RIPPLE - Intraday Update - 12/06/20 (Short-term)RIPPLE - Intraday Update - 12/06/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Breaking above $0.7941 is the next upside objective for the bulls.
Outlook: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
Rippleusdt
XRPUSDT (Ripple) Waiting for the Symmetric triangle breakout#XRPUSDT Technical Analysis Update
Wait for the Symmetric Triangle Breakout
XRP/USDT currently trading at $0.6050
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 4h chart
STOP LOSS: I will update once I see a breakout in 4-hour chart
Resistance level 1( Target): $0.75
Resistance level 2 (Targe ): $0.94
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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Ripple - Daily Update - $XRP (Alternative Count "Wave 3")Bottom Line: Favoring higher against 0.2197.
Key Levels: Below 0.1890, 0.2197, 0.2287 Above 0.3039, 0.3272, 0.3440
Outlook: Considering a second wave correction ended and the early stages of a third wave rally have begun against 0.2197.
Analysis: The less than impulsive wave structure from the current pullback low at 0.2450 keeps us from confirming the end of the setback. For that reason, we can't rule out a further low before the larger advance resumes. At this stage, only very impulsive price action above 0.2675 would shift the odds in favor of a completed correction.
80% Trade on XRP in 2021?This is a 6hr XRP/USDT Chart.
As you can see the 700MA is holding quite a lot of weight as well as the 23 cent level and the 29 cent level.
We just got rejected from the 29 level and I expect us to go down and test again the MA as well as the horizontal support of 23 cents.
After that I do expect XRP to start pumping with the rest of the market, but at least to the 43 cents level which is a bloody 80% trade.
Keep an eye on that and stay safe!
XRPUSD LONG Hi
After the Bitcoin Bullrun, we might see altcoins rise and reach their highest price In the year.
So as it's clearly visible in the chart, we have an inverse head and shoulders pattern on XRP., which I'm expecting to hit its target or maybe a bit lower on monthly Res.
Price got supported on 0.618 Fibonacci too.
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This Is How The Ripple (XRP) Gives Profit OpportunitiesHey friends, hope you are well and welcome to the new update on XRP.
In my previous post, I showed that the price action of XRP has formed a bullish butterfly and finally the priceline took bullish divergence from the potential reversal zone of Butterfly pattern and produced a more than 47% rally.
Previous idea:
On the weekly chart the price action of XRP formed a bearish BAT pattern and after the completion dropped upto 0.50 Fib level.
On the same weekly chart the priceline of Ripple has also formed an uptrend line. This uptrend line is working as a strong support for the candlesticks. This time the price action is again likely to bounce from this support.
The XRP has also formed an up channel on daily chart. And reached the support of this channel.
In Bitcoin market the priceline of XRP has also completed the bullish BAT pattern and entered in potential reversal zone.
Conclusion:
As the priceline is at the support of channel on daily chart and at the support of an uptrendline support on weekly chart. At the same time the price action has completed a harmonic bullish BAT move. Therefore we can expect a rally to the upside from here. But the PRZ level of this harmonic BAT should be used as potential reversal zone to minimize the risk factor.
XRPUSDTThe market has been on a mid-term uptrend since March and is currently experiencing a pullback to the trendline support. The price is testing the flip support + 0.618 fibonacci retracement level + trendline support. A bounce off the trendline support + Breakout above the pullback channel resistance will be a good bullish↗️ . A breakout below the trendline support will be bearish↘️
XRP/USDT: Hidden Bullish Divergence Analysis 4H (Aug. 08)X Force Global Analysis:
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In this post, we analyze XRP's hourly chart, assessing its probable bullish and bearish scenarios for the short term.
Analysis
- To begin with, XRP has been consolidating within a bullish pennant pattern
- Prices have been creating lower highs and higher lows
- While bears have attempted to break the structure, bulls have managed to secure significant trend line support
- There is a hidden bullish divergence in play, with higher lows on the price, and lower lows on the indicator
- The Relative Strength Index (RSI) is at neutral zones, showing potentiality for a breakout
- The Moving Average Convergence Divergence (MACD) has shown increasing bearish histograms, but seems to lack momentum for a golden cross formation
- The Stochastic Oscillator has recently formed a golden cross at neutral levels as well, but is looking to get negated as there is a lack of momentum in the trend.
- The Simple Moving Averages (SMAs) are all aligned in the order of: 20, 50, and 100 SMA
- Prices have tested the lower bollinger band support
- Prices have managed to bounce on the Ichimoku cloud support
- For XRP to retest its new lower high, it must first break and close above the 0.618 Fibonacci resistance, providing confirmation
What We Believe
We believe that XRP's short term technicals demonstrate potentiality for a small breakout, possibly leading to a formation of a new lower high. However, for for further continuation, XRP would have to break and close above the bullish pennant structure.
Let us know what you think in the comment section below
Trade Safe.
XRP/USD ready to 0.10$Hello Trader,
On this quick analyses for XRP charts, we can see that we are inside a long-term downtrend channel, and we failed to broke above the key level, so we can be heading up to test the support of this channel, but for now the primal trend still bearish, so be careful with long positions.
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