2017 price correction VS 2021 price correction Are we still on track or is it all doom and gloom for XRP? Buying them dips - 2 XRP for $1 sounds all right to me... Most people here from 2017 are still 100-200% up / all the noob retail investors from 2021 have been burnt for getting in at $1.60+ - is this a SHAKEOUT or is it going lower? Time will tell.
We can all see that BTC is holding support and the narrative/regulation "GREEN/CARBON NEUTRAL" story line / agenda is coming into play. Who wins there? RIPPLE - carbon neutral and working with regulators past 8 years... HOLD TIGHT, its been a bumpy ride but we will get there!
XRPBTC
XRP BULLISH LONG!! PERFECT RETEST OFF BREAKOUT!! BOTTOMS INBE GREEDY WHEN OTHERS ARE FEARFUL! THIS IS WHAT I SEE FOR XRP IN THE COMING DAYS. NOT FINANCIAL ADVISE. This is what I see happening for the next few days. I didn’t think we would drop this low but now we see a clearer picture of what’s going on. Not financial advise. Let’s go.
XRP/BTC Pair Back testing the 200 Day SMA Following Golden CrossEven with all the blood in crypto markets currently, most major alts look healthy against the BTC pair.
Altcoin dominance is still steadily climbing, and the secondary trend of the crypto market seems to be showing us alts are still the play.
Last time XRP had a golden cross that held support in 2017, we saw XRP follow up with 2600% returns on the BTC pair.
This time around, if we can achieve a similar satoshi price we could see another 1200% gain in XRP against BTC.
It will be crucial for XRP to hold the 200 Day as support, so the next few days will be important to watch.
The only outliers we have of this not playing out is XRP breakout in December of 2020 followed by the bearish SEC news, and the failed golden cross in September of 2016.
Other than that, history might not be repeating identically, but it definitely rhymes!
Stay tuned!
- CA$HLESS
Ripple (XRP) - June 21Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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The most important thing in the current situation is the movement of the BTC price.
Therefore, checking the BTC price movement should be prioritized over investing in altcoins at the moment.
Short-term trading is possible in any market situation, but if you are unfamiliar with trading, it is likely to lead to large losses, so it is advisable to pause and observe the situation.
Even those who invest in BTC, the price may move in an undesirable direction due to the whipsaw caused by the decrease in trading volume, so the management of the Stop Loss point is important.
We recommend that you proceed with the trade after seeing the volume increase.
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(XRPUSD 1W Chart)
The 0.71097-0.88410 section is an important section, and if it is supported and rises in this section, it is expected that the uptrend will continue.
If it declines from the 0.51383 point, it may take a long time to rise as it enters the mid- to long-term investment zone.
Accordingly, careful trading is required.
(1D chart)
If the price can hold in the 0.70391-0.98663 range, we expect it to stock up on power to turn into an uptrend.
The 0.56254-0.70391 section is the section that determines the direction, and if it falls in this section, it can lead to a big drop, so you need to think about how to respond.
However, you need to trade cautiously as it can touch the downtrend line and rise.
We need to see if we can move above the 0.88410 point along the uptrend line.
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(XRPBTC 1W chart)
We have to wait and see if we can get out of the 653 Satoshi-4264 Satoshi section
In particular, it remains to be seen if the price can sustain above the 2413 Satoshi point.
In order to create a new wave, the price must rise above the 4264 Satoshi point to hold the price.
(1D chart)
It remains to be seen if we can climb to the 2187 Satoshi-2368 Satoshi section.
If it declines as it is, it can touch below the 1823 Satoshi point, so Stop Loss is required to preserve profit and loss.
However, you need to trade cautiously as it can touch the downtrend line and rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy for profit
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
XRP - DowntrendXRP is also in a downtrend just like any other coin.
I'd say this correction season can last one more month. (Actually it's known, it's not just my idea)
Anyways, I'm not saying anything about short-term trades, but if you're one of those fellas who wants to buy and hold, then now is definitely not a good time. Wait for this downtrend to collapse first.
Current Market Price: $0.7361
Good Luck
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XRP Still Fighting to Hold Crucial Support!!!It looks as though $0.784 has been the last line of defense for XRP.
As long as we keep closing above this support line, XRP is in good condition.
Any bullish move from this point on should take us back up to the $1.04 resistance fairly quick.
If we can clear $1.04 and hold as support, XRP should be continuing its next bull move and a retest of previous local top near $1.98.
- CA$HLESS
XRPUSDT Ripple - Descending Triangle-We have 3 touches at the bottom and 2 touches at the top of the triangle.
-Descending patterns are usually bearish signs, but there is a chance to interpret this patttern as a descending wedge, which is bullish.
- Volume is decreasing, which leads to explosive moves in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
-Keep this triangle in mind if you are in a long position.
-Also check my idea about XRP - Road to 100 USD below.