This is evident in the interaction between price and moving averages, especially after a death spiral which tends to result in an overreaction in price towards the downside once they cross the 100 mva. Very hard for price to suddenly retreat back above the 100 day mva without a definitive bottom or support point being established in some meaningful way ie a...
It's been very obvious for a long time where this coin is going and that is 0 cents. It has all of the characteristics of a penny stock during the dotcom crash. Great coin with potential utility but xrp really destroyed themselves by resting all of their business revenues on the pumping and dumping of this token. There are things they shouldn't have done in...
Based on the 0.236(0.32898) fib and current bearish trend in conjunction with btc rise in market cap dominance (potential retrace in usd), get ready to short xrp down to 22 cents which is the bottom level of support and what the whales have been trying to achieve for a very long time for accumulation purposes.
Have a look at my previous posts, i predicted this rally perfectly based on support levels, RSI and xrp btc convergence. I am here to collect some credit and ask that if you want more accurate trades to please follow me. 98% of my trades on xrpbtc have been correct.
This is my visual projection of where I see the main moving averages (50,100, 200) going.
This particular price pattern has unusual characteristics in the sense that it doesn't happen that frequently based on a series of 4-5 candles. The price range of these last 4 day green candles is also extremely flat. When's the last time you can say that you saw this level of netraulity between xrp and btc. I think it's a precursor to another precursor, but we...
There is no doubt in my mind that XRP is going to 20 cents as that represents the bottom level of support for the XRPUSD price. XRP cannot moon until the level of support has been reached. This is further supported by the overall trend direction, remember the trend is your friend.
look at my previous analyses. No other legs of support for price stability exist bar this one @ 0.00002800. This coin only has one direction to go - Up! There's no way this thing will continue to fall further, there's literally no more room to fall. How can you go sky diving on the ground? Better fly up to get more height.
There is a possibility that xrpbtc could drop to 0.00002200, as there is an ambiguous leg of support at this level that I didn't pick up on my charts originally. If you've entered already make sure you set your stop losses below this level.
I am no longer bearish on XRP/BTC. 95% of my calls out of about 20 on XRPBTC have be correct so far. I believe that many bullish indicators are playing out, including an XRPUSD / XRPBTC convergence, prolonged uptick in volume, ridiculously prolonged oversell on the RSI, as well as the recent bull run in BTCUSD all indicate that XRP is due for a nice rally. Rally...
All spikes in price for xrp were used to create enough volume so that the founders could dump their xrp on retail hodlers. this is a financial crime, xrp is a security without a doubt.
like always, continue to short the f out of this s-coin to about 0.00002823, take profits and we will reassess from there whether to go long or continue shorting. good luck.
All of the gains we've had over the last three months will be completely wiped out in less than one month. This chart looks incredibly bearish. Once these monthly candles form it's extremely difficult to change their course. XRP will be at 30 cents or even lower this July. That last rally we had in May was a final attempt by whales to create enough volume so...
Due to the strength of btc's network effect and the overall institutional and retail interest in btc, in conjunction with several bearish indicators such as green doji's, weak demand and low volume in XRP I believe there will be a final push below the major support zone @0.00004154 that has historically acted as a foundation for previous rally's, most notably in...
xrp has a very low probability of bouncing off support here and repeating septembers price pattern. mainly because fundamentals are still weak without actual use in terms of volume by either xrapid clients or through money gram. expect further declines from here. potentially a big sell off in xrp or a massive rally in btc.
the manipulators will not and can not let xrp take off. I believe a big manipulator is Kitao from SBI. he cannot allow xrp to take off before his exchange goes live. Someone really does not want this thing taking off, and they are waiting to get their ducks in order. Anyone got any theories as to which inteterest group may be responsible for suppressing the price?
get news today, clear usecase and utility, lots of volume will come to xrp but of course the manipulators will do this for time and memorial. The price patterns in XRP are extremely bearish in my opinion and this is further confirmed by the extreme bullish sentiment in the XRP community. A short position would be an extremely smart contrarian trade. Good luck.