XRP at a critical Level: Huge Opportunity or a Disaster? (2)

By ModernEuler | Moderncrypto | 6 Aug 2019


Write, read and earn crypto through tips here at https://www.publish0x.com?a=1YQdJWyeOG


The last time that I posted about XRP was on June 24, 2019

I examined XRP BTC pair. It was forming an upper descending trendline with lower highs. See my previous article on XRP BTC pair here https://www.publish0x.com/moderncrypto/xrp-critical-level-huge-opportunity-or-disaster-xkyzmk

It had bottomed at 0.00004000 sat level. It had been testing to go below this support level.  It is trading today at 2730 sats. 

I broke this support line and it is consoslidating on a descending support line as you see below.



But today  I am going to analyze it in XRP USDT pair. Here is the weekly chart.



It seems that XRP has bottomed around 29 cents and it has been testing seven times this support since December 2018.

Every time it has somehow succeeded to go above this. So, is it time to buy now?

Let me look at MACD, RSI and Stochastics


As you see both MACD and Stochastic produces sell signal while RSI is neutral around 45. How about on a daily basis,


As you can see, RSI is following a declining resistance (red line) and Stochastic produces sell signal while MACD produced buy signal on July 21, 2019.

As as summary,

XRP seems to be bottomed around 29-30 cents But indicators have not given us buy signal yet except daily MACD. 

We need to wait until this consolidation finishes and moving averages and oscillators confirm buy signal.



Thanks for reading. I hope you’ve found it helpful.


If you like this content,  tip me please  with some DAI or use one of the addresses bellow:



-- Earn free Bitcoin,

         ** Sign up

         ** Cointiply here at http://cointiply.com/r/j38la and claim Bitcoin every hour (Don't forget to use the twitter promo code that is given by @CointiplyFaucet)
         ** Go to  adBTC website https://r.adbtc.top/1194404

         ** Go to https://multimining.website/signup?referral=1334 (60 sathoshis per hour)



-- Do not forget to use Brave Browser instead of Chrome ( download here BRAVE browser and get BAT token ($5)  


-- Sign up for Coinbase and get $10 Free Bitcoin:www.coinbase.com/join


-- Claim your free LiteCoins here at  https://free-litecoin.com/login?referer=265897 


-- Claim your Free BitcoincashABC here at https://www.free-bcash.comon this mobile app https://bitcoinaliens.com

-- Get Free Monero (XMR) hourl here at https://free-monero.com



-- claim your daily IOST by signing their here: https://hub.iost.io/register?inviteCode=BynaOLlBN


-- Claim various crypto coins here https://allcoins.pw/?ref=190876


For Donations: 

BITCOIN:  1DaiEgPxzzud6giRWzwyiQQ7pNpQ99QrxL

ETHEREUM:  0xfe802d48e012414e4d4cd4cdce34ea8ac08ebf24


Sign up to Publish0x and get crypto :  https://www.publish0x.com?a=1YQdJWyeOG


Sign up to Binance Exchange: www.binance.com

How do you rate this article?




A crypto and blockchain enthusiast and blogger. Writing about Crypto and trading since 2017. I cover the topics including crypto news, trading suggestions, chart analysis, etc. Follow me on Twitter @cryprostream


Let's read, write, learn, share and grow together.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.