XRP/USD (D1) - Technical Analysis IdeaCurrently we can see a lot of infos on social media saying that the current market price are now going to the moon based on the recent news regarding the SEC vs Ripple but.... based on supply and demand tech analysis, it really doesn't look like the price is "comfortablely lifting off".
Yes, anything can happen but we really need to see candles like Apr 20th 2021 that really have that strong momentum (when all the P.O are filled) and price just when up without any sign of compression or long wick rejections from the supply zones.
It MIGHT reject at the D1 supply zone (ref to current price on chart-just above it, there is supply zone).
Btw, pls ref to AT LEAST Daily time frame if we really need to analyse whether price will go to the moon or not. DO NOT look at H1 or (even worst) 15min time frame and said, "look, bullish candlestick! it's going to the moon! 4digits XRP percoin, Hooray!!!" ~~~Pls..., don't do that. I've seen this a lot since last year. U really make your self look stupid on social media.
*** Disclaimer: not financial advice. For entertainment and educational purposes only.
Xrpusdidea
XRPUSD BEARS BACK IN ACTIONLast year August, Down to November and January this year, i bagged XRPUSD using a swing trading strategy, i am not a moon fan, so i did not get in on the Bull run rather i was waiting for entry to retest my sell zone and here we are 2 months later, price seem ready for action and bears are about to take over... ignore social media noise if you trust my analysis and bag with proper risk management..
I wish everyone a successful month ahead, this trade could last for weeks, so bag without FOMO. stay STUCKINPROFIT
XRP/USD LONG SET UP (HODL)(UPDATE)XRP LONG SET UP
Support: $0.83500/$0.80500/$0.78500/ $0.7460/ $0.72500/ $0.68500/ $0.64500-$0.62500
Resistance: $0.8500/ $0.88500/ $0.92500/ $1.0300/ $1.14500/ $1.29500/ $1.48500/ $1.68500/$1.74500/
XRP price has momentum building for a bullish breakout
XRP price already looked ready for a breakout on Thursday, but the tail risk of Biden being in europe for several meetings around Ukraine weighed on bull’s appetite to perform. Instead, XRP price is continuing its consolidation with lower highs and higher lows as buyers and sellers are pushed towards each other. It is just a matter of time before a breakout happens, and expect that to be in theform of a rally as global markets, particularly the Nasdaq, are on a winning streak that should provide additional support to XRP.
Ripple price will face first $0.8791 on its breakout, a historic pivot level that goes back to the end of November.
It bears specific importance as on previous occasions, the candles have either broken through it quite clearly, or each time only the wick of the candle made it through,
but the actual body of the candle was unable to either close or open above or below it.
From there, the jump to make is not that far anymore towards $0.90, with the 200-day SMA just above at $0.9090.
MAJOR NEWS CAN CAUSE A PULLBACK
XRP/USD: 500%+ PROFIT WITH 10X LEVERAGE.Welcome folks to my new update on XRP. I am using 8 hours timeframe to analyze this coin.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
XRP is under a symmetrical triangle pattern and usually in this triangle pattern when the price action grows increasingly narrow, either up or down, the market breakout or breakdown heavily. The current price of XRP is at resistance and we can expect a small rejection followed by a big move. This is possible only if XRP breaks above the resistance level.
Here are the possible entry and exit levels on XRP:
Entry: Long between $0.72 to $0.76. (Note: We need a green confirmation candle above the resistance level in order to enter this trade).
Targets: $0.83, $0.9, $0.98, and $1.1
SL: $0.61
Remember: Do not FOMO. Enter this trade only after the confirmation. I am keeping a close eye on this one.
Let me know what you guys think about XRP's current price action.
I'll see you on my next update until then trade safely.
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Thank you.
XRPUSD -Daily chart prediction on Feb 2021XRPUSD on the daily chart. Previously predicted bearish movement hit aound $0.55 at the supply zone and bounce back up to around $0.9. Now price predicted to make another dip to hit another demand zone and make Lower Low (ref to chart). It based on Weekly candle that are now seems like rejecting market price at current supply zone (ref to weekly chart-you will see it clearly).
But, if price able to break the weekly supply zone, price might be able to create new higher high. Look at the large flag pattern on daily/week chart - price will go higher than that.
***Just for sharing opinion based on supply n demand strategies, not financial advice. ***