XRP/USD - Downtrend may end soon. Until then stuck in channel!XRP has so far failed to reverse the downtrend and is found just above the key support.
Key Support levels: $0.75
Key Resistance level: $1
XRP had a difficult week, with the price slowly falling back towards the key support level at $0.75. While other altcoins such as Chainlink are making significant gains, XRP still struggles to find its footing. The resistance at $1 will likely not be tested any time soon considering this price action.
Technical Indicators
Trading Volume: The volume has decreased as the price went lower, showing weakness in the bearish trend. This is good news, as XRP may attempt a reversal soon.
RSI: The daily RSI has made a higher low. This also gives hope that XRP may finally return on the uptrend and attempt another break of the key resistance.
MACD: The daily MACD remains bearish, but the histogram shows a lack of conviction from the sellers. For this reason, MACD can quickly do a bullish crossover if buyers return in force.
Bias
The current XRP bias is neutral. While the price action is somewhat bearish, there is no conviction on either side to push price up or down in any significant way.
Short-Term Prediction for XRP Price
XRP may have reached the end of this correction after the sharp rejection at the $1 resistance level. The lack of volume shows this. For this reason, buyers may soon have a good opportunity soon to bring up the pace.
XRPBTC
XRP (XRP) - January 5Hello?
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(XRPUSD 12M Chart)
(1M chart)
You need to break out of the downtrend line to accelerate the uptrend.
So, we need to see if we can break out of the downtrend line while holding the price above the 0.4493 point and possibly above the 0.6940 point.
(1W chart)
Above the 0.4493 point: the uptrend expected to continue
Above 0.7541-0.8294 section: It is expected to create a new wave.
(1D chart)
It must move above the 0.8744 point to turn into an uptrend.
In particular, you need to make sure you can move up along an uptrend line.
If it falls in the 0.7541-0.8744 section, it may fall below the 0.5483 point, so a stop loss is required to preserve profit and loss.
However, it can touch near the 0.4493 point and rise, so you need to think about countermeasures.
Above the 1.0424-1.1861 section is the high point section, so we need to check if the volume increases to break above this section.
In the CCI-RC indicator, as the CCI line falls below the -100 point, the possibility of turning into a downtrend is increasing.
However, as volatility may occur due to a decrease in trading volume, careful trading is required.
We need to see if we can move above the 0.8744 point before around January 17th.
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(XRPBTC 1W chart)
It is on sideways in the bottom section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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XRP Sell into a rally.Ripple - Intraday - We look to Sell at 0.878 (stop at 0.901)
Daily signals are bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 0.880.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 0.811 and 0.791
Resistance: 0.840 / 0.860 / 0.880
Support: 0.820 / 0.805 / 0.785
XRP, what are the preconditions for growth?The XRP chart has a very good picture on the technical analysis side.
Preconditions for growth:
- accumulation.
- squeezing near the trend line
- a fake breakout of the trend line
- liquidity collection
- volume appeared at the bottom
- bitcoin is in consolidation
In case of a false breakout there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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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 2300 % gains in 2022XRPUSD currently in a reaccumulation zone.
Make a note that it´s a weekly chart and it may take some time for the price to visit our buy zone. Patience is a key.
We expect XRP to go parabolic in Q3 or Q4 2022.
Long term target over 10 $ .
What may push the price so high? Coinbase relisting or winning against SEC. Catalyst will come and the price will surge.
Drop a comment and let us know what you think
No financial advice
XRP 2022 APRIL BREAKOUT POSSIBLE!- As you can see the money miner has called out a BUY on the 1 day time frame, I think if the case is over Q1 then we could see a breakout in April this year and XRP could go parabolic to around $15 around May!!
- NOT FINANCIAL ADVICE!
- This is what could possibly happen as there is so much suppression with RIPPLE, XRP is a ticking time bomb!!!!
XRP a quiet trend and a gradual return to the topXRP has had a very difficult time, the large loss of value and the negative influence from BTC have had a huge impact on the chart. The near term could be different as the behavior of BTC has a big impact on other cryptocurrencies, but if there is no impact, XRP should gradually rise
I expect a re-testing of the $ 0.70 rangeOn a weekly timeframe, the trend is negative, and the roof and floor are being built lower. I expect a re-testing of the $ 0.70 range. If it tests this support, be sure to enter for the medium term. If it can break the range of $ 1 to $ 1.6, the upward trend will be, and you can re-enter.
XRP LONG TERM TA WITH MASS ADOPTION!- As you can see XRP has been supressed for 1,400 + days now, it still has not broken its ATH!
- It was the number one crypto in the previous BULLRUN!
- Its clear the SEC are just taking the piss, they have let ETH with a free pass even though they also had ICO's (INITIAL COIN OFFERING)
- The price would have been at around $5-15 easily if the SEC didn't stick their leg into the project!!!
- But its clear XRP will bridge CBDS's so long term we will see a 3 DIGIT XRP!!
- I am not so sure about 4-5 digits that could take some time, remember RIPPLE did say we will first take over the remittance market which I believed they said was around $150 TRILLION and only then they said they will focus on other avenues!!
XRP WILL BREAKOUT IN 2022!!!- As you can see every time XRP gets into a descending triangle there has historically always been an upside!
- The first pump in 2017 it did roughly a 6,000% move to the upside! If it was to do something like that we could see XRP at around $40-50 a coin!
- The second move closer to December 2017 it did roughly another move to the upside of around 1,200% which could take the XRP price to around $10-15 a coin!
We should be ready for a breakout between February and May 2022!!
THE RISE OR FALL OF XRPHello Traders,
As you can see price looks to be forming a symmetrical triangle inside a much bigger triangle. A symmetrical triangle can break both ways.
A break to the upside is the rise of XRP and should create a new HH.
A break to the downside is the fall of XRP and will break a major support trend line.
But XRP is in a year long lawsuit!XRP has been in a bullish divergence (RSI) trend against Bitcoin since May of 2019. Even the SEC lawsuit of Dec 18th of 2020 did not break this trend. If anything it has made it more noticeable and stronger.
Heading into 2022 XRP looks to be very bullish against Bitcoin. So it looks like all time highs are only a matter of time away.
Altcoins are looking very strong going into 2022 and XRP is defiantly one of them especially due to the divergence and the fact XRP has not hit all time highs yet.
To me the bullish divergence shows belief by at the least seasoned crypto holders.
Not Financial advice.
Thanks for taking a peak. Leave a comment and me know where you stand.
Kind regards