If the neck at $0.7 breaks, we might be at the reversal sign. Watch out and trade wisely !
All TA, articles, news, fundamentals, you name it point to a major overbought / overstretched XRP price. It jump out of the B Bands, out of the up trend channel, everything. Do your own diligence and don`t let GREED and / or PANIC stand in your way. Good luck all
Good signals on the hourly chart (bearish divergence, decreasing volume, overbought) ... if history repeats itself from the last major breakout of XRP, we should be looking at the 0.786 Fib level retracement ($0.28)
Let`s see if $0.28 holds as resistance or not ...
Interesting ... the handle target can be anything between $0.25 (former resistance) and $0.20 (former support)
Interesting ... the handle target can be anything between $0.25 (former resistance) and $0.20 (former support)
Finally after a very long time XRP punched through the triangle formation (consolidation period). However, the battle is still on to see if this marks the beginning of a major uptrend. On the 5 minutes chart we can see very clear the resistance turned support between $0.26600 and $0.26900, exactly at the triangle upper edge. Most likely, with so many positive news...
Based on the above chart, it seems Ripple XRP is consolidating just below the 0.382 Fib level. The interval I considered is the $0.0085 - $0.3988 (the acquisition price disputed in the courts of law between Ripple and R3 and the historical maximum of the coin). By Monday, when all the markets open in full power after the US Thanksgiving Holiday, it will either...
Today I was watching "The Battle of the Quarter" - Ripple XRP trying to break above the Quarter Dollar resistance level. Based on how the charts look like, it seems it failed. So, following up on a previous idea, it should bounce back towards the 0.5 Fib. level around the $0.2 mark. However, as I mentioned before, even though I think that we can be short for some...
For the past two days XRP has been dragging its feet in a very narrow channel between $0.24100 and $0.24800 ... all markets are "Strong buy", but still no movement. Any bets?