Rippleusd
XRP IN A DOWNWARD WEDGE - BULLISH - CryptoManiac101XRP / USD TA
We are currently riding this downward wedge which previously resulted in a bullish trend follow-up.
According to statistics, this kind of pattern usually results in a 79% likelihood for bullish breakout vs 21% of times when it broke down.
XRP - once this area is broken down, the fall could continue 😱Bitcoin has cheated the whole market and the price has now corrected by 5%. As all altcoins correlate to bitcoin, most coins have fallen in price by 5 - 10%. Ripple has also corrected by more than 5%. The price is now near an important support zone.
But we do not see a good reaction and buying strength. If the price breaks this area, it is very likely that the next stop will be at 1$ and below. A good opportunity to sell would be after a squeeze, breakout, and retest of the marked area as resistance.
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
XRP - price has broken this trend line, don't miss it 😲😲A trend line has formed on the Ripple chart. The price has tested the trend line 3 times before that. The 4th time the resistance has broken and if the price now tests this trendline as support it would be a good buying opportunity.
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
XRPUSD(4Hr) : XRP seeing a major downtrendMarket in the last 24hrs
The price saw a major downtrend in the last 24 hours with the price continuously rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours and can be seen increasing with a decrease in price suggesting a strong bearish momentum.
Today’s Trend analysis
The price is expected to continue to move in a bearish momentum until the price accepts the bottom Bollinger bands as a support line after which a consolidated movement is expected.
Price volatility was high at approximately 6.98%, with the day's range between $1.07 — $1.19.
Price at the time of publishing: $1.09
XRP’s market cap: $50.58 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
#XRP/USDT Broke out. 42% potential Rally Ahead!!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to this setup.
XRP is broke out of the Triangle.
A retest is due and the retest will be the opportunity to buy some or long with low leverage.
Best Entry :- $1.18 to $1.27
Targets:-
$1.43
$1.56
$1.61
$1.72
Stop Loss:- $1.09
Caution:- It's very important to be careful now. I am seeing breakouts in Alts everywhere while BTC shows Bearish divergences. So things are quite uncertain
Since the market is looking very bullish expect some correction here.
IMO Adding on partially would be a good idea and If you want to trade on futures, better wait for the right green candle for the right confirmation above the triangular resistance turned support trendline. Also, DYOR before taking this trade.
If you are new to trading, avoid any long or short atm.
What's your thought on this?
Do hit the like button if you like this setup and share your views in the comment section.
Thank you
#PEACE
XRP: massive explosion immenent (XRP has waited long enough!)Hi Traders,
We are looking at the 4 hour chart.
As we can see, two massive cup and handle's have formed .
Furthermore, it looks like a mac-d cross is imminent
Good news concerning ripple's law suit could jump start the price.
This is not financial advice, I am not a financial advisor.
Enjoy
XRP - two scenarios 🚨😧So far, the chart situation of many cryptocurrencies is uncertain. Ripple is no exception. So I will try to show 2 possible scenarios and what to do in both cases.
On the xrp chart, you can see a sloping trend line right now.
If the price tests this level as resistance, it will very likely be a good selling opportunity. If the price breaks through and tests the trend line as support it will be a good buying opportunity.
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
XRP LONG If XRP is able to hold above the 1.06/1.09 support, I expect a break towards 1.32 and then 1.35, if momentum holds at these levels, we could see a further move up towards the longer term 0.702 retracement level that sits around 1.53. Also at the 1.53 level is the 1.618 fib extension from the current pull-back (1.35 - 1.05)
A break below the 1.06/1.09 level, would likely find support at the psychological level of 1.00 and then the 20 day EMA of 0.98.
Ripple: My lovely CryptoOK. Now here we`re watching new engulfing and fake out in this level
In my idea we`ll expecting one small or big retrace and after that maybe continuation of up trend will expected.
In the most optimistic case, it can reach to higher level from here, but I think it is very unlikely