Ripple Enters Today Down -0.61%

The Daily View for Ripple

  • At the moment, XRP’s price is down $-0.01 (-0.44%) from the day prior.
  • This is the 3rd day in a row Ripple has seen its price head down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • 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.

XRP

The Daily View for Ripple

  • At the time of this writing, XRP’s price is down $-0.01 (-0.61%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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.

Below is a daily price chart of Ripple.

XRP

Featured Ripple Idea From TradingView

Below is a trading comment entitled XRP October 20, 2021 – Our Final Thoughts you may find interesting:

We will continue to post what we *think* is happening, and will happen. But here you go. Reputation on the line, this is what we are predicting will occur, presented in a series of steps with dates and prices:1. BTC will reach out to its 4.236 Fibonacci Extension and reach a peak value somewhere between 74k and 85k. The 85k (high end) represents a 1.618 extension off of the recent 65k high and 29k lows. We think it is more likely the final high is closer to 74k than 85k. Regardless, and more importantly, this will occur on October 25-26. At this time, we anticipate a value of XRP between $1.23 and $1.34, with the higher end value more likely, but anywhere in that range would be okay. 2. BTC will reverse course and head lower. We are not concerned with how low it will fall, nor do we care to speculate. During this time, the Altcoin market gener…

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