XRPUSD LongXRP is on a strong level of support that it loves to bounce off of as we've seen these last few months. As it reached this level again we can see it again create rejection off of this support, pair that with our lower timeframe breaks and higher timeframe respecting of the support and we have a very nice recipe for a few hundred pips upward. Much love to all!!
Xrp-usd
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis:
. Ripple/USDollar 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 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.28900 to 0.20200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.28900)
Ending of entry zone (0.20200)
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= @ 0.46990
TP2= @ 0.56400
TP3= @ 0.70580
TP4= @ 0.79100
TP5= @ 0.96780
TP6= @ 1.41240
TP7= @ 1.77360
TP8= @ 2.13480
TP9= @ 2.64860
TP10= @ 3.30310
TP11= Free
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3439 (horizontal overlap resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2880 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our resistance 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 approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3261 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2859 (horizontal swing low support).
RSI (21) is also approaching our resistance 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.
XRP/USDAfter five attempts at a break of the 0.31750 area, downside pressure has eventually prevailed and forced us to continue bearish momentum. Price has been trapped in a 1 cent zone for the past 8 days with four attempts at a bullish breakout and four at a bearish. This is shown in the H1 chart below.
I gained confirmation of this trade setup by going back in time to the 14th January where I found a similar wave-type pattern emerging. Four touches on the upside at the $0.33800 level and four on the downside at the $0.32800 level. Another 1 cent range zone. On the fifth attempt at a downside push, price was able to breach support and move further bearish. This previous trend helped me in my analysis with the present day. Again, the fifth attempt at a downside push was successful and bearish movement commenced.
Entry was at 0.31498, a 26.1 pip stop loss and a 105.2 pip take profit gives a great 4.03/1 Risk Reward. A high risk on this trade with a tight stop loss. As it was a break of the range zone I felt as though price had the potential to fall lower fast.
Just watched a huge H1 bearish candle spike. This represents the true volatility of the crypto market. Wish me luck!
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3260 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.3167 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) 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 resistance, potential drop!XRPUSD is approaching our first resistance at 0.3260 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.3167 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) 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 its support at 0.3195 (61.8% fibonacci extension , 78.6% fibonacci retracement , horizontal overlap support) where a potential bounce might occur pushing price up to our major resistance at 0.3905 (horizontal swing high resistance, 50% fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRP "Short" Going Back To Retest Longterm - My First PostDear friend,
Welcome to Bta's analysis of the day.
After seeing how XRP is going and i've been winning a lot of my trades, I would like to show some insights of where XRP may be going.
On the first insight I predicted
imgur.com
First off XRP is showing a strong resistance line around 0.3417. Breaking the trendline and going back to retest the resistance line shown in the picture. I truly believe it will go back to 0.323-0.326 for the day to retest our long term trendline. I have resistance zones, so you can put a stoplost above there to ensure less risk.
Looking at the 1H Chart it has been closing under the 100 EMA, so there will be heavy resistance there. The buy volume is slowly decreasing showing that the bulls aren't as strong.
I have already plotted two zones one resistance zone at 0.33800 and my support level will be around 0.326
In the short term "praying" at the end of the day we will be going back to retest 0.326 and then hopefully have a bounce from there.
If you want to learn more on how I get in-depth you can follow my youtube channel at: www.youtube.com
Starting next week I will be posting my trades and psychology of whats making the price go down I will explain why Bitcoin will be going down to 1200.
You can also follow me on instagram - @thecryptocurrencyspot
Or if you want more details, you may go to short webclass on how I made a 7-figure crypto business from scratch: thecryptocurrencyspot.com
XRPUSD bounced off support, potential for a further rise!XRPUSD bounced off its support at 0.3195 (61.8% fibonacci extension, 78.6% fibonacci retracement, horizontal overlap support) where a potential further rise might occur pushing price up to our major resistance at 0.3905 (horizontal swing high resistance, 50% fibonacci retracement ).
Stochastic (89, 5, 3) is bounced off its support where we might see a further rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BTCUSD approaching support, potential bounce!BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (34, 5, 3) is approaching support where we might see a potential 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 bounced off support, potential for further rise!XRPUSD bounced off its support at 0.3424 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a potential bounce might occur pushing price up to our major resistance at 0.4044 (horizontal swing high resistance, 50% fibonacci retracement ).
Stochastic (89, 5, 3) is bounced off its support where we might see a further 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 approaching support, potential bounce!XRPUSD approaching support at 0.3424 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a potential bounce might occur pushing price up to our major resistance at 0.4115 (horizontal swing high resistance, 61.8% fibonacci retracement ).
Stochastic (89, 5, 3) is approaching our support where we might see a 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 bounced off support, potential for a further rise!XRPUSD bounced off support at 0.3424 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a further rise might occur pushing price up to our major resistance at 0.4115 (horizontal swing high resistance, 61.8% fibonacci retracement ).
Stochastic (34, 5, 3) bounced off our support where we might see a further 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 approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.4619 (horizontal overlap resistance, 61.8% fibonacci extension, 50%, 38.2% fibonacci retarcement) and we might see a strong drop in price below this level to our major support at 0.3744 (horizontal swing low support, 100% fibonacci extension, 50% fibonacci retracement).
Stochastic (21,5,3) is also approaching our resistance and 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 resistance, potential reversalXRPUSD is approaching our first resistance at 0.4158 (61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.3524 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.