XRPUSD PROJECTIONA head and shoulder is in full effect on the 4 hour time frame. We have a mini trendline, if we break (which is very likely) we will see if fall towards 0.66 (our 78.6 fib level). This move would have liquidated the buyers at 0.70. If we see price action reject the 0.66 level, XRP would have produced a higher low. Therefore, from that level I will be long; once we see a candlestick formation/ rejection.
My target (should my analysis be correct) will be sitting around 0.90 level.
I hope this makes sense, please comment below and like.
Enjoy.
Xrpusdlong
XRP may give a 1700% rally, IF this happens!So here is the monthly chart for XRP as you can see.
1) XRP is currently sitting at the rising trend line support while the top line is flat making it an ascending triangle and we all know that ascending triangles are bullish pattern.
2) We have a hidden bullish divergence as I have highlighted in the chart, which yet has to confirm. A close above the blue line will confirm the divergence on the monthly chart. Last time when Monthly hidden bullish divergence got confirmed we had a 1700% rally.
3) And the last reason is that it is a very manageable trade meaning that a monthly close below the rising trend line can get you out of the trade with minimum of losses.
NOTE: Anything can happen in the market shifts! Please do your own research since this is not a financial advice. It is just an educational idea! TRADE SAFE!
Documenting XRP XRP is approaching its third reversal on the XRPBTC pair
This third reversal is looks more 'moderate' than the past two, I am not sure the implications of this, perhaps a more prolonged bull run for the coin
This can be seen on the USD pair as price has been rising a little bit, compared to previous runs which were more sharp increases
I look forward to see how high this will go, once the BTC pair completely reverses
History Reapeats Iself Right?In that case, we will see xrp start to go up by the year 2023
I know we all want Xrp to go up now, but I think we first have to win the Sec Lawsuit, word on the street is that it will only settle in the mid of 2022, if that will be the case this chart could play out exactly the same as in 2017, with a bullish target of 7 USD
It is impossible tho so successfully align the 2017 chart with today's chart, so we can only guess, overall the target should be up so good luck trading
XRP to Break Higher?Ripple - Intraday - We look to Buy a break of 0.916 (stop at 0.893)
Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 0.979 and 0.999
Resistance: 0.900 / 0.915 / 0.935
Support: 0.870 / 0.850 / 0.815