XRP/USD - BEARISH Trend startedXRP tried to break the ascending triangle that was within the range but failed.
After that, the market did not find support on the bullish trend line and broke it, with confirmation that the range had resumed.
But with continued downtrend and confirmation of price decline and breakout of range support, we can expect a downtrend until strong support is reached.
Price targets:
Target 1: 0.40
Target 2: 0.36
Xrpidea
XRP - The completion of 2nd wave in the range of 0.170The 2 / B wave has ended in the range of 0.1140 and the price was able to reach the range of 0.7900 with 5 ascending waves. Under the influence of market news for this currency, the price pushed down to the range of 0.1700. (Completed the 2nd Wave)
Currently, by having the price hitting the channel line, there is a scenario that wave 2 is over and wave 3 has been started. I am personally waiting for the targets of $ 8 to $ 13 for this currency in the 2021 year.
For this currency the first buy target range again is on 0.3468 price level, the aforementioned range have been concluded according to the Price Action rules, and also, the second buy area will be set after the end of the first 5 uptrend waves.
( 10Days Chart )
CRYPTO XRP - Weekly Daily TimeframeMy Big/ Longterm timeframe for this cryptocurrency trading idea. I am looking for it to touch the base since it has not being reach yet until today. For longterm player, you might okay continue holding it until it read to the top supply.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
XRP STRUGGLING TO BREAK RESISTANCE (on H4)On the H4 chart XRP is showing a struggle to break the previous resistance, the only way I can see a breakout is of-course if BTC makes a huge move. In the mean time I see a short sell to a highlighted area where the arrow is pointed.
What are your thoughts?