Thursday , July 29 2021

Will Bo Ripple (XRP) test Bullse for $ 0.5?

Ripple (XRP) declined to $ 0.2903 as of 30 January 2019, with a 73.75% drop for one year. It also decreased by 21% at the annual level. Our article on our Ripple price forecast for February 2019 will talk about some monthly ratings of other websites and present our estimate of neutral Ripple prices on the basis of a technical analysis.

Some of the basic statistics for Ripple as of 30 January 2019 are as follows:

Market value: $ 11,952,632,279 dollars, 3,457,553 BTC

Volume (24 hours): 414,712,805 dollars, 119,965 BTC

Crypto is the second largest market value

52 weeks Lowest value – 52 weeks Highest value: $ 0.2478 – $ 1.2681

2019 February Riple Price forecast for some sources

  • LongForecast has an estimated net price of $ 0.28. Low and high price ranges are between 0.20 and .029 dollars. The final price is $ 0.23. This means a monthly loss of 17% and an average price of $ 0.25. The bear's pessimism inevitably affects the prices of Ripple.
  • PrevisioniBitcoin can not offer a special price for Ripple for February 2019. Nevertheless, it has prepared a price tag according to which Ripple can increase its price in the coming months due to a joint takeover. It is expected that Ripple will increase with strong capital and thus increase the tangible value of the coin.
  • CryptoTreat looks very optimistic about Ripple. Ripple estimates in February 2019 a net price of $ 2.08, closing price of $ 2.13. The lowest price is 2.07 USD and 2.15 USD. Together we are confronted with a very high assessment of bullfighting Ripple. By the end of January, Ripple is worth $ 0.29.
  • TokenMantra, some predictions, a pessimistic Ripple rating that states that by the end of February (XRP) the price drops to $ 0.232, this is the right option.

In general, these sources had mixed views on the reporting of the targets for the price forecast for February 2019. So, in this case, how can we make a forecast based on our technical analysis?

February 2019, February, price forecast scenario – technical analysis

First, let's say a few words of our annual Ripple estimates for 2019 in the analysis. The short-term analysis based on Ripple's daily and weekly charts is as follows:

Ripple is an optimistic scenario for the price forecast

Since the current price of the Ripple coin reaches the low Bollinger level of $ 0.2944 per day, it is likely that the daily Bollinger Band will be at $ 0.3487 at the highest level. If the price rises to the level of $ 0,579, it is unlikely that the weekly Bollinger Belt will be at the highest level.

The $ 0.2933 level acts as a strong support and there is a small positive separation due to the stochastic indicator (14,3,3). From a low price of $ 0.32 to $ 0.2860, the value of the price indicated by the Stochastic indicator has slightly increased. These low levels could be a sign that the price of the Ripple token will soon be turned. The start indicator is almost identical, and this can stop the downward trend.

Riple Price Forecast Pessimistic Script

This is a trade slogan that does not always work, but we should say: Ripple will not cope with the trend. The 20-day and 50-day exponential floating averages of $ 0.332 to $ 0.3498 show a downward trend that, despite the start-up, suggests a price tag.

The ADX / DMI indicator indicates that the line -DI is above the + DI line and 20.47 or 9.66. This shows that currently the most dominant trend is the downward trend. The MACD indicator has a negative value and is downward. After the consolidation phase, Ripple moves to low levels.

Consolidation ranges from $ 0.31 to $ 0.35 and includes a period of about fourteen days. In general, there is always the latest tendency following the break-up of the consolidation phase, which is not always the applicant. If the support close to the $ 0.29 level can not be maintained, the price forecast will inevitably be low.

It is necessary to ask how much Ripple can come to lower levels. There are two potential target regions. These are $ 0.2750 and $ 0.2415. These levels are derived from the weekly chart. The level of the Bollinger band is $ 0.2415 per week.

Therefore, I must say that this is not an investment recommendation. It is also useful to say that there is an educational article. We prefer a pessimistic script for Ripple. This preference means that the trend of falling Ripple will continue in February 2019. Of course, the conditions are likely to change, but so far, the likelihood is likely to indicate the potentially low price level.

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