Double Golden Cross + Bull flag/pennant formationvery obvious bull flag pennant formation with high-probability breakout to the upside, in conjunction with double golden cross. These are just a couple reasons to be bullish. However, if the next bullrun is anything like it's predecessor we should expect the price to retrace below the golden crosses to around 0.30 cents again. 2 more golden crosses may be required until XRP can truly rally with majorly bullish momentum.
Xrpusdshort
Golden Cross fails to Rally XRPGolden cross failed to build xrp momentum, so if this is anything like 2017’s golden cross bullrun we will need at least 2 more retractions/golden crosses to produce another bullrun.
in the mean time expect XRP to slide below 30 cents.
disclosure: im bullish on xrp long term but need to remain objective as a trader.
XRPUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop to our major support (horizontal swing low support) might occur. Stochastic is also approaching resistance where we might see a drop.
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XRPUSD approaching resistance, potential drop! Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop to our major support (horizontal swing low support) might occur. Stochastic is also approaching resistance where we might see a drop.
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Every monthly candle rally gets crushedEvery single rally, 5 times in a row since december 2017, has been crushed. How is this month any different? No regulations, no major banks are using xrp, still considerably low xrapid volume. I'm personally bullish on XRP but I'm also skeptical that xrp will perform well, especially in a global economy that seems to be suffering stagflation and potential recession concerns.
XRPUSD testing resistance, potential for reversal! Price is approaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support (61.8% Fibonacci retracement). Stochastic is also approaching resistance.
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Inverted xrp chart + Golden cross = very juicyInverting the xrp chart in conjunction with the impending 100 MVA crossing the 200 MVA (Golden Cross) looks extremely scrumptious. I think we're in for some unfathomable price movements to the upside but if we keep it conservative the 0.5 FIB retracement would land us in a $1.70-$2.00 range. This would also get XRP into a suitable btc/xrp ratio based on historical averages, considering the gains bitcoin and the rest of the market has had these past 3 months in comparison to the lack of gains XRP has had. We should already be above $1 based on the gains that the majority of the crypto market has had thus far, but of course XRP is extremely suppressed probably because institutions and enterprise payment solutions are trying to accumulate it on the cheap.
XRPUSD testing support, potential for further rise! Price is approaching our first support (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our resistance (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support.
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XRPUSD bounced off support, potential for further rise! Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where we might see a further rise to our major resistance (horizontal swing high resistance, 38.2%Fibonacci retracement, 100% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
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XRPUSD testing resistance, potential big drop coming!Price is approaching our first resistance (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential big drop coming!Price is approaching our first resistance (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD reversed off resistance, potential for further drop! Price is approaching our first resistance (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (horizontal swing low support, 100% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce to our resistance (horizontal pullback resistance, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching resistance, potential reversal! XRPUSD is approaching our first resistance (horizontal overlap resistance, 50%, 78.6% Fibonacci retracement) where a strong drop to our support level (horizontal swing low support, 50% Fibonacci retracement) might occur.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support (horizontal swing low support, 61.8% Fibonacci retracement) where we might see a corresponding bounce in price to our first resistance (horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD reversed off resistance, potential for further drop!XRPUSD reversed off our first resistance at 0.3203 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support level. Stochastic has also reversed below resistance as well where we might see a further drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
If you hold a Buy position Do not go into this review-XRPUSDAs you can see by looking at the graph above, the price of the Ripple fails to breach the resistance that is on the moving average line 200 and moreover, each time the price faces the linen, the price fall to the starting price at 0.2866.
Because the price is not far from the resistance our recommendation will be selling, As long as the price remains within the range 0.2866 and 0.3405 will be used the technique- Buy near support and sell close to resistance.
Sell Ripple (XRP/USD).
Entry price: 0.3270
Take profit: 0.2900
Stop loss: 0.3450
XRPUSD facing bearish pressure from first resistance, potential XRPUSD is approaching our first resistance at 0.3203 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3036 (61.8% Fibonacci extension). Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.