Rippleusd
#Ripple #XRP #H1 waiting for retest and long around 1.5 -1.6 On 6th May of 2021, on H1 the XRP/USDT have broken the down trendline from 1.9 to lowest at 0.9
The break out point at 1.5-1.6 would turn the downtrendline into the resistance,
Trading Plan: Wait for retest at 1.5 - 1.6 then long target 1.9 Sl at 1.3
XRP takes off for a colossal technical liftoff eyeing $2.3Ripple finally embraced the vital support at $1.3, allowing bulls to take the mantle. The bullish leg extended above the 50 Simple Moving Average (SMA) on the four-hour chart near $1.5, further cementing the bull’s presence in the market. Last week’s resistance at $1.6 seems to have bolstered XRP beyond $1.7.
At the time of writing, Ripple is exchanging hands at $1.7, following a 17% growth in the last 24 hours. The cross-border token has attracted a $15 billion trading volume across all platforms and boasts $78 billion in market capitalization. XRP is working toward reclaiming the fourth spot by unseating Dogecoin.
Ripple rally toward o$2.3 builds momentum
An ascending triangle formed on the four-hour chart is a massive bullish signal. This pattern develops during an uptrend and signifies the continuation of the previous trend. A couple of trend lines make the pattern, connecting the relatively equal peaks and the ascending lows.
The horizontal line (x-axis) shows that sellers gradually lose traction while the hypotenuse shines a light on a strengthening bullish outlook. A final break past the x-axis usually culminates in a significant upswing. The breakout is characterized by an increase in volume and has an exact target measured from the triangle’s highest to lowest points.
The ongoing uptrend seems to have been seconded by the Moving Average Convergence Divergence (MACD) indicator. In addition to entering the positive region, the MACD line has crossed above the signal line, which is a bullish signal.
Consequently, the Relative Strength Index (RSI) on the four-hour chart reveals that the slightest resistance path is upward. A break past $2 will likely trigger massive gains to close the gap heading to $2.3.
Ripple intraday levels
Spot rate: $1.7
Trend: Bullish
Volatility: High
Support: $1.6 and $1.3
Resistance: $1.75 and $2
If the history repeat itself | XRP/USDThis is my view on XRP/USD and this is the Technical behind it, is fundamentally price soars way higher or dumps hard that's different case scenario!
*DO NOT* take trades based on this chart, this is only my view, make you analysis before you do anything and see how you see it!
XRP Possible Reversal ZonesAs much as I love XRP and big fan, it's time to let it be for a while.
XRP broke the ascending channel (blue parallel lines),
Important key points:
a. Price broke the ascending channel.
b. Bearish divergence in the MACD
c. Before breaking there was a sort of a diamond pattern. (This patterns can be continuations but it is also common to see reversals)
d. That V reversal inside the diamond indicated there was a willingness to short at that level
e. Price is in a very gray zone, meaning that it could either continue its downward correction or continue its long term bullish trend.
f. Price trading below its EMA20.
The zones of possible reversals are the following:
First support around 1.07 -1.12 (Very Likely)
Second support around 0.88 - 0.94 (Likely)
Third Support around 0.50 - 0.64 (less likely)
In the first two supports we will be looking for a double bottom reversal.
In the third support zone, which is a zone of liquidity, given by the volume profile, in other words the range of prices where XRP was mostly traded recently, we will look for an AB/CD reversal.
Hope this helps a bit.
