XRP - Backtest Done Hi, this is my new update for XRP. We have backtested the support level $1.47, something I told you we are going to see. Now it’s time to break the BIG resistance level around $1.73. Yesterday we closed the highest weekly candle since January 2018 and that is a good sign. Once we break the resistance $1.73 the next one is around $2. I expect a big green candle in the coming days, so be ready and don’t PANIC ;)
Rippleusd
XRP - 6h. Local reversal from the range of $1.8-1.86.The end of the active growth wave in the Ripple (XRP) market on April 14 took off the rose-colored glasses from investors. Setting a new local high at $1.96 has returned confidence to XRP connoisseurs in a non-corrective rise in the coin to $10 . This goal was once popular among XRP fans. Of course, everything is possible in the crypto market, but today a short-term forecast awaits us. As we can see on the daily chart, a liquid zone has formed in the range of $1.8-1.86 , where sellers are actively selling XRP:
For 3 days from April 13 to April 15, buyers tried to take control of this range. However, sellers managed to start a correction and quite sharply lower the XRP price to $0.886. In the previous idea, we predicted a drop in the XRP price to this range:
Buyers managed to stop the XRPUSDT price drop and now the buyers' counterattack continues. However, as we can see on the chart, this counterattack continues at low volumes . Each subsequent local maximum is updated at lower volumes. Each subsequent local impulse is weaker than the previous one. The price is clearly starting to slow down before the liquid range of $1.8-1.86:
As you can see on the 2 hour timeframe, a sharp attack of buyers turned into an inclined trend channel. The breakout of the local range of $1.5-1.55 means that the buyers' attack is completed and a new impulse to fall begins.
At the moment, a positive scenario in the XRPUSD market is the continuation of the price movement within the triangle with the aim of breaking it upwards with a target of $3 . To support this scenario, buyers should not be allowed to drop below $1.1-1.2.
The negative scenario in the XRP market is a deep correction to $0.74-0.77. In this scenario, the seller will test the global trend line of the growth channel, in which the price has been moving since December 2020.
Given the high probability of a new wave of decline in the BTC market from the $ 60,000-61,000 range, we are in no hurry to buy this coin. When the price has tested the range of $1.1-1.2 we will release a new idea.
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XRP / USDTRIPPLE ON THE WAY TO RETAINING ITS PLACE AMONG THE LEADERS.
In addition, more than a cryptocurrency, it is the Blockchain application behind Ripple that is of interest to many players in the bancassurance industry. Although Ripple has some competitors, its efficiency and current market position gives it a central place in the cryptocurrency industry. For example, at the start of 2021, the number of transactions carried out on average each month represents more than 100 billion dollars. Its partnership with solid and influential companies and financial institutions whose positive reputation reflects on the Ripple is an undeniable plus.
The resilience of Ripple pinned by the SEC.
Thus, despite some scandals, XRP retains its attractiveness. Recall that in December 2020, the SEC accused Ripple of having issued unlicensed securities. Indeed, the SEC criticized Ripple for not registering XRP as a security. This SEC accusation led to a collapse in the price of Ripple, of which individuals were the first victims. Ripple has however proved its resilience, as evidenced by the rise in Ripple prices since then, demonstrating Ripple's ability to maintain its position as a first-rate virtual currency over time.
XRP - We Broke The First Resistance Hi, this is my new update for XRP. We have big price action today, as we broke the first big resistance $1.47-1.50. Now we are getting ready for the next resistance around $1.73. The resistance $1.73 is very strong, since we have 50% fibonacci retracement level from the whole bear market and 78.6% fibonacci retracement level from the pullback we recently had from $1.96 to $0.92. So a backtest of the support level $1.47 would not surprise me, since we have to close the gap, but we can also smash trough the resistance $1.73 and after that we are going to test $2. So be patient and don't PANIC ;)
💡Don't miss the great buy opportunity in XRPUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.4982).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.5989
TP2= @ 1.6998
TP3= @ 1.7652
TP4= @ 1.8457
TP5= @ 1.9684
SL= Break below S2
Previous Forecast:
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XRP, Ripple - price moved up exactly as i told. What's next❓14% for 17 hours. Despite the correction of Bitcoin and many other altcoins. Ripple looks strong. Congratulations to those who opened a position with me. If u didn't open it, wait for a retest to 1.4638(but it may not happen). There is the second entry point. I don't see an entry point now.
