Ripple is shocking the crypto community: the $0.3 support seems to have failed, but it’s not the bottom yet! The current XRP price of $0.26 seems to be a weak support zone, and the crypto community is embarrassed. What to do with XRP? Buy or wait for it to get even lower? Let’s read Ripple’s XRP price predictions from TradingView and check out what people think about this crypto.
The movements on XRP the past couple of days have taken a lot of us by surprise, and it might get ugly in the short-run.
We found a critical pivot point on the new Big Light Red just days ago when we experienced the massive red candle of doom. After the extended period of boring side-banding, a few interesting hints appeared.
The current trajectory of the blue Fib indicates that we have broken free from its gravitational pull. The downward momentum has us possibly looking to touch down on the Light Blue 3.618 below. We could float around a bit, and touch that line just below $0.25. There are no pivot points that jump out at me that would indicate a pivot point changing the direction of this trend. Therefore, the 4.216 could be the next possible stop.
There are many XRP price predictions around $0.22, and this would definitely coincide with the landing point along this current trajectory IF we blast through the remaining Light Blue fibs indicated on the chart. When we are on the underneath side of the circles on the right, in quadrant 2 in a clockwise direction, the tendency is to continue in a downward direction. The past is not always indicative of future movements, but when it's all we have to hang our hats on, it's the safest way to assume the direction.
1 more month of accumulation
Here’s a very interesting XRP price prediction that contradicts what’s been said about XRP in the previous day.
The wedge we're looking at spans over 400 days starting on August 12th, 2018 and should breakout before September 28th, 2019. This month, August, we should just see XRP accumulating between $0.30-0.32. We can only hope it gets back to $0.30 level The Monthly chart confirms this.
September is the month our lives will change. At this point, $XRP has accumulated enough to test out of the wedge. If it doesn't have enough strength, October will be the month this coin goes to the moon.
You can see in May-July it tried to breakout, but it wasn't strong enough and the whales pushed the price back down.
According to kyer, the next move up will break $XRP out of this wedge, just like how it did at the end of 2017. All the stars are aligning for $XRP to move up, the price has been suppressed long enough. Alt season should come around Sept-October, the same time that Bitcoin/Ethereum is moving up too.
Downtrend will continue
As expected, eventually the support was eaten up and it collapsed out of the range it's been in for some time now, as some good traders said, it wasn't unlike BTC at 6k in 2018.
This is where things get interesting, XRP is now reacting to the levels set back in 2017 before the euphoria pump. Most likely, it will rally back to local resistance and then collapse further. May open a short if it gets even close to the 30 marks as this will not be reclaimed for at least a few months (unless we get alt season).
Even the current situation is not a time to panic sell. If you're not a swing trader, this should be of no concern. The best advice is to look at the BIG picture and sit steady in the boat. For those of us looking for long-term gains, we can't be concerned with this part of the market cycle. There will be ups and downs. But in the long run, the nastier it gets, the better. You make the BIGGEST gains on the long-shots. Remember, we are in the EARLY stages of the cryptocurrency market. The best has yet to come, and this is the dawn of a coming new financial age.
Ripple (XRP) price charts by TradingView