XRP (Ripple): Resistance BreakoutTrade setup : Price is in an uptrend as price has broken back above 200-day moving average. Price also made a Higher Low (above the low from early July of $0.38), which is positive. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.67 resistance to signal continuation of uptrend, with +15% upside potential to $0.75 next, or 2) pull back near $0.50 support for another swing trade entry in Uptrend with upside potential back to $0.67. Learn risk management in Lesson 9.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67, then $0.75.
Xrptether
XRP (Ripple): Pullback in UptrendTrade setup : Price is in an uptrend. Following a a bullish breakout from Falling Wedge pattern, price broke above $0.57 key level. However, it got overbought (RSI > 70), which was followed by a pullback on some profit taking. We would be buyers on pullbacks to $0.50-$0.55 support zone, with +30% upside potential back to $0.67 resistance.
Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67.
XRP: Approaching ResistanceTrade setup : Price is in a downtrend. Price needs to break above stiff resistance area: horizontal $0.55 resistance and 200-day moving average (~$0.58) to resume an uptrend.
Pattern : Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.55, then $0.65.
XRP still intact on the weekly?XRP weekly chart is acting like
most alt coins with HIDDEN BULLISH DIVERGENCE.
When the chart has a higher low and the RSI
has a lower low...most chart gurus are totally missing this
very important pattern...The fear meter is screaming buy to me
so take a look at the chart and make wise choices.
💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
SL= Break below S2
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💡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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✳️Ripple/USDT (26/10) #XRP $XRP #XRPUSDTXRP looks ready to break Neckline at 0.26$ to complete a Head & Shoulders pattern. And after breaking it, XRP will head to the 0.3$ zone.
Indeed, the 0.3$ zone is the target for the Head & Shoulders pattern but it is very weak and XRP will easily cross and move towards its target of 0.37-0.38$ this November.
✳️Ripple [XRP/USDT] on August 04 #XRP $XRP #XRPUSDTXRP is currently in a very strong uptrend and its target will be very high, but to confirm this, XRP needs to break out of the 0.38$ zone.
After that, it will head to two higher targets of 0.5$ and 0.7$, and I think this will be completed in 2020.
If you have no XRP and are looking for a good buy area, you can buy some around 0.3$ and wait to buy in the two regions of 0.27$ and 0.24$
1-5 Movement pattern before a price increase Building up from my first idea, the last segment of March 2017 and now are in the same 1,2,3 pattern. However, the time frame is not going to be identical or as precise as the opening 1-5 movement. Again, I am not saying and am not in a position to say that XRP can or can't hit $100. Realistically it won't.... and in this market the volatility can bring any form of chaos. The fact of the matter is that we are dangerously precise in rolling out historic patterns.
Cheerios,
What it be baby!!
I stand by $.30-$.60 by (end of November).
Not financial advice, just an idea.
XRP (1,2,3) 2017 and PresentWe see the same pattern turn out in 2017. If this does continue we should see a drop in price to around .26 before breaking towards .30.
I'm not gonna be that "guy" that says swell happens here and thats why the price is gonna boom... no that's rubbish.
Nevertheless it is important to stay aware a break down could also happen, this is crypto after all. In the meantime I'm anticipating this move up to .30-.40 zone. I will not comment on what happens after that. Follow this closely for the next two weeks for some fun trades.
I am not a financial advisor and don't take this as advise. This is only an idea.
No need for negative sentiment or childish commentary
Best regards,
Whatitbebaby!