The Daily View for Ripple
- At the moment, XRP’s price is up $0 (0.48%) from the day prior.
- The daily chart shows that Ripple has seen 2 straight up days.
- Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
- Of note is that the 50 day changed directions on XRP; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Ripple’s hourly price chart is shown below.
The Daily View for Ripple
- At the time of this writing, XRP’s price is up $0 (0.58%) from the day prior.
- This move is a reversal from the day prior, which saw price move down.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- Divergence between XRP’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in XRP’s price.
Below is a daily price chart of Ripple.
Featured Ripple Idea From TradingView
Below is a trading comment entitled 🔎 XRP BREAKOUT KEY ANALYSIS! 6.16.22 🔎 you may find interesting:
Hey, as always I hope you guys are doing great today, before I started I just wanted to say if you find this idea insightful or it helps you in the least a like or follow would always be appreciated as it simply supports me on my journey to doing what I enjoy, thank you. ⚡️This is gonna be a follow up to last nights Idea but basically our previous Idea/scenario proved correct/came to fruition as the market had sort of a relief rally following the Fed’s largest interest rate hike being as most of the market had already taken that into consideration and was expecting it. Anything worse would have definitely resulted in a sell off but instead we got what we were hoping for and as a result the market seems like it wants to start to pull back up being as we all know now that Inflation will have to be dealt with aggressively, but not as aggressively as the market was worried about this week. ⚡️In part with that breakout I noted to you guys that if we exited the blue marked bear pattern/channel then that would likely result in good upside which is what we have seen. Then last night I followed up on that at the top and told you guys that we would likely have a drop which always follows an impulse move and that’s exactly what happened and it brought us to that sideways channel which we noted was likely gonna happen as we need somewhere to establish camp. We are basically camping at the sideways channel and deciding on which path to pic…
