💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
SL= Break below S2
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Rippleforecast
Ripple price firmly holds crucial support as $2 beckons Ripple once again lost steam during an approach to $1.6. A correction began on Wednesday as bears put pressure on the support areas at $1.5 and $1.4, respectively. The news that Tesla had suspended Bitcoin payments for its electric vehicles sent the market in bloodshed led by BTC’s drop under $50,000.
Ripple could resume uptrend toward $2
The retreat from highs close to $1.6 embraced an anchor at $1.33, reinforced by the 50-day Simple Moving Average (SMA). This anchor brought back some semblance of stability in the market and prevented Ripple from exploring levels toward $1.
At the time of writing, XRP trades at $1.35 after bouncing off the critical support. On the upside, a delay is expected at $1.4, but once the hurdle is broken, Ripple bulls may start lifting to higher levels.
The Relative Strength Index (RSI) reveals that the bullish grip is becoming stronger. This move comes after the trend strength indicator bounced off support at 45 and is currently moving to the midline. A continued movement toward the overbought region would affirm to the investors that the slightest resistance path is upward.
It is worth mentioning that Ripple is not out of the woods yet based on the Moving Average Convergence Divergence (MACD). For instance, the MACD line’s divergence under the signal line keeps widening, insinuating that the bearish outlook is apparent. Therefore, it calls for caution and waiting for a validated break before going all-in on XRP.
Ripple intraday levels
Spot rate: $1.35
Trend: Bullish
Volatility: Low
Support: $1.33, $1.2 and $1
Resistance: $1.4, $1.6 and $1.8
XRP selling slows down while buyers make a comebackRipple appears to have renewed the uptrend following the flash drop from $1.6 to $1.2. Overhead pressure seems to be diminishing as bulls take control. Several hurdles have already been overcome, whereby XRP currently trades at $1.52.
Ripple’s slightest resistance path is upward
The cross-border money transfer token is immediately supported by the 100 Simple Moving Average (SMA). Other key support levels include the 200 SMA, $1.4, and $1.2. As long as support areas remain intact, bulls will have ample time to focus on building the bullish momentum toward $2.
Meanwhile, Ripple’s immediate upside is limited by the 50 SMA. A confirmed break above this level is needed to reinforce the upswing eyeing levels above $1.6.
Various technical levels have aligned for an upswing to $2. For instance, the Relative Strength Index (RSI) shines a light on an improving bullish grip. Following the dip to the oversold region, the RSI recovered above the midline and imminently headed to the overbought area. XRP has enough room for growth because it is nowhere near overbought conditions.
The Moving Average Convergence Divergence (MACD) hints at the ongoing uptrend pulling to higher levels. This bullish impulse has come into the picture as the indicator begins recovering from the negative region.
Investors are likely to increase their positions in Ripple if the MACD line (blue) crosses and sustains a divergence past the signal line. Moreover, it is a massive bullish signal when the MACD strikes above the mean line (0.00).
Ripple intraday levels
Spot rate: $1.52
Trend: Bullish
Volatility: Growing
Support: 100 SMA, $1.4 and $1.2
Resistance: 50 SMA, $1.6
RIPPLE CORRECTIONRipple is currently completing its last corrective wave iv of 3. The end of wave (C) will also make a retest to the ascending channel from which price broke out. This retracement can be expected to be around 50% of the lower degree impulsive wave iii.
Good buying price would be around $1.00/XRP, my target after this correction is $12
XRP, Ripple - wooow, only buy🔥A few days ago I showed you that the price is near a level. I was waiting for a breakout and retest and it happened. Now is a good entry point. But as always with the stop boss. One of the strongest reasons why I expect growth, is the large accumulation in the zone of $1.3 - $1.5 several times. Let's see what happens next...
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
4HR $XRP with 3 take profitseverything pointing up, trade within the trend line going up. if it breaks of course this is not confirmed anymore. 3 take profit zones
this has consolidated and held at support for sometime
once the Doge coin pump is over i guarantee you all the profits are flowing into other alt coins, tiktok and twitter trades do not take profits lmfao
XRP when M00n ?so let's sit and see where XRP will go on his next move while the King is starting to be strong again. XRP could easily reach 10$ at the end of this cycle or much more, anyone knows, time will speak. Like Fibonnacci said " Everything goes up have to go down ", according to this rule the way up could be followed by some retracements, just the basic way of traders life.
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Trading Parts :
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Take Profits Zones :
- Tp1 : 2.5$
- Tp2 : 3.5$ (2017 Bull Run ATH)
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Retracement Buy zone :
- 1$ Starting to become a good support
- 0.75 Strong support on EMA100
- 0.60 When XRP reach back this Zone it's a free gift. All in.
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Like always trade safe and Watchout for the King Moves !
Happy Tr4Ding !
XRP commences bullish comeback toward $2
Ripple resumes uptrend as bulls shift their focus from defense to hitting highs above $2.
The MACD and other short-term technical levels hint at the uptrend catching momentum.
XRP must hold the price above $1.4 to sustain the price action heading to $2.
Ripple trades at $1.41 following a 10% gain in 24 hours. The cross-border token has consistently rebounded from the support at $1.12. Earlier this week, XRP was rejected marginally above $1.5. Therefore, this is a second attempt to break the barriers toward $2.
Ripple’s technical breakout builds momentum
The four-hour chart has brought into light a descending parallel channel. The pattern has controlled the downward price action since the rejection ranges close to $2. The channel’s lower boundary support played a crucial role in stopping losses from extending under $1.
Moreover, Ripple held onto the middle boundary, as discussed on Tuesday. The support allowed buyers to concentrate on lifting above the upper boundary resistance. In the meantime, Ripple has crossed above the channel’s hurdle as well as the 100 Simple Moving Average (SMA).
On the upside, Ripple bulls have a task to sustain the uptrend above $1.4 and to close the day above the 50 SMA resistance. Here, more buyers would be called into the market as speculation builds for an upswing beyond $2.
Other technical indicators such as the Moving Average Convergence Divergence (MACD) reinforce the bullish comeback by recovering the ground toward the mean line (0.00). Crossing into the positive region will be a powerful bullish signal. The MACD line has already crossed above the signal line, adding credence to the narrative.
Ripple intraday levels
Spot rate: $1.41
Trend: Bullish
Volatility: Low
Support: $1.4 and $1.12
Resistance: $1.5 and $1.6
Ripple- Buy after the break for 2.1 targetRipple has risen 300% in only 12 trading days, and the cryptocurrency seems determined to make up for the lost time.
From a technical perspective, after reaching 2usd zone, XrpUsd is in a small correction/consolidation and is forming a triangle continuation pattern on smaller TF.
A break of this pattern would signal that the consolidation is over and the measured target is 2.1