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Rippleusd

Ripple Price Prediction: XRP Must Hold Above The 50-Day SMA To A• Ripple price is locked in tight price range a symmetrical triangle chart pattern has emerged. • XRP may make a big move to the downside as the price volatility decreases. • Key support is at $1.0586, where the 50-day SMA emerges as a foothold for Ripple price. Ripple price hovers at $1.0859 with a neutral bias even as the Ripple vs. SEC lawsuit continues to drag. Both parties continue to make compelling arguments as many in the cryptocurrency community believing that Ripple has an upper hand. Coinbase CEO Brian Armstrong has joined the growing support for Ripple against the SEC claiming that the blockchain company’s performance on the lawsuit is better than expected. As a result, the Ripple community has come out strongly demanding that Coinbase relists XRP. In the meantime, XRP risks massive losses if it fails to hold onto crucial support. The price of the international remittances token must hold on to this line of defence to avoid plunging to $0.5784. Ripple Price Chart Pattern Aims For 46% Decline Ripple price has spelt out a symmetrical triangle pattern on the daily chart, indicating that the bullish and bearish pressures are generally cancelling out. The horizontal price action points to decreasing price volatility hinting at a possible breakout in either direction in the near term. This is validated by the horizontal movement of the Moving Average Convergence Divergence (MACD) indicator close to the neutral line. The measured target of the symmetrical triangle is either a 46% climb to $1.5890 or a 46% decline to $05784. Ripple price is holding on to its last line of defence at $1.0586, where the 50-day Simple Moving Average (SMA) coincides with the support line of the governing pattern. Failing to hold the XRP price above the aforementioned support level could mean trouble for the bulls, as Ripple would be susceptible to further losses, dropping 46% towards $0.5784. Before, XRP hits this bearish target, the altcoin may find support around from the 200- and 100-day SMAs at $1.0279 and $1.0162 respectively. On the flipside, should Ripple price favour the bulls, and break out above the immediate resistance at $1.10, the odds of XRP/USD moving upwards to hit the 46% upswing to $1.5890 will be increased. However, before the cross-border remittances token reaches this target, it has to overcome a number of obstacles along the way. The first hurdle is at $1.1411 major resistance level and the second is at $1.1615. The last resistance is the $1.20 psychological level which coincides with the resistance line of the governing chart pattern. Until XRP price slices above the upside resistance trend line of the governing technical pattern, the recovery will have to wait a bit longer.
BINANCE:XRPUSD
by CoinGape
XRP Loading up for a big move! Here's a quick Look at XRP 6 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a bigger break to the upside soon - BTC just need to get stable! Definitely one to keep an eye on. The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart. Targets: 1. 1.22$ 2. 1.3$ 3. 1.4$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
XRP Is About to Explode!Hello, everyone! Let's continue to practice in Elliott Waves by Trading Chaos. I found the potential long trade on XRP. We can see that global Waves 1 and 2 have already finished with the classical 1-2-3-4-5-A-B-C cycle. Now XRP is in the Wave 3. Look inside the Wave 3 The Subwave 1 of Wave 3 have been already finished and now the price formed clearly A-B-C-D-E triangle correction. Subwave 2 have already reached the target zone and formed the full cycle. Now the price is ready to explode in Subwave 3. The target for the GLOBAL WAVE 3 is $1.75 and now there is very nice entry point! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
6
XRP/USDT - Symmetrical triangle breakout? Very profitable gains?This is how I am trading XRP based on the 4H chart, Fibonacci levels, and Support and Resistance Levels. Is this a possibility of a 50%+ gain? Let me know what you think. Enter long position, if price breaks out of the triangle. Take profit ideas: Target 1 - 1.215$ Target 2 - 1.316$ Target 3 - 1.40$ Target 4 - 1.55$ Target 5 - 1.66$ Target 6 - 1.765$ Trade safely! Comments, likes, and follows are greatly appreciated!
Long
by Droz_TA
1
MY MINIMALIST ANALYSIS FOR $XRP10.15.21 0645H +8 SINGAPORE ALERT: HITTING TARGETS SINCE ENTRY, WE HAD PARTIAL EXIT & NOW ON OUR TOP-UP AREA OF VALUE HOW TO USE MY CHART It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. Created on a WEEKLY & DAILY Analysis of Dynamics of the Market. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS. Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs. This CHART is best used without indicators. Price action, candlestick /bars, and FIBS alone will be sufficient as a major deciding factor for this MINIMALIST CHART. Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice. Thank You for your appreciation and support.
BITFINEX:XRPUSDLong
by The_Crypto_Samurai