Xrpusdsignal
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.
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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.
Ripple- 0.7, a good place to sell shortAfter the recent 0.55 low, Ripple has found support and, like all crypto market is in a correction.
This correction can be a good opportunity for speculators to join the trend and sell this rally.
A good place for this can be 0.7 resistance with a target towards 0.5 important support.
Sustained buying above 0.7-0.75 would negate this scenario
Ripple- can it drop to 0.5?Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion