Ripplelong
Technical Analysis: Ripple Blasts Past $0.30
Ripple could retake its third spot in the market especially if gains are contained above $0.30.
XRP/USD would seek support at the 12-day SMA, the 21-day SMA and the 61.8% Fibo in the event of a reversal.
Ripple price is currently hovering above $0.30 after a significant growth pattern from the weekend lows at $0.26. There was an extreme struggle at $0.29 but the generally up-trending cryptocurrency market made it achievable. In August, XRP spiked above $0.30 severally but failed to hold above $0.3250 (monthly high). This dented the bulls’ morale because containing the gains above $0.30 become a big challenge.
The surge above this critical level, comes amid Tether (USDT), expanding market share. This is not the first time XRP is losing its predominantly third position to the largest stablecoin. At the time of writing, data by CoinMarketCap shows USDT’s market capitalization at $13.432 billion. It is marginally higher than that of XRP, currently at $13.430 billion.
On the bright side, the ongoing rally has just commenced. Trading above $0.30 is key to the bulls as it is likely to give XRP a boost above the next hurdle at $0.3250. More buyers are likely to join the market as long as XRP proves that it is able to hold above $0.30 short term support.
Meanwhile, the technical picture is in support of the bullish trend experienced from the support provided by the 61.8% Fibonacci level of the last swing high at $0.3469 to a swing low of $0.1109. For now, buyers will remain at the helm of the price actions but in case of a reversal below $0.30, the 21-day SMA and the 12-day SMA will come in handy. The MACD and the RSI clearly show that in the short term, bulls will remain in dominance.
Ripple Intraday Levels
Spot rate: $0.3001
Relative change: 0.00292
Percentage change: 0.96%
Trend: Bullish
Volatility: Expanding
XRP/USDT: Approaching Immediate Term Resistance 15m (Jul.29)X Force Global Analysis:
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In this analysis, we explore XRP's 15 minute chart, identifying key support and resistance zones to determine its probable scenarios.
Bullish Evidence
- To begin with, it's important to note that just as many other bullish altcoins, XRP is trading within an ascending parallel channel.
- It has been creating higher lows and higher highs
- The 20 Simple Moving Average (SMA) has formed a golden cross with the 50 SMA, providing strong support for XRP
- It has been going through phases of consolidations and breakouts. It recently broke out from a bullish pennant, and is currently consolidating once again
- We also see a hammer candle marked by the green circle, indicating strong buy interest near support zones.
Bearish Evidence
- However, it's important to note that we are trading close to the channel resistance
- We are also seeing local resistance at 0.23388 USDT, where the previous high candle had closed
- A break and close above these resistance levels are necessary for further bullish movement.
What We Believe
We believe that it's important for traders to wait for confirmation on XRP's price movements for now. While the bullish momentum is apparent, prices are trading near temporary resistance levels.
Let us know what you think in the comment section below
Trade Safe.
XPRUSD with a solid breakout!Ripple breaking out of pennant, Short term PT 0.2364, 0.2750 very possible in around 3 months! Bellow 0.22 this chart gets invalidated.Keep your eyes on it!
Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.21
TP2= @ 0.23
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
SL= Break below S2
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Don't miss the great buy opportunity in XRPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.21
TP2= @ 0.23
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🤢🤮 Ripple Has Not Looked Attractive. (XRP)💰 LET'S GET INTO SOME RIPPLE ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- 3day Chart
- Red Engulfing Candle
- 3/3 EMA DOTS Red
I displayed the the curve of downward price action as we have been dropping red consistently and have been red the last 3 weeks on ripple. Based off the curve of the overall trend I think this one could get real ugly. Your main Resistance is literally a straight drop.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER