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XRP: To $0.50 – ThanksGiving Weekend

It’s possible based on both XRP’s market sentiment, the thanksgiving discussions over the table and the upcoming fundamental drivers for both XCurrent & XRapid that XRP will shoot up close to 11% over the weekend to $0.50.

What does the 6H Technical Analysis Say? 

  • XRP is currently highly oversold – a fall to $0.443 at the bottom of the bullish triangle pennant would see the RSI Stochastic cross-over and initiate buy signals.
  • The same could be true for the MACD where a fall to $0.443 would initiate buy signals.
  • There is a triangle bullish pennant available to see, historically it is known for a breakout.
  • A breakout above the pennant would see XRP seek to fill the volume gap at $0.47 before making a run for previous session ranges.

What does the Lower time frames say?

  • The RSI Stochastic appears to be falling on the lower time frames this would coincide with the bottom of the triangle pennant at $0.443.
  • There are small traces of volume in XRP – unusual for XRP – this could present itself as a bearish or bullish opportunity. Should XRP fall, this would fall to weekly lows at $0.41. Should XRP pump, this would cause it to go past the 200MA all the way to $0.49.

Nouvive sees an investment strategy for $0.439 or 0.443 with a take profit at $0.496.

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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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