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Xrpusdsignal

XRP: Another buy opportunity?Looking at the daily, XRP has created a descending triangle which is a continuation pattern of the correction that XRP is currently having. Taking a look at the Fibonacci from XRP's last big bull run to $0.78 the floor of the descending triangle has formed at the 0.62 support line. Assuming that the descending triangle follows a normal pattern, we will see XRP break down below its side-ward support and retest the 0.24 Fibonacci support line. In addition to this the RSI is teetering right in the middle at a value of 50 showing lack of direction. However when put together with the low volume in the market there is little evidence that XRP will be going toward the upside in the short term. Thanks for reading! If You like this TA please hit the LIKE button! Also, leave a comment with Your thoughts and feedback! *This information is not trading advice and is to be used for educational purposes only!
Short
by kryptokens
XRPUSD Multi Timeframe analysis holding support............If you missed the train of Ripple you can get it again but now it is on a strong support zone and preparing for an another small jump near the high of this recent rally if you didn't sell at the high you can get a second chance of selling at the near high of this recent rally. Then another dump will happen again and the price of ripple will fall to almost 0.3307$ and may even lower than that. Currently on the 4 Hour Chart Ripple stopped at EMA ribbon first, secondly 0.45410$ is the low of 2018 1st week of April working as support and 50 EMA is there. Now you can take short term trade decision by seeing the 1 Hour Chart. Main key level to watch - 0.455$ if break and close below it the we may not an another jump price will fall vertically. Resistance - 0.48$ If you are on any open position and trade your stop loss should be below the main support level 0.4510$ See the 1 Hour Chart Below.
BITFINEX:XRPUSD
by UnknownUnicorn3470358
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