XRP Breaking Down to Possibly 60 Cents

2018年2月23日

Hi All,
This is how I see XRPUSD breaking down in the next few weeks.

Although we broke out of the downward trend, we are still under the 200 sma on a 4 hour chart. The overall impact of BTCUSD is bringing the overall crypto market down as shown in my previous chart.

The MACD and the RSI also show a downward trend which I believe will provide a buying opportunity in the 60-80 cent range. This is the same issue Litecoin has with a very similar pattern. I do believe that after this point, Litecoin and Ripple can go long for big gains so it's a good time to buy in the 60-80 cent range.

Let me know your thoughts and if I have missed something in my technical analysis.
Thanks,
B

2018年2月26日

註釋

I still see downward pressures from the 20 day EMA and the 50 day SMA. We will be forming a "death cross" in 5 days if the trend stays steady.

The death cross being the cross over of the 50 day SMA and the 100 day SMA.

2018年2月28日

註釋

XRP is still in consolidation (blue square). I like Ripple as a company but the fact that their partners won't/don't use the actual Ripple coin is disappointing and so any good news doesn't affect the price of XRP. I expect that this will follow BTCUSD as a trend for a while.

2018年3月1日

註釋

XRP still testing the 90 cent support levels. It appeared there were some good gains but with every other coin lately, the volumes are much lower.

2018年3月5日

交易進行

Volume has finally entered and has gained momentum. As per my original chart shows, the next resistance will be at $1.19.