XRPBTC
XRP in accumulation XRP / USDT
There is a chance for xrp to go in accumulation range between Support and resistance for some time before breakout to any way
The good signs are strong monthly Support and uptrend line still hold so we are technically bullish and bullish scenario is more likely
However if bulls loss monthly Support then more longer time of accumulation at deeper zones is expected
for short term traders the best strategy is buy at Support with strict stoploss and sell around resistance
Best of luck
$XRP #XRPUSD Hold Idea, #CBDC Hype IncomingXRP has an amazing chart with huge upside potential..
CBDC's are on the rise, and banks all around the world are trial running their first iterations of a CBDC...
There is tons of evidence/speculation as too Ripple's (XRP's Creator Company) connections with The IMF and many other banking institutions.
CBDC's could potentially be built on the XRPL (XRP Ledger) & I don't wanna miss an opportunity like this..
The CBDC Revolution is going to change the world forever!
XRP,Ripple - first target - done✅. Second target - in what case❓As I said 2 days ago, the price planed to go to 0.8 zone. It happened. Congratulations. If the price starts squeezing to 0.79, only, in this case, I'll buy. Sure, we must control the situation with BTC. Unfortunately, the BTC now sets the movement of almost the entire market.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP technical levels fade while freefall to $0.65 beckonsRipple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June.
In the last week, the overall general outlook in the market has seen XRP bulls fight a losing battle. Initially, buyers focused on gains above $1, but the barrier at $1.1 only got them exhausted.
Meanwhile, the aggressive bearish wave in the market, especially this week, forced Ripple to explore the rabbit hole. Support at $0.9 and $0.8 did little to halt the declines; thus, XRP revisited a previous anchor at $0.78.
Ripple's technical picture adds credence to the bearish outlook
Many analysts believe that this a bear cycle and that Ripple may drop further. The short-term technical outlook confirms this narrative. For instance, the Moving Average Convergence Divergence (MACD) continues to dip inside the negative region. Additionally, the MACD line (blue) recently crossed beneath the signal line, a critical bearish signal.
Similarly, the Relative Strength Index (RSI), a technical indicator tracking the trend of an asset and measuring its momentum, reinforced the bearish tightening grip. Another approach in the oversold region shows that sellers have the upper hand.
For now, the path with minor hurdles is downward. Hence, immediate support between $0.78 and $0.8 is crucial for the bulls to resume the uptrend. However, another swing south might bring XRP near the primary support in May at $0.65.
Ripple intraday levels
Spot rate: $0.84
Trend: Bearish
Volatility: Low
Support: $0.78 and $0.65
Resistance: $0.9 and $1
XRP - Might Drop!XRP is obviously in a downtrend right now. This trend isn't that strong but it still makes it risky.
This coin is going down with a downtrend regression just like many other coins.
I'm seeing more drop coming because the price is getting closer to the Dynamic Resistance, and for breaking that it needs more Buy Volume, which we don't have right now. All platforms are showing that Sell Volumes are high.
My private indicators are also showing Sell Signals.
Fib and Bollinger are not showing anything strong either so you guys be careful buying this or opening long positions for now.
There is a support shown on the chart but it doesn't look that strong.
Current Market Price: $0.9375
Good Luck
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