Ripple (XRP) - December 27 (1h)

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You should watch for any movement that deviates from the 0.28518-0.30296 range.
If you fall from the 0.28518 point, you can touch the 0.24114 point, so you need to trade carefully.

If it breaks above the 0.30296 point around December 27 and rises, it is expected to touch the 0.32745 point.
It is better to think of this as a rebound rather than as a turnaround in an uptrend.

At this point in time, I believe that in order to turn to an uptrend, it must rise above the 0.39165 point and gain support.


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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

Comment:

(XRPUSD 1h chart)

It fell from the 0.28518 point.
We must follow the downtrend line and see if it can move up and then go up.

If you fall below the downtrend line, you can touch below the 0.24623 point, so you need to trade carefully.

We'll have to see if it could be rising to the 0.28518-0.30296 range after the time shown on the chart (05:00 on December 28).

We need to see if we can stock up on support while getting support from 0.28518-0.30296.

Comment:

(XRPUSD 1h chart)

We must see if we can move above the 0.20121 point quickly and break off the downtrend line.
You need to make sure you can get support from 0.14738-0.17407.

When the M-Signal line on the 1W chart goes down to 0.28518-0.30296, we have to see if the XRP price can rise and break upward.

Comment:

(XRPUSD 1h chart)

After touching the 0.17407 point, it rises and is moving sideways between 0.20121-0.23264.
You should watch for any movement that deviates from the 0.20121-0.23264 section.

The key question is whether the uptrend line and the downtrend line can break above the 0.23264-0.24623 interval passing by and rise above the 0.28518 point.

It is also important to be able to get support in the 0.14738-0.17407 range.