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Ripple

📉 XRP AFTERNOON TA 📉 ⚡ Hi, hope you guys are doing alright today, and thanks for joining as always ladies and gentlemen. This won't take too long, mainly just a follow up from yesterday's idea. ⚡ Honestly not too much here to see, it's good to see that XRP's pulling back up as I type this but we'll keep things simple as possible. XRP continued it's descent after failing to regain the 200 EMA yesterday sending us down. HOWEVER we avoided falling below the local line of resistance which became support once above it. ⚡ I've simply extended that line today and if you check out yesterday's idea you'll find what we originally marked and can add that to your own charts as you please. Anyway it's good that we've managed to avoid falling below the line else we'd likely fall even further than what we currently have today. So look at that line as a support for now and a resistance should we fall below it. ⚡ Next resistance now is gonna be that consolidated channel being that we fell out of it and will have to face the sell pressure whilst trying to break back in and above into the channel before we can look for our next avenue. ⚡ If we can regain that consolidated channel we'll likely get a good chance to regain that 200 EMA and if we're lucky enough we can use that as a catalyst to potentially break out past a couple levels we've got above which you guys are already aware of. ⚡ If we do fall further look to my 0.50 level of support. There's a reason that line is blue unlike the others after all, it's the make it or break it point. Fall below and we get a likely sell-off. Keep above and we should just alright. ⚡ I have to attend to some things but hope that was alright, just wanted to get a quick idea out for you guys real quick. Thanks for tuning in and feel free to leave a like or follow, even a share. And if you don't feel like doing any of those things, that's alright too, just have a great day and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
HelenP. I Ripple can bounce from trend line and start to declineHi folks today I'm prepared for you Ripple analytics. Recently price traded inside the 0.6370 - 0.6210 resistance zone, which coincides with the 0.6210 resistance level. Later Ripple broke the 0.6210 level and made a strong impulse down to the trend line, thereby breaking the 0.5080 support level too. But at once price rebounded higher of support level, which coincided with the support zone, and started to trade near the 0.5080 level. A few time later price declined to the support level, which there time coincided with the trend line and rebounded. But some time ago Ripple broke the trend line and at the moment it trades below this line. For this reason, I think that the price can rise to the trend line and then start to fall to the support level. After the price reaches this level, Ripple can break it, make a retest, and then continue to decline. Therefore I set my target at 0.4700. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
9
XRP - Unveiling the Objective: Demystifying the 11 Cents Target.In this video, I revisit the entire pattern to provide a refreshed perspective on its current progression. I've discovered an effective approach to convey my viewpoint by employing a scaled-down rendition of the overarching wave we are presently experiencing. Every wave adheres to a specific set of regulations and principles that serve as valuable tools for anticipating upcoming movements. The minor wave mirrors the characteristics of the larger wave, reinforcing my inclination to formulate such hypotheses. I am of the opinion that the target of 11 cents aligns with these fundamental principles. The content of this video has been deliberately presented in a clear and uncomplicated manner to articulate this concept.
