Stavros Georgiadis

Ripple Price Prediction for March 2019 – Waiting for a Breakout

🗂️📌Ripple has for now a price action that can be expressed as indecision, with a high degree of uncertainty.
Ripple Price Prediction for March 2019 – Waiting for a Breakout
You may also like:
Contents

Ripple (XRP) in February moved in a tight trading range of about $0.29-$0.355. In our previous article about Ripple Price Prediction for February 2019 we wrote that a downtrend is the dominant trend, which is losing momentum though, and we proved to be correct due to the range-bound price action. What can Ripple do in March 2019? Our Ripple Price Prediction for March will mention our technical analysis estimate, and some price forecasts by online sources to consider as potential price targets.

Ripple Price Year-To-Date Performance and Key Statistics

As of March 5, 2019, Ripple has a price of $0.3051, and a year-to-date performance of -17.25%.

  • It has the third rank on CoinMarketCap in terms of top 100 cryptocurrencies measured by market capitalization
  • Market Capitalization: 12.62 Billion and Circulating. Supply: 41.43 Billion
  • Volume: 571.35 Million, Maximum Supply: 100.00 Billion
  • 52 Week Low-52 Week High: $0.2478-$1.0835

Ripple price prediction March 2019

What are some Ripple price prediction ranges from online sources for March 2019?

LongForecast has the following Ripple price prediction for March 2019. An open price of $0.32, a low-high range of $0.25-$0.33 and a close price of $0.31 for a total monthly return of -3.1%. this forecast suggests that a range-bound price action for Ripple many continue in March 2019.

PrevisioniBitcoin estimates that in March 2019 Ripple will have a minimum price of $0.30.

WalletInvestor provides a range of values as a forecast for Ripple price this month. Its Ripple price prediction is that XRP price target in 14 days will be $0.339 on the upside and $0.310 on the downside. The downside predicted value is almost the same with the minimum price forecast by PrevisioniBitcoin. WalletInvestor has a forecast trend line which is rising and is higher than the current price line. This indicates a level of optimism for higher prices this month.

CryptoTreat has the following Ripple predictions for March 2019, which are too optimistic and as of current price unrealistic. An open price of $2.134532, a close price of $2.212322, a minimum price of $2.117962 and a maximum price of $2.220322. These Ripple price prediction ranges confirm our thesis that any price prediction attempt should be taken with a large degree of uncertainty.

Ripple price prediction March 2019 – Technical analysis scenarios

We will mention our two technical analysis for Ripple and our forecast for its price in March 2019 mentioning that this is not an investment recommendation. Our Ripple price prediction for March 2019 start with the daily and weekly charts.

Ripple price prediction March 2019

XRP/USD chart by TradingView

Ripple forecast March 2019

XRP/USD chart by TradingView

Ripple price prediction optimistic scenario

Ripple (XRP) has formed a bottom at $0.2940 on February 7, 2019 and ever since it makes higher highs and higher lows. There is strong support at the price levels of $0.2940, $0.3030, and $0.2858. The strength of the trend is weak and the strong support at $0.3030 may be tested again. The lower daily Bollinger band at $0.2970 should also act as a strong support.

Our upside target is $0.3420, which coincides with the upper daily Bollinger band and a very strong resistance level. The weekly chart shows a bullish Stochastics indicator crossover and strong support near the price level of $0.3014.

Ripple price prediction pessimistic scenario

We mentioned some bullish or optimistic notes above. Still we are not convinced that higher prices could occur for Ripple in March 2019. Both 20-day and 50-day exponential moving averages are declining. The recent strength of the trend measured by the ADX/DMI indicator is very weak, but the -DI line is above the +DI line, confirming the fact that the dominant trend is a downtrend, without being strong though.

The MACD indicator is flat, and the Stochastics indicator on daily chart has not made any bullish crossover. The price level of $0.3515 is a very strong resistance level, tested several times before. Other strong levels of resistance are $0.3180, $0.33 and $0.3425. On the weekly chart the level of $0.3180 is a very strong resistance. If selling pressure resumes, then some target prices would be $0.2955 and $0.2865.

Ripple price prediction March 2019 conclusion

Ripple has for now a price action that can be expressed as indecision, with a high degree of uncertainty. The trading range which started in February 2019 may lead to a breakout this month. The real question is will it be an upside breakout or a downside breakout? We cannot predict this. We can predict is though that long phases of consolidation in many cases lead to large price moves. If a breakout is to occur this month then Ripple should move higher than$ 0.35 or lower than $0.29.

Join our Telegram channel to get news even faster!
2448 views
👓 Recommended articles
something-wide
something-wide
Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
You may also like:
Contents

Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

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.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
179 views
👓 Recommended articles
something-wide
something-wide