A number of you have asked for a current analysis on Ripple (XRPUSD).
So here is my view of Ripple's Key Fibonacci Support and Resistance Levels, on a Daily Chart.
It does appear to be range bound, in this wedge, and currently (at the time of writing) testing the lower limits of the Range (Support).
Hope that helps.
Sean Vengan 10+ Years Professional Trader and Trading Educator
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Great, Sean. I am watching its resistance pushing. Do you think it can push over the current resistance 0.2155 to jump move up higher?
UnknownUnicorn1063189
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@williamdinh,
I see no buy signals William, so I can't answer your question. You can just buy on Support, if you are comfortable thinking support will hold and risking your money.
That is your choice.
williamdinh
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@SEAN_VENGAN, yes, I agree. I did not see the buy signals. People have many choices today for alt coins. Most of XRP buyers are from Korea
UnknownUnicorn1063189
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@williamdinh, And maybe there's just nothing new to encourage people to buy it post Conference but it will change...
williamdinh
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@SEAN_VENGAN, Yes, this is the right time for Ripple to announce any good news and adoption. Its previous events and bullish trend was corrupted due to Bitcoin hardfork....
UnknownUnicorn1063189
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@williamdinh, once we get a buy signal we can jump in...
Box1515
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SBI just released their latest financial report and clearly stated their intent to invest a lot more money in Ripple. Could be good for a run. Keep an eye on the price action.