Thomas Hughes

Ripple (XRP) Six-Month Price Prediction – XRP May Break $0.80 Next Few Weeks

💰💰💰Currently trading at $0.314 Ripple’s XRP is the third cryptocurrency by market cap behind Bitcoin and Ethereum
Ripple (XRP) Six-Month Price Prediction – XRP May Break $0.80 Next Few Weeks
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Ripple (XRP) is a real-time gross settlement system and remittance network, created by Ripple Labs Inc. Ripple’s decentralized network allows for smooth transfer of money, whether it’s fiat or crypto and has partnered with roughly 200 financial institutions and banks across the globe. Its main advantage, and why it is gaining in popularity, is “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”

The native cryptocurrency is XRP, with a total supply of 100 billion, non-minable and used to provide liquidity to payment providers, banks and large corporations that use the Ripple Network. This means that there will tight demand for XRP over the long-term as the network expands.

The two major catalysts this year were when Santander started to use Ripple’s xCurrent network to power their One Pay FX, the first app for international monetary transactions powered by blockchain tech, and when Euro Exim Bank announced it has successfully implemented Ripple’s xRapid. I expect to hear more of the same this year.

Ripple (XRP) Technical Analysis – The Big Picture

Currently trading at $0.314 Ripple’s XRP is the third cryptocurrency by market cap behind Bitcoin and Ethereum. Its circulating supply of roughly 41 billion is valued at $13,042,248,777 and has been holding steady over the last few months. XRP has been in a downtrend for the past few weeks but the weekly chart shows signs that said trend is exhausted. The last lower low was created late last year, since then the pair has been lingering above $0.25 key support.

Ripple (XRP) is a real-time gross settlement system and remittance network, created by Ripple Labs Inc. Ripple’s decentralized network allows for smooth transfer of money, whether it’s fiat or cry

In the near term, price is capped by a bearish trend line. Lately, the pair has shown low volatility which opens the door for strong moves to either side. Keep in mind that strong moves which follow a period of low volatility are often reversed, without generating a trend, so be careful until a firm break to either side is made. The main elements to watch on a Weekly chart are the bearish trend line, followed by the resistances at $0.45 and $0.80.

Ripple (XRP) is a real-time gross settlement system and remittance network, created by Ripple Labs Inc. Ripple’s decentralized network allows for smooth transfer of money, whether it’s fiat or cry

On a Daily chart we can see a lot more resistance levels overhead, but the most important for short-to-medium price action are $0.32, the bearish trend line, 100 days Exponential Moving Average and the level at $0.35. A break of this cluster of resistance will increase the chances of a long term move which will have $0.40 - $0.46 area as a target. That could be reached within a couple of months or even sooner if we get a major announcement or partnership with a new bank.

Daily Chart Support: $0.28, $0.25

Weekly Chart Support: $0.25

Daily Chart Resistance: $32 (currently tested), bearish trend line, 100 days EMA, $0.35, $0.40

Weekly Chart Resistance: $0.45, $0.80

Most likely scenario: bullish action, with a break of the trend line and all immediate resistance elements; over the next 2 to 6 months it’s likely to see extended bullish action,

Alternate scenario: continuation of the downtrend and break of $0.25; if this happens, expect a retracement shortly after the break.

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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?
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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.

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