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Ripple’ XRP Price Approaches New Bottom: Traders Predict $0.2 XRP Price In A Week

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XRP is to touch $0,2 level, according to traders’ forecasts. However, some TradingView users have a different opinion. What to believe? Read the recent XRP price predictions

Ripple is shocking the crypto community: the $0.3 support seems to have failed, but it’s not the bottom yet! The current XRP price of $0.26 seems to be a weak support zone, and the crypto community is embarrassed. What to do with XRP? Buy or wait for it to get even lower? Let’s read Ripple’s XRP price predictions from tradingview and check out what people think about this crypto.

Turbulence ahead!

XRP will touch the level below $0.25

Ripple (XRP) price chart by carltonzone

The movements on XRP the past couple of days have taken a lot of us by surprise, and it might get ugly in the short-run. 

We found a critical pivot point on the new Big Light Red just days ago when we experienced the massive red candle of doom. After the extended period of boring side-banding, a few interesting hints appeared.

The current trajectory of the blue Fib indicates that we have broken free from its gravitational pull. The downward momentum has us possibly looking to touch down on the Light Blue 3.618 below. We could float around a bit, and touch that line just below $0.25. There are no pivot points that jump out at me that would indicate a pivot point changing the direction of this trend. Therefore, the 4.216 could be the next possible stop. 

There are many XRP price predictions around $0.22, and this would definitely coincide with the landing point along this current trajectory IF we blast through the remaining Light Blue fibs indicated on the chart. When we are on the underneath side of the circles on the right, in quadrant 2 in a clockwise direction, the tendency is to continue in a downward direction. The past is not always indicative of future movements, but when it’s all we have to hang our hats on, it’s the safest way to assume the direction.👉MUST READ

1 more month of accumulation

Accumulation continues

Ripple (XRP) price chart by kyer

Here’s a very interesting XRP price prediction that contradicts what’s been said about XRP in the previous day. 

The wedge we’re looking at spans over 400 days starting on August 12th, 2018 and should breakout before September 28th, 2019. This month, August, we should just see XRP accumulating between $0.30-0.32. We can only hope it gets back to $0.30 level The Monthly chart confirms this. 

September is the month our lives will change. At this point, $XRP has accumulated enough to test out of the wedge. If it doesn’t have enough strength, October will be the month this coin goes to the moon. 

You can see in May-July it tried to breakout, but it wasn’t strong enough and the whales pushed the price back down. 

According to kyer, the next move up will break $XRP out of this wedge, just like how it did at the end of 2017. All the stars are aligning for $XRP to move up, the price has been suppressed long enough. Alt season should come around Sept-October, the same time that Bitcoin/Ethereum is moving up too.👉MUST READ

Downtrend will continue

Wait for alt season – XRP will soar

Ripple (XRP) price chart by tradinginthezone2019

As expected, eventually the support was eaten up and it collapsed out of the range it’s been in for some time now, as some good traders said, it wasn’t unlike BTC at 6k in 2018. 

This is where things get interesting, XRP is now reacting to the levels set back in 2017 before the euphoria pump. Most likely, it will rally back to local resistance and then collapse further. May open a short if it gets even close to the 30 marks as this will not be reclaimed for at least a few months (unless we get alt season).

Final words

Even the current situation is not a time to panic sell. If you’re not a swing trader, this should be of no concern. The best advice is to look at the BIG picture and sit steady in the boat. For those of us looking for long-term gains, we can’t be concerned with this part of the market cycle. There will be ups and downs. But in the long run, the nastier it gets, the better. You make the BIGGEST gains on the long-shots. Remember, we are in the EARLY stages of the cryptocurrency market. The best has yet to come, and this is the dawn of a coming new financial age. 

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Ripple price analysis: XRP/USD re-enters the $0.30-zone

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  • XRP/USD went up from $0.286 to $0.306 in the early hours of Wednesday.
  • The Relative Strength Index (RSI) indicator has spiked into the overbought zone.

XRP/USD re-entered the $0.30 zone after having two heavily bullish days in a row. Over the last two days, Ripple has gone up from $0.261 to $0.306, charting a 17.24% growth in price. The four-hour chart shows us that XRP/USD went up from $0.281 to $0.306 within four hours.

XRP/USD daily chart

fxsoriginal

The previous two sessions have taken XRP/USD above the 20-day Bollinger Band, indicating that the price is overpriced. This shows that the bears will be stepping in any time soon to correct the price. The price is also trending above the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. The Moving Average Convergence/Divergence (MACD) indicator shows increasing bullish momentum. The Relative Strength Index (RSI) indicator has spiked into the overbought zone.

