Xrpusdttechnicalanalysis
Long On XRPUSDT.Kindly like, comment and follow for more ideas,
***** This trade idea is on spot trading. I do not recommend futures for this particular trade. *****
* I see potential POI ranging from 0.9764 to 0.7632
* It should be a perfect buying opportunity with stop loss at 0.5239
Reason;
* First of all, you can see perfect cup and handle formation on daily and weekly time frame which indicates Bullish trend coming up soon. Secondly,
* I always use Fib retracement as my basic strategy as well as support and resistance . I see a perfect retracement on golden zone range between 61.8 to 78.6 that is 0.8875 to 0.7632.
* Take profits are just truly based on inverse FIBS
* Note that, take profits after usual cup and handle is different, i will note it down if you wish to follow those take profits and i will explain them why it is set that way;
Take profit 1 is equal to the size of the handle. ie., 1.7810
Take profit 2 is equal to the size of the cup. ie., 3.4928
* Stop loss is set at 0.5239 as it will break 1.00 on FIBS and make a new LL.
* Keep you short loss small and profits big
* This trade is 1:11 risk to reward ratio.
* This is not financial advice. Invest only what you are prepared to lose and do not predict the movements, READ the charts.
Best wishes,
Zaki
XRP 1D "How will I spend the autumn"At the beginning of the summer, we published an idea for a pair of XRPUSDT called: "How will I spend my summer"
How the idea worked, good or bad, of course, can to rate just you. You can even write your thoughts and impressions in the comments.
Considering that the summer will end in 2 weeks, it's time to update your thoughts on the XRPUSD trading pair.
XRPUSD price shot up in almost the last wagon of alts after the fall in May. As always, Ripple grows in value when its time comes, and it doesn't care how the price of BTCUSD behaves at that time. XRP rises in value because it has to)
Buyers of XRPUSDT met the first worthy resistance around $1.30, after which a downward correction began.
To continue the growth now, it is important for buyers to keep the price above the liquidity zone of $0.97-1.07, then the way will open for growth to the area of $1.50.
And here serious battles will already begin.
If sellers win, then you will need to sell your Ripple and place new buy orders in the region of $0.74-0.80
If in the area of $1.50 the buyers show that they still have strength for growth, and, accordingly, the price consolidates above this level, then it will be possible to continue to be the holder of XRP.
Under these conditions, the path will open for continued growth! But no, no, not up to $10 for XRP, as Ripple holders have dreaming since 2017, but it will be possible to aim for a price increase to ATH i n the $3.00-3.30 region.
_____________________
Do you like the idea fulfilment? Does it help you trade and make a profit?
Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
XRPUSDT might get a Pullback before going up
Welcome back Traders, Investors, and Community!
Hi Traders, XRPUSDT is moving up closing to the end of the triangle, if it breaks above the Resistance line it might go high up to 0.9298, however it might get a Pullback around 0.5803 before it goes higher.
On the H1 it seems that it’s going to break below the Support for a Pullback before it goes higher.
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
XRP 1D "How will I spend my summer"This XRPUSDT review is a continuation of a previous global idea, so it's worth reading it first.
Now, we hope that you understand the logic of thoughts from the previous idea , and let's look at the wedge on the daily timeframe.
We slightly adjusted the edges of the wedge.
The fact that during the May fall the mirrored level of $0.75 withstood the onslaught of sellers and margin calls can be considered positive, and now the trade continues above it.
Safe long we can take after fixing above the XRPUSD price of $1.05-1.10. In this case, you can expect growth to $1.70, where is the next critical level
If the XRP price begins to consolidate below $0.75, forget about the long , because the value of Ripple may fall to $0.40.
The possibility of such an option is not denied by the XRPBTC chart.
The price was unable to break through and gain a foothold above 3800sat. and accordingly headed to 1800sat. This possibility was also warned about in the previous global idea.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)