Today when I opened the XRP/USD chart I was surprised. The first time I thought there was an attack on the site. Looks like it was, just a Halloween joke. Be careful! XRP/USD is tracked by ghosts. 😉
Here’s how the downward movement of XRP/USD has stopped. We have a new maximum that exceeds the previous maximum. After the price reached 0.217 USD, the corrective wave that followed did not drop below the last minimum (0.183 USD). In the technical analysis this means that 0.183 USD could represent the bottom. The price could re-start the trend up to 0.30 USD. We will follow the trends in the coming days and see if my assumption was correct. The volumes traded in recent days were very low.
The resistance lines are: The support lines are:
R1 – 0,23usd S1 – 0,19usd
R2 – 0,30usd S2 – 0,17usd
S3 – 0,15usd
This is the first time I can not foresee with certainty the likely direction for the next three days. The price movement of these days on XRP/USD seems to be a consolidation move, but … the price could move down in a head and shoulder pattern, or it could go up . If XRP/USD does not fall below the last minimum of 0.183 USD, we will climb to R1 by 0.23 USD passing through 0.217 USD.
The technical analysis also has such moments of uncertainty that the chart does not give you a clear indication of future direction. That is, do not buy XRP/USD of all the money. Still holding something fiat, if XRP/USD could have cheaper prices in the next three weeks.
Ripple’s Co-Founder Suggests that “Crypto Industry should Reconsider Proof-of-Work.”
Lawyer James K. Filan Says XRP Community Could Make A Huge Impact On Ripple Vs. SEC Case
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...