Xrpusdsignal
Updated- XRP:USD short term trend analysisThe driving application for pattern is based on fractals from 2017
This is an update from mid week last week
44 waves in total over ~60 weeks.
where are we now?
we have completed waves
1,2
we are headed to wave 3
wave 3 target
1.80-2.20
1.80=2017 fractal lift
2.20=0.236 FIB level 4yr trend based fib extension
2.00=3.618 on 1.50 push
begin break FIB time bar 13 (yellow vertical)
wave 4 target
0.86-0.59617
correction range large due to
high=0.86/probable support (long term support trend)
low=0.50 FIB level on 4 yr trend based fib extension
target fib time bar 34
wave 5 target
5.00 - 6.20
6.20=2017 fractal lift
5.00=3.618 FIB based on 0.86 retracement from wave 3 to 4
target FIB time bar 55
Its about time! I've been holding XRP since November 2017 whilst continuing to buy more along the way. Its been extremely hard to keep the faith during its very long period of capitulation. It currently forms 2/3rd of my speculative portfolio which shows my high conviction but also the fact that i am overly exposed to this crypto asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
Large scale institutional adoption.
Regulatory clarity in the US.
Complete deployment of all the XRP that is held in escrow.
More decentralized validators secured around the world.
lastly a household change in sentiment around XRP and its use case. Its such a hated crypto asset at the moment.
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
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Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
XRP - 6h. Buyers plan to test $0.78The long-suffering triangle that has been forming in the XRP market for 2 months may end its existence. The fact is that today buyers managed to break through the upper trend line of the triangle , which is a good signal for the continuation of the XRPUSDT price growth with the first target of $0.64
Trading volumes in the breakout of the upward triangle trend line were increased. However, if you look at the 12 hour timeframe, the trading volumes on the triangle breakout are quite small:
It is quite possible that this is a false breakout of the triangle and the price may return to its limits. Therefore, now we want to wait for the correction after the completion of the real local growth impulse.
If buyers keep $0.53 , it will be a good signal of buying strength and price growth to $0.78 . The loss of the mark of $0.48 by buyers will quickly help sellers lower the price to $0.42. Therefore, in this situation, we do not plan to rush. However, you need to keep a close eye on XRP.
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XRP - update of the situation 🔥The price made a false break at the most important key level. The ideal entry point happens when the price rises above the last false breakout.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP road to $10 #XRP/USDT currently trading at $0.56
If you are long term holder then you can buy some $XRP.
Entry:- $0.5-$0.56
Targets:- $0.61/$1.03
once we break and close daily candle above 61 cents we can say that road to $10 started
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Xrp to the moon? 🚀Hello Traders , Hope you are having a wonderful weekend 🙌 .
Today I want to share my thoughts on XRP. As you can see, XRP is in the accumulation and price is moving in a triangle ( blue lines ) but to which
side? UP or DOWN ?
In my opinion, we are hearing some good news about ripple`s court and also exchanges are likely to relist XRP again so sounds like it is going to break the triangle upward and see a good bullish move from XRP. If this scenario happens, we are going to see 0.75$-0.80$ at least.
There are 2 strong resistance in front of XRP :
A ) 0.75$-0.80$ ( purple range ) is a strong resistance area + B) The long term yellow descending line ( around 0.70$ )
So overall, 0.70$-0.80$ area is the biggest resistance in front of XRP which in my opinion, by relisting XRP again in big exchanges, this resistance is going to
get powdered and God knows where is XRP going to? 🚀😎
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on XRP. ✌
XRP/USD LONG SET UPTitle: XRP/USD BUY LIMIT
Asset: Crypto
Symbol: XRP/USD
Type: market execution/Buy Limit
Time Frame: 1D
Entry Price 1: 0.55740(Active)
Entry Price 2: 0.50740 (PENDING)
Stop Loss: 0.45740(1000 pips)
Take Profit 1: $0.65740 (1000Pips)
Take Profit 2: $0.75740 (2000 Pips)
Take Profit 3: $0.85740 (3000Pips)
Take Profit 4: $0.95740 (4000 Pips)
Take Profit 5: $1.05740 (5000 Pips)
Status: 🏃🏽♂️Active🏃🏽♂️
---------You Can enter a partial entry now
**Support**
-$0.55780 (Major Support)
-$0.51280 (Major Support)
-$0.41280 (Major Support)
-$0.36460 (Major Support)
-$0.30250 (MajorSupport)
**Resistance**
- $0.51280 (Minor Resistance)
- $0.63780 (Major Resistance)
- $0.76000 (Major Resistance)
- $0.86280 (Major Resistance)
- $0.96280 (Major Resistance)
- $1.00280 (Major Resistance)
Bullish move next?Following the previous analysis, I am now posting an analysis for the short term view.
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!
XRP/USD LONG Set Up (HODL) Title: XRP/USD BUY LIMIT
Asset: Crypto
Symbol: XRP/USD
Type: market execution/Buy Limit
Time Frame: 1D
Entry Price 1: 0.41600(Active)
Entry Price 2: 0.40600 (PENDING)
Stop Loss: 0.38600(300 pips)
Take Profit 1: $0.44600 (300Pips)
Take Profit 2: $0.5740 (600 Pips)
Take Profit 3: $0.63740 (1200Pips)
Take Profit 4: $0.67740 (1600 Pips)
Take Profit 5: $0.71740 (2000 Pips)
Take Profit 6: $0.75740 (2400 Pips)
Status: 🏃🏽♂️Active🏃🏽♂️
---------You Can enter a partial entry now
**Support**
-$0.41280 (Major Support)
-$0.36460 (Major Support)
-$0.30250 (MajorSupport)
**Resistance**
- $0.51280 (Minor Resistance)
- $0.63780 (Major Resistance)
- $0.76000 (Major Resistance)
- $0.86280 (Major Resistance)