The Ripple is made up of a further slip in the direction of the floor? In today’s Ripple rate analysis, we talk about how the XRP price is performing right now and what you should should, if you’re playing with the idea of a Long or Short Position to take. As always, the Golden rule: No financial advice but!Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!
Contents
Ripple rate in the analysis What we already know
Already at the 16.08.19 I entered my Ripple rate analysis on the XRP price, as well as its Performance. The signs so far suggest that the prognosis of to confirm nearly two weeks ago, it seems.On 14.08.19 by the Ripple rate, wrote up with a listing of just under $ 0.24, a new low for the year. This happened in consequence of the loss of a significant support line is at 0.28- $ 0.29. Since then, the XRP price is in a sideways movement and has formed a flag-like Formation.Source: trading view, but what next from here?You don’t want to buy Bitcoin, you know, but where? To decide the right provider is not always easy. Therefore, we recommend that you take the time to look at our Bitcoin Broker & exchanges comparison. Often several providers are already required to really get all the Cryptos to cover. See for yourself: Bitcoin Broker & stock exchange compared with that now read.
Slips of the XRP price more?
Probably the most likely scenario is that the Ripple rate is on the verge of writing a new low for the year. For this purpose, the following reasons:The XRP exchange rate is still in a downward trend and it is increasingly likely that a price is following the Trend rather than reverse it.Flag formations contractions, known for half way of a price movement.The volume of XRP decreases steadily. For a positive reversal of the trend, a growing volume is an important indicator.The ongoing XRP sales by Ripple, have, in the meantime, get even in your own Community with a bad aftertaste.Of course, a short-term represents a counter-movement is a possible scenario. This is the more unlikely of the two, however. In addition, I see in Ripple and the mood around XRP is little Potential for the Momentum in the Ripple rate to build up to the former support line at 0.28- $ 0.29 as the new resistance to break through.However, especially in the Crypto market, anything is known to be impossible. Therefore, since now already looking forward to the next Update around the XRP price and its Performance.
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