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
Xrpusdshort
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
XRPUSD short trade ideacurrently, we are seeing price tested the 0.5370 support level, I will put my sell order if the price successfully breakout the support level. the downside target at 0.4777.... good luck traders!
**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
XRP/USD - Confirmed Bearish TrendLooking at the daily chart , XRP broke through and confirmed rejection of the bullish trend.
In the 4 hours chart , we see that Ripple formed a double top, with which the bullish trend line broke, and moved lower towards the support zone.
After that, the new resistance zone was retested with the formation of a double bottom and again jected.
Now the ripple in the double top pattern after rejecting the new resistance zone broke through its support zone and went down until it found a stronger support zone.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situatio
XRPUSD - BUY OR SELL?As seen on the chart, we have two symmetrical triangle within the supply and the demand zone.
The market is not giving a clear signal. Therefore I'm asking the question, BUY or SELL?
What do you think?
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XRP/USD - BEARISH Trend startedXRP tried to break the ascending triangle that was within the range but failed.
After that, the market did not find support on the bullish trend line and broke it, with confirmation that the range had resumed.
But with continued downtrend and confirmation of price decline and breakout of range support, we can expect a downtrend until strong support is reached.
Price targets:
Target 1: 0.40
Target 2: 0.36
XRPUSD SETUP - SHORT TO 0.47 OR LONG TO 0.495Right here is a new analysis showing us two possible scenarios.
First, to short to 0.47000 or long to 0.49510.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
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Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
XRPUSDT, nothing to growth.Hi friends. "Earned Pro" script show big solds from 0.41 to 0.49. I think we will took a big downward trend in near future and target 0.38850 is actually like never before.Levels thanks to X-Lines script. And dont forget to look at my previous idea where we take a bull's target 0.64. Follow me.
XRPUSD - Symmetrical triangle breakout.Right here is the symmetrical triangle. We can see price moving in between the two trendlines.
Therefore I expect price to either break the resistance trendline upward to $0.64327 or break the support trendline downward to 0.41000.
Either way, I expect price to go long.
What do you think?
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Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