Analysis: Ripple (XRP) course drops to $ 1.90, but recovers in no time – Passionategeekz

Ripple has held strong this week. The price fell to $ 1.90, and then rise by 15% to $ 2.10. How does this continue?

How is XPR being like?

To analyze this, we will first first look at the daily graph. Here every candle stands for a day, so that we get a good picture of the most important price levels and the trend of XRP.

That trend was down for a longer time. As you can see from the orange arcs in the graph above, the coin has been moving for a longer period with increasingly lower lows. This is not exactly good for the price forecast, but the blue zone prevents XRP from sinking further.

This is a place that has been providing reactions for some time; The first time in April 2018. Then Ripple made a local highlight around this race, after which the coin went to a major decrease. It was therefore plausible that this place would remain important in the future.

It currently serves as a support not to drop further than 1.80/1.90 dollars. There are still enough buyers who want to buy Ripple for this price – exactly as we saw again this week.

Can Xrp return to this purple line?

But to analyze that better, we have to look at the 4-hour graph. Here we can see the course in more detail, so that the fall to the blue zone and two other price levels become clear.

We already treated these levels in the previous analysis from Xrp. There we said that a decrease under his previous low point (the green line) could ensure a further movement towards the blue zone. In the meantime, this has played exactly the same way, and the coin has also received support at 1.90 dollars.

In the meantime, the price is therefore moving again above this price level, and we can hopefully prepare ourselves for a further movement up. If the coin also exceeds its previous peak (purple line of 2.59 dollars), it is already a party. This broke the downward trend, which usually has a very positive effect.

Of course, XRP still has a long way to go. This line is still 18% away from the current course. In the meantime, we do not want to see that the course will continue to make lower losses, because a decrease under blue will probably turn out poorly.