We just broke the correction uptrend channel, with all these BTC hypes, it can't even pass a nonimportant resistance, I'm opening another short trade with a target of 0.53 and stop loss at 0.64.
The idea is invalidated if we pass major yearly resistance around 0.65
The chart illustrates an important global pattern observed on the monthly timeframe.
Primarily, my bias is towards a downward trajectory, driven by a significant area of FVG (imbalance) below that has a magnetic pull on price.
One approach involves viewing trades within a triangular space at the corner marked by the blue line, using a clamping effect. However,...
The digital currency known as Ripple, currently trading just above the $0.50 mark per token, has garnered significant attention in the cryptocurrency space. Despite its momentary peak above $1 in 2021, its historical high remains a swift surge to $3.84 witnessed three years earlier.
As the functional token of the RippleNet international-payments network,...
After so long since the last time I make crazy ideas (and some hit the marks, though I never said "I told you so" because I don't need anyone's validation.. I've done some tweaking with the latest data, it might seem a bit raw now and look like mumbo jumbo, but I genuinely think it's possible.. I feel this is a new era of cryptocurrency, especially if it reach...
- BTC and ETH dominances are declining.
- BTC and ETH market cap have reached 4.236 fib extension (2017/2018 high and Covid 2020 march low).
- Huge triangle/pennant on XRPUSDT daily/weekly; declining volume.
Will XRP soak up market value from every other crypto and repeat what happened last bull cycle? Let's find out!
Hello Everyone,
Just a quick update on our XRP position. As you know, XRP formed a strong Bullish Shark Pattern, and we entered the position at the $0.5180 area. Currently, the price is consolidating around the $0.60 zone, indicating that Target Price 1 at $0.5950 (15%) has been reached.
While the bullish scenario persists, I've observed the formation of a...
based on XRP's current cycle looking striking similar to BTC's 2013 cycle + personal targets + average cycle lengths, my take-profit zone is within the shaded red box.
I've have also meticulously analyzed each fragmented wave forming what seems to be a Wave A Zig-Zag for XLM. (See the XRP idea below to see the differences.)
This analysis hints at a potential downtrend with XLM possibly reaching .02 in the near future.
The intriguing symmetry within this pattern raises questions: will Wave B extend upwards once this pattern...
I've meticulously analyzed each fragmented wave forming what seems to be a Wave A Zig-Zag.
This analysis hints at a potential downtrend with XRP possibly reaching .06 in the near future.
The intriguing symmetry within this pattern raises questions: will Wave B extend upwards once this pattern resolves? Considering its struggle to materialize, that's a...
XRP, like many other cryptocurrencies, has experienced significant fluctuations over the past few years. In this article, we will analyze XRP's behavior from 2018 to the present, focusing on the bull market that started in December 2020.
Descending Channel (2018-2020)
From the summer of 2018 to December 2020, XRP was in a descending channel. This period was...
XRP Bulls Target $1 After Breakout
XRP, one of the top 10 cryptocurrencies by market capitalization, has been on a tear in recent weeks, breaking out of a long-term downtrend and reaching its highest level since May 2022.
Technical Indicators Flash Bullish Signals
The daily chart shows that XRP is now trading in a rising channel, with higher highs and higher...
