Hello XRP Amry!
XRP appears to be about to make a nice move!
Currently, price action is sitting right on top of the 0.5 Fibonacci at 0.$29.
If price action breaks up, then the next weekly target is $0.50. This target has confluence with strong weekly support/resistance and the 0.382 Fibonacci.
If price cannot hold support, then I suspect price action will head down to $0.224.
If $0.224 is lost as support, then the next area of strong support is around $0.15 - $0.17. This support zone has confluence with strong weekly support/resistance and the 0.618 Fibonacci.
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
XRP appears to be about to make a nice move!
Currently, price action is sitting right on top of the 0.5 Fibonacci at 0.$29.
If price action breaks up, then the next weekly target is $0.50. This target has confluence with strong weekly support/resistance and the 0.382 Fibonacci.
If price cannot hold support, then I suspect price action will head down to $0.224.
If $0.224 is lost as support, then the next area of strong support is around $0.15 - $0.17. This support zone has confluence with strong weekly support/resistance and the 0.618 Fibonacci.
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
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