BITSTAMP:XRPUSDShort
by AriasWave
XRP - Strong Rejection Zone 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we were looking for buy setups around the lower blue trendline. After rejecting the upper bound of the wedge pattern, X RP is now back around the lower bound / blue trendline again. Moreover, the zone 0.5 is a strong support and round number. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. As per my trading style: As XRP is sitting around the rejection zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...) For example, as a simple market structure approach, to confirm bullish control we need a break above the last minor high highlighted in orange. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
26
RIPPLE - Price can decline to support level and try to break itHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 After price bounced from $0.6140 resistance level, which coincided with resistance area, it rose to $0.6600 point and entered to falling channel. In channel, Ripple declined back to $0.6140 level and broke it, made retest, and later fell below. Next, price made downward impulse below $0.5040 support level, which coincided with support area, but at once rose back. Also, Ripple started to trade inside triangle, where it reached resistance line, but recently exited from it. Now price trades below resistance line and I think that Ripple can bounce down to support level and try to break it. After breakout price can make retest and then continue to fall to $0.4450 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
Stellar Lumens - A Hidden OpportunityStellar Lumens - A Hidden Opportunity I cover the chart first and then some positive fundamental's and tokenomics. The LSE:XLM Chart I located and plotted trigger points, boundaries and of course a time structure. There is a clear bull/bear time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number for Bull and Decline periods. Three positive price action triggers are marked on the chart and are confirmed by the following: 1. Break above 10 Month SMA, combined with 2. Confirmed MACD Cross, combined with 3. Both occurring in the bull pattern time window All three have just occurred as of July 2023. IN ADDITION 4. This time we have broken above the POC, and 5. We have broken out of the OBV resistance line. All of the above is extremely bullish for Stellar Lumens XLM for the long term. The risk/return is ideal as a price just under the bottom of the ascending triangle can act as a stop loss for you and the upper end can act as a first main point to take profit. Undesirables: - If we close a weekly candle outside of ascending Triangle, Exit trade. - If we fall below the POC or 10MSMA, reduce position size or hold off until this happens and increase position size. This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above, ideally closing the majority of the position at the first trigger point 0.60c (lock in your stake and some profit). Furthermore, you have to be able to withstand the volatility within the ascending triangle without capitulating your position. There is currently some room to the downside but a lot more to the upside, you need to be prepared for both. Positive XLM fundamentals: Stellar is already being onboarded as a potentially compliant global payments system: Stellar (XLM) like Ripple Labs (XRP) is intending to be a layer 2 international global payments remittances provider and enabler, albeit while Ripple Labs is targeting big business and institutional networks/transactions, Stellar has an incredibly varied pipeline from on/off ramps, asset tokenisation, moneygram conversion and access, and much more. Stellar appears to be targeting the developer, the retailer, the consumer, the international payments community in their transfers/remittances, and the unbanked. The Stellar Blockchain is a decentralized consensus protocol making it very quick and very efficient with a distributed ledger updating globally every 2 to 5 seconds. ISO 20022 is an International Organization for Standardization (ISO) standard for exchanging electronic messages on payments data between financial institutions. They set the international payment standards through the likes of the SWIFT system and for the likes of CITI Bank, HSBC, J.P Morgan and Deutsch Bank. Currently cryptocurrency’s that are ISO Compliant or in the process of becoming compliant include Ripple CRYPTOCAP:XRP , Xinfin Network TSX:XCD , Algorand EURONEXT:ALGO , IOTA and Stellar Lumens $XLM. Why is this so important? Well because ISO compliant payment networks will be the most likely to be called upon for the distribution or enablement of Central Bank Digital Currencies (CBDC’s) and other secondary payment protocols. Private Partnership from the likes Ripple & Stellar will likely be called upon to develop, enable and distribute a new CBDC: We are aware that most governments are in the process of developing CBDC’s and cannot complete this task without private partnerships. For example as early as 2019 the Official Monetary and Financial Institutions Forum (OMFIF) outlined the following observations: “Practically, the operation of a CBDC is likely to rely on some sort of