Xrp-usd
"XRP (Ripple) on an important Support Zone" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Channel.
- Price is currently on an important Support Zone.
- If price bounces from here, it has potential to move up towards the Descending Trendline first and, then, towards the Resistance Zone.
Daily Chart Explanation:
Weekly Chart Explanation:
Updates coming soon!
$XRPUSD Short-Term Bears
Weekly
The higher timeframe shows a continuation of the downtrend, stochastic RSI showing momentum also in favor of bears. $0.2700 was also tested last week and held. A look at our smaller timeframe will show us our intraday analysis.
Daily
Shifting over to the pattern timeframe we see the price has formed a lower high at $0.2840 and XRP is now looking to continue towards the downside. Short-term support found at $0.2740, stochastic RSI showing momentum in complete favor of bears with no signs fo slowing down as well. Reminder crypto is a very volatile market and you should only use the higher timeframe for confirmations.
4Hour
Finally looking at the trigger timeframe we see the price has found support for the (3rd) time at $0.2740, however no confirmation just yet. Stochastic RSI showing momentum is still in favor of the bears with no signs of reversal. Expecting the price to continue falling towards $0.2560 before making its next move towards the upside A close above $0.2760 could be our first indicator towards the upside.
XRP Update So as you can see, the retest of this 0.30 resistance line is made evident. The only thing standing between XRP and the moon is the 0.30, 0.35, and 0.37 resistance lines. With a strong enough pumo, I have no doubt that there will be a positive outcome. However, increase in price due to the swell seems a little offset.
XRP/USD long on the Week timeframe (BULL RUN PUSH)Xrp price is sitting in a comfortable support point that is known to pivot in upward direction, also this is the price zone for institutional order flow is located.
where the whales are buying up the supply
one it retraces to .50 and blows through resistance XRP is know to moon to .68 then .76 then .86 levels and from there nothing will stop it from making a bigger move then the last run
XRP making its slow growthNo bias has changed for me. I am just sitting pretty with XRP and enjoying the ideas that could play out.
Nice hourly impulse back up off .22 could give us a nice INV head n shoulder pattern. Overall price is just staying around .25 cents bulls have no interest unless we are back in the .40 zone
until then I see little happening with XRP until we get a rocket on the daily timeframe.
This entire industry has so much to go. If you aren't patient you will hurt yourself in your trading. I believe we will reap the fruits of our labor in the coming decade. As I like to say, the gold is just beyond 2030.
We are getting to new points of growth and those players want their little discount as well.
Do you see XRP slowly going down until ALL supply is in circulation? A theory that was brought to me was this. Price continues to go lower and lower until ALL supply is out..then WAMMY we grow grow grow with little bearish possibilities thereafter.
Thats what I am looking for..the day we are fully in circulation with supply! Times will be slow until then. So I feel....
Oh the name of the game!
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis:
. Ripple/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.28000to 0.24000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.28000)
Ending of entry zone (0.24000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.33000
TP2= @ 0.38000
TP3= @ 0.42415
TP4= @ 0.48000
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96000
TP9= @ 1.41000
TP10= Free
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis:
. Ripple/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.28000to 0.24000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.28000)
Ending of entry zone (0.24000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.33000
TP2= @ 0.38000
TP3= @ 0.42415
TP4= @ 0.48000
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96000
TP9= @ 1.41000
TP10= Free
GONE IN A RIPPLE- Cyclic repetition of last fractal
- Trend based fib target plot of 100
- Meanline holding trend, HH printed
- Buy zone in the current box
- Breakout price $2.80
- Bear trap before Mark-up phase
- Target as per fractal from previous price is 132,328.00% from current levels
- Fundamentals = Both snoop dogg and ashton kutcher endorse the xrp product
Enjoy, Basil