Xrp to the moon? 🚀
Updated
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. ✌
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. ✌
Note
XRP is trying to come out of the triangle but not yet.Note
So XRP has broken out of the triangle. We just need consolidation above the triangleand then go for 0.70$ at the first step.
Trade active
0.70$ reached.Note
So XRP broke 2 important resistances. 1) descending trend line 2) purple resistance
It just needs to consolidate above the purple range and then we are ready to
see higher targets for XRP. 🤞
Trade active
1$ 😍Trade active
1.9$ was reached three days ago. 😍Trade closed: target reached
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