Xrpshort
XRP BROKE & CLOSED TO THE DOWNSIDE!- As you can see we have broken out of the daily triangle pattern to the downside and a couple candles have closed outside the triangular pattern.
- This could mean a further drop for XRP, but if you know what you hold, you will keep holding and DCA (DOLLAR COST AVERAGE) into XRP on a monthly basis.
- NOT FINANCIAL ADVICE!
#Ripple Drops 7%, #XRP Bulls Upbeat as Prices Float above $0.67Past Performance of Ripple
Currently, the #Ripple price is in red, steady in the past 24 hours but down eight percent in the previous trading week as per the performance in the daily chart. Even so, XRP bulls stand a chance.
At spot rates, XRP has support at critical levels and may spring higher in a buy trend continuation pattern if there is rejection of lower prices.
Ripple Technical Analysis
In the daily chart, XRP is under pressure, mirroring the general state of the crypto market. The coin is down eight percent versus the #USDT. However, prices are reacting at around the 61.8 percent Fibonacci retracement level of the Q1 2022 trade range. Still, a drop below last week's low of around $0.67 may force the coin back to $0.60—or lower. A recovery above $0.75 could draw in buyers angling for $0.79 and later $0.88 if there is a high volume upthrust confirming gains of April 18.
What to Expect from XRP?
Buyers are upbeat, bullish that #XRP would reclaim its slot in the top-3. A close above $0.75 would solidify bullish convictions, possibly pumping XRP to new reaction levels.
Resistance level to watch out for: $0.75
Support level to watch out for: $0.67
Disclaimer: Opinions expressed are not investment advice. Do your research.
XRP Sell the previous support.Ripple - Intraday - We look to Sell at 0.748 (stop at 0.764)
Our short term bias remains negative.
Previous support at 0.750 now becomes resistance.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.751.
Our profit targets will be 0.703 and 0.693
Resistance: 0.715 / 0.730 / 0.750
Support: 0.695 / 0.680 / 0.660
XRP Buy the uptrend.Ripple - Intraday - We look to Buy at 0.855 (stop at 0.838)
Daily signals are mildly bullish.
Dips continue to attract buyers.
We look to buy dips.
Trend line support is located at 0.855.
50 4hour EMA is at 0.847.
Our profit targets will be 0.899 and 0.919
Resistance: 0.880 / 0.900 / 0.920
Support: 0.860 / 0.840 / 0.820
XRP Sell the range resistance.Ripple - Intraday - We look to Sell at 0.849 (stop at 0.867)
Short term bias is mildly bearish.
The trend of higher intraday lows has also been broken.
0.850 has been pivotal.
Price action continued to range between key support & resistance (0.800 - 0.850) and we expect this to continue.
Bespoke resistance is located at 0.850.
Our profit targets will be 0.801 and 0.791
Resistance: 0.840 / 0.850 / 0.865
Support: 0.830 / 0.820 / 0.800
XRP Sell a break setup.Ripple - Intraday - We look to Sell a break of 0.779 (stop at 0.797)
Short term momentum is bearish.
0.781 has been pivotal.
A break of the recent low at 0.780 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 0.732 and 0.722
Resistance: 0.800 / 0.820 / 0.830
Support: 0.780 / 0.760 / 0.740
XRP DAILY ANALYSIS!!- As you can see we potentially could be sitting inside this trend, remember everyone the markets don't move your way, so be prepared for anything to happen, this is crypto haha.
- Long term I do see double digits, but lets see how bitcoin performs as its the leader in this BULLRUN!
- Also XRP under $1 is always a bargain :D
- NOT FINANCIAL ADVICE!
XRP DAILY ANALYSIS!!- XRP can breakout of that triangle and go up or down!
- If it closes above and retest the trend line to the upside then we could see a 200-300% move to the upside!
- If it closes below and retest the trend line to the downside then we could see a massive crash, possibly a BLACK SWAN EVENT what people keep saying may occur!
XRP COULD TEST $0.40-$0.50 AGAIN!1) History may repeat it self again! Look at the red circle XRP broke below the YELLOW SUPPORT LINE before it rose around 100,000% within 1 year!
2) You can see the Orange circles and the BLUE SUPPORT TREND LINE, XRP could hit those levels again before shooting up again!
3) Majority are always wrong, majority of people are BULLISH at the moment.....BUT when XRP reaches that WHITE CIRLCE watch how the MAJORITY become BEARISH, THATS when the SMART INVESTORS WAKE UP AND GO BEAST MODE!
4) I will become MEGA BULLISH on XRP when it breaks below, its not an easy thing to do, but HIGH RISK = HIGH REWARD!!
XRP Sell into a rally.Ripple - Intraday - We look to Sell at 0.798 (stop at 0.816)
Daily signals are bearish.
Rallies continue to attract sellers.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Bespoke resistance is located at 0.800.
Our profit targets will be 0.751 and 0.741
Resistance: 0,780 / 0.800 / 0.820
Support: 0.760 / 0.740 / 0.720