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 - BULL IS BACK BABYAFTER BOUNCE FROM DEMAND ZONE ON DAILY TF,PRICE CREATE HLHH AND BULL ABC PATTERN TO PUSH PRICE UP TO THE MOON
Correction day for RippleCorrective day for RIpple. After 2 consistently increasing days, it was time for a break. It seems like a day of correction and waiting for almost everything, until the triad passes: FED + OPEC + BIDEN
XRP sluggish recovery could delay upswing to $2
Ripple stalls short of $1.5 after rebounding from areas around $0.85.
Consolidation will likely take precedence based on the prevailing technical picture.
Ripple attempted to extend the up leg past $1.5 on Tuesday, but bulls hit a wall at $1.47. A minor correction occurred with the price sliding under the 100 Simple Moving Average (SMA) on the four-hour chart. At the time of writing, XRP trades at $1.39 while bulls battle the immediate moving average resistance.
The short-term technical picture brings to light a potential sideways trading action. This follows the Relative Strength Index (RSI) on the four-hour chart stalling slightly under the overbought region. The indicator levels at 60 imply that the tug between the bears and the bulls is at a stalemate.
Similarly, the Moving Average Convergence Divergence (MACD) indicator affirms the consolidation period. The indicator assumes a leveling motion in the positive region, thus the possibility of the sideways trading taking over.
It is vital to note that the MACD line (blue) has settled above the signal line, which means that buyers still have the upper hand. Therefore, making a confirmed break above $1.4 may validate the uptrend. On the other hand, breaking above $1.5 could trigger more buy orders as speculation mounts for gains beyond $2.
On the flip side, another daily close under the 100 SMA could see the overhead pressure mount. On the downside, correction from the current price levels may retest the support at $1.2 if the 50 SMA does little to stop the losses. If push comes to shove, XRP may freefall to $1 and perhaps retest the primary support at $0.85.
Ripple intraday levels
Spot rate: $1.4
Trend: Sideways trading
Volatility: Low
Support: $1.2 and $1
Resistance: $1.5
XRP when M00n ?so let's sit and see where XRP will go on his next move while the King is starting to be strong again. XRP could easily reach 10$ 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 !
RIPPLE (XRPUSD) LONG $1.9 Quick analysis on RIPPLE (XRPUSD) using both wave theory, Fibonacci analysis :
Wave theory Analysis:
1) XRP had a nice IMPULSE run-up from Apr 4th to Apr 13th going from $0.58 to $1.96 as shown in my 5 point wave in the diagram above
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase
3) Looks like the correction is a ZIG-ZAG correction look at my wave A-B-C where Wave A touched FIB 61.8% and Wave B is a symmetrical triangle with a nice (3-3-3-3-3) pattern
4) Corrective wave C came down to FIB 78.6% i.e. $0.9
5) The next 5 series impulse wave started as indicated in blue wave line, it also broke the downward channel at $1.1 and started to climb up to $1.4 and hit resistance
6) I believe waves 1,2,3 are done and the resistance is hit at $1.4
6) Once this resistance is made as support and UPON confirmation it's going to go on the next impulse wave 5 to $1.9 target price
Summary :
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1) Looks like the bulls/buyers took control
2) Resistance level in the yellow box is being tested at present
3) Upon confirmation, the resistance is turned into support and goes up in the next impulse leg to the price target
Happy trading, feedback is always appreciated
XRPUSD BUY OPPORUNITY : New High? or Drop? comment your thoughtsHello traders , as you can se in my previous post I shared the first initial entry ar 1.0 If you don't really understand the setup I will link the previous video in which I cover theXRPUSD.
I want to know if you think if this crypto has the potential to create a new high or you see a drop?
Thanks for all the messages , we are back to share setups and trade ideas and more. As you can see we had a strong breakout of the continuation pattern. I'm now expecting a retracement in the zone in confluence to add another position. Do you still believing we will reach new highs?