0.23 FIBO or 0.65 usd per XRP must be the 4H near target. If the impulse is strong can break (finally) the 0.75 resistance.
If MACD signal cross and appear a green candle XRP can be a ROCKET.
Retest of 1d MA1460) or four year moving average.
Weekly short according to Feb 2020 bearish pattern which can repeat again for a 50 usd retest.
Weekly time frame we can expect a retest of 50 USD per LTC with a deep spike to 20 USD per LTC. I the drop can be fast and furious.
Its very important hold 0.004 FIB TREND LINE ( 0.22 USD per XRP) as show the monthly candle for a bullrun. We need to see what will happen with SEC`s lawsuit and how it affects XRP PRICE. Fundamentals for analysis: - RippleLabs is XRP creator but is not their security. - If you want invest in RippleLabs you need to ask in secondary market. ( for a security)...
Maybe can retest 0.17 level or less in a deep spike on 4H candle .
Lookin only into technicals: - Weekly * If Price breaks red line possibilities of retest yellow dot line ( 50 USd ) increase with a spike to 22 USD. * First support yellow dot-trend line. * Life support orange color ( 22 USD(). * MACD downtrend to zero axis, suggest bearish bias. * STOCHRSIBULLHUNTER shows short in weekly with the cross of signal lines. * RSI...
I think LTC will DROP QUICKLY in few time. Can touch de grey line 80-70 USD per LTC. Technicals: RSI its overbought and its in downtrend. STOCHRSIBULLHUNTER the signal line cross the line and show us a BEARISH MOMENTUM. MACD its in positive zone but near to zero axis, can drop.
I think XRP its the most long-term valuable coin, maybe a 100x or more. ¡The reason its the reliability about XRP tech as world payment. According this new CENTRAL BANKS CAN ADOPT XRPL like a " bridge " for CBDC ( Bank Coin ) to Cryptos. coingape.com After read this new I prefer HOLD my XRP and have more money in mi equity if XRP drops in a deep spike.
Weekly XRP need to hold 0.17 level. If it will lost, the next target level must be the YELLOW DOT LINE. I hope this will not happen o maybe will be a large spike of the bottom candle, but be aware for the worst escenario before 20 Feb ( SEC AND XRP LAWSUIT CASE STARTS In the other hand. if HOLDS 0-17-0.20 level the risk7reward can be fantastic.
Two scenarios: 1) Lower lows 0.10 level. 2) Retest 0.20 level and rebound. In this case the price will respect extrictrly the downside chanel. Personaly prefer not short my XRP, just HOLD. If XRP goes down I have mi equity fund for buy more. Take care about your trades, I think XRP will will against SEC quickly than every one thinks...so take care !
Maybe we can have a retest of 0.20 region. I hope not, its time to grow but RSI show other thing.
I thinks XRP its a currency and not and security and Ripple Labs don´t sold any security. But Jed MaCaleb, and other member are millonarie in XRP and DUMP its...YES IT IS. Thats the only valid argue over XRP project but...have solution. maybe can ban or incant the personal fortune of CEO and CTO and repart by XRP holder.
I think in short term we can touch 0.13 - 0.10 or maybe less. But long term after the XRP and Ripple Labs problem with SEC look good, - Facts: - XRP and Ripple Laba are not the same. - XRP its a cryptocurrency used by banks and institutions for world payments, similar to SPEI. - Ripple Labs its the COMPANY WHO CREATES THE TOKEN...but they are not he coin. -...