XRP - Intends to break resistance.
The chart has approached the resistance zone, in this case we see the weakness of the buyer, it is possible to reduce the price to the nearest support zone for further resumption of buying.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Xrpusdshort
Ripple - the situation on the chart speaks for itself.If you like the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
XRP Sell a break of recent low. XRP - Intraday - We look to Sell a break of 0.4519 (stop at 0.4681)
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 0.4531 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 0.4111 and 0.4011
Resistance: 0.4800 / 0.5000 / 0.5300
Support: 0.4500 / 0.4300 / 0.4100
XRP in Bearish divergence.XRP - Intraday - We look to Sell a break of 0.3974 (stop at 0.4081)
We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A break of the recent low at 0.3980 should result in a further move lower.
A higher correction is expected.
Trend line support is located at 0.4010.
Our profit targets will be 0.3711 and 0.3631
Resistance: 0.4100 / 0.4200 / 0.4400
Support: 0.4000 / 0.3900 / 0.3800
Jamie Gun2head Trade - Selling XRPUSDTrade Idea: Selling XRP
Reasoning: Bearish looking candle at decent resistance level
Entry Level: 0.3321
Take Profit Level: 0.3225
Stop Loss: 0.3364
Risk/Reward: 2.23:1
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XRPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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XRP: Still bearish!XRP
Intraday - We look to Sell at 0.3459 (stop at 0.3521)
Daily signals are bearish. Our short term bias remains negative. The trend of higher highs is located at 0.3460. We look for a temporary move higher.
Our profit targets will be 0.3301 and 0.3261
Resistance: 0.3400 / 0.3450 / 0.3500
Support: 0.3300 / 0.3240 / 0.3200
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XRPUSD Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;)
Today, we're looking at a possible long-term bearish drop. This trade idea is derived from this time frame only. The monthly is in a process of fully confirming it with a bearish reversal candle pattern formation. Having one time frame confirming a long-term signal, gives me an A- signal; if both the monthly and weekly confirmed the signal, that gives me an A+ signal. In this situation, the weekly is the only time frame. And that makes this trade idea a high risk one. With that said, let us take a look at how this trade triggered and how it will be dis-confirmed.
Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline 2 and 8 m.a, that will dis-confirm the trade but it will trigger a medium-term buy signal that will lead to a rally to the monthly bullish key level targets that were previously bearish broken and not retested during the huge crash. I posted the trade idea of that signal last week when the price broke and closed in between the short-term m.a's (they play a huge role in confirming a signal).
Bears: -The price bounced off the Mini Weekly Neckline 2 with a bearish reversal candle pattern that led to a bearish break and retest of the 8 m.a, and that triggered the sell trade that will probably lead to a drop for the double tops L3. I call this type of trade signal a "Double Top C-E.1 signal".
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
XRP Sell a break setup.XRP - Intraday - We look to Sell a break of 0.3588 (stop at 0.3666)
Short term momentum is bearish.
Daily signals are bearish.
A break of the recent low at 0.3590 should result in a further move lower.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 0.3401 and 0.3351
Resistance: 0.3700 / 0.3800 / 0.3900
Support: 0.3600 / 0.3500 / 0.3400
XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.