Inverse H&S still in Play with previous Similarities showing. GM & Good Afternoon Everyone! XRP 1h has been bouncing between the 2.17 & 2.19 supports. We may see XRP visit 2.59 then get rejected and find support around 2.47. Inverse H&S also still in play. We also are showing similarities between Nov 22 - 24 on the chart. I share what I see. Not financial advice. I do not have a crystal ball. Cheers & have a wonderful day!
Thanks,
-Higher_State
XRPUSDC_C44D07.USD trade ideas
$XRP updateCRYPTOCAP:XRP doesn't seem to care too much about $Bitcoin.
If it is a repeat of the previous structure then I expect as the green line is drawn that we will make the run.
I am still a bit skeptical with MARKETSCOM:BITCOIN as I still see a possibility that it will go down a lot. I will upload another drawing about this.
For now, if we manage to maintain volume, I will follow this pattern and this is target 1. As soon as more later I will also upload the next target to take profits.
Have a nice Sunday for now!
Be kind to the world and each other!
XRP in positive consolidationXRP is consolidating as it tests key support levels. I created a bullish wedge at the beginning of December, and XRP broke above and below the wedge. On December 18, XRP broke below the upward trendline, signaling a price correction or a consolidation period that might drag out longer than expected. The On Balance Volume (OBV) shows that XRP faces high buying pressure, signaling positive sentiment to push XRP to resistance levels. The Chaikin Money Flow (CMF) shows that XRP spiked in buying pressure today at 0.43 (OBV) above the zero line, locking in positions that will keep XRP in the fight to consolidate around a price average of $2.42.I posted a Fib Retracement to indicate a buying zone if XRP breaks below support levels.
Fundamental analysis - In this idea, I'm looking at a more volume-based analysis for XRP because its exposure has been rocketing lately, bringing in new partnerships, institutions, and retail. The market has been bearish lately with its recent nose dive, but XRP looks to be handling it well.
Resistance - $2.90
Support - $1.70
Chart - 12hr
What will I be doing? Dollar-cost average.
Fear and Greed Index (CoinMarketCap) - Neutral 59
XRPUSD: Key Support Levels in FocusHello,
BITSTAMP:XRPUSD has performed better than anticipated, but a downside move towards the 1M PP remains likely. However, if the 1W support structure holds firm, it could signal confirmation for potential further upside.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
symmetrical triangle ?The symmetrical triangle is identified by two trendlines: a descending upper trendline connecting lower highs and an ascending lower trendline connecting higher lows.
These trendlines converge toward a single point, known as the apex.
The breakout typically occurs before the pattern reaches the apex, often between 50% and 75% of the way through the triangle's formation.
The expected price movement after the breakout is estimated by measuring the triangle's height at its widest point and projecting this distance in the direction of the breakout.
The symmetrical triangle pattern is a powerful tool for traders. When combined with thorough analysis and risk management, it offers valuable insights into potential breakout points and price targets.
$XRP on repeatMARKETSCOM:RIPPLE has hit the box at position 2. It seems, especially with what Bitcoin is currently doing, that we have completed our correction.
In my chart about bitcoin I show that we are currently very close to a supply zone that is quite important whether we are going to rise or fall.
Depending on that and if history repeats itself, we can go to an extended fib 1.618 first. Possibly around 3.70. For now, MARKETSCOM:BITCOIN is in charge and we'll listen to what it has to say.
Be kind to the world and each other!
XRP LONG TO ATHs! Ripple XRPUSD RLUSD XRP is Bullish to $4 at the very minimum. We successfully completed our retrace down to $1.95 to the dot. Expecting that to be our final support area and to start seeing consolidation, and upwards momentum. Media hype hasn't started yet, BTC is losing market dominance similar to 2017 2018. We are on the verge of another Diamond Hands bull run. Make sure to take some profits when emotions are hitting super dopamine levels of euphoria. The final pump happens fast and retraces even faster. The volatility will be insane.
Well keep tabs on this as the weeks go by. Good luck you beauties!