Just an OPINION please LIKE and FOLLOW. Best of Best :)
4HR $XRP with 3 take profitseverything pointing up, trade within the trend line going up. if it breaks of course this is not confirmed anymore. 3 take profit zones
this has consolidated and held at support for sometime
once the Doge coin pump is over i guarantee you all the profits are flowing into other alt coins, tiktok and twitter trades do not take profits lmfao
XRP - Backtest Done Hi, this is my new update for XRP. We have backtested the support level $1.47, something I told you we are going to see. Now it’s time to break the BIG resistance level around $1.73. Yesterday we closed the highest weekly candle since January 2018 and that is a good sign. Once we break the resistance $1.73 the next one is around $2. I expect a big green candle in the coming days, so be ready and don’t PANIC ;)
XRP - 6h. Local reversal from the range of $1.8-1.86.The end of the active growth wave in the Ripple (XRP) market on April 14 took off the rose-colored glasses from investors. Setting a new local high at $1.96 has returned confidence to XRP connoisseurs in a non-corrective rise in the coin to $10 . This goal was once popular among XRP fans. Of course, everything is possible in the crypto market, but today a short-term forecast awaits us. As we can see on the daily chart, a liquid zone has formed in the range of $1.8-1.86 , where sellers are actively selling XRP:
For 3 days from April 13 to April 15, buyers tried to take control of this range. However, sellers managed to start a correction and quite sharply lower the XRP price to $0.886. In the previous idea, we predicted a drop in the XRP price to this range:
Buyers managed to stop the XRPUSDT price drop and now the buyers' counterattack continues. However, as we can see on the chart, this counterattack continues at low volumes . Each subsequent local maximum is updated at lower volumes. Each subsequent local impulse is weaker than the previous one. The price is clearly starting to slow down before the liquid range of $1.8-1.86:
As you can see on the 2 hour timeframe, a sharp attack of buyers turned into an inclined trend channel. The breakout of the local range of $1.5-1.55 means that the buyers' attack is completed and a new impulse to fall begins.
At the moment, a positive scenario in the XRPUSD market is the continuation of the price movement within the triangle with the aim of breaking it upwards with a target of $3 . To support this scenario, buyers should not be allowed to drop below $1.1-1.2.
The negative scenario in the XRP market is a deep correction to $0.74-0.77. In this scenario, the seller will test the global trend line of the growth channel, in which the price has been moving since December 2020.
Given the high probability of a new wave of decline in the BTC market from the $ 60,000-61,000 range, we are in no hurry to buy this coin. When the price has tested the range of $1.1-1.2 we will release a new idea.
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XRP / USDTRIPPLE ON THE WAY TO RETAINING ITS PLACE AMONG THE LEADERS.
In addition, more than a cryptocurrency, it is the Blockchain application behind Ripple that is of interest to many players in the bancassurance industry. Although Ripple has some competitors, its efficiency and current market position gives it a central place in the cryptocurrency industry. For example, at the start of 2021, the number of transactions carried out on average each month represents more than 100 billion dollars. Its partnership with solid and influential companies and financial institutions whose positive reputation reflects on the Ripple is an undeniable plus.
The resilience of Ripple pinned by the SEC.
Thus, despite some scandals, XRP retains its attractiveness. Recall that in December 2020, the SEC accused Ripple of having issued unlicensed securities. Indeed, the SEC criticized Ripple for not registering XRP as a security. This SEC accusation led to a collapse in the price of Ripple, of which individuals were the first victims. Ripple has however proved its resilience, as evidenced by the rise in Ripple prices since then, demonstrating Ripple's ability to maintain its position as a first-rate virtual currency over time.
XRP - We Broke The First Resistance Hi, this is my new update for XRP. We have big price action today, as we broke the first big resistance $1.47-1.50. Now we are getting ready for the next resistance around $1.73. The resistance $1.73 is very strong, since we have 50% fibonacci retracement level from the whole bear market and 78.6% fibonacci retracement level from the pullback we recently had from $1.96 to $0.92. So a backtest of the support level $1.47 would not surprise me, since we have to close the gap, but we can also smash trough the resistance $1.73 and after that we are going to test $2. So be patient and don't PANIC ;)
💡Don't miss the great buy opportunity in XRPUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.4982).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.5989
TP2= @ 1.6998
TP3= @ 1.7652
TP4= @ 1.8457
TP5= @ 1.9684
SL= Break below S2
Previous Forecast:
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XRP, Ripple - price moved up exactly as i told. What's next❓14% for 17 hours. Despite the correction of Bitcoin and many other altcoins. Ripple looks strong. Congratulations to those who opened a position with me. If u didn't open it, wait for a retest to 1.4638(but it may not happen). There is the second entry point. I don't see an entry point now.
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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