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XRPUSD D LONG TERM ANALYSIS August 2020 onwardsXRP has maintained strong control of overall market price sentiment despite the downfall after a long term H&S pattern cycle from 17 May 2017 - 17 June 2017. The results show from July 2019 - July 2020 XRP price momentum remains at the upper band of descending broadening wedge pattern (Purple Lines) which shows Bull's Holding & Purchasing Power remain strong despite that is was a seller's market at the point of time (BEAR Cycle). With that being said, my valuation for XRP accumulating price is under $0.331 where the current price and state shows that it is undervalued. The range below $0.662 is a tier 2 accumulating range where the risk exposure will be slightly higher than minimal for long term investment. At the point of writing, XRPUSD is the moving at $0.20-$0.21 range where the First Key Resistance will be $0.26-$0.27 after breaking all EMAs for D Chart. The others will be at $0.36, $0.48, $0.96 for now. Long Term Target remains at $5.00 -$6.00 range in the coming future.
BITSTAMP:XRPUSD
by shukranbonaparte
Ripple Price Pivotal At $0.20 As Reversal To $0.19 Lingers Ripple continues to narrow down at $0.20 after multiple rejections at the descending trendline. XRP/USD poised for declines targeting $0.19 as observed with the deteriorating technical picture. Ripple (XRP) is slowly easing into consolidation after hitting a wall at $0.21 in last week’s impeccable trading. The weekend session was characterized by sideways trading not only for Ripple but also for the other major cryptoassets such as Bitcoin and Ethereum. At the time of writing, XRP/USD is pivotal at $0.20. The upside is capped by an ascending trendline (forming part of a falling triangle pattern). Several attempts have been made to break above the triangle resistance but have not yielded. Instead, XRP is narrowing its action around $0.20. The immediate XRP/USD upside is limited by the 50 Simple Moving Average (SMA) in the 1-hour range. On the flip side, the immediate downside is embracing support at the longer-term 100 SMA. From a technical perspective, bulls seem to be losing traction while the sellers’ grip becomes stronger. The Relative Strength Index (RSI) is falling towards the average after hitting a snag at 55. If the direction remains downwards and perhaps the RSI slides under the midline (50), Ripple is likely to plunge below the tentative support at $0.1950 and refresh the levels towards $0.19. On the bright side, the Moving Average Convergence Divergence (MACD) shows that buying pressure has not been ousted entirely. The indicator holds above the midline as a show of strength from the bullish camp. Ripple needs to hold above $0.20 in order to allow buyers to keep their focus on higher levels at $0.21 and $0.25 respectively. Ripple key Intraday Levels Spot rate: $0.1996 Relative change: -00017 Percentage change: -0.87% Trend: Bearish Volatility: Expanding
COINBASE:XRPUSDShort
by CoinGape