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It was a challenge for Ripple (XRP) to surpass his 45, 860 Satoshi recorded earlier this month. Unless its price continues to rise above 21 EMA in the coming days, Ripple (XRP) should seek strong support. However, there are hopes of a swing over the price of 21 EMAs in the days to come based on wave trends.
The 21 EMA remains the benchmark for Ripple (XRP) if it hopes to overcome Bitcoin (BTC) and exit the Territorial Limit However, if the XRP price were to remain below this benchmark for the next week, it could fall further. Starting at 45, 860 which is currently, XRP can go to a minimum of 41, 547 if things do not change.
If this happens, XRP should look for support, strong on this. Apart from this, he would be forced to complete the BTC correction if only for the main time. A RSI chart for XRP / BTC has revealed that XRP may not be outside the limits of the current interval before the next week. Nevertheless, the analysis of the wave trend offers some hints of hope. It foresees a possible interruption of the 21 range of EMA linked to Ripples (XRP) and a looming prospect
Investors and long-term forecasts
Many investors seem comfortable only with a short-term framework or perspective . When an analysis shows that investment can take some time, it seems ridiculous to many. Of course, past performances do not always guarantee future or present success. However, it does not seem that long-term forecasts or trends would soon end. And unlike short-term frames, long-term frames are harder to manipulate.
The XRP / USD above, among other things, indicates that the XRP price has only finished a model similar to Gartley bullish. Likewise, it shows that at the beginning of August XRP was able to get support above the trend line.
Despite the RSI version of the graph shows a wedge that is falling deep. This decline, according to the graph, started back in 2017. As such, influencing the result could now be almost impossible. Yes, it is possible that RSI initially breaks under the wedge, but with time, it is estimated to increase again.
Anything short of the above prediction would be to crumble technical analysis of years ago, in fact also for XRP. Understandably, many members of the crypto community might want to sit back and watch how the trend goes after the expected explosion. But then macro trends like the one provided here help to understand what to expect in the short time.
As such, while studying what happens to the price on a daily or 4H frame, it is also good to keep the big picture in mind.