public-private partnership. Central banks could outsource the distribution of the CBDC to private financial institutions, which could also be involved in the onboarding of users” “most central bank respondents suggested they would outsource many of the public facing tasks involved in CBDC management to third parties.” “Some central banks noted that certain functions – such as ‘onboarding and overlay services’, or the actual distribution of the currency itself – could be ‘outsourced’ to private sector participants.” “Among respondents, 64% said ‘intermediation’ functions, such as customer onboarding, which could be ‘outsourced’ to private sector participants, would be important in CBDC implementation” In more recent news the Bank for International Settlements (BIS) AKA the Bank for Central Banks published a report based on surveys and data collection called “Making Headway”, they advised that: o 86 central banks took part in the survey (including the largest) o 15 CBDC’s would be up and operational by the end of the decade 👀 o Confirmed that Central Banks can hold up to 2% of their balance sheet in cryptocurrencies from the January 2025. Considering the BIS is usually very anti crypto this news is significant. Positive Tokenomics Vs competitor XRP: XLM is currently 21st largest cryptocurrency in the world with a market cap of €3.4 billion. XRP by comparison has a market cap of $27.8 billion and is ranked 5th, thus XRP would have a harder time of it in terms of multiplying its larger market cap and price. In November 2019, the overall XLM supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. So XLM has a max token supply of 50 billion whilst XRP has a max supply of 100 billion making it a more price dilutable token than XLM. At present XLM have released 51% of their 50 billion max token supply to the market whilst XRP have released 50% of their 100 billion tokens - 52.9 billion tokens (equating to number greater than the full supply available in XLM). XLM’s price will be greater impacted by demand than XRP due to the lower max token supply, smaller market cap and the fact no more new Lumens can be created, it is a fixed supply. The more participants that join the network and use the network the less Stellar Lumens are available thus creating a demand. From Jan 2020 to present Stellar Lumen accounts have increased from about 4.2 million to 6.7 million. In the same period total transactions increased from <250,000 to almost 1 million. All in this 12 – 18 month trade comes with a lot of positive upside and limited downside. XLM has a reasonable fundamental narrative backing it that could make it central to future payment networks and the XLM tokenomics provide a lot more upside potential than those of its close competitor Ripple (XRP). I am a fan of both offerings however it seems reasonable to have an XLM position if you have an XRP one. Maybe we can be the X-Army and support one another…. Maybe “X” will use both for its payment platform. One can dream. Please have a look at my XPR chart which is similar to the this XLM one, you may find that beneficial too. Hope all of the above helps frame XLM in your minds eye and also provides you with a structure for an XLM trade. PUKA
COINBASE:XLMUSDLong
by PukaCharts
10
XLM\XRP - I Told You This Was A Fake Out... Who Listened?Back once again to highlight some key points about what most herders have been thinking over the last couple of months. Nothing new, just some hard facts about how ridiculous these sheep like creatures appear to me when they speak nonsense garbage. A lot of these people that doubted my predictions are just useless nobodies that never invested 2 seconds of their time to learn anything about how markets operate. I spent over 8 years creating the AriasWave methodology and have become an expert at reading these waves as a result. I no longer need to bother wasting my time preaching my views to people. I do however like to go against these fools every now and then to rub salt in their wounds. Most importantly there are still some good followers out there that still appreciate my work and those people are these reason why I decide to come back and post. So if you are one of those people and want me to start producing more content then start showing your support by doing the needful. We all use social media these days, so you know what to do. Currently there is not enough of a clear pattern for me to label the start of the third-of-a-third wave down but it's coming, so perhaps stay tuned and I may post something sooner rather then later.
BITSTAMP:XRPUSD
by AriasWave
4
TRADE ALERT - LONG XRPTraders, We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17. Take a look at the RSI. Notice the RED TL. You could have traded XRP on this indicator alone and made massive profits. And for the most part, my followers and I have entered at those touch locations with a few exceptions. Anyway, today is your lucky day. Why? Because we are just about to hit that RED TL on the RSI once again. I'm a bit early in my entry just b/c I has my buy set at .585 and it was triggered. But ideally, I would have hoped the touch of the red TL would coincide with a price of .58 cents. I think over the next day or two you all will see that happen. AND. You just might be able to enter at a better price than I have. Best of luck to you all! Stew
