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In the world of cryptocurrency and digital resources, there are always conflict opinions on how the future price will be. Especially considering how many projects are worth Bitcoin, it has become much more difficult to find something worthwhile. When it comes to the XRP price, short-term forecasts and expectations are everywhere right now. This is a bit unusual for one of the most stable goods on the market today.
The Big Bear Flag Enigma
Ripple XRP Get sick with this Big Bear flag, part 2 of botje11 on TradingView.com
When it comes to performing technical analysis on any price chart, there will first be many different and conflicting opinions. The chart shared by Botje11 It shows that there seems to be a big bear flag that is formed for XRP, which can easily shake things in the coming days. If this chart looks like expected, the $ 0.35 level will become very crucial for the moving XRP price.
More specifically, a decline to $ 0.35 can, according to this user, trigger a further decline of up to $ 0.32. Although this is not necessarily catastrophic for short-term XRP, one must wonder what it will mean to look at the larger picture first. One must keep in mind that XRP has seen a lot of lateral momentum lately, although this does not necessarily guarantee a bearish prospect.
A good time to go for a long time
XRP LONG of abubakaraziz333 on TradingView.com
In recent months, there has not been much positive momentum associated with XRP. Although this asset has retained its value without too much trouble, going long is not necessarily something that many users are exploring right now. Second Abubakaraziz333, now it would be a good time to go long on XRP, mainly because the highest lows were recorded in the last week or so.
Although the comments on this chart are not too kind, the original outline certainly seems to control many of the right boxes. The recent trend in XRP prices has confirmed that the lowest lows have been reached recently, even if today's dynamics could completely invalidate this table. Assuming this is not the case, however, there is a chance that XRP will return to $ 0.47 in the coming days. A bullish prospect, even if it will be difficult to achieve.
The Bearish Diamond pattern
Ripple creates a Diamond pattern of yaghouti on TradingView.com
Not all that often traders highlight a rumble on a price chart. While that form is certainly visible on the XRP price chart at the moment, it is unclear whether this will automatically lead to more bearish pressure. Second Yaghouti, the price of XRP will continue to decline over the next few days and even to $ 0.36. While that is not the biggest drop-off, it is expected that this is only the beginning of greater bearish pressure waiting to materialize.
This particular price forecast highlights some interesting aspects about the future XRP value. A decline of only $ 0.01 or less is not a big deal, although it would represent a 3% decline for the same asset. All this suggests, first of all, more price stability rather than actual bearish or bullish movements. This stability can pave the way for an interesting final month of 2018, at least for this particular digital asset.
Do you want more XRP characters? Take a look at our previous compilation of XRP pricing forecasts.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
