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XRP - is it going to break this trendline❓😲I don't know if you've noticed, but for some reason nobody is talking about XRP right now. But that's normal, it always has been and always will be. If you are new to trading, please don't buy assets that are already very much up and talked about everywhere. Buy when everyone is silent, when the asset is at the bottom, along with the big players. You can mark a trend line on the XRP chart, the price consolidates for a long time and approaches the trend line. This is a signal for a breakout and rise. There could be a good buying opportunity after a breakdown of the trend line. In case of false breakdown, close the position. And of course don't forget to subscribe to our tradingview and other platforms, leave the name of the coin you want us to analyse in the comments. 💚
Long
by AlexWhale
2
XRP/USD BULL RUN (INVERSE H&S PATTERN)Support: $1.10/ $1. 05 / $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500 Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00 What is Inverse Head And Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. KEY TAKEAWAYS An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline Ripple’s XRP would need to move back through the $1.1123 pivot to bring the first major resistance level at $1.1546 into play. Support would be needed, however, for Ripple’s XRP to break back through to $1.15 levels. In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1958. Failure to move back through the $1.1123 pivot would bring the first major support level at $1.0711 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels and the second major support level at $1.0288. The 38.2% FIB of $1.0659 should limit the downside
BITFINEX:XRPUSDLong
by MavRich_Trading
XRP/USD - Back into the pennant... is this a stablecoin? 🤣 Similar to ADA, Ripple also suffered a sharp drop from the descending triangle. Overall, XRP disappointed with a 2.6% decline over the past seven days. The support at $0.96 held, and the price bounced back into the blue pennant. This brings us back by a few days as XRP will again need to decide which way to go. A break above the pennant can take it quickly to $1.2, which acts as resistance. A break of the pennant can be expected early next week. If the overall market remains bullish, XRP has a good chance to try an escape and move higher. However, the daily timeframe indicators are not that encouraging, and XRP needs to move higher to change the bearish bias on the MACD. There is some hope since on lower timeframes, such as the 4-hour, the MACD did a bullish cross yesterday, but volume continues to disappoint. Volume can be interpreted as the quality of the price. The higher the volume, the higher the confidence in a particular price. Confidence in XRP price right now is rather low. Like and follow if you liked this idea!
Long
by DU09
XRP - is going to break this trend line 🚀🚀Many people have asked for an analysis of XRP. You can see two trend lines on the chart. One global and one local. The price is now squeezing near the local trend line. And it is likely that it will break it soon. Then the price will approach the next trendline, which is strong resistance. There could be a good buying opportunity after the breakdown of the trendline. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
8