Long
by stewdamus
🔥 XRP DAILY TA 8.21.23🔥🔥 Hi! Thanks for joining ladies and gentlemen, I've gotta rush to work so this idea's gonna be quick yet efficient. So thanks for joining me as always. 🔥 XRP has reversed since hitting that peak at 0.55 yesterday which is understandable after such a big move. We held a bit at 0.53 as we'd hoped but couldn't really find any support there and continued down further. I've added this diagonal black like on the 15 minute chart which is basically the same as our MAIN resistance lines. Only this one is for the local chart/ timeframe. 🔥 Feel free to add that to your charts. The goal is to break above the diagonal resistance. We do that and we can possibly get another breakout and regain that 200 EMA. Until we break the line it'll keep acting as a downward force pushing us down much like our MAIN resistance has continued to do. 🔥 Can see how we did manage to avoid falling further below 0.51 before pulling up to that 0.514 horizontal level and pulling up and out of the local horizontal consolidation channel. With us being at this point between the consolidation channel and the diagonal resistance on the local for both that could help act as a sort of push for us to break out from the descent. But if we can't break past that diagonal then we'll likely get pulled back into the consolidation and another battle starts there. 🔥 Really have to go now but I at least wanted to get something out there quick for you guys today. Hope that helps a bit and have a great day as always, feel free to leave any likes or follows, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
Long Grayscale Crypto Altcoin Products GXLM Stellar Lumens ZcashXLM Price Live Data The live Stellar price today is $0.107277 USD with a 24-hour trading volume of $104,424,569 USD. We update our XLM to USD price in real-time. Stellar is down 3.56% in the last 24 hours. The current CoinMarketCap ranking is #28, with a live market cap of $2,709,539,393 USD. It has a circulating supply of 25,257,395,966 XLM coins and a max. supply of 50,001,806,812 XLM coins. The Zcash trust is the other top opportunity. Both Stellar and Zcash have good setup to provide near 100% moves in a fast manner
OTC:GXLMLong
by noam_chom
1
Ripple can continue rise to resistance line of downward channelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that price declined inside the downward channel, where it first fell to the 0.6620 resistance level, which coincides with the seller zone. After this, Ripple broke this level and fell to the support line of the channel, but soon it bounced up and tried to rise. Price reached 0.6620 resistance level and at once rolled down and continue to decline near the resistance line of the downward channel. Also recently, ripple rebounded fro the resistance line and made a strong impulse down until below the support line of the channel and even later broke the 0.5170 support level and fell to the support line. Bit in a short time it backed up to the channel, thereby making a fake breakout. At the moment Ripple trades near the support line, which coincides with the 0.5170 support level, and probably price can bounce from the support line and continue to rise to the resistance line of the downward channel. For this case, I set up my target at the 0.5860 level, which coincides with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
USD Surge and Risk-Off Moves: Factors Behind Cryptocurrency DownCryptocurrencies have seen some aggressive turndown lately, and there are a few reasons for a drop. 1.SpaceX Selling Bitcoins: Firstly, there was news last week that SpaceX, a company known for space exploration, had sold some of their Bitcoins. Since Bitcoin is a major cryptocurrency, any large sale by a well-known names, creates uncertainty in the market a especially when news is in connection with Elon Musk. 2. Risk-Off Moves and Strong USD: “Risk-off” moves refer to investors becoming more cautious and moving their investments away from riskier assets like stocks, and even cryptos and moving them into cash. So USD is recovering making cryptos weak which is not a surprise as US yields are still on the rise. 3. Ripple Case and SEC Appeal: The news about the Ripple case also contributed to the drop. The judge has decided to allow the SEC to appeal the case means there is still some uncertainty about how cryptocurrencies like XRP will be regulated. Ripple has seen some nice drop so far and erased all of the gains that were made in July after the announcement of a Ripple win over SEC. From a longer-term perspective, I think Ripple is moving into the attractive zone for a bounce, now after some “weak hands” are gone following an over-crowded and over-optimistic reaction back in July. All of these factors above combined create of instability in the cryptocurrency market, causing prices to decrease but when looking at the cryptocurrency total market cap, there can be some interesting support still for this year as we see wave C in progress; final leg of a contra-trend movement.
