XRP/USD - Confirmed Bearish TrendLooking at the daily chart , XRP broke through and confirmed rejection of the bullish trend.
In the 4 hours chart , we see that Ripple formed a double top, with which the bullish trend line broke, and moved lower towards the support zone.
After that, the new resistance zone was retested with the formation of a double bottom and again jected.
Now the ripple in the double top pattern after rejecting the new resistance zone broke through its support zone and went down until it found a stronger support zone.
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This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situatio
Xrpusdshort
XRPUSD - BUY OR SELL?As seen on the chart, we have two symmetrical triangle within the supply and the demand zone.
The market is not giving a clear signal. Therefore I'm asking the question, BUY or SELL?
What do you think?
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XRP/USD - BEARISH Trend startedXRP tried to break the ascending triangle that was within the range but failed.
After that, the market did not find support on the bullish trend line and broke it, with confirmation that the range had resumed.
But with continued downtrend and confirmation of price decline and breakout of range support, we can expect a downtrend until strong support is reached.
Price targets:
Target 1: 0.40
Target 2: 0.36
XRPUSD SETUP - SHORT TO 0.47 OR LONG TO 0.495Right here is a new analysis showing us two possible scenarios.
First, to short to 0.47000 or long to 0.49510.
What do you think?
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XRPUSDT, nothing to growth.Hi friends. "Earned Pro" script show big solds from 0.41 to 0.49. I think we will took a big downward trend in near future and target 0.38850 is actually like never before.Levels thanks to X-Lines script. And dont forget to look at my previous idea where we take a bull's target 0.64. Follow me.
XRPUSD - Symmetrical triangle breakout.Right here is the symmetrical triangle. We can see price moving in between the two trendlines.
Therefore I expect price to either break the resistance trendline upward to $0.64327 or break the support trendline downward to 0.41000.
Either way, I expect price to go long.
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XRPUSDT, short to 0.38851 after bulls satisfyHi friends. Picture on XRPUSDT chart window are simple with ETH. We have a situation when exchange purchase closings and then all this bulls was satisfy. So its trend revers and we go down to target i market on the chart window. Levels thsnks to X-Lines script. Volume analisys - "Earned Pro". Follow me.
XRP- 20c region needs to be retestedAfter the XRP rally to around 75c it is now time to return back to 20c and retest a counter trendline that was broken upon the upside movement and a weekly ascending trendline, which crosses over perfectly at the price range we are anticipating. In addition, you have a 20c support floor that adds to our confluences.
XRP - Buy again at 35cOur updated chart after today's rise. As we had posted yesterday the rise was expected
but a strong resistance at 52 cents has pulled the price back to 40cents and probably will go lower before testing support at 35 cents.
NEWS:
In a Friday filing, Ripple pushed back against the SEC’s allegations, which claim that the firm violated U.S. securities laws for over seven years by selling $1.3 billion worth of XRP tokens.
“The functionality and liquidity of XRP are wholly incompatible with securities regulation. To require XRP’s registration as a security is to impair its main utility,” the response said.
In a 93-page filing, Ripple responded to each of the SEC’s paragraphs. In its affirmative defenses, Ripple stated that XRP is not a security or investment contract, and the firm’s sales or distributions of XRP are likewise not investment contracts.
“The Complaint mischaracterizes advice that Ripple received in 2012, from which a reasonable reader actually would have concluded that Ripple Credits (a past name for XRP) were not a security,” the filing adds a few paragraphs down.
Ripple is also claiming that the SEC did not provide fair notice that its sales of XRP might be violating the law.
In addition to filing its response, Ripple filed a Freedom of Information Act request for documents from the SEC on how it determined that bitcoin and ether, the top two cryptocurrencies by market capitalization, are not securities.
reference: www.coindesk.com
XRPUSD - Curved MoveXRP has some upside ground to cover before it creates the next downside dump.
I would like to see a push into the prior order block highs before continuation into the level marked, as illustrated.
I assume the majority of people would be selling from this break and retest at the current price but I'm sure the market will do some manipulating before the true move is revealed.
XRPUSD, short continue. Traders are scared now.Hi everybody. So XRPUSDT on the chart and we have agressive sells from exchange side. Nobody want long in this crypto. They too agressive. And i think they will push price down more for some buyers there. I think 0.22 its good price for it. So short continue...
Levels thanks to X-Lines script. Follow me.
XRPUSDT, strong short to 0.22 in near future.Hi friends. XRPUSDT stop long acumulation and now want go to support at 0.2176 - 0.2200. "Earned" script show too big volume of solds under 0.29. And also big solds above it levels some time ago. So my opinion its short to 0.2176 - 0.2200 in near time. Levels thanks to X-Lines script.
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