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Ripple Technical Analysis with Updates.

Hey! I am back with Another Technical Analysis with updates!
The More likes, the More updates!

This time looking again at XRP as the best performing cryptocurrency in the despair crypto market!

So why I am looking at XRP/BTC chart and not XRP/USDT?

Because the BTC chart shows actual Ripple moves, demand and way precise candles. In USD value you may see that Ripple is losing Value, when in real its just rising in value, that why we look at XRP/BTC in short.

My portfolio is almost 80% Xrp and I still havent sold any, as I am constantly looking at Xrp and still shaking my head, when looking at the strong demand which is Ripple showing us.

In my last TA on XRP I pointed out, that Ripple is acting really strong in such despair market, and thats still true!

Lets look at current situation.

Ripple has performed sharp breakout bouncing off 8731(three good demand candles), breaking downtrend and testing 10,500 sats where XRP found ressistance, performed almost good looking double top and started retracing.

Many people thought XRP will dump hard after this ressistance was found, and in the panic in this despair market they sold their XRP.

So ripple actually dropped to 8,980, and immediately bounced off performing crazy long 15% candle, this is just another sign of XRP strong demand.

After that another ressistance was tested and another sharp test of 9,400 has occured, which result was a sharp bounce, crazy how XRP acts.

Strong volume was still in XRP and price has been fluctuating strongly, but has managed to stay relatively stable currently fluctuating between support of 9,640 and ressistance of 9,775.

And once again, XRP is in good known low volume period of consolidation waiting for another sharper move to come.

Its a good bullish sign that XRP can stay such stable even after such sharp moves and despair market.

Okay, so candles, Volume, trend and demand based on candles looks good, are Indicators looking good as well? Lets take a peek.

MACD - Shows another healthy bullish cycle, after one strong buying wave, two average selling waves occured. Lanes headed to neutral zone where Blue lane is very likely to overtake slow lane.

RSI - Seen some double tops, after second double top, a strong RSI support has been found and its somehow still uptrending, so bassicaly after a good runup, ussualy a lower demand is seen as profit taking but this time once again, its still above average, another bullish sign for XRP.

Conclusion.

Ripple will fluctuate with low volume in this tight price range for a short period of time, after that sharper move to retest 10,500 is very likely to occur.

Its hard to tell when as volume comes unpexctedly in low volume period, but after ressistance of 9,775 will get broken volume will come for sure!

Thats all from me, for now. If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .

Thanks for your time and good luck trading!

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Nothing interessting on 30 min chart, tested 9,775 level. Currently headed for 9,640 test.

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Another uptrend headed to retest 9,775

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6H, confirms 2H double top which was found "almost double top". RSI still above 60 which is above bullish level. MACD still on selling wave with no sign of trend reverse but if Ripple continues being stable on current support and ressistance, uptrend will be formed even on higher timeframes.

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1H chart, neutral RSI, neutral MACD, everything suggests consolidation in our current range for a while.

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And a Weekly overview to which I plan to do TA as well. MACD still havent found any ressistance and still uptrending.
RSI last time found bullish level 60 ressistance, this time 60 was broken and RSI was broken free. Way high above ema, even if xrp fall to 8200, it would be still considered as somehow bullish. More about weekly at another TA, stay tuned.

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Last update for the night as its late night. Ripple on 1h timeframe, trying to push through ressistance. MACD has performed bullish macd slide and RSI has to break 60 in order to break free. Funny how Bitcoin is falling and at same time Ripple is rising, strong indication.
Will hit you up with some more updates at morning, until then, goodnight.

