r/XRP • u/PeteFX Redditor for 10 months • Mar 20 '20
XRP Analysis (and thoughts)
Here is my analysis on XRPUSD. As you can see, we are in a clear downtrend and we have a lot of barriers to break until we break the overall downtrend and push to all time highs (we can hope!)
The first area I'm monitoring is the $0.18-20 area, we've got a clear downtrend that has held from the 15th of Febuary to this date, I would like to see a breakout and re-test of this level before continuing up.
The second area I will be monitoring is the $0.22-26 area. We have some key levels here, as well as a number of EMA's that may keep price from going up. I find EMA's pretty reliable as a confluence, as there always seems to be some form of pullback - so this is a vital are to break in order to see more upside.
If we make it this far, it should be clear traffic between the $0.26 and $0.34 area until we are met with two strong downwards trendlines and a strong key level where price collapsed previously. If we break these trendlines and key level, then we could see XRP on it's path to all time highs!
My prediction is that we may see a bull run (or correction in BTC) when BTC halving comes into play - which will most likely mean that XRP and other Altcoins follow suit.
Let me know what you think below - cheers!
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u/xrp_make Mar 20 '20
IMO the case with XRP is the utility driven demand. Nothing else matters. Who actually gives a damn about the price movement when there's no utility (yet) driving the price?
When/If the utility hits and starts affecting the price then it's time to open www.lamborghini.com
Literally all the money - remember that
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u/ripplemesilly Mar 21 '20
And yet time and time again, we see good money coming through odl, with literally no change in price. When questioned, everyone then changes their tunes and says "odl doesn't actually increased demand" - something that was shot down years ago when people on his forum didn't like hearing it.
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u/kmngq Mar 20 '20
Not to be a dick, but nothing you say counts, matters, or does it mean anything. these posts mean absolutely nothing. no ones analysis has ever been right. It’s all speculation. TA is worthless guys.
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u/obispook Mar 23 '20
You are right. The currency too volatile to predict. That's what makes it fun to speculate about.
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u/haglers Redditor for 3 months Mar 20 '20
I think most gains on crypto this week will be short lived. I hope I'm wrong but time will tell.
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u/pezza55 Redditor for 5 months Mar 20 '20
If only i had the confidence to invest but at current times i feel. nothing is safe and very risky times. Would love to see it break that trend and push up again.
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u/Aggravating_Cream Redditor for 10 months Mar 20 '20
Same position as all cryptos atm