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Thread: Ripple Analysis

  1. #166
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    XRP/USD

    From Sundays high at $0.325 the price of Ripple has spiked down to $0.2416 at its lowest point which was a decrease of 25.73% but managed to snap back above $0.277 where the 15 min candle closed. After that, a lower low was made to the $0.275 area but soon after a recovery has started with the price moving back up to $0.32 making up the gains made until Sundays descending movement.



    At the moment the price is being traded at $0.309 as it started decreasing again after a third lower high was made, forming the resistance level from the triangle structure in which it is correcting since Sunday. But it made a retest of the local horizontal support level and found support there which is why we are seeing a bounce at the moment and a short-term minor upside move is expected from here.

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  2. #167
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    Thanks for sharing, it always nice to see how XRP changes it's value. There are plenty of different situation can happen in our life when you need to make simple exchange operation from one cryptocurrency to another one, so long story short - I could find a great platform called Godex with it's btc to xrp calculator and it really seems that it's the best calculator on the web. Did you try it before?
    Last edited by victor8NB; 08-14-2020 at 09:43 AM.

  3. #168
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    XRP/USD

    The price of Ripple has decreased by 3.47% from yesterday’s high at $0.29243 as it fell to $0.28228 at its lowest point today. At the momentum, the price is being traded slightly higher as it started moving to the upside after finding support on the still unconfirmed ascending channel.



    On the hourly chart, you can see that another upside move would be expected from where with a higher high which would be the 5th wave out of the next higher degree move to the upside which could be the starting impulse. Prior to the recovery that started last Saturday, August 22nd, we have seen a decrease of 16.6% from the $0.3277 high made last Monday. The decrease was made in a three-wave manner slightly above my second target around the levels of the horizontal support from the 12th of August when the previous A wave to the upside is.

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    XRP/USD

    The price of Ripple has increased by 15.7% from last week’s low at $0.25491 as it came up to $0.29485 at its highest point slightly below which its currently being traded. Unlike in the case of Bitcoin we have seen the price making a minor pullback after reaching its first significant horizontal resistance level.



    Looking at the hourly chart, you can see that after the price made an interaction with the horizontal level at $0.29405 it found resistance there and has started to decrease but not by a significant amount as the bullish momentum is holding the sellers in check. The price is resting on the minor horizontal support which is an early indication that the increase is likely to continue for a breakout to the upside above the significant level.

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    XRP/USD

    The price of Ripple has decreased as well since yesterday and came down by around 2.55% but manage to make up those losses and is currently being traded around the levels of the yesterday’s downfall starting point. These are the levels of the horizontal support now serving as resistance and was validated again on yesterday’s interaction.



    Looking at the hourly chart, you can see that unlike in the case of Bitcoin the price of Ripple hasn’t made a fakeout and instead made a continuation of the ascending triangle formation with the price coming to its support level again today where it found support. As the price is now in an upward trajectory we are shortly going to see if it manages to break the upper horizontal level or not, but from the steepness of the horizontal level, it looks more likely that the increase is to continue.

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    XRP/USD

    The price of Ripple has been following a similar pattern as from last Thursday when it was sitting at $0.2427 made an increase of 7.34% coming to $0.26 at its highest point. Now the price is being traded at around $0.2569 level and has started moving sideways after a third revisit to the $0.26 resistance zone.



    On the hourly chart, we can see that unlike in the case of Bitcoin the price of Ripple made a higher low on the 2nd of October after it came down to $0.22 on the 24th of September. This is when the upward movement started unlike in the case of Bitcoin whose price started showing bullish signs after the 7th of September. The price continued its increase above $0.2473 which was a significant horizontal resistance after the September 24th low.

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    XRP/USD

    From last Tuesday when the price of Ripple was $0.26 to at its highest we have seen a decrease of 8.22% measured to its Fridays low at $0.238. The price started increasing from there as it found support on the ascending trendline and came slightly above the $0.25 level but has since fallen again below the $0.2473 horizontal pivot point. Now it is again attempting to surpass the levels as it’s in an upward trajectory but we are yet to see if the momentum proves strong enough.



    Looking at the hourly chart, you can see that the price has bounced inside this ascending channel from the 24th of September when it came down to $0.22 at its lowest and last Tuesdays high was most likely the competition of the 3rd wave of the higher degree count. This is why the 8.22% decrease seen is counted as the 4th wave which fell back inside the territory of the 1st one but which can happen in a leading diagonal which this structure appears to be.

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    XRP/USD

    The price of Ripple has increased by 3.48% from yesterday’s low at $0.2443 and is currently being traded at $0.25193. This rise has pushed to price up to its minor resistance level which was the previous horizontal support and is now testing. The price found support on the ascending channels support level but dipped slightly below it at the intersection with the $0.24730 which could be interpreted as a bullish sign.



    On the hourly chart, we can see that this was been accounted as the developing 5th wave from most likely the starting impulse wave of the higher degree which will be its leading diagonal. Another possibility could be that this is another corrective channel but since the price has continuously been forming higher lows and higher high since the 24th of September another higher high could be anticipated in the upcoming period.

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    XRP/USD

    From the 22nd of October, the price of Ripple has decreased by 12.68% coming from $0.2627 at its highest point to $0.22941 on its yesterday’s low. Since then we have seen a minor recovery with the price being traded at $0.2393.



    On the 4-hour chart, we can see that the price found support at the significant horizontal zone which served as resistance and has now been tested for support after the price broke out on its upper side in August. This decline occurred after a five-wave increase that developed an ascending channel which could have been a leading diagonal from the next starting impulse to the upside. This would be a bullish scenario in which from March we have seen a five-wave impulse wave with the 5th one currently in development.

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    XRP/USD

    The price of Ripple has been increasing from yesterday and came up by around 7% from its lowest at $0.2464 to $0.264 at its highest spike. Since then it has made a minor retracement and is now being traded at around $0.2565 where the prior local horizontal support level is.



    On the hourly chart, we can see that this is the continuation of the increase from the interaction with the $0.23126 level where the price fell down after breaking out from the ascending channel. We have seen an impulsive rise with the price finding resistance again on the same level as in the case of the prior increase which was labeled as the 5th wave.

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    XRP/USD

    From yesterday’s low at $0.2636 the price of Ripple has increased by 15.77% as it came up just above the $0.3 mark. It is still in a steep upward trajectory and is likely to continue its increase.



    On the hourly chart, we can see a similar pattern like in the case of Bitcoin as the price of Ripple is its ending wave both in a lower and out of the higher degree count. A breakout has been made above its significant horizontal level on Saturday and after a retest of the level for support, the price continued increasing which was indicative of its 4th wave that has set to establish support before further uptrend continuation.

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    XRP/USD

    From yesterday’s high at $0.68, the price of Ripple has fallen by 16.37%, coming to the $0.569 level but made a recovery after and is currently being traded at $0.6399.



    Looking at the hourly chart, we can see that the price fell to the level of the first wave after the correction was made and found support there, only making a quick spike. The previous correction was a three-wave one after which we have seen a slow ascending structure. Like in the case of Bitcoin this is most likely the formation of the next impulse wave in a five-wave manner. This is validated by the fact that the price hasn’t made it inside the territory of the 1st wave on today’s pullback before continuing to move to the upside again.

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