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XRP Skyrockets 12% as Crypto Markets Take Off

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XRP has been one of the worst performing cryptocurrencies throughout the past several months, as it has been facing significant selling pressure that has forced it to trade around its 2018 lows throughout the first half of 2019, despite the positive price action seen in the aggregated crypto market.

Today, however, XRP has incurred a massive pump that has allowed it to erase much of its recent losses, and its price is now nearing a key level that previously proved to be a strong support region for the cryptocurrency.

XRP Pumps Towards $0.30 as Bulls Flex Their Strength

At the time of writing, XRP is trading up just under 12% at its current price of $0.289, which marks a significant pump from its recent lows of $0.25 that were set earlier this week.

XRP’s pump came about after a long period of consolidation around $0.26, but it is important to note that it has so far been unable to break above $0.30, which may be its near-term resistance level.

Importantly, analysts believe that this latest pump is not an anomaly, and it may be emblematic of a shifting trend that will help lead the cryptocurrency significantly higher in the coming days and weeks.

Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that he is watching for the recent rally to be sustained on XRP’s daily chart in order to know whether this pump is truly the beginning of a trend shift.

“Time + Price. Powerful combination. No joke! Early move, I’d love a 1D confirmation for a sustained bull trend,” he explained while pointing to the below chart

Kaku is not alone in his bullish near-term assessment of XRP, as other analysts are also noting that there is a decent chance that XRP continues climbing higher in the coming days and weeks.

Crypto Thiel – another popular analyst – noted that the crypto is currently forming a buy signal on his indicator, which has historically been followed by massive upwards momentum that allows XRP to erase months of previous losses.

Assuming that XRP’s bulls are able to push it over $0.30, it is highly probable that it will significantly extend its upwards momentum and could put some significant distance between its recent lows of roughly $0.25.

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Ripple’s XRP Eyes Relief Price Rally; Here’s Why

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XRP was rising on Tuesday as investors flew out of the bitcoin market amid growing uncertainties regarding its safe-haven status.

The Ripple blockchain’s native asset climbed 1.73 percent to $0.00455 on BitFinex exchange. That brought its week-to-date gains up by more than 2.5 percent, providing one of the first signs of a relief price rally after months. XRP’s moves appeared the same against bitcoin, wherein the asset surged by as much as 4.49 percent against the benchmark cryptocurrency.

xrp, bitcoin

Ripple’s XRP looking to switch interim bias in favor of bulls | Image credits: TradingView.com

The surge occurred as market analysts awaited a plunge in the bitcoin dominance, triggered by fears that the cryptocurrency is not behaving like a safe-haven asset. As covered by NewsBTC earlier, Bitcoin remained cautious as drones attacked two Saudi Arabian crude oil production facilities on Saturday. The attack dwindled the world’s oil supply by 5 percent, sending the global stock market, including the benchmark S&P 500, down. As the equity markets plunged, long-time haven assets such as Gold, Treasuries, and the Japanese Yen surged. But bitcoin didn’t.

The mum approach prompted bitcoin traders to hedge into the altcoin market. In the last 48 hours, Ethereum climbed by as much as 6.72 percent against the US dollar – and 7.69 percent against bitcoin. The ETH/BTC instrument, as of now, is registering its four-day winning streak. The sentiment also breathed life into the XRP market, which, as renowned analyst Mohit Sorout noted, was trading in oversold territory for three months straight.

The Bitazu Capital partner said he now expects “a relief rally” in the XRP market.

Intraday Hedging

But XRP’s interim upside action could live short, after all. The Next Web reports that Ripple’s core investor base is not happy with the way the blockchain project is developing. They think the San Francisco company is dumping XRP tokens, which has even led some disappointed ones to start a petition on Change.org, titled “Stop Ripple Dumping.”

“The only logical explanation is that Ripple is dumping on us. And not small amounts either – literally, billions. We have seen the reports of them disclosing this, so it’s a fact,” the petition reads. Over 3,500 signatories have shown support.

The petitioner cites Ripple’s financial reports as evidence. The Q2/2019 report shows that the firm sold $106.87 million and $144.64 million worth of XRP in direct institutional sales and programmatic sales, respectively. Meanwhile, the Q1/2019 data brings a similar picture – Ripple sold $890 million worth of XRP to fund institutions and support exchanges.

Meanwhile, the XRP/BTC instrument plunged by more than 70 percent.

Technical analysts, nevertheless, see XRP breaking out of its downtrend – against both the dollar and bitcoin. However, with Bakkt launching the first physically-settled bitcoin futures contracts next week, altcoins could see speculators driving back to the king cryptocurrency.

Bitcoin was down 0.65 percent against the dollar at the time of this writing.

Source: newsbtc

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