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VincePrince
Apr 22, 2021 8:45 AM

XRPUSD, Substantial Pace Missing, Triangle Forming! 

Ripple / U. S. DollarKraken

Description

Hi,

Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspectives. Recently XRPUSD has shown up with strong bearish developments to the downside that should not be underestimated and now XRPUSD is forming this triangle-formation marked in my chart as XRPUSD does not manage to develop substantial bullish pace leading to a solid bullish stabilization this triangle-formation is likely to complete within the upcoming times. When the triangle-formation finishes this will show up with bearish pressure to the downside and XRPUSD will point to the dynamic-target-zone marked in my chart in blue from where a new stabilization can be considered however it will be important how XRPUSD reacts on this zone.
Comments
jbX11
You were so right about this and so far its holding okay!
Thank you
VincePrince
@DreamChaser99, Many thanks, much gratitude, all the best.
Silverboat
Where would your buy zone be Vince Prince? Or drop it altogether?
VincePrince
@Silverboat, Hi, this analysis is not a buy or sell recommendation and is for educational purposes only. Greetings.
TrAminapps87
Do you think it is logical to buy XRP in this area considering the potential downwards trend of bitcoin

WAN0097
Wouldn't the psychological $1 level be a strong support considering XRP faltered at the psychologically important $2 resistance?
VincePrince
@WAN0097, Interesting approach, XRPUSD is testing the zone after completing the triangle. Greetings.
zkalous
Why no one noticed DOT any more
VincePrince
Post your comments, questions, and ideas about XRPUSD here.
Thefoxyfoxyfox
@VincePrince, really enjoy your TA. What’s your view on XTZ? Cheers
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