Hello, my friends! My name is Ivan. I am a stock market trader and right now I am also trading cryptocurrencies. Several days ago I predicted Ripple price to jump. I wrote this forecast at my website CryptomarketInvestor.com. Now you can see, the price had really broken the triangle. There was a strong jump from 0.9 to 1.03. What will happen next? Let’s try to find out…
Scenario 1: If more traders are involved, we will reach 1.15 level. But we need some “fuel” to make this jump. Anyway, it looks like there will be a short rest before this new jump. I believe in this scenario.
Scenario 2: The price will not receive support from traders and will slowly return to 0.94 or even deeper.
Subscribe to more market overviews and forecasts from Duelist guys! I hope my overviews will help you to make some money! You can also find me at my website which I mentioned at the beginning.
- Technically, the price is resting after a jump. It's a normal correction, so don't worry.
- The price was able to break a strong downtrend (red line on the chart). So technically we can assume that a bull movement for the XRP may start soon.
- The volume size increased, but the increase is not so large.
Scenario 1: If more traders are involved, we will reach 1.15 level. But we need some “fuel” to make this jump. Anyway, it looks like there will be a short rest before this new jump. I believe in this scenario.
Scenario 2: The price will not receive support from traders and will slowly return to 0.94 or even deeper.
Subscribe to more market overviews and forecasts from Duelist guys! I hope my overviews will help you to make some money! You can also find me at my website which I mentioned at the beginning.