Xrpusdlong
XRP Rejection From $1.2 Closes In On $1 As More Declines Beckon
XRP price forced below $1.1 and the 100 SMA following overhead pressure at $1.2.
The MACD and the RSI emphasize the emergent selling pressure, risking Ripple’s freefall to $1.
Ripple had gradually and with struggle rose to $1.2 during the weekend session. In September, the international money transfer token lost ground to $0.86. The lower prices allowed more buyers to come, thus lifting the token above $1. Bulls have their eyes glued on $1.4, but the barrier at $1.2 and $1.1 currently limit their efforts.
XRP Price Faces Short-term Resistance At the 100 SMA
Ripple trades around $1.09 at the time of writing. This follows a rejection from $1.2, as mentioned. The 100 Simple Moving Average (SMA) emphasizes the immediate resistance. If bulls do not recover above this level, and by extension $1.1, overhead pressure is bound to increase, leading to more losses to $1.
The Moving Average Convergence Divergence (MACD) adds credence to the bearish outlook. A sell signal will likely confirm in the incoming sessions. It will manifest as the 12-day Exponential Moving Average (EMA) crossed below the 26-day EMA. The odds for a further breakdown will soar if the MACD moves to the mean line and crosses into the negative region.
Note that the Relative Strength Index (RSI) validates the sellers’ grip on Ripple. This technical index follows the trend of the asset and calculates the strength. A continuous downward movement shows that sellers have the upper hand. Traders should be on the lookout for more action under the midline, which will add weight to the pessimistic narrative.
On the upside, Ripple must reclaim the position above the 100 SMA on the 12-hour chart and $1.1 to resume the uptrend. A move such as this will confirm to the investors that the token has what it takes to sustain an uptrend to $1.4 in the near term.
Ripple Intraday Levels
Spot rate: $1.09
Trend: Bearish
Volatility: Low
Support: $1.05 and the 50 SMA
Resistance: The 100 SMA and $1.2
ez rules in xrp3~6 usdt per xrp in next month.
looking for a drop from 1.19 to 1.23 to 1.06~0.94 by next 6 days and big GOOD news by 18~22 oct
those who looking for xrp under 0.9 should google about Fed Reserve Adopts ISO 20022 by xrp, offline payment by xrpl, $250m investment in NFT, USA dont have any plan to ban crypto & sec got pressure by last updates in the xrp fight.
good luck bears
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 1.102 (stop at 1.068)
Short term bias is mildly bullish.
Daily pivot is at 1.100.
A break of bespoke resistance at 1.100, and the move higher is already underway.
The previous swing high is located at 1.089.
Our profit targets will be 1.196 and 1.216
Resistance: 1.050 / 1.100 / 1.150
Support: 1.000 / 0.950 / 0.900
XRP/USDT 2HOUR UPDATE Welcome to this quick xrp/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- xrp/usdt is making a triangle pattern, this is the right opportunity to do it buy, the xrp is in the deep
Entry:- 1.0324$, 1.0515$,
Traget:-
T1:- 1.1004,
T2:- 1.1257,
T3:- 1.1473,
T4 :- 1.1807,
T5:- 1.2482,
Stoploss:- 1.0062,
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
inverse and complex HS formation is eye-balling 2,22$ for XRPIt almost seems as if everything is going like clockwork for Ripple. The only positive news that seems to be missing is that the company manages to settle the legal dispute with the US regulator SEC.
The Ripple price also shows that something could be brewing with the native altcoin XRP. According to the chart below, a complex head-and-shoulders bottom formation is currently forming. This has a head (H), two left shoulders (LS) and two right shoulders (RS).
The chart pattern as such is considered very reliable with an error rate of just 6%. It also reaches its minimum price target in more than 8 out of 10 cases and this is where it gets interesting. Because according to the formation pattern here, it results in a Ripple forecast of $2.22.
This price target is about 120% above the current price level of $1.02.
However, there are a few reasons why this price target should be taken with a grain of salt. First of all, the general market situation is currently quite uncertain. Furthermore, the neckline is sloping downwards. This is a first possible sign of weakness. Last but not least, the volume on the XRP token is still quite low.
Accordingly, it may be a good idea here to observe the situation a bit more. What is still missing here as the last confirmation of the chart pattern is the breakout of the neckline.
This breakthrough should be very clear and under a relatively strong increase in volume. Otherwise, there are certainly better trading opportunities on other days on other charts. However, those who are comfortable with risk can also risk an early placement in the market with the right risk management due to the general reliability of the chart pattern.
RIPPLE - $XRP - [WYCKOFF] PHASE DPhase D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E) .
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS) , making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS) , as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E .
more information on the Wyckoff Method Explained here in Binance Academy
XRPUSD: Will 1.13 resistance hold? (Requested by Hooofmann)Recent price action is pretty similar to Bitcoin, and so the evaluation is going to be largely similar as well.
Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action.
If it goes all the way to 1.2 area, then we should be the bulls in control.
As usual, big fluctuations at all the coins are to be expected. Trade carefully!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
XRP , Crazy Inverse Head And Shoulders pattern! 200% gain ahead hello everyone ,
so as y'all see in this chart , XRP is making inverse head and shoulders one after another one . target zone is shown in the chart and guys we can't trust this pattern until it gets completed . so wait for the right shoulder to get to the neckline , if it broke the neckline and went upper , we will witness a huge pump to our red zone , like the way it did in the last pattern.
if you liked the idea , just give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
XRPUSDT , We should wait for ...Hello everyone
The price went exactly in first arrow of the chart if you have any position its time to close it and we should wait for the falling down the price then with any signal of it in support we can buy some xrp
But important things is if the price is growing to up we are publishing another analysis of it until that time this analysis is valid
Ask us if you have any question
Good Luck
Abtin
XRPUSD Already Breached Resistance Level of $1.02637The price already breached a Resistance Level of $1.02637 on 1st October 2021 and currently lies at above SMA10 & SMA20.
We can see that the price is currently undergoing a retracement with a decreasing volume and pending for breakout.
Disclaimer:
This is not a buy/sell recommendation. This is just an idea for sharing/discussion purpose only. Please invest at your own discretion.