Since XRP hit 0.5$, it's printing higher highs and higher lows. We can expect XRP to go above 1$ soon, especially after the hammer candle close on the weekly. The horizontal lines shown here are simply previous support/resistance zones which may have a future impact on XRP's price. All in all, trade safe and never loose fate in XRP!
XRP/USD is approaching the 200 moving average on the daily so I expect a rejection at that price point. We will wait on the stochastic to print a bullish cross. Moreover, if the rejection tends towards the 1$ price point we may see a stochastic bullish cross on the weekly time frame as well which would tend to mean we will have a massive move to the upside. In any...
As bitcoin dominance is going further below the 50% mark, money from bitcoin is flowing to eth, xrp, and other altcoins naturally. This is why I think we will breakout on the top of this symmetrical triangle formed during this weekend. We should expect a pullback on the 1.65$ mark as it is a key fibonacci level. After that we should be free of resistance until 2$....
Please make this big magnet work! Let's go everyone
As you can see on the chart, a rising wedge formed which would mean a breakout to the downside. I could see it go up to the 1.45$ resistance for now and go back down to the 1.28$ support when the wedge is coming to its end. Then it would have formed a nice double bottom on the support so we could see a big breakout on the upside aiming towards 2$. Let me know what...
We can see on the 4h timeframe a descending triangle with the support being at the 1$ psych level. It is a neutral chart pattern but since there was a falling wedge I expect it to be bullish. We should see a first little correction at the 0.382 fib at 1.45$ and another one at the 0.236 fib at 1.65$. It could stop there or even continue then to the 2$ mark but...
A bullish triangle is about to breakout and we could see XRP retest the 2$ resistance zone. The RSI is very healthy below 50 on the 4h timeframe too. I hope this can help you! Let's go, XRP to the moon 🚀
During the last 6 days a bullish triangle was created and we could see it explode tomorrow of the next day! Expect a massive alt season which concords with btc dominance being at 50%. MACD is reaching 0 and RSI is also very healthy. In my opinion altcoins are going to the moon and it could be even better than the 2017 season because of the improvement of crypto...
If XRP stays above 1.3$ we could see a 1.5$ retest. What do you think of it? I'm new by the way so if I made a mistake or forgot something please let me know!