CRYPTOCAP:TOTAL
by ew-forecast
📈 Hi! Quick and Important XRP Analysis 📈📈 Thanks for joining ladies and gentlemen! Gonna keep this idea simple but important! So tune in, and thank you for joining me for a few minutes of your day. 📈 It's good to see that XRP has managed to pull up regaining that 200 EMA after what was some sideways trading with XRP managing to regain the 200 EMA for the 3rd time and get the confirmation traders needed once a higher high formed on the local. 📈 Yesterday's idea was on the fact that we'd exited that consolidation channel and wanted to keep out and above it which traders managed to execute. We did nearly fall back in once but no doubt some whale or big buyer bought in at that 0.514 mark to help us avoid falling back in. 📈 I've added a second consolidation channel on the 15 minute since we can identify as well how once that was broken we got the catalyst we needed breaking above 0.52 which ultimately helped with the pretty big rocket up. Like I said yesterday we'll have some bad weeks but just as we'll have some we'll also have good ones. Keep steadfast. 📈 Below is then a very important chart I'd like you guys to check out real quick, speaks for itself. 📈 I made things simple as possible adding the white text bubbles to annotate the support points and as my main bubble already explains, none of these lines I have are new. I haven't added a new horizontal level in what's probably been over a week or two and that was at the higher levels prior to our drop. And yet the chart is following so close to those horizontal lines still. 📈 Signifies that traders still have those lines marked and are watching them just as we are. For example right now the goal is to keep above 0.54192, if we fell below that the next support would be at 0.535 and so on. What matters is that XRP is still keeping a very close correlation to it's historical support and resistance levels. And just as that's possible for the ones down here, it'll be possible for the ones above and the ones on our longer timeframe's/ the big picture. It's basically positive news. 📈 With that being said I told you guys I would keep the idea short and important and so we'll leave it at that, with a big impulse wave wave up and a lower high on the local we'll likely bounce back down to that 0.53 point and search for support or find a new consolidation channel around here to test the waters again. I mean we can't deny that we had a pretty big move up quick and with that traders will be hesitant to buy and a lot more trigger happy with that sell but also not too sure of which way things could go being that bitcoin is leading the way. 📈 Basically it's anyone's game right now after a big move up like this, we want to avoid losing that 200 EMA of course but if we do lose it refer to the 15 minute, seems to be the biggest catalyst/confirmation for the market right now. 📈 That's it for today's idea, I've rambled enough but hope that helps out a bit, just wanted to give some quick thoughts and all. And as always any likes or follows are always appreciated, simply trying to do my best for you guys as always and fighting on. Thanks and have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💥 The Craziest Week | XRP Important 💥💥 Well. It's been one of those weeks. I haven't gotten the chance to post yet with a lot going on personally but I'll keep this quick and summed up best as possible. 💥 Seems we got a perfect storm scenario and well, that storm struck pretty hard as I'm sure most of you are aware of/possibly reeling from. We had the S&P 500 fall for another consecutive week with the market full of red heat maps all around. 💥 For XRP the main news catalyst was the SEC announcing that it had asked a federal judge for permission to appeal the original Ripple ruling in which XRP was declared as a non-security. Such news originally had helped send XRP as well as the Crypto market sentiment up overall and with the judge having granted the SEC's motional to file an Interlocutory appeal against Ripple Labs now things have turned sour sentiment wise. 💥 It's important to note though that Ripple does have the option as well to file an opposition to the SEC's motion and regardless an appeal is usually a lengthy process that takes months sometimes even and till any new decision is made, XRP still stands as a security and there's no doubt they will continue to make way taking advantage of that right now as they continue forming partnerships and work behind the scenes. 💥 Ripple aside we had China's Evergrande Group file for Chapter 15 bankruptcy (foreign bankruptcy) which has helped send a lot of stocks/markets tumbling globally. This isn't too unexpected but still with most of the market, we know that the market like's to take news and simply go flying with it whichever way. That on top of the Fed Reserve noting they may raise hikes again and the 30 year mortgage rate being at it's highest since 2001 just hasn't made helped show anything positive. 💥 That aside we know now that basically what's going on is the fact that the news combined with market sentiment has just all formed one perfect storm to send everything tumbling down, XRP got hit hard with that 15% drop to 0.50 but so did the rest of the market too with Bitcoin leading the fall. Crypto we already know how swayed it can be, a couple of market whales sold in a more than likely planned sell-off and sold off their stakes in crypto/market. 