Xrpcommunity
#xrp WEEKLY 5/28/2021My idea has mostly to do with $BTC finding its bottom at this point in the cycle. thats where the real ALT season statrts, and $XRP enters the game.
this is the Poloniex chart so the 83% correction is a little more exaggerated. this is where i think we are at on the weekly time frame for XRP/USD chart. XRP tends to follow its rhythm, its cycle closely. this is why I expect a breakout shortly. even if we correct for the rest of the day(s). we will immediately explode out of it.
XRP - Cup & handle 4h ChartHello everyone!
I am starting to love so much this space. I am learning so much from everyone of you. Thank you!
Now, on my 4h chart I have just discovered how the little darling XRP has just formed a C&H pattern. From what I am understanding about the C&H trend it is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
By the look of it, this is just what it happens to the XRP chart right now.
The price range during consolidation time it: $1.440 USD to max $1.5 USED.
As for the trending volume is as low as it can be during the C$H pattern: at 4.068M.
Cheers for now!
CrypticYLY
XRP's Consolidation Game Who doesn't like a good game? I do love love watching some of the best at pay. XRP is no different and the competition is just started.
After braking free at 1.42 USD, XRP's consolidation will keep on pressing on our patience and nerves for a while.
By the looks of it, the consolidation mark between 1.5 USD and 1.65 USD it might need to reach a total of 516 bars in total.
That will give another good 24h on the same playground before will move a level up.
Cheers,
CrypticYLY
XRP is getting closer to breaking outNot long now.
It looks like XRP is going to break out the resistance level any time. I guess that the court hearing from 30th of April will have it's say in the bull run. Hopefully, we get to have a very wild bull this time around.
Let's pack our bags while we can!
Cheerio,
CryptoYLY
Lovely patterns in a 30 minutes Chart read of XRPI can only see the beauty of this chart through it's similar path starting with 21st of April 2021 to 30th of April 2021. If the present trend will continue to mirror the left side, then the present right side consolidation will end sometimes soon by the end of 28th of April 2021. That's a fabulous news indeed. XRP needs to get back in position and start the consolidation a a higher level.
XRP Consolidation phaseThis is my first observation on the XRP Kagi chart. I love how today's pattern is very similar with the 2017 -2018 trend. This it means that XRP's consolidation phase between the $1.3000 USD and $1.8000 USD is still to be build in the next few weeks during May 2021 and bit in Jun 2021. As long it doesn't fall from grace to break the support line at the $1.0100 USD mark, we are good to wait for the a big bull run.
XRP and April 6thI never call time frames, however with XRP I find it very interesting that we are coiling up to April 6th. What is this day you ask? Well, its a discovery hearing for the SEC on Ripples request for BTC and ETH documents. Ripple wants to know how and why the SEC determined Bitcoin and Ethereum as a non security, while in the same step treating them differently. I have a feeling the market will use something that is said in this hearing as a catalyst for XRP to begin running to the upside. Be on the lookout.
XRP Daily Triangle ConsolidationHi Everyone!
I have some more consolidation ideas here. The green arrow reflects a stable/increasing BTC price and XRP consolidating before a breakout. The red arrow is assuming BTC crashes to 38-40k in a local crash. At the end of that scenario we would find a bottom before XRP moves to the upside.