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Just woke up, havent eated yet but XRP shown some moves during the night so lets take a peek with 30min update-
Ripple went for another test of ressistance level, was testing for a while, unsuccesfuly then went for another sharp retest of 9,775 and failed, struggling to break 60rsi level, as bullish breaking level. Two red candles appeared that had potential to break the setup and perform downtrend but luckily demand was strong once again, full closed candles above 9400 and bullish wick can be seen. Short downtrend, but sharp one, was broken by an uptrend and Ripple found its previous support level 9,640 as current ressistance with current support of 9,525.
MACD has started a buying wave and RSI found support twice at same level above 40, finding support twice at this "low" level can mean the opposite as double rsi top.

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Here is a 2 hour update, the original time frame of the Analysis. Its shame that Ripple has broken the good known rsi support level, luckily found support above 40, and the best scenario would be the same as 30min has show to us, and that by performing double bottom or at least clear uptrend which is currently being drawn. On 2h you can see how the bullish wick really looks like, looks strong. MACD failed with its test and shown another short, but somehow impulsive selling wave, third one.

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30min update, macd trying to perform another "slide", RSI tested 40 level once, but XRP still needs to see some green moves in order to remain strong. Test of 9,640 is very welcome. Trends getting tight, if those makes no moves, then xrp will stay in current price range in a while, which would be still a good sign.

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5 Min update, from the start of the selling wave Ripple created a downtrend. After macd failed to break twice in a row, sharp decline was seen. 9,450 support was tested. RSI cannot find ressistance at 40 and has to break this level and retest it as support.

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So what have I said about the RSI? It needs to break ressistance at 40 and retest is as support and exactly that happened! Nice. MACD started buying wave and succesfuly broken 9,525, curios to see if xrp can maintain above it, but looks good so far.

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Another 5 min update, heavy test of 9,450 was succesful, another downtrend broken and another uptrend was found, 9500 is current ressistance.

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on 15 min its clear, that Ripple is struggling with a downtrend. 9,400 is being heavily tested. Three last candles doesnt look that good, making pressure on 9,400. Hopefully 9,400 will hold, another bullish wick is likely to happen, lets see how this play out.

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Seems like Ripple has broken 9,400 support. Currently in gym, when I will be in front of laptop, will post an update. Stay tuned.

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Oh, and also thanks for all the support, do you like this "updates" Concept? I may do it more frequently if I see enough demand for it, hah. Thanks again!

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15 min update, downtrend is still alive. Luckily rsi has seen once again sharp bounce when fell below 30. 9,265 shown us some good support demand twice, hopefully this support level would be strong enough to break downtrend, ussualy after a downtrend is broken one sharp move is likely to happen. Remember than we are still on a selling wave on longer timeframe so Ripple would need to be way bullish to see strong moves now. Dont worry about Ripple falling by bits, its fine and healthy.

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30 min macd wants go for it, when oversold this much its easier for macd to give buy signal, lets hope for the best.

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2h chart shows how strong 9,300 is. I think Ripple will hold this support level, and if its gonna break I expect another bullish wick.

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1h chart last update before bed. Downtrend is being broken, 9300 as I said was really strong support and has shown its strenght, MACD is about to start first buying wave after whole day on selling wave. 9400 will be the first stronger ressistance but I think Ripple can handle it. See you tommorow with new Analysis on XRP with updates, see you later!

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It has been a busy day, I would love to do such "constant updates" analysis, but unfortunately I have my duties. I still study and I also have to work part time, as my BTC ammount isnt sufficient to provide me enough profit for a living. Hopefully tommorow I will be able to do similiar TA as I did yesterday. Okay buts lets take a look at 1h update for Ripple.
Ripple has performed bullish macd slide and its still uptrending in buying wave. RSi is still showing good increasing demand when being on the border of oversold. As I pointed out yesterday, 9300 is a really strong level and Ripple has confirmed my words, broken 9400 easily but found ressistance at 9500, this is still a good sign that ripple can grow and maintain its price even on higher time frame selling wave. Another downtrend after 9500 was formed and 9300 was retested again, this downtrend was recently broken and ripple found some ressistance at 9400, where is struggling currently.

TiborVrbovsky

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TiborVrbovsky

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