Tron (TRX) and Ripple (XRP) Price Analysis: Where do we go short-term?

Tron and XRP have been one of the most active coins on the market in terms of price. XRP has been especially joyful in jumping up and down in double digits increases and drops.

Today we bring you couple of near-term predictions for both coins:

TRX

Trader atrochet46

If BTC 0.53% doesn’t pump it don’t see TRX -1.65% going above 376
Had a tiny long from 355 but closed it at 375 as I don’t feel comfortable sleeping on this while BTC 0.53% is still is the 4H OB. I will long again between 355-345 with stops under 330. It could clearly be a retest of the resistance after a fakeout and dump to 270-300. 

Trader LC9:

SOLID RAISE INDICATORS. WE WILL SEE WHERE IT TAKES US ..
WE SHOULD BREAK THE 395 SAT TO THEN TRY TO BREAK THE 427 SAT 

XRP

Trader koen2k:

Were i .take a short or long position, first LONG support line i will ignore because if we do break this support due to BTC 0.53% downfall, i’m still safe.
Ripple made us happy with a green line in the quotations rates in the first month of autumn. Many experts say that it’s time to buy Ripple and wait … for that very hour when it makes a hit again.Such a sharp rise in prices is explained by the positive XRP news background. Ripple representatives said that a commercial version of the xRapid payment platform may soon be launched. Besides, it has become known that an American bank which is one of the top 10 largest banks intends to use RippleNet to process international payments of its customers. The technology being applied in practice is a positive factor for the reputation of the project.Until today, the price chart has attempted to settle in the rising channel , which originated in 2017. However, today we have seen a breakout of support and a decline.

Based on the RSI , the overbought decline can give a new impetus to growth, and, globally, we will see attempts to settle in the rising channel .

In case of a decline, the next pattern target can be 0.36. Intermediate targets at the top are 0.6; 0.75 and 0.96.

We currently recommend buying from the level of 0.42. The transaction target is 0.46 and 0,51.
Instead of a stop order, we would rather use “averaging”, because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Felix Küster

Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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