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Xrpusdsetup

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
BITFINEX:XRPUSDLong
by MavRich_Trading
XRP/USD LONG Set Up To $2.00 (HODL) 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 The Ripple-affiliated XRP token has won another re-listing victory in Japan, where the coin will be made available for trading again on the TaoTao crypto exchange later this month. Per an official announcement, TaoTao stated that the coin would be listed on September 22 following a period of maintenance. The firm added that in addition to spot trading, the coin would also “be available” for margin and leveraged trading. Like many other international exchanges, a large number of Japanese trading platforms delisted or “temporarily suspended” XRP trading after the American Securities and Exchange Commission (SEC) brought charges against Ripple executives, alleging that they had “knowingly” sold XRP as an “unregistered security.” Ripple has hotly disputed this claim, and a protracted legal battle has ensued, with no sign of a victory or defeat forthcoming on either side. But XRP adoption rates remain high in Japan, where Ripple’s presence has been boosted by its close association with the SBI Group, the Japanese financial conglomerate that owns TaoTao. SBI bought TaoTao in 2020 from its business rival SoftBank’s Yahoo Japan. Earlier this month, it announced plans to merge the TaoTao platform with its own-branded SBI VC Trade crypto exchange. The latter already offers XRP trading
BITFINEX:XRPUSDLong
by MavRich_Trading