying here a lot. Just stay calm and wait for weekly signal if u want to risk low Good luck. Previous Analysis Leave your questions on comment
We have two paths to move as indicated in the image If the trend line is broken, we can think of further decline
Ripple is enclosed in a triangle Today, buyers tried to break the triangle upwards, but the long wick on the candle shows the defense of the market bears. If the upward triangle is broken, the buyers' targets will be 1.96 and 2.30.
Bulls are likely to propel xrp above resistance line of symmetrical triangle. If they succeed then next price will be $1.96 and then $2.68.
If the buyers sustain the price above $1.55, the XRP/USDT pair could rally to $1.73 and then retest the 52-week high at $1.96.
If the XRP breaks the EMA20 downward then price may drop to SMA50 at $0.56. I believe the XRP will break above $1.46 and then price may rally to the $1.55 and finally $1.96.
If the price turns down from EMA20 at $1.21 we can expect to watch the fall to SMA50. Alternatively, if the bulls push the price above the 20-day EMA, the XRP/USDT pair could rise to $1.46.
With XRP gaining support at EMA20 then rally may lead to $1.56.
Targets are on the chart, SC was my fav on 2017 now lets see if it can pump the volume is decent and pumping slowly but surely.
XRP has formed a bullflag, this follows in conjunction with my xrpusd trend reset idea that i made a month or so ago, i will link. Possible upsides include the poo fib EMA possibly could even go higher looks like a pretty agressive bullflag.
Not insignificant resistance: daily cloud, as well as daily 50ma and 200ma directing price downward. Current up channel dates back to 2017. Down channel from the ATH.
200 Smma, 50 Smma And the Fibs 2h Chart is also important
-Like Bitcoin Xrp is very reactive with Fibonacci levels -0.236 was a net stop for this coin -0.5 was a no pasaran area for this coin I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market. Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this...
XRPUSD has passed my first target, headed down towards Target 2