Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
Categories
  • Bitcoin analysis
  • Crypto Coin Analysis
  • Cryptocurrencies – Trading Education
  • DeFi market analysis
  • Stock Market
Defimood

Copy Trading,
investments in cryptocurrency

Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
  • Crypto Coin Analysis

Ripple (XRP): Is there a chance to fall to $0.75-0.8?

  • 11.05.2021
Total
0
Shares
0
0
0
0
0

Since mid-April, XRP market has entered a correction, where it is to this day. The behavior of XRPUSDT buyers is quite similar to the behavior of most coins in the crypto market. Unlike ETH and a few other coins that have managed to update their highs, the XRP price has been stuck in consolidation. If we analyze the daily timeframe, we can see that a new attack of buyers began in January 2021:

Це зображення має порожній атрибут alt

The chart shows that this growth wave can be separated by the mark of $0.75. It was this mark that stopped the attack of buyers and sent the XRP market to a 2-month consolidation. Therefore, the range of $0.75-0.8 for us is the main support of buyers in the event of a powerful correction in the entire crypto market. In addition, the global trend line of growth runs in this range. During 5 months of growth, sellers tested this trend line twice: on 27 January and 24 March. In these two cases, after the trendline test, the XRP price began a frantic upward impulse of at least 200%. Therefore, for long-term investors looking to enter the XRP market, we would advise to consider the range of $0.75-0.8 as a purchase range. At the moment, the probability of testing this range is good.

Buyers withstood the first hit of the XRP price

If you look at the Ripple market locally, you can see that yesterday’s fall wave stopped in consolidation, with which buyers began to grow on 26 April:

Це зображення має порожній атрибут alt

This consolidation range was a local critical point for us, which we wrote about in our previous idea.
It was the behavior of people in the range of $1.1-1.2 that should have shown what medium-term scenario of XRP price movement awaits us. Considering that buyers have closed a panic candle of sales with a pin down, the probability of continuing consolidation until the end of May is quite high. In this scenario, a new powerful growth momentum of XRPUSDT price awaits us with a target of $2.4-2.6. A good signal to work out this scenario will be the XRPBTC price fixing above the global downward trend midline:

XRP

The chart clearly shows that buyers are trying to gain a foothold in the range of 0.00002400-0.00002600. Therefore, at the moment, this scenario will be the main one for us.

An alternative scenario will take effect if the BTC price fixes below $48,600. In this case, above $0.75-0.8 we will not buy this coin.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Related Topics
  • Ripple
  • XRP market
  • XRP price analysis
You May Also Like
View Post
  • Crypto Coin Analysis

XRP Cryptocurrency – buyers have a chance to start an uptrend

  • defimood
  • 25.11.2022
View Post
  • Crypto Coin Analysis

Monero Cryptocurrency – Does this “grandfather” have a future?

  • defimood
  • 16.11.2022
View Post
  • Crypto Coin Analysis

SOL cryptocurrency – closeness with FTX can destroy

  • defimood
  • 15.11.2022
View Post
  • Crypto Coin Analysis

Polkadot (DOT) сryptocurrency – growth forecast to $10

  • defimood
  • 11.11.2022
View Post
  • Crypto Coin Analysis

VET Cryptocurrency growth prospect to $0.07

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

The future of the FTT token is in jeopardy

  • defimood
  • 08.11.2022
View Post
  • Crypto Coin Analysis

SUSHI Cryptocurrency – main target $3.3

  • defimood
  • 04.11.2022
View Post
  • Crypto Coin Analysis

MASK Cryptocurrency – what Elon Musk and Twitter have in common

  • defimood
  • 03.11.2022
Defimood
  • Market analysis
  • General strategy
  • Copy trading
  • Deposit management
  • Assistance to Ukraine
  • About us
  • Українська
  • English
криптотрейдинг, инвестиции в криптовалюту

Copyright © 2021 defimood.com All Rights Reserved.

Input your search keywords and press Enter.