XRP USD DAILY TECHNICALS (4/27/2021)Good morning- crypto ger here for another xrp update- today is Tuesday April 27, 2021.
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only.
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up 450% ytd
Over 100% on 3 & 6 month range and 37% on the month
The weekly technicals support long positions and are now more favourable than last week- performing well above almost all moving averages-indicating a strong buy position. the oscillators are mostly neutral with a couple of buy indicators. Rsi values are in the high 60s (compared to low 70s last week) & cci is now 163 compared to over 200 last week- these indicators on their own are both neatural compared to sell last week. The bull bear power index is now a 0.6 compared to 1.1 which is still neutral and lastly the macd is still reporting a 0.21 which is a buy. Weekly technicals are a buy.
For the day ahead I expect to see a trading range below 1.44- a 4 hr close above 1.44 makes me extremely bullish in the very short term.
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Xrpus
$XRP in a nutshell - Last distribution?Hello XRP community! Hope you enjoying the XRP ride so far.
$XRP is in its third accumulation phase, preparing for a new impulse wave to break above the 2$.
Some XRP hodlers have sold their positions between 1.8 and 1.9 due to decreasing volume. But overall XRP is still bullish! After a correction down to 1.56 we might see another +20% move very soon.
PS1: SEC lawsuit might ruin this whole thing
PS2: XRP relist will take us to the moon
XRPUSD, Continuation Likely With These Assessments Validating!Hi my friends,
Welcome to this analysis about XRPUSD, we are looking at the hourly timeframe perspective. Since XRPUSD has established these strong volatile bearish downside movements it is now trading in a new decisive formation that will point to a continuation when it completes within the schedule, therefore I detected all the important levels and likely outcomes we should consider here.
As when looking at my chart we can watch there XRPUSD is forming this ascending-channel-formation marked in my chart in orange with the black-boundaries, besides that XRPUSD has this wave-count that almost already completed with the waves A-E and recently pulled back within the strong resistance still lying there mainly determined by the descending-resistance-line marked in my chart in red. When XRPUSD now follows up with further bearishness and finally moves below the lower boundary of the formation as it is seen in my chart such price-action will confirm the ascending-channel as a bear-flag and will activate further bearish pressure ahead pointing to lower levels. The only thing that can invalidate this bearish scenario is when XRPUSD manages to stay within the channel and stabilize above it to finally move above the strong resistance, however, this is currently not the most likely perspective as the bearish one has a greater possibility.
The next times will show how XRPUSD moves on to finalize this formation and point to the further conclusions developing under the suggested circumstances, in any case, we should not underestimate the bearish perspective here as it is still omnipresent and XRPUSD did not yet show solid reversal signs, this can possibly happen when XRPUSD completes the flag-formation and tests lower levels for a potential stabilization.
In this manner, thank you for watching the analysis, have a good start into the New Year 2021, many thanks for all people supporting, all the best!
"Prospect is the ingredient of good fortune."
Information provided is only educational and should not be used to take action in the markets.
How XRPUSD Can Form The Decisive Reversal In The Structure!Hi my friends,
Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspective. As XRPUSD has shown up with this increased exaggerated bearishness to the downside it moved into oversold regions and also testing important support layers on the more global perspectives as I discovered, now XRPUSD is forming an interesting formation also in the 4-hour timeframe perspective, therefore I detected all the important levels and likely outcomes.
As when looking at my chart we can watch there XRPUSD now is forming this major descending-triangle-formation marked in my chart in blue. Besides that XRPUSD has established the coherent wave-count within the formation with the waves A to D already completed and now setting up to form the wave E to the downside that will finalize this whole wave-count and also move into the lower back-up-cluster marked in my chart in blue that is likely to be the origin of a great breakout when XRPUSD manages to bounce properly within this zone, in this case when XRPUSD shows up with a decisive bounce from there that emerges above the upper-boundary it will point to the right setup as it is marked in my chart, there is also the 25-EMA in green and the 15-EMA in red, when XRPUSD moves above them it will also validate the breakout and completion of the formation with activation of upside targets.
The last times XRPUSD has shown up with heavy bearish downside price-action however it is not seldom seen that the market can recover after such movements established, this can happen when XRPUSD completes this possible reversal-formation and then shows up with the further conclusions, a testing of the 0.45 level anew can be a realistic outlook when the formation has completed from where the market needs to be elevated anew.
In this manner, thank you for watching the analysis, have a great Christmas and upcoming Happy New Year's Eve, many thanks for all people supporting this year, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Quick look at XRPUSD on FridayHi all,
Looking at XRP it made good progress indeed, but it suffered one more rejection at $0.20, so the zone above it remains our next target up. Good news is that the coin managed to surpass the downtrend line that was started at the beginning of the month and it could easily turn into support followed by the short-term EMAs.
The 24-h trading volumes increased by 27 percent since yesterday afternoon and reached $2.3 billion.
Nothing interesting on the 1-h chart where we are in a sideways consolidation for the last 24 hours, which might result in a bullish rectangle formation.
Cheers,
XRP Ripple H&S versus Bearish wedgeI usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market.
On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room left. The USD' pair is also still moving inside the 0.36 and 0.4 range. A break of this range will probably give us the answer to which pattern will play out and possibly even where the entire market is headed to.
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