Xrpusdshort
XRP/USD - DON'T FALL FOR PREMIUIM (SHORT-TERM)Technical Overview: - XRP
We are at the top, do not buy now if you bias is bullish, we need to see market give us the opportunity
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Short term Short opportunity for XRPXRP is moving south again and going by the chart, it is heading towards point E on the chart.
This is would be end of the cycle and XRP should bounce off point E and then breaking the upper part of the triangle.
What would be interesting to see if it will be able to break the Resistance at $1. If it does then its good sign. however it looks unlikely.
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XRP could to down to $0.60 cents.Just, I analyze XRP from Daily timeframe to know my perspective in the market. XRP was formed a simetric triangle, but unfortunately, XRP break down of this chartist pattern and the price it's leading to the support of $0.60 cents.
That it's all what I see. Also, if you buy at $0.60 cents. This will be the latest opportunity to buy XRP at $0.60 cents approximately. And no more we can to see XRP below of $1 dollar once that go back on the Dollar. But, I thinking just to buy 1,000 XRP coins when the price stop the bear movement and buy approximately in this level at sixteen cents.
s3.tradingview.com
Now, in this screenshoot, remember, if you hold XRP by long term. Notice that XRP may to explode on 2022. And you would need to know this secret information what Federal Reserve and Government planning to use XRP in the future to move all money and create a next wealth generation for the next elite who hold XRP., above of 1,000 XRP coins.
XRP Correction after wave 5 incomingXRPUSD completed its 5-wave move up, signalling a correction.
Broadening distribution channel paired with a bearish divergence on the top. Might push one time higher.
Wait for confirmation on retest on top of channel or at swing-failure.
I should've placed the "5" at the previous top, making this a Broadening Zigzag correction
XRP Shorterm SELLOn higher timeframes - Weekly and Daily, $XRP just broke above a historical resistance and we expect a retest. Clearly, there's an exhaustion from the upside as shown by the ascending channel on the 30 minutes time frame. A break below is feasible before it flies to our first target, $2.
We go short to $1.4 before we fly to Elon Mars.
Let me know your thoughts?
XRPUSD Triple top forming on the 30min Triple top forming on the 30min timeframe for XRPUSD after we have seen the supply area around 1.43- 1.45 being tested unsuccessfully three times now. If we see another test at the 1.37 - 1.4 support and we break down below that we will retest 1.29 as that is the nearest support.
RSI and ADX seem to be under pressure downward as is the MACD.
A close above 1.45 would invalidate this.
Let's see what happens.
Not trading advice, just what I see ;)
XRPUSD 1.33080 + 28.33 % LONG IDEA * PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE XRP / USD.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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Ripple- Don't get too excited, 1.20-1.25 is the ceilingAs I expected, XrpUsd has dropped under 1usd important figure. Of course, this strong sell-off was followed by a rebound and Ripple managed to recover some of the losses and is trading back above 1usd.
However, If we take a closer look, the rise is clearly corrective in nature and XrpUsd has a very strong confluence resistance between 1.2 and 1.25
A new leg of selling can start from this point and a new dive under 1usd is probable
XRPUSD - SHORT TO $0.80, THEN LONG TO $1.80XRPUSDT BUY/LONG
For Spot and Futures Traders
Entry - $0.79 - $0.84
Tp1 - $1.14
Tp2 - $1.30
Tp3 - $1.45
Tp4 - $1.70
Tp5 - $1.80
Stop loss - $0.62
Choose your leverage
Apply risk management
As we all know that when there's a breakout from a zone, there will always be a pull back.
Also, we know that once price is within a descending triangle, price will surely breakout from the triangle.
These two scenarios are currently existing on the chart. All we need is a price rejection from the zone for us to go long.
Let's go through this together. We can all see that price broke out the supply zone at $0.78615 then went straight up to $1.90 and is currently in a downtrend back to $0.78615 where it broke out. Thereafter, we expect a bullish movement if we get a reversal candle.
Also, price is currently in a descending triangle. I expect it to breakout and go long.
These two possible moves are what I feel will make the price go back to $1.90 and upward thereafter.
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Ripple- Under 1usd?After reaching almost 2 firgure, XrpUsd started to roll back, with acceleration on last Sunday's crypto drop.
The last few days found the cryptocurrency trading in a congestion/consolidation pattern which gives us reasons to think continuation.
At this point, we are trading at 1.29, just above important confluence support that lies around 1.25
A new wave of selling in the crypto market could lead to a break here and the next target for Ripple is 0.8 zone
1usd zone is also an important support
I'm looking to sell
XRP - The Trap Has Been SetAnalysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Market Maker Method
Inflection Point: $1.25 (Point Of No Return)
Target 1: $1.49667
Target 2: $1.11964
Target: $0.64172
Opinion:
Despite the massive bull run up I do believe a 50% - 70% correction is inbound
My reason being is that this rise has no fundamental backing
The SEC case has not been resolved and XRP has not been re-listed on major exchanges
I do not believe the powers to be will reward retail traders
I attached my previous markup that I did before the rise
I will be looking to trade this move both ways with an emphasis on shorts