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Can XLM Price Hit $0.09 Resistance In October? Traders Explain The Current Trends

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  • Vera Yurina
    📈 Price Predictions

    Will XLM price hit $0.09 resistance in October? TradingView users share their opinions and XLM price predictions with us

Can XLM Price Hit $0.09 Resistance In October? Traders Explain The Current Trends
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Stellar Lumens is staying on the current level without showing signs of improvement, but traders say that changes are slowly coming. What does it mean? Will XLM overcome the resistance areas and enter the bullish area before 2020 starts? Let’s check the technical analysis and read XLM price predictions from TradingView users.

Bullish season is coming for XLM
Stellar Lumens (XLM) price chart by TradingView

If we look at this weekly chart we will see that there’s a bullish divergence on the RSI. It means that the price is decreasing while the RSI is increasing. That's a pretty big bullish signal. It’s very likely that the bulls are taking positions for a new bull run.

But when the breakout should happen? Seems like it won’ happen earlier than in a few weeks, and other XLM price predictions prove that.

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The trend will reverse in Q4 2019

XLM trend reversal area
Stellar Lumens (XLM) price chart by TradingView

As we can see on the price chart from UTS_Trader, XLM should reach the reversal area for the current price to change. It’s located in the $0.09 price zone and higher. Thus, XLM price won’t grow sufficiently until the 9-10 cent area is reached.

Some traders say that RSI means nothing now. The breakdown point RSI was oversold and traders thought it can pump easy now and didn’t want to buy cause RSI was overbought. 

The price spike at everyone is waiting for would bring XLM to 3000 satoshi resistance area. We shuld also watch for the BTC run coming with XLM together (which won’ happen earlier than the next week).

We are doing falling wedge on 4 hr chart, so if the chart is same falling wedge completes around October 15th at 0.056 and pump comes, it looks like on that chart also it went previous week low 0.056 will be the previous week low. RSI can spike on weekly chart now it is ready to go.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says

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  • Yuri Molchan
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    A crypto trader analyses a crucial fractal on the chart, saying that a possible outcome could be $0.56 for 1 XRP by early December

XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Despite the active expansion of the Ripple ecosystem and signing up over 300 new customers on RippleNet this year, the XRP price remains below $0.3.

At press-time, XRP is declining by 2.85 percent and is exchanging hands at $0.24.

XRP price CMC
Image via CoinMarketCap

A win-or-bust XRP forecast

The community has been eager for the price to surge throughout 2019. On Wednesday, U.Today published a story with bullish forecasts regarding the price.

Today, a crypto trader @TheCryptHawk has shared a chart on his Twitter page. It shows a possibility of XRP surging to $0.56 in early December if the fractal depicted on the chart in in play.

If not, the trader says, the price may collapse to $0.17-$0.18 and then – down to $0.12.

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XRP below the $0.25 support

A short while ago, XRP dropped below the $0.25 support level, where the coin had not been in several months. This is happening despite the recent Swell conference, which was expected to push the coin’s price way upward.

The community was expecting a bull run, since last year in November, as many believe, Swell triggered it. As a result, in January 2018 XRP hit its all-time high of over nearly $4.

This year, the loyal XRP community expects a bull run every now and then but all those expectations are in vain so far. This seems strange to many, since Ripple has indeed expanded its network significantly and provided a lot of actual utility cases for XRP.

Optimists are buying on the dip while the price is low (same as many doing when the Bitcoin price drops), hoping to reap their profits later on when XRP skyrockets.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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