💥 Even stocks we're logging double digit losses this week, it's been a crazy market sell-off week with crypto alone shaving nearly $1 trillion over the course of a few days kicking us into a 34 (Fear) on the Fear and Greed Index via CoinMarketCap. Something else to note for the drop has been liquidations. Liquidations made up the bulk of the fall of most cryptos. In just 24 hours alone on the 17th nearly $1 billion worth of liquidations with BTC leading at $472 million and ETH alone at $302 million. If you don't understand liquidations dm me or ask below and I'll post on it. But basically they help contribute to sell-offs very much with stop losses and margin calls all playing a part that usually leads to liquidations and these wild drops. www.coindesk.com 💥 We've seen this happen time and time again where whales will trigger these liquidations/bad sentiment and a ton of bad news seems to come out of seemingly nowhere. I mean less than 2 weeks ago the market was having a blast. And now it's like the place is on fire. But what matters is that we've seen this time and time again, just like things move down quick, they can move up just as quick. The money's simply flowing in and out like the tides but even so it's all crazy. Doesn't deter my faith in crypto at all but definitely can see how it's knocked out a lot of sentiment. 💥 One thing I like to say though. Like a smart man once said, "But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward." ~ Rocky 💥 Don't let the news and sentiment kill your faith and spirit. As I continue to say, things will work out accordingly. And these falls have been thanks to the market itself sinking, so imagine what the heights will look like when the market rises itself and the money flows back in/we get back into the Bull market. Again I'm not a financial advisor but I just want to emphasize not giving up. The market's tough but I know that if your reading this, your way tougher. 💥 Ta wise below is our consolidation channel and the support at 0.50 which is understandable being it's a point of accumulation. We already touched that 0.45 with the wick extension and found immediate support there thus we're marking 0.45 as that last line of defense though the real defense so far has been at 0.50 with that seeming to be the entry point for many traders right now. Below is the 15 minute chart. 💥 I've added the consolidation channel in the yellow and should point out that as we come to fight with the 200 EMA, the main goal will be to regain that, BTC and XRP have failed time and time again since the peaks for both, failing to regain the 200 ultimately allowing us to fall like this with the market news as well contributing. If we can regain the 200 EMA it would be a nice boost and offer some more sentiment traders. Without any confirmations on regaining that 200 EMA for either the market traders seem real hesitant to enter which is reasonable. 💥Below is a quick 45 minute chart that doesn't have anything new aside from the annotation of the fall. As depicted, our chart and 200 EMA managed to exit from the MAIN diagonal resistance line though that was short lived as we ended up losing the 200 EMA again and fell back below the main resistance also triggering the sell-off. 💥 With that last bit done, I think I've made this idea a bit too long to call it a summary now, but it's been a wild week. Still though like I said my faith and belief is unwavering. We're gonna have days and weeks like this, but just like we'll have bad weeks, we'll have good weeks. Sorry for the length and all, just a lot I wanted to go over and with not having been able to post I just had to spill that out. Make sure you guys follow and leave a like or share, always helps me out even if it's just a simple click to me it's a simple gift. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
HelenP. I Ripple can break support level and continue to fallHi folks today I'm prepared for you Ripple analytics. A few moments ago price fell to the trend line, and soon it declined to the resistance zone, which coincide with the 0.6600 resistance level, but later Ripple bounced up and some time traded there. After this price continue to decline and firstly fell to the 0.6600 level and later broke it. Then Ripple tried to back up, but after it reached the 0.6600 resistance level, it rebounded down and continue to fall to the next level, thereby breaking the trend line. And when Ripple fell to the 0.4930 support level, which coincide with the support zone, it first traded near it, but recently price bounced up and now trades higher. I expect that Ripple can rise to the trend line and then start to fall to the support level. Also, I think that price can break this level and continue to fall. For this reason, I set up my target at the 0.4450 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
XRP chart analysisXRP came to a zone that last time worked as resistance And also worked as support at the beginning of 2022 and in the middle of 2021 We see that the price has broken through 50 daily MA, but if you look at how we close the day ,with a big shadow, we can assume that in this zone there will be a buyer's interest that will keep the price We also see climactic volumes at the end of this drop on the 4H timeframe To confirm a positive scenario and a good price bounce, we need a return back above 50MA And will be even better, above the last descending high (0.666) In this case, the price has all chances to go back to the zone 0.85 -0.94 The nature of the price growth to this zone (strong growth or weak growth) will show how likely it is to see another impulse soon (at least to the zone 1.3-1.4) It is very important for the price not to fall below the 0.55-0.58 zone And everything above this can be considered a range-accumulation before the next impulse. Ideal if the price will accumulate above 0.7
Long
by razumcapital
2