In the last few weeks we have seen a strong run on Ripple. Even for me, who has been trading for many years, this was a interesting experience. We are not talking about a small coin that has little market volume and can therefore rise extremely fast, but about a "big" coin. Currently the number 2 behind bitcoin.
Now many people wonder what happens next: Even more profit or correction?
Of course, anything can happen on the crypto market. And the price could continue to rise, but we've all learned that at some point the end could come and things will be the same over and over again. In short: what shoots up comes down again.
Fibo is a good instrument here. As the TA looks like, we have reached the top at around 3 USD. That is why we could certainly expect a correction.
How high would this correction be? Generally speaking, a correction to Fibo 38% could be expected for sharply rising prices, which would mean a price of around 1.35 USD. Furthermore, we could expect a market recovery until just below ATH. That's about $3 - naturally with market movements in between. Before we move on th next top (Fibo 1.62), at about 5 USD, we could see correction to 2 USD.
it's just a possible idea. Maybe we only see a correction to 2 USD (Fibo 62%). But I think we should take everything into consideration, including 1.35 USD.
Let's see what happens. Happy trading. :-)
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XRPUSD (4h): update. still along the trendline.
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XRPUSD (2h): update. trendline still works.
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XRPUSD (2h): update. still exactly on the trendline.
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XRPUSD (2h): update. stop at 1.75 possible. exactly on the trendline.
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in addition. 30 min view with a poss stop at 1.85. be watchful ...
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update:
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XRPUSD (4h): situation chart ...
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XRPUSD (8h): trenline still works. in principle, the situation at ripple has not changed, even if a new partner (moneygram) for ripple has appeared. And dont forget: sell good new. buy bad news. lets see the next days.
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XRPUSD (8h): siutation chart ...
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XRPUSD (4h): situation chart ... trendline still works.
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XRPUSD (4h): no change so far. trendline still works.
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XRPUSD (4h): right along the trend line.
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XRPUSD (4h): trend line still works.
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XRPUSD (4h): way down to 0.9 usd (fibo 23) maybe open and possible ...
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XRPUSD (4h): it has exactly touched the support line. re-entered yesterday.
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XRPUSD (4h): next possible development, if the down trend further continue.
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XRPUSD (4h): trend line still works ...
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XRPUSD (4h): situation chart ...
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XRPUSD (4h): situation chart ... trendline still works.
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XRPUSD (8h): situation chart ... trendline works. trend reversal point maybe reached. btc is currently the master.
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XRPUSD (8h): situation chart ... insofar ok.
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XRPUSD (1h): close up of the current situation. a second touch of the main support line is still possible. otherwise the prediction was very accurate. i am currently watching for a reentry. i bought a small part at 1 usd and bought a bit more at 1.15 usd. with a bigger amount for long i am currently waiting.
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XRPUSD (1h): in addition ... possible buy signals ...
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XRPUSD (1h): situation chart ... support line touched, maybe strong enough. we will see.
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XRPUSD (2h): situation chart ...
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XRPUSD (12h): chart adapted to the situation.
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XRPUSD (12h): update. the battle is not lost yet. should btc recover, this will also stabilize ripple and give an upward trend. currently, all coins are very cheap to buy. this could give the market a boost.
xrpusd (12h): situation chart ... development still okay.
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xrpusd (12h): Ripple could have a fundamental problem. More and more banks are now using and testing Ripple's solutions (e. g. Santander and UBS), but almost no one is using the XRP crypto currency. For many of them, using the tokens is simply too expensive. This turns Ripple into a pure software provider. That's okay, but XRP for trading is very difficult to analyze and therefore to trade. I have therefore currently decided not to continue this chart. I will not observe Ripple as closely as I have done so far. If something should change, I will include XRP in my analyses again.
@Crazy_money, no two different possibilities. if we see a down arrow at the bottom. if the up goes further arrow at the top.
Crazy_money
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@btcinvests, thanks ;) go go go go up up up ;:))))
ilkayozcelik
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hello have a nice weekend as i see you are too early today :) have you any update for xrp thanks lot best regads
SercanAtes
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Hi there ! Are u still believe that ripple will be 4-5$ end of march ?
BTCINVESTING
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@SercanAtes, honestly, no. that's just the result of my ta. i don't have any beliefs when trading. i make ta. ripple is completely manipulated and central. i didn't believe the last climb in this height. imo ripple can reach 2 $ in one day, ripple can reach 2 dollars in one day, if the company would like. they only need to spend less ripple and the price rises. so I only hold a few ripples in my portfolio in relation to other coins.
SercanAtes
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@btcinvests, i want to kill myself because of ripple. Spend all of my money . I dont believe it too by the way. Thank you
BTCINVESTING
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@SercanAtes, oh, an important lesson... never invest in a single asset. your portfolio should always be spread over several asserts. i also divide it into: daytrading, swing and invest (longterm) - 20 40 40. and I divide my portfolio into crypto, classic assets, commodities etc. I would recommend. never bet on just one horse. and something else. ta is good. fundamental analysis is just as important. I feel for you.
xlogic
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@btcinvests, have you seen ripples report from q4? their sales in comparison to whole volume is quite small.
BTCINVESTING
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@xlogic, yes, i have. right. the point at ripple is that they are selling more and more of their solution without tokens.