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Thread: Ripple Analysis

  1. #181
    Moderator cool user hesham1046's Avatar
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    The price of Ripple has been increasing and came up by 13.87% from its yesterday’s low at $0.2714 to $0.309 where it is now being traded.



    On the 4-hour chart, you can see that the price broke out from the descending triangle on the upside after the third interaction with the horizontal support level was made. As the price found support there we have seen a bounce that led the price for a breakout and a higher high was made compared to the previous local one.

    This could be the start of the 5th wave from the five-wave impulse that started in December last year after the price made the end of the significant downside move. The price hasn’t made it inside the territory of the 1st wave which makes this scenario valid and now if we are seeing the development of the 5th wave it is set to push the price of Ripple higher then on the 7th of January where the ending point of the 3rd wave is.

  2. #182
    Piplet
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    The rise and subsequent fall of the Ripple cryptocurrency made a lot of noise in the global crypto community, leaving no one indifferent. Cryptocurrency Ripple (XRP) began its epic takeoff in November 2017. Then for one coin they gave about 20 cents. But on December 9, the cryptocurrency began its rise. In just a week, it rose in price to 76 cents, and 7 days later - to $ 1.19, showing an increase of about 500% in two weeks.

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