XRP/BTC TA Update (Bearish Rejection?)XRP/BTC
XRP got rejected badly by the 50MA and descending trend-line resistance.
I don't think this current support area will hold as the strong bearish momentum puts the price down hard.
I'm looking at the next support area where I can place bids for Long entry provided there is confirmation of reversal bounce.
Xrpusdshort
XRPBTC Gravestone DojiGravestone Doji - ' A gravestone doji is a bearish reversal candlestick pattern formed when the open, low, and the closing prices are all near each other with a long upper shadow. A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action' If anyone knows the best timeframes used for these dojis that would be helpful.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.19913 where it could potentially rise further to 0.21469.
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XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.20785 where it could potentially rise further to 0.22555.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22555 where it could potentially drop further to 0.20951.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP/BTC TA Update (Bullish Breakout?)XRP/BTC
XRP broke the trend-line resistance with convincing bull volume. This is a strong indication of buying from the bulls especially if the candle closes bullish tomorrow
outside this downward trend-line of resistance. I'm expecting most traders will buy the 1st pullback as this coin has more juice to explore to the upside in the coming days.
XRP/BTC TA Update (Bottom at 2560 sats?)XRP/BTC
XRP may have temporarily found new support at 2560 sats area and currently testing the 12 Daily EMA dynamic resistance. If XRP can maintain this level of support in the coming days,
I would expect the price to further gain upside up to the 26 EMA or the downward trend-line resistance before retesting back to form a Higher Low if Bulls can hold the 0.786 Fib level.
XRP (XRPUSD) Market Outlook | Daily Crypto Market BreakdownSimilar to BTC I feel that we are going to be falling lower soon. If XRP fails to break and close above 0.20 then I feel we could fall back down to 0.15 It is still to early to tell. I will update everyone if I see any changes in market conditions!
Do You Want to Buy XRP at a Discount ?PrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at XRPUSD.
News and Fundamental Analysis:
Fintech startup Ripple announced the launch of a new project called “xSongs”, which allows musicians to sell their work for XRP on a special platform. Payment is made through the Payburner integrated payment system.
At the time of writing, XRP is trading at $0.18, which is the lowest price the token has traded at since early-November 2017, which represents a painful 95% decline from its all-time highs.
Technical Analysis:
2019 was definitely not the year to buy XRP’s many dips. The third-largest cryptocurrency just kept spiraling down without showing any signs of reversing its strong downtrend.
If the trading volume doesn't increase in the short-term, bears will continue to push XRP's price to its next support zone, which is the best location to place buy orders.
RSI is clearly oversold.
Support Zone: $0.156 - 0.126
Resistance Zone: $0.23
Market Cap: $8 617 420 343 USD
Volume (24h): $1 919 553 863 USD
Circulating Supply: 43 310 265 523 XRP
Watch closely for our future updates to be the first one to get well-timed trading signals!
Best of luck with your future trades!
XRP to move to $0.12In this present moment, we are witnessing Ripple decline which was pretty much the trend this year. From a techncial standpoint, price is showing potential to continue it's decline to $0.12 where we will meet a solid point of support. Should price move to this zone, we will review it again for a sense of direction.