Hey-hey!
RIPPLE' has a pretty good opportunity to capture another round number level which is $0.6
Current, price action and price level are impressive and now we need a support from BTC'. It made a little drop downwards but let's see how this action will end. If You see a bullish price action from BTC' then definitely enter into the RIPPLE' to make some nice profits.
The XRP bounce criteria:
1. The round number $0.5 works nicely as a support and it has worked historically a strong support/resistance level
2. Different perfect FIB retracement 61.8% levels are exactly around that current price.
3. We have a possible bullish chart pattern called "Inverted Head & Shoulders" (a bit sloppy but still recognizable) on the very strong support area.
4. Different Elliot Wave theory waves could lead us at least to the $0.6
To trade on the safer market, enter into the trade when BTC' price is at least above the $6,460, otherwise DO NOT TRADE!
Targets:
1. $0.62 - ~12%
2. $0.59 - ~20%
Hopefully, this breakdown helps You out a little bit to confirm Your own analysis!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really really appreciate it!
Have a nice weekend!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
RIPPLE' has a pretty good opportunity to capture another round number level which is $0.6
Current, price action and price level are impressive and now we need a support from BTC'. It made a little drop downwards but let's see how this action will end. If You see a bullish price action from BTC' then definitely enter into the RIPPLE' to make some nice profits.
The XRP bounce criteria:
1. The round number $0.5 works nicely as a support and it has worked historically a strong support/resistance level
2. Different perfect FIB retracement 61.8% levels are exactly around that current price.
3. We have a possible bullish chart pattern called "Inverted Head & Shoulders" (a bit sloppy but still recognizable) on the very strong support area.
4. Different Elliot Wave theory waves could lead us at least to the $0.6
To trade on the safer market, enter into the trade when BTC' price is at least above the $6,460, otherwise DO NOT TRADE!
Targets:
1. $0.62 - ~12%
2. $0.59 - ~20%
Hopefully, this breakdown helps You out a little bit to confirm Your own analysis!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really really appreciate it!
Have a nice weekend!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment:
Just watch BTC! If it gets a candle close (1h) above $6,445-60, then I have a feeling that RIPPLE will explode!!
BTC analysis:
BTC analysis:
Trade active
Trade active:
Breakout from the Triangle and BTC are showing bullish signs!
Comment:
We have a breakout from the Bull Flag and we got a higher high candle close on the 1H chart (It would have better when we get a 4H candle close at this level -1h to go). It would be a sign that the first target may reach soon but only then when BTC at least holds the current price. If BTC starts to climb higher above the $6,460 and $6,500 then there are no questions about RIPPLE first target. Currently, there are more bullish signs then bearish but still, the pressure is down and be cautious because the one bearish sign is the biggest - the overall trend is down!!
Targets:
1. $0.566 - ~12%
2. $0.597 - ~20%