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Ripple Price Analysis for March 2019: $0.31 Target Level โ€” The Uptrend Is Here. Why Should You Buy XRP Now?

  • Vera Thornpike
    ๐Ÿ“ˆ Price Predictions

    ๐Ÿ“ˆ๐ŸŒทRipple price in March 2019 โ€“ $0.31 threshold should be reached for us to see XRP price soar. Why is buying XRP is a good idea?


Ripple Price Analysis for March 2019: $0.31 Target Level โ€” The Uptrend Is Here. Why Should You Buy XRP Now?
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Disclaimer: The opinion expressed here is not investment advice โ€“ 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

Short lead: Ripple is to enter the uptrend periodRipple is following the path of many other altcoins and seems to be slowly rising. The hopes of traders are reviving, and they see the current period as the perfect trading opportunity. Why should you consider investing in Ripple right now? Letโ€™s see Ripple price analyses and forecasts from tradingview users.

The uptrend in XRP/USD is about to start

Itโ€™s time to buy Ripple!


Ripple price chart from ForecastCity

ForecastCity has analyzed the XRP/USD chart and concluded that the beginning of the uptrend is around the corner. The price is below the 21-Day WEMA, which signifies the dynamic resistance. RSI is at 44, which only proves this suggestion. However, if the price downtrend in the daily chart does not get broken, the bearish wave might go on and on.

Anyway, the current situation is perfect for trading. Hereโ€™s what ForecastCity recommends:

โ€œThere is a possibility of temporary retracement to suggested support zone (0.28900 to 0.24540). if so, traders can set orders based on Price Action and expect to reach short-term targets. The beginning of entry zone is 0.28900, ending of entry zone is 0.24540.โ€

How do you know you are approaching a โ€œBuy zoneโ€? Look at when some of the reversal patterns are formed ("Bullish Engulfing", "Hammer" or "Valley"). Do not enter trading when the price approaches reversal patterns, but those are not formed.

Itโ€™s time for upward ABC correction

Ripple is through ABC correction

Ripple price chart from zmassey

Zmassey has decided to apply some rules from Elliott Wave Theory: wave 3 cannot be the shortest of the three impulse waves. That means that the fifth wave ended in February at the value of $0.28. If this wave is still in motion, wave 3 should be the shortest one, which invalidates the theory.

If thatโ€™s true, the bullish period is expected for XRP โ€“ we will witness ABC correction from here. Considering future collaborations and technical advances of Ripple, that might be true.

Watch for Ripple channel

Ripple will enter a bullish zone after reaching the 0.3145 level

Ripple price chart from JFD_Research

Ripple is very close to the lower bound of the rising channel formation. At the moment it stays neutral, but can easily crawl to the key resistance and support levels. If Ripple rebounds, it can be a good sign โ€“ a bullish period can get the cryptocurrency back. But before this happens, we should see a confirmation break above the 0.3145 level.

However, if the channel is broken and the rate goes below the 0.3050 zone, this may lead the crypto to the lowest point of February 1st, near the 0.2915 value. Thus, you can either buy XRP now or wait a bit for it to fall a little (which might not happen).

We should exceed the $0.31 level

The $0.31 threshold should be overcome

Ripple price chart from coinkilavuz

This user has pretty much the same opinion. He claims that we should exceed the 0.314 level. If it cannot be exceeded, Ripple will target the 0.304 level.

Ripple is on the verge of a breakout, and it needs just a bit of support from traders. Anyway, this March is expected to be a positive period for this crypto asset. As the ice begins to thaw, so does Rippleโ€™s bearish period.

XRP/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice โ€“ 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.

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) โ€” Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    ๐Ÿ“ˆ Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) โ€” Should Buyers Fix Their Profit or Not Yet?
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Disclaimer: The opinion expressed here is not investment advice โ€“ 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

The situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are โ€™โ€™relaxingโ€™โ€™.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTCโ€™s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

๐Ÿ‘‰MUST READ Ethereum 6 Month Price Prediction โ€“ ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019
Ethereum 6 Month Price Prediction โ€“ ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019

However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETHโ€™s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

๐Ÿ‘‰MUST READ XRP Price Prediction: huge profit warning detected. Ripple bulls in anticipation of rapid growth
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An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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