XRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity.
Potential Trade Setup:
- Entry: Consider a short position upon a retracement, targeting...
Today's focus: XRPUSD
Pattern – Descending
Support – .4960
Resistance – .5337
Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRPUSD on the daily chart.
We have reviewed levels and possible price patterns, focusing on current support and resistance levels. Will we see buyers push forward from the current mini breakout, or is...
Hello Traders, welcome to today's analysis of XRP.
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Explanation of my video analysis:
After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the...
Hi Traders, Investors and Speculators of Charts📈📉
Congratulations to all the XRP HODLERS 🤩🥂
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Cryptocurrency markets, which previously awaited the approval of a Bitcoin ETF, are now facing selling pressure attributed to factors affecting Bitcoin and the cryptocurrency market as a whole.
The continuous withdrawal from the Grayscale Bitcoin fund and the exploitation of Bitcoin miners add to the worries and negative outlook.
Although Bitcoin has been the...
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It's...
In preparation for the upcoming significant bull market rally for XRP, my objective is to formulate an exceptionally bullish interpretation without compromising the analytical integrity. I believe I have achieved this with my latest perspective, elucidating the reasons behind the choppy price action since the commencement of the downtrend in April 2021. Employing...
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XRP Can Rise Again! Discover The Reversal Areas
From the previous analysis, XRP reached two of our bullish targets.
It was a perfect move.
So far we can see that XRP found a strong resistance area near 0.7000 which pushed the price back down very aggressively.
However -10% within 24 hours is a lot.
You can watch the video for further details.
Thanks and good luck!
Lately, XRP (Ripple) has demonstrated a strong upward trend. This video provides a detailed analysis of this trend, thoroughly examining price movements and revealing potential trading chances by extensively studying both weekly and daily timeframes. Anticipate a thorough assessment of price changes, market trends, trend analyses, and crucial technical analysis...
clearly on a trend facing up its slowly but surely rising - lets watch that light blue area on the daily but this is a weekly or even monthly chart to watch. As of now...
Hi Traders, Investors and Speculators of Charts📈📉
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To gain extensive knowledge about future market movements, establish a solid framework for comprehending market trends (excluding Elliott Wave theory). Learn from each mistake without fixating on it excessively. Take your time, as achieving this mastery is pivotal for navigating the intricacies of wave tracking. Avoid assuming you've mastered the field; instead,...
looking at the chart from the monthly time frame, we can clearly see the chart coming to triangle squeeze and will need to see a break to the upside where will find our next resistance level about a $1 or if we break to the downside or next support level $0.27 and if we can't hold the $0.27 level i personally think the will be the best time to go test the $0.20...
