XRPUSD testing resistance, potential big drop coming!Price is approaching our first resistance (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Xrp-usd
XRPUSD approaching resistance, potential big drop coming!Price is approaching our first resistance (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD reversed off resistance, potential for further drop! Price is approaching our first resistance (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal swing low support, 100% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce to our resistance (horizontal pullback resistance, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential reversal! XRPUSD is approaching our first resistance (horizontal overlap resistance, 50%, 78.6% Fibonacci retracement) where a strong drop to our support level (horizontal swing low support, 50% Fibonacci retracement) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci retracement) where we might see a corresponding bounce in price to our first resistance (horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD reversed off resistance, potential for further drop!XRPUSD reversed off our first resistance at 0.3203 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support level. Stochastic has also reversed below resistance as well where we might see a further drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD facing bearish pressure from first resistance, potential XRPUSD is approaching our first resistance at 0.3203 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3036 (61.8% Fibonacci extension). Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRP/USD Short Trade *GO AGAINST THE SHEEP, FIBONACCI NOT DONE*Here is my analysis on the XRP vs USD price chart. You will see a lot of people talking about the ever expanding "wedge" breakouts that are showing bullish signals but in my opinion there is more downside to come before any new highs will be made.
As it stands, my final target for XRP short positions is $0.21 per coin . This is the weekly Fib -0.27 extension level from the previous weekly fib cycle with the first high made at $0.57 and lower high at the fib 0,618 level at $0.4666.
I am looking for price to pull back to the current 4hr bearish trendline that I have marked on the chart with a new lower high to be made at the $0.3250 zone. This coincides with the 4hr Fib 0.618 retracement level and TL crossover.
Stop losses placed comfortably above the 0.786 level gives a R:R of over 5:1 with greater returns achievable as price makes its way to the weekly level and final target of $0.21
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.30000 to 0.26000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.30000)
Ending of entry zone (0.26000)
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 the 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= @ 0.35520
TP2= @ 0.38230
TP3= @ 0.42415
TP4= @ 0.46990
TP5= @ 0.57000
TP6= @ 0.70580
TP7= @ 0.79100
TP8= @ 0.96780
TP9= @ 1.41240
TP10= @ 1.61350
TP11= Free
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.