Xrp to the moon? 🚀Hello Traders , Hope you are having a wonderful weekend 🙌 .
Today I want to share my thoughts on XRP. As you can see, XRP is in the accumulation and price is moving in a triangle ( blue lines ) but to which
side? UP or DOWN ?
In my opinion, we are hearing some good news about ripple`s court and also exchanges are likely to relist XRP again so sounds like it is going to break the triangle upward and see a good bullish move from XRP. If this scenario happens, we are going to see 0.75$-0.80$ at least.
There are 2 strong resistance in front of XRP :
A ) 0.75$-0.80$ ( purple range ) is a strong resistance area + B) The long term yellow descending line ( around 0.70$ )
So overall, 0.70$-0.80$ area is the biggest resistance in front of XRP which in my opinion, by relisting XRP again in big exchanges, this resistance is going to
get powdered and God knows where is XRP going to? 🚀😎
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on XRP. ✌
Xrpusdsignal
XRP/USD LONG SET UPTitle: XRP/USD BUY LIMIT
Asset: Crypto
Symbol: XRP/USD
Type: market execution/Buy Limit
Time Frame: 1D
Entry Price 1: 0.55740(Active)
Entry Price 2: 0.50740 (PENDING)
Stop Loss: 0.45740(1000 pips)
Take Profit 1: $0.65740 (1000Pips)
Take Profit 2: $0.75740 (2000 Pips)
Take Profit 3: $0.85740 (3000Pips)
Take Profit 4: $0.95740 (4000 Pips)
Take Profit 5: $1.05740 (5000 Pips)
Status: 🏃🏽♂️Active🏃🏽♂️
---------You Can enter a partial entry now
**Support**
-$0.55780 (Major Support)
-$0.51280 (Major Support)
-$0.41280 (Major Support)
-$0.36460 (Major Support)
-$0.30250 (MajorSupport)
**Resistance**
- $0.51280 (Minor Resistance)
- $0.63780 (Major Resistance)
- $0.76000 (Major Resistance)
- $0.86280 (Major Resistance)
- $0.96280 (Major Resistance)
- $1.00280 (Major Resistance)
Bullish move next?Following the previous analysis, I am now posting an analysis for the short term view.
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!
XRP/USD LONG Set Up (HODL) Title: XRP/USD BUY LIMIT
Asset: Crypto
Symbol: XRP/USD
Type: market execution/Buy Limit
Time Frame: 1D
Entry Price 1: 0.41600(Active)
Entry Price 2: 0.40600 (PENDING)
Stop Loss: 0.38600(300 pips)
Take Profit 1: $0.44600 (300Pips)
Take Profit 2: $0.5740 (600 Pips)
Take Profit 3: $0.63740 (1200Pips)
Take Profit 4: $0.67740 (1600 Pips)
Take Profit 5: $0.71740 (2000 Pips)
Take Profit 6: $0.75740 (2400 Pips)
Status: 🏃🏽♂️Active🏃🏽♂️
---------You Can enter a partial entry now
**Support**
-$0.41280 (Major Support)
-$0.36460 (Major Support)
-$0.30250 (MajorSupport)
**Resistance**
- $0.51280 (Minor Resistance)
- $0.63780 (Major Resistance)
- $0.76000 (Major Resistance)
- $0.86280 (Major Resistance)
XRP about to go boomXRP is in very bullish territory...It has been consolidating around this region as I expect, It has found major support around the 0.54 region. XRP next target is the most recent highs but I expect a push higher into the second purple zone. This will be where real liquidation begins to take place! XRPBTC charts is about to find major support.
#XRP _ RESURRECTION _ orderI place a buy limit order for #XRP at
0.098
with only 1 % of my trading account.
And I won't remove it and I'm very willing to lose it regarding it's R:R ratio, in case of any unpredictable dumb
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XRP - 6h. Buyers are preparing for the test of $0.46-0.48 After the last sharp drop in the XRP market, the mood of investors has deteriorated significantly. Buyers were unable to keep the range of $0.44-0.46 we wrote about in the previous idea :
The price found support in the next range of $0.36-0.38 . So far, buyers have managed to slow down the decline and form consolidation with limit orders. However, for a new growth trend, buyers need to withstand a new blow in the range of $0.36-0.38, which is likely to happen.
Keeping the XRP price above this range will open the way for buyers to $0.44-0.46 . Above $ 0.46, buyers will have a chance to continue to confidently increase the price of XRP.
If we look at the chart of the XRPBTC pair, we see that the fall wave from February 1 corrected the previous wave of growth by 78.6% . Buyers carefully maintain this level. Therefore, the chances of XRP resurrection are still there.
Losing the range of $0.36-0.38 will quickly lower the price of XRP to $0.31.
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XRPUSD move lower to 0.31 then boomHi all,
Please take time in reading my analysis. This is what I BELIEVE the market will play out with, a lot of fundamental data and a lot of different approaches are being made to this market place right now. I very rarely look into Coins however, I've just had my phone blow up with calls asking for advise etc lol
So why not just publish this and hopefully get some new followers (Y)
This is no way shape or form is financial advise, take at your own risk.
Peace, love n respect peeps.