XRP trade ideas
What do you think?CRYPTOCAP:XRP
It looks bullish to me....what do you think?
*Not an investment or trading advice*
Xrp breaks out The coin has been trading in a clear descending channel since last week after pulling back from as high as $1.80 dollars per coin, a position that made long term holders take some of their profits after the coin has risen more the 100% in this year alone. It is this sell off that caused a liquidity shortage in the market resulting in the descending channel that puts the coin on a red hanger sale which grants retail traders with the opportunity to fill up the market with liquidity in order to push price to the upside. This is why we see structures such as the double bottom on the liquidity zone.. These are clear signs that liquidity is being filled and the bulls are ready to take over hence there is a clear upside breakout from the descending channel (right after the double bottom structure) indicating a bullish take over. The bulls where strong enough to break price out of the descending channel but are they strong enough to take price to new highs or to the moon?
Beyond the analysis markets You should know technical analysis and fundamental analysis
Once you know the DIRECTION big movement you will follow BIG PLAYER
Keep on hold 🤞🏻Until you rich🤑
My predction in the XRP Market Cap!!! This it's bullishXRP it's extremely bullish in this altseason. So, I show my 4 targets in the market cap to reach in this cryptocurrency.
1. Target #1: $500 billion
2. Target #2: $1 trillion
3. Target #3: $3 trillion
4. Target #4: $5 trillion
Now, I will going to show you how to calculate the future price when XRP reach one of these targets in the market cap into the future.
For calculate, we need to know how much XRP there're in the circulation supply. We see that there're exactly 45,404,028,640 XRP coins. Or you can to say 45.4 billion XRP in circulation supply. To know it, we use the division using the formula:
b]Formula: Market Cap / circulation supply = future price
Example: Supposed that XRP reach a amrket cap value of $200 billion. To know it, we divided $200 billion / 45, 404, 028, 640 XRP in circulation supply. The future price will be $4.40 USD.
Now, if XRP reach a market cap worth in $500 billion, the future price will be $11.01 USD. A market cap worth in $1 trillion, XRP could to worth $22 USD. A market cap worth in $3 trillion, XRP could to worth $66 USD. Now, if XRP rach the market cap worth in $5 trillion, XRP could to reach the over $100 USD, the future price will be $110 USD. Now, I believe that XRP could to reach a market cap worth so near of $6 trillion. But to get a perfect plan, I reccomend to look the XRP dominance, this it's a smart way to know when XRP or the rest of cryptocurrencies like Chainlink it's reach a higher price when we know that the market cycle could to change. This it's very important to know it. Remember, XRP it's not neccesary to reach a market of $6 trillion becuase I don't have that as guarantee, our guarantee it's to know the information, analytical data, information as speculate news of XRP and the last how the price it's moving based in it.
Ripple Continue Higher. Possible long up to previous highThis week ripple is aggressively uptrend. This will make the trend is become strong to long. Possible to reach previous high.
Looks like xrp might be on a upwards trend with a triangle.Looks like xrp might be on a upwards trend in the future with a triangle formation forming and hammer and a small bull flag before then at the start of rising green candles. This is my second attempt.
30 min chart for market cap breakout after .702 retestLooks good for xrp for the total market cap. should see some more of a rise today.
possible open trade base on my technical analysis we form a triangular trend it may go up, if it break the trend line it may go up soon
possible xrp outcomefeb 28th. Not long and it may become bullish after a bearish sweep. it may or may not go through trendline to meet floor and fib support. primary fib may be slightly higher.
clear support and resistancehow price ha been ranging between clear support and resistance points consecutively
XRP, the final warningMystical shamans gathered as sage burned amongst the dimly lit salt lamps. Mercury retrograde unveiled a stirring monster lurking in the depths of disbelief..... heed this warning, trader.
XRP Ripple - TO THE MOON - PARABOLIC MOVE COMINGIT'S TIME TO SELL ALL YOUR OTHER COINS AND BUY XRP. WEEKLY MACD CROSSOVER.
XRP is in Bearish Channel & touched the Strong ResistanceBecause of touching strong resistance and taking in a big bearish channel and finally it's in a triangle pattern, it's time to go to a rest and fall to support of 1.37B.
So, the probability of a price increase is less seen due to touching the strong resistance.
