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Ripple $XRP Forecast: Midweek Edition: Trending Downwards

August 08 2018 16:56 UTC

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This edition features popular Ripple $XRP technical analyses from NewsBTC, DailyFX and Blockonomi. Or jump right to today’s Ripple $XRP Forecast.

NewsBTC Analysis

View: bearish

bearish

Aayush Jindal of NewsBTC asserts "Ripple price moved down sharply against the US Dollar and Bitcoin. XRP/USD is now well below $0.3800 and it may perhaps decline further towards $0.3200."

DailyFX Analysis

View: bearish

bearish

Nick Cawley of DailyFX perceives "SEC delays ruling on Bitcoin ETF [and] Market sentiment turns increasingly weak, weighing heavily on the space"

Blockonomi Analysis

View: bearish

bearish

Nikola Lazić of Blockonomi suggests "if the price breaks this level the next significant support would be in the vicinity of the 0.286$ in a steep downfall manner"
Published: August 7, 2018

Ripple $XRP Forecast

on Wednesday August 08 2018 16:56 UTC

bearishbearishbearish

The crypto pundits say: “bearish/bearish/bearish/”.

For long positions it’s a dim short term outlook with all three experts weighing in with bearish viewpoints.

On Binance at 2018-08-08 09:51:39 the last price is 0.32559 with a 24h change down $-0.08484 or -20.67%. The trend is downwards.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds Ripple $XRP at the time of writing.

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