*XRP, THE BULL MARKET'S HERALD*Hello again Degenerates,
Who would've thought that we would have gotten some exciting moves happening on a Sunday night.
I had to run back from the gym to watch it with some popcorn as a bunch of bulls play with heritance of my children. Fun times.
However, I would like to get away from the Bitcoin Wars and analyze a little of what is happening in XRP.
- Last week, XRP price action filled me with hopium as price traveled in a tight channel which, for noobies like me, looks exactly like what a Leading Diagonal Wave 1 would look like.
So I went back to the chart when did some doodles that you can now see on your screen.
- Per my analysis, XRP looks like it has gone through an ABC Flat Correction that ended last week and is not starting the first impulse wave of a Macro Wave 3 (or 5 depending on where you start your Elliot Waves cycle.)
- If I am correct, this Wave 1 will have a price target of $3, than we would go in a short Wave 2 and immediately jump into a bullish Wave 3.
- Zooming in to where we are right now, don't be surprised if price dumps into that purple zone highlighted in the chart, that is our PT for W2 of W1 of W3(or 5). It could even go lower, but i don't expect it would.
The fact is, if you took profits, great. If you didn't, get ready, because we are now in the playground for the Manipulators, preying on liquidity that some butter hands will regrettably give to them.
This is my bullish scenario for XRP anyway. If you want to see my bearish scenario, you can check the post I made on the ADA chart in the link below:
*As always, I'm just an observer of the market attempting to decipher it's hidden secrets. This is not a financial Advice.*
XRPUSD.P trade ideas
Xrp targets are within the circle and from there we go to $2.52Xrp targets are within the circle and from there we go to $2.52
Once we reach the $2.52 mark this is going lower it could go as low as 57 to 85 cents.
Not Financial advice but this is what I'm doing I'm buying it the three separate areas 2.27 2.25 and a 2.23
The Lawsuit is ending As most of yall need to pay attention for the news for XRP. So this needs to play out. The key support is exactly around 2$ even and the support is at $2.15 however... the lawsuit is ending so 60% gain can happen to hit 4$ alright. So now the key support has to stay strong and then need to break above $2.60 before breaking above $2.49 first.
I am long still so i suggest keep the sharp eye to the key support because it will dip nearly right there.
( HINT HINT.. XRP STILL EYEING 3$ then $15 TARGET )
And this is where we are at with xrpAnd this is where we are at with xrp.
What goes up must come down and if we're going to trade we should trade no lower than the four hour time frame so I'm showing you that now.
The red dots are resistance turn support as were the arrow Is pointing so we should expect a bounce from there. $2.35 - I'd expect to buy in at.
Plan "a" is what you'd expect under normal circumstances...
Plan. "B" is what's gonna happen
$2.269 is the Target!
We are heading towards the targets that I spoke of earlier in previous posts!
Just thought it would havve happened sooner!
This is going to happen fast, a falling knife and Imma gonna capture it!
THE BUY BACK IS: $2.269 all in!
Xrp is about to take a further dumpTake a look at the 4-Hour chart for xrp3s or any other exchange where you're able to Short xrp the 4-Hour chart use the SAR indicator and you will find that the short is at the bottom of the chart and with the SAR it's about to squeeze and the shorts are about to win while the loans are about to lose xrp is going down
So with the new day and the new blue volume candleSo with the new day and the new blue volume candle.
You note that the four yellow line still exist and are accommodated by the new blue candle we may see this do a double top at the $2.38 Mark but then I anticipate it's going to pull back to the $2.26 area the first 50% byline area overall it will be an up move but it has to come down to cool off and allow investors to take some profit off the table
Adjusted Fibonacci Sequence due to the higher priceAdjusted Fibonacci Sequence due to the higher price
All else is as is I'm buying lower did not chase this candle sold it $2.32 I believe that that was the top of $2.38 it caused the Divergence and now the price reverses once it hits the 50% line I'm going to sell my xrp 3s short and by long $7,777 which is 50% of my Holdings and by lower if necessary
XRP Approaches Critical Support at $2.00Key Technical Level:
XRP is testing the strong $2.00 support level, which has consistently acted as a key price floor since December.
Descending Triangle Formation:
The price action is forming a descending triangle, where decreasing volatility suggests an imminent breakout. This pattern emerges as XRP approaches the intersection of descending resistance and horizontal support.
Bullish or Bearish?
A confirmed breakout above resistance could trigger a strong rally.
A sustained drop below $2.00 would invalidate the bullish outlook, potentially leading to a retracement toward $1.60-$1.80.
Market Perspective:
XRP’s rally from $0.60 to over $3.40 since November suggests that the current correction is likely a phase of profit-taking rather than a full trend reversal. However, traders should remain cautious and watch for confirmation of direction.
Stay alert—XRP is at a decisive moment! 🚀📉
#XRP #Crypto #MarketAnalysis #Trading #TechnicalAnalysis #Cryptocurrency #Bullish #SupportLevel
Updated Fibonacci sequence to the bar on xrpUpdated Fibonacci sequence to the bar on xrp.
Prior post States at all however my bylines were incorrect I took the Fibonacci sequence on the blue bar to get the lines to put my buy-ins on they were incorrect on the prior chart I want to update that for you now
For those that follow xrp on my behalfFor those that follow xrp on my behalf
I had already posted that at around $2.32 I would sell all I have actually been buying and selling throughout the candle going up I would make a cell line by lower sell it higher by lower sell it higher I have been doing that all the way to the top now you're going to see 50% lines of my total going in on those bylines 50% on each of those lines and then all of it at the bottom line if it goes that far when a price reaches those by lines I will be putting in that amount in three times Leverage
XRP next potential move to $4.00 !Between now to 17 March - Potential scenario's for XRP
Bearish scenario's
3D RSI need to break 55 . If reject at around 55 or lower, it will go downtrend to 28 or below. Look for signs if crossing the SMA yellow line for bullish move.
MACD on 3D showing hope for uptrend but lets see if it breaks above by 17th Mar.
Full Moon indicator printed today, usually marks the downtrend scenario to begin today till 29
March before a new moon begin
* A potential rejection can happen at $2.48 or $2.60 . If breaks above and stays there, then good.
* Ascending broadening pattern is generally bearish and it's a sign that it's nearing a significant resistance level it indicates an upward momentum is weakening and a potential breakdown can happen
Bullish scenarios
Daily candle looks good now but may be short-lived beyond the 17th Mar. So watch the movement towards this date
3D candle have been bearish since 22 Jan. 2nd half of March need to show upward strength
Candle bounced at 50 MA and showed signs of upward trend .
This ascending broadening wedge is quite unique in my opinion. It also shows the market is quite undecided about which direction to go and waiting for a violent move. But if you notice the trajectory, the likelihood is more is towards uptrend .
It needs to break the $2.48 and $2.60 with a volume for the pump to arrive at a new ATH of $4.00
Beyond $4.00 is the new price discovery zone and it's anyone's guess where it will go next. Perhaps back to $1.00 😅 for a cooling down retracement?
Next Likelihood Potential Move
↗️Bullish: 60%🟢
↘️Bearish: 40%🔴