Cryptocurrencies Price Prediction: SafeMoon, Stellar Lumens and Ripple – European Wrap 16 November
SafeMoon price looks to double as it enters high probability reversal zone
SafeMoon price is taking a break from its steady uptrend as it retraces, breaking crucial support barriers. That said, it is not beyond revival. In fact, SAFEMOON is approaching a high probability reversal zone that is likely to end the downtrend and kick-start a new rally.
XLM price forms bottom reversal pattern, targets $0.40
XLM price has dropped sharply after failing to slice through a crucial resistance level on the daily time frame. The recent drop is the last piece needed to complete a bottom reversal pattern, suggesting investors can expect Stellar to make a comeback.
XRP price momentum shifts to the downside as Ripple bears take over
Ripple (XRP) price is on the back foot for a second day as bulls see their attempts for a pop higher being blocked by the tilted orange upper boundary line. Following the rejection by that and the bounce off the green ascending trend line, bears have now taken control of XRP price action. Expect further downside as bears are dictating for now. Look for proper support levels from which to pick up XRP coins at a discount.
Author
FXStreet Team
FXStreet
