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Anticipating a breakoutXRPUSD has formed a pattern resembling a symmetrical triangle over the past few weeks, and as the price slowly approaches the apex of this formation, it presents an interesting trade setup with two alternative scenarios. The first scenario involves taking a long position after a breakout above the triangle’s upper bound. The second scenario involves entering a short position after the triangle’s lower bound is penetrated to the downside; particular bounds will serve as stop-loss levels in the case of price retracement. Technical conditions Daily time frame = Neutral Weekly time frame = Neutral Monthly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSD
by Tradersweekly
2
BTCPERP|Are you ready to see PUMP?!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, I want to share some thoughts on the bitcoin futures chart! This week we have released a lot of reports from the Fed and we have seen quite a strong volatility in the market. We tested the important range of 18.500-18.200$, collected all the liquidity from below, and then saw the removal to the side of 20.000$, collected all the liquidity and rolled up 19.500-19.850$ Now we are again in the range of $19,000, a fairly strong level at which we stood all week, where the market maker will distribute it is still not entirely clear... If you think from the local side, then it is most logical to go above $20.500 ($20.800-21.200) because it is from there that most market players hold their short positions, and you need to harvest and then go down below $18.000 I also don’t deny that we can go back to $18.200, plant again the majority in short and see a strong takeaway in the direction of $20.500, this has already happened several times, will history repeat itself again?
BINANCE:BTCUSD.PLong
by DanilBlinkov
1
XRPUSDSpeculative price range for XRP/USD is 0.85000 to 1.42000. Ripple has not been able to create a violent trend upwards and maintain it the past two months. While other major cryptocurrencies are challenging highs, XRP/USD has maintained a rather middling area within its 3-month charts. If current support near the 1.05000 level falters and trading were to drop below the 1.00000 and become sustained this would be a bearish signal. Ripple does tend to correlate to the major cryptocurrency market with reactive moves. If the broad market were to become suddenly nervous and XRP/USD is pressured, it is conceivable a test of the 90 cents mark which was challenged in late September could unfold again. However, if XRP/USD maintains the 1.10000 support level and buying remains strong, speculators may continue to target the 1.18000 to 1.20000 marks. If Ripple can maintain its current upwards mobility and the broad cryptocurrency market stays positive, there is plenty of reason to suspect the 1.22000 high of October could be surpassed in November. Sustaining values above the 1.20000 for a solid duration of time could be a bullish indicator for XRP/USD. Traders should not get overly ambitious with Ripple. Yes, it can produce solid percentage changes in value, but its price range has also demonstrated a rather comfortable stance. Traders pursuing upside or downside momentum within XRP/USD should use take profit and stop loss orders which do not reach for the moon, particularly if a large amount of leverage is being used. Ripple remains an important cryptocurrency, but one that trades in a rather sedate manner compared to some of its other more speculative counterparts.
BYBIT:XRPUSD.P
by SmoothJB