Ripple (XRP) Bounces But Is It Enough?

[Whaleagent]

https://whaleagent.club/ripple-xrp-bounces-but-is-it-enough/



Ripple has been in a pretty rough downtrend on the daily chart and the only hope for the bulls was the falling wedge and perhaps an RSI oversold bounce.

[stfN2128]

interesting analysis, your potential bullflagg is born out of wishfull thinking, or? 
i agree with you on the daily chart, the candles looks good so far. could be the first sign of a trend change

[arjuna BTC]

interesting analysis, your potential bullflagg is born out of wishfull thinking, or? 
i agree with you on the daily chart, the candles looks good so far. could be the first sign of a trend change

yes, and the RSI indicator already moving up from oversold area
and now the marketcap of crypto is growing again,, hope a huge demands will coming 

[AliErkic]

Centralized ripple shitcoin is coming to an end soon. I hope all people will get out before it's too late and avoid huge losses.

[jaocoincrypto18]

This is not enough as this is not what we are looking for. We expected more high dominance in talking of Altcoins comparison performance therefore hopefully that Ripple could make some more progress in the coming days.

[Xphenosis]

More on like of a downward trend and a bull trap that's not enough in my opinion. It needs more volume to say we are on the uptrend, the good thing around it its RSI it is so tempting to look to.

[JeffBrad12]

More on like of a downward trend and a bull trap that's not enough in my opinion. It needs more volume to say we are on the uptrend, the good thing around it its RSI it is so tempting to look to.

The volume is enough but it looks like ripple is moving from its oversold area.
I hope that a prediction that has been made by OP is coming true and this is not a fake signal only.
As long as ripple has been moving from the oversold area and then i just try to anticipate the fake signal from this RSI. 

[ethereumhunter]

I think that is not enough for ripple because ripple can increase so high. Last time ripple increase is more than 20k satoshi, and that was in 2017. That bounces is good, so it could be a new start for ripple to move on to the high price.

The market itself seems trying to move fast because I see many coins has raced to reach the bigger percentage, I don't know if that is the right percentage or not, but that is what I see now. Many people are still waiting for the next bull run for every altcoin, and they still buy so many coins from the market because they think that the price still at a low price, so they don't want to miss the chance.

[zacxavier]

I think you are missing something. Trading on USD pair also means price action is tethered to tether, not on bitcoin and when bitcoin price rises up XRP also rises up but losing it's BTC value so it is not a valuable rally if I must say. If we could see a lowering of BTC dominance and BTC price while XRP tether value is increasing, that I could say is the time that XRP would bounce up. A chart like this just show a correction from the oversold area of the RSI.

[slaman29]

Nope, not enough. I think it's really crazy that Bitcoin has done a x3 since the 2019 low and yet XRP has done nothing but go even lower. I'm thankful I bought at 50 cents, rather than $1 but even at this price I'm at a huge loss. Will it recover back to a dollar? I surely think so, but if we're thinking this year is the year that happens, oh we're going to be so wrong.

[ophyrim]

This bounce (reflex) is very very important according to technical analysis. This could be the final capitulation which means the end of the bear run. by the way, we are still above the strong weekly resistance.

[lixer]

Ha ha ha, you call that one bouncing? I see nothing bouncing about that, you better just start removing your money and find a better coin to invest in because as you see ripple like that, they are already heading towards being a stable coin, and I believe you know ripple is being controlled and you know the forces behind ripple are bankers, and they will never offer you what will benefit you.

This coin is just created to benefit the creator and not you, there is absolutely nothing that I can ever trust what is associated to bank. You can still continue to try your luck though and continue to waste your analysis on ripple when you have so many other options that if you put all that efforts into, then you would have made some profit from it already.

[Yamifoud]

Not really that convincing to say that Ripple is turning back in the line.  What we are seeing right now is just price fluctuations and that is even happening to all coins in the market.  Really not enough, it may be we could say that it will be hitting back the market demand if it will rise for about 20% from the current price.

[Milamol]

Ha ha ha, you call that one bouncing? I see nothing bouncing about that, you better just start removing your money and find a better coin to invest in because as you see ripple like that, they are already heading towards being a stable coin, and I believe you know ripple is being controlled and you know the forces behind ripple are bankers, and they will never offer you what will benefit you.

This coin is just created to benefit the creator and not you, there is absolutely nothing that I can ever trust what is associated to bank. You can still continue to try your luck though and continue to waste your analysis on ripple when you have so many other options that if you put all that efforts into, then you would have made some profit from it already.

Most coins are created to benefit the creator in the first place.
Another thing is that this coin should not be among the best cryptocurrencies, although, as a speculative tool, it is not bad.

[RealMalatesta]

This is not enough as this is not what we are looking for. We expected more high dominance in talking of Altcoins comparison performance therefore hopefully that Ripple could make some more progress in the coming days.

They might not make progress more than this for the main time, I think this is what the coin has been designed to operate like, I mean operate in a more stable form, if you look at the last ATH that ripple has, it was all from the last bull run in the market, just  like every other coins had increase between 2x to 1000x depending on the hype during that time, and the way that the promoters and developers are able to push it.

Right now, ripple would prefer people to be using it more for utility purposes as against store of value, so I am advising anyone to really out their mind on ripple to bless them now, but maybe in the next run of bulls, then it could heard back to that $4 again, the bull run is almost here, highest next year, all these altcoins will go to their own season too.

[sunsilk]

Not really that convincing to say that Ripple is turning back in the line.  What we are seeing right now is just price fluctuations and that is even happening to all coins in the market.  Really not enough, it may be we could say that it will be hitting back the market demand if it will rise for about 20% from the current price.

Demand is what it really needs. Being the top 3 and yet there's not much attention that it is getting for the current rising momentum of the market. Although bitcoin has been dominating the market and its share is getting larger.

Some altcoins are notably moving a little by little but with XRP, it's been tough. I have not invested to XRP but I think it will recover once other alts are pumping again, same scenario as 2017s.

[Distinctin]

Individually we have our target, for me, it's not enough but a bounce back is always good because it's a positive thing.

What I like to see with XRP is to start to recover so everyone would be happy, the current value of XRP now which is $0.27 is still very low compared to what it has previously achieve which was over $3. With this bounce back and if we are going to see some consistency, then maybe it will start satisfying the investors as not everyone of us has bought at dip, there's a lot who also bought during its peak.

[sehoon]

If we are going to compare it to the bounces before, I don't think it is enough. But overall, this is still a good sign that a bull for XRP might happen. We don't have to worry if it's convincing enough or not.

[callyf]

Hello all if I say ripple go above now and reach the most highest number to become first on cmc and it take time to reach definitely it come or not I can't say

[Reatim]

This bounce (reflex) is very very important according to technical analysis. This could be the final capitulation which means the end of the bear run. by the way, we are still above the strong weekly resistance

But Ripple price falls again today with %3 loss (together with almost all of the cryptocurrency including Bitcoin)

So I think that point wasn’t the last bear move on the prices specially Ripple(XRP)who’s not doing will this past weeks,while some currencies regain its value ,ripple continual fail the investors

Hello all if I say ripple go above now and reach the most highest number to become first on cmc and it take time to reach definitely it come or not I can't say

What?so you are telling that ripple can go number 1 rank in CMC?ofcourse it is possible considering that CMC is not trusted now and has lots of evidence having a fake Volume what can we expect truth from them?lol