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Ripple market analysis: Important info. to keep in mind.

Ripple’s analysis for today is carried out on a 4hr timeframe from August 14, 2018 to current date.

Ripple market analysis, xrp usd analysis

Price action closing above ~$0.34 saw Ripple’s price confirm and double bottom which led to a price high of ~$0.79 on September 21, 2018.

The meandering action in Ripple ever since is captured in this analysis using a downward sloping channel (ideally bullish) with $0.54 and $0.32 marking the upper and lower boundary of the channel respectively.

Besides, the dotted green line on the chart indicates the 4 hour timeframe bullish trendline in Ripple. Any bearish momentum is anticipated to find support at the trendline, with a break below at ~$0.33 implying lower prices in Ripple.

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Interested in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  CHFJPY analysis (FX) can be found here.

 

2 thoughts on “Ripple market analysis: Important info. to keep in mind.

  1. […] in Ripple’s market analysis (XRPUSD)? Check out our previous work here. Moreover,  CHFJPY analysis (FX) can be […]

  2. […] in Ripple’s market analysis (XRPUSD)? Check out our previous work here. Moreover,  CHFJPY analysis (FX) can be […]

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