XRPBTC
XRP (XRP) - August 24Hello?
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(XRPUSD 1W Chart)
If the price is maintained above the 0.71097-0.88410 range, it is expected to create a new wave.
(1D chart)
It remains to be seen if the uptrend can continue as it consolidates at the 1.18894-1.53490 section.
Two downtrend lines cross the 1.40290-1.53490 section.
Accordingly, the primary resistance section is 1.40290-1.53490 section.
If an upward breakout of the primary resistance section is made, we expect to re-determine the direction at the 1.88926-2.00598 section.
If it falls in the 0.48862-0.60534 range, it is possible to enter the mid- to long-term investment zone, so careful trading is required.
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(XRPBTC 1W chart)
If the price is maintained by rising in the 653 satoshi-2365 satoshi section, which is the bottom section, it is expected to turn into an uptrend.
This upward trend is expected to create a new wave by rising above the 4264 Satoshi point.
(1D chart)
We'll have to climb to the 2715 Satoshi-2963 Satoshi section and see if we can reorient ourselves.
If it goes down, we should see if it finds support in the 2220 satoshi-2365 satoshi range.
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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 it is in an uptrend or in a downtrend, 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Xrp monthly timeframe Notable!Hello!
Looking at XRP/BTC on monthly you can see that the price has made a quite big base on the price. Xrp has been consolidating for a long time. Actually 2 years now! That is a long time in crypto. I'd say there is big holders here on these levels waiting.. Patiently..
-Notable is the possible head and shoulder pattern. I did put the blue arrows for thats target.
-Big volume indicates that the bottom is in.
-I made the 50 EMA (brown one) little bigger so we can see its importance and how the price has been respecting it. (Red arrows)
I think this one is preparing for a big move. Usually after this long consolidations there is pressure engorged and it must get out somehow. Will see. This is just speculation.
Check out my Monthly Ethereum analysis back in november 2020
When/if we see a break from the 50 EMA and the key level which i marked this can move really quickly 180% against bitcoin like we have seen Xrp do many times
I am starting to look possible longs for this one. With tight stop loss ofc
Always use stop losses or you will get your ass burned!
N.1 mistake traders do is not to use them
-Jebu
Ripple XRPUSD - Elliott wave + HUGE ascending channel!- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel!
- As you can see we are currently at the 5th wave to the upside, which can be huge!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- The coin started this uptrend by the Head and Shoulders pattern.
- Target is top of the channel or 1:1 fib extension!
- New all time highs are near than you think.
- The volume is decreasing, which means, that a big explosive move is coming!
- If you want to see more of these ideas, hit "Like" & "Follow"!
XRP Gearing Up For Explosive MoveHello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP is forming a symmetrical triangle and it has been rising for the past week. It is cooling off and consolidating with a another potential for a leg to the upside of around $1.50-1.70!
XRPUSDT Technical Analysis
Welcome back Traders, Investors, and Community!
XRPUSDT has broken above the resistance and the triangle. It will go down for a retest and Pullback then it will go up.
⬆️Buy now or Buy at 1.1900
⭕️SL @ 1.0800
✅TP1 @ 1.2900
✅TP2 @ 1.3400
✅TP3 @ 1.4000
✅TP4 @ 1.5600
✅TP5 @ 1.7500
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XRP I see some people saying this is going up or something like that but my TA saying XRP will go down to support zone even a pullback is possible cuz of overbought,
RSI also showing bearish and fear & greed index right now is high (72)
so later or sooner we will go down
btw do your own analysis and like always don't be greedy
XRP Ready to Take Off!! Bullish!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP looking like it made a double bottom around 0.50. It has a strong upside to $1.35 and now is just cooling off maybe to around 0.7-0.85 is strong support. I see this as a higher low only to eventually break to upside near end of year
Ripple Price Analysis: Can XRP Rally To $2 After $1.1 Holds?
Ripple price loses over 7% of the accrued gains in 24 hours, revisiting support at $1.1.
XRP must surmount the resistance at $1.4 and $1.6 to pave the way for an upswing to $2.
The MACD could flip bearish anytime as the 12-day EMA crosses below the 26-day EMA.
Ripple closed last week at $1.35, a move that had spurred investor interest and speculation for gains to $2. Nevertheless, a correction occurred with XRP losing some ground toward $1. Support at $1.1 plays a crucial role in ensuring that losses were mitigated, but data by CoinGecko shows that Ripple is trading 7.4% lower in 24 hours.
Ripple Price Recoils After Support At $1.1
The cross-border money transfer token currently teeters at $1.2 as bulls focus on lifting above $1.4 in the near term. According to the Relative Strength Index (RSI), bulls could have salvaged the situation, preventing continued correction.
Currently, the RSI, which follows the trend of an asset and measures its strength, is holding at 70. As it resumes movement into the overbought region, XRP is expected to lift higher.
Intriguingly, the 50 Simple Moving Average (SMA) may cross above the 200 SMA in the coming sessions, as per the 12 hours chart. Although this indicator is not a golden cross, it often ascertains a move north. Therefore, it could trigger another firm bullish grip as buyers take on $1.4 and $1.6 barriers.
It is worth mentioning that traders should be aware Ripple’s anticipated upswing may fail to occur, especially if the Moving Average Convergence Divergence (MACD) indicator flips bearish in the coming sessions. According to the exact timeframe, a sell signal is in the offing. The odds for an extended correction would increase as soon as the 12-day exponential moving average (EMA) crosses below the 26-day EMA.
The MACD tracks Ripple’s trend and calculates its momentum. A move toward the mean line reinforced the bearish outlook. Hence, it is one of the most crucial trend indicators, especially when identifying entry and exit positions.
Ripple Intraday Levels
Spot rate: $1.21
Trend: Bullish
Volatility: Expanding
Resistance: $1.4 and $1.6
Support: $1.1 and $1
XRP/USD (Monthly Confirmed Support?)💎Technical Analysis Summary💎
XRP/USD
-XRP is confirming the monthly support area around 0.55 dollar
-This zone is a confluence of two EMAs and previous resistance zone
-If this month of August closes a green candle
-I think the chances to retest the recent high increases
-And a potential test of ATH once the current resistance is broken
-Congrats to the long term traders who bought at around 0.2 dollar
-Keep holding because the trend is still intact
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XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 1.351 (stop at 1.308)
Daily signals are bullish.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
Price continues to trade within the triangle formation.
A break of bespoke resistance at 1.350, and the move higher is already underway.
Our profit targets will be 1.469 and 1.499
Resistance: 1.300 / 1.350 / 1.400
Support: 1.250 / 1.200 / 1.150
XRP starting to look greatFrom an FA perspective we are seeing more and more clamp downs from governments around the world, countries simply don't like to lose control of money.
Although I do like freedom but you have to realise the reality, the approach to work with the government may shine for a while.
Technically speaking we are now testing strong support area of 0.58~0.67, XRPBTC formed a beautiful monthly falling wedge as well.
*This is just a trade setup that is yet to co, but all we need from here is a strong reversal and will be looking to break that downtrend slope around $2, and hopefully with breakout of that falling wedge on the $XRPBTC, now would be a good time to start accumulating down the road.
### NOT FINANCIAL ADVICE###