XRP PARABOLIC = Coinbase Listing = MOONMartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
ALT SEASON IS NOW - DO NOT BE LEFT BEHIND
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XRPBTC
XRP about to pump * XRP in Weekly time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* After breaking the upper trendline XRP will move towards $1.57.
XRP - is it going to break this trendline❓😲I don't know if you've noticed, but for some reason nobody is talking about XRP right now. But that's normal, it always has been and always will be. If you are new to trading, please don't buy assets that are already very much up and talked about everywhere. Buy when everyone is silent, when the asset is at the bottom, along with the big players.
You can mark a trend line on the XRP chart, the price consolidates for a long time and approaches the trend line. This is a signal for a breakout and rise. There could be a good buying opportunity after a breakdown of the trend line. In case of false breakdown, close the position.
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XRP/USD BULL RUN (INVERSE H&S PATTERN)Support: $1.10/ $1. 05 / $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500
Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00
What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
KEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline
Ripple’s XRP would need to move back through the $1.1123 pivot to bring the first major resistance level at $1.1546 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.15 levels.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1958.
Failure to move back through the $1.1123 pivot would bring the first major support level at $1.0711 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels and the second major support level at $1.0288. The 38.2% FIB of $1.0659 should limit the downside
XRP/USD - Back into the pennant... is this a stablecoin? 🤣 Similar to ADA, Ripple also suffered a sharp drop from the descending triangle. Overall, XRP disappointed with a 2.6% decline over the past seven days. The support at $0.96 held, and the price bounced back into the blue pennant. This brings us back by a few days as XRP will again need to decide which way to go. A break above the pennant can take it quickly to $1.2, which acts as resistance.
A break of the pennant can be expected early next week. If the overall market remains bullish, XRP has a good chance to try an escape and move higher.
However, the daily timeframe indicators are not that encouraging, and XRP needs to move higher to change the bearish bias on the MACD. There is some hope since on lower timeframes, such as the 4-hour, the MACD did a bullish cross yesterday, but volume continues to disappoint. Volume can be interpreted as the quality of the price. The higher the volume, the higher the confidence in a particular price. Confidence in XRP price right now is rather low.
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$XrP Appears ready to really take off! 7x possible. 700% Upside!XRP has been strugling since Feb 2018 with this Bitcoin resistance. It appears just about ready to take off, making the previous 2 week bull run look like a walk in the park.
If this plays out at current BTC pricing we are looking at XRP reaching $14-15 with a possible $19-22 in play!
This is a risky trade and not financial advice!
I am going to trade it!
XRP Sell the downtrend.Ripple - Intraday - We look to Sell at 1.109 (stop at 1.133)
Trading within a Bearish Channel formation.
Trend line resistance is located at 1.110.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.038 and 1.018
Resistance: 1.100 / 1.150 / 1.200
Support: 1.050 / 1.000 / 0.960
XRP - is going to break this trend line 🚀🚀Many people have asked for an analysis of XRP. You can see two trend lines on the chart. One global and one local. The price is now squeezing near the local trend line. And it is likely that it will break it soon. Then the price will approach the next trendline, which is strong resistance. There could be a good buying opportunity after the breakdown of the trendline.
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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.