XRP BREAKOUT WILL BEGIN IN OCTOBER 2023XRP will breakout of the descending wedge pattern it has been trapped in since Dec 2017 on or near October 23rd 2023. A false breakout will occur first on or near Aug 28th, which will fail at around .65 cents. It will then drop back into the descending wedge pattern bottoming around .50 before the final breakout occurs on or near Oct 23rd.
XRP will go on to set a new all time high before Christmas, and will most likely break the double digit level for the first time ever.
It will be a very Merry Christmas indeed! Remember I told you so...
XRPUSDC
The charts in XRP has changed, it's going down to...The charts in XRP have made some drastic changes in the past few weeks. However, for long term hodler's this will be another great buying opportunity, and for swing traders this will be the icing on the cake if you appropriate your trades correctly.
I think we are about to see XRP drop back down to a low of .3735.
Don't put all your eggs in one basket!
TRADE ALERT - LONG XRPTraders,
We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17.
Take a look at the RSI. Notice the RED TL. You could have traded XRP on this indicator alone and made massive profits. And for the most part, my followers and I have entered at those touch locations with a few exceptions.
Anyway, today is your lucky day. Why? Because we are just about to hit that RED TL on the RSI once again. I'm a bit early in my entry just b/c I has my buy set at .585 and it was triggered. But ideally, I would have hoped the touch of the red TL would coincide with a price of .58 cents. I think over the next day or two you all will see that happen. AND. You just might be able to enter at a better price than I have.
Best of luck to you all!
Stew
Areas to accumulate XRP.If the price of XRP goes up then this talking point is moot. However, if XRP continues to consolidate then any buys below the RED LINE and above the GREEN LINE are a good buy. Any buys below the GREEN LINE and above the YELLOW line are a great buy. And any buys below the YELLOW LINE are a fantastic buy!
Don't put all your eggs in one basket, and don't fill the basket in one trip!
XRP/USD Secondary trend. Channel.Secondary trend. Logarithmic chart. Time frame 3 days. Descending channel. Reversal zone.
Coinmarketcap: XRP
The same parameters, but on a line graph. Slightly shifted the graph for a better understanding of the zone.
The price clamp zone is 16.13% on a large scale on the 1 day time frame.
This is what this 13.16% looks like on a line chart.
Below is an idea of a larger time frame to understand where the price is.
The whole main trend . Timeframe 1 month.
XRP/USD Main trend
Main trend (part) . Timeframe 1 week. Triangle zone.
XRP/USD Main trend (part) Triangle
Trade Alert - Long XRPTraders,
You know I have waited patiently for this one. For three weeks plus, I have set my entry area at .42 and I have remained disciplined, staying out of the trade until entry target was reached. Today that was achieved. In fact, I even got a better deal with an entry at our 200 day ma. Target depends but I am shooting for those levels above and may hold a bit to .58 cents again. Stop out will be around .37 cents, again pending price action. We’re batting 100% so far on XRP. Let’s keep it going and make it 7/7 wins!
Best,
Stew
XRP tagged my .585 cents level exactly! Now what?Traders,
Ripple ripping!
Sooner than expected but the price actually wicked up and tagged my 58.5 cents precisely! It always amazes me every time when these technicals play out. I just wish I could be better with the timing.
Anywho, now that the price has met the earlier target that I had call for, what can we expect from ripple?
TBH, I am not quite sure. I'd love to see us come back down and tag either that 50 day ma or, preferably, the 200. But we have a lot of support now on the underside of price. At this point, unless BTC leads the way with a more pronounced drawback, I don't know if we'll get there. If we do, you can be sure I'll be re-entering trades at that point.
As always, stay tuned.
Stew
Trade Alert - Take ProfitTraders,
We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I would like to see us go back and retest the upper side of that triangle that we recently broke out of.
Stew
P.S. - Ignore that re-entry area. Forgot to take it off of my chart. That has already been taken advantage of and I now anticipate we may drop below it.
TRADE ALERT - Take ProfitTraders,
7 wins in a row. Over half with XRP thus far. Gotta stay disciplined and keep to our plan on this. As you know we bought at .36. Sold at .42 and .49. Re-entered at .44 and .42. And now selling half here at .49. Congrats for those who have followed me in these latest trades. Stay tuned. More to come.
Stew
XRP could turn Sunday into 'Funday!' XRP is crossing out of the overbought area on the Stochastic set at 60. It has previously made decent short-term gains after breaking out of that area, although the biggest parts of the moves have been after it crosses the white trend lines marked within the Stochastic indicator. Good luck HODLers!
The 'Star-pattern' successfully predicts another breakout in XRPAfter I successfully predicted the first breakout on March 19th which occurred a few days later (see link below), and having just predicted this breakout we're now seeing shortly before it occurred, XRP is now flagging nicely on the 15 and 30 min charts. This is what I call the 'Falling-Star-Pattern,' and it's performed well for me over the years.
Compare this chart to the one in the link below to see what I'm talking about in regards to that pattern. Get to know it, you won't regret it!
XRP is already back down into a good re-entry area!Traders,
If you followed me on this trade, you'll know we entered around 36 cents, sold some at around 42 cents and the final 50% was unloaded at 49 cents for some great profit. I was now looking for re-entry at or around 42-44 cents. We have now already reached our re-entry area. The only event holding me back and causing me some hesitancy is this FED decision at 2 pm EST (1800 GMT). I may dip my toes in the water a bit before then but will not do anything heavy until after the FED announcement today. Mainly, I just wanted to keep you all in the loop here on XRP.
Happy Trades!
Stew