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Xrpusdshort

XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3038 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3514 (horizontal swing high resistance). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3038 (horizontal swing low support, 78.6% Fibonacci extension, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3259 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3038 (horizontal swing low support, 78.6% Fibonacci extension, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3259 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
2
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3032 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3247 (50% retracement, horizontal pullback resistance). Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3229 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3388 (horizontal swing high resistance, 50% fiboancci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.3454 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3051 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.3454 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3051 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.3454 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3051 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3454 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.3852 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3439 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down our major support at 0.2872 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3439 (horizontal overlap resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2880 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance where we might see a further drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP POTENTIAL SELL OFF - DESCENDING TRIANGLE FORMATIONNOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... As drawn there has been a bearish descending triangle that has formed on the 4H and 1D time frames. Sorry for the late delayed post, the price has reached the first price target (I accidentally forgot to post this when I first identified this setup!). and COULD reach the second region highlighted (around 0.30300USD) or look to turn back to the upside. - Scenario 1: If it goes towards the downside, XRP's price could reach the region around 0.30300 USD. This idea is mainly being projected from the 1 candlestick meltdown from the descending triangle , which could mean there is space for more. Moreover, on the 1D RSI , it is still not currently oversold, so there is more potential for this pair to melt on the daily time frame. - Scenario 2: As RSI states it is currently oversold on the 4H around the 30.0, it could signal a reversal towards the upside following a strong sell-off from the descending triangle . If so, the first major price projection to the upside would be retesting the resistance around 0.32200, and if this is surpassed, then towards the 0.33475 region. All resistance and support regions have been clearly marked in the blue coloured box. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
BITFINEX:XRPUSDShort
by ShaunLeo35
2