XRP needs to break that short-term resistance line to continue the uptrend movement.
On bigger time-frames, the price seems to be forming a bullish accumulation pattern, and on the breakout of that resistance could be a great entry point for XRP.
Looking at the XRPUSD chart we may spot a potential flag pattern. It could be usually a trend continuation structure with possible support at the line drawn through the bottoms. What is more, to the price also has stopped at the 38,2% of the Fibonacci retracement.
If the mentioned support levels are not broken we may expect another rally after the breakout of the...
Market in last 1 week
-XRPUSD saw a downtrend after rejection from the upper Bollinger Band
-Price volatility was very high. The market moved ~14.97%, between $0.31 and $0.27
Today’s Trend analysis
-XRPUSD expected to see downtrend and after getting support from midline band an uptrend
-Price at time of publishing: $0.282
-XRP’s market cap: $12.69...
XRP is lagging above the downtrend line. It moves in a downward flag characterized by a breakout upwards, but I believe that further declines are waiting for us as BTC is recording declines and I am afraid that BTC will test lower levels which will translate into a decline in ALTOCOINs.
Declines on XRP are possible to the level of 618 fiboo, i.e. to the level...
Update from previous XRP chart, looking at the 4h chart we can see that it's still about to make 2020 highs but not just yet. Not until the price goes down first.
I'm seeing a dump back down to this 0.2697 level if we don't hold around 0.28527 support
That is where I would have my entry target, along 0.285 and the 99ma acting as support confirmation for...
We've clearly been ranging between 11300 - 12000 zone for the past week or so. (this is just bitcoin being the most volatile market in the world + the ups & downs plays a HUGE part of the human psychology aspect that we all see in trading every day) Remember - DON'T chase the market.
After a $250-500 pump in less then 24 hours it's usually time to start looking...
All you need to know is that staking is a growing trend among millennials.
At the beginning of 2020, the market cap of staking coins stood at $7.8 billion. Today, it’s $21.4 billion... an increase of 178% in just six months.
Up until recently, staking rewards were the only real reason to hold Tezos. And that makes sense. With a yield up to 10x higher than the...
in the last bull run if you bought XRP at 2500 sats you could have quadrupled your bitcoin holdings
apparently the opportunity existed twice which means effectively if you bought at 2500 sats and sold at 10,000 sats both times, you would have 16 times the amount of bitcoin you had originally
way better than just hodling
First thing to know is i am an amateur so please please DO NOT take this as financial advice.
I believe this is a Bull Flag and we should have a pretty good chance of breaking out.
With the NYC news that NewYorkers can now access XRP and hold in custody ( YESTERDAY NEWS ) and with the potential of another USA stimulus cheque getting rolled out ASAP.
At first: don't trust me - It's your money - Your decisions
Let's have a look on the weekly timeframe:
Overall i'm very bullish on XRP for the next couple of weeks, but there is a bearish gravestone on the weekly. We saw a nice bull run on the daily without clean retracements, so it's likely that the gravestone pays out and we see some pullback....
XRP/BTC is forming a bullish engulfing candlestick pattern on the important support level.
Which is pretty bullish for this asset, so we can characterize this whole movement as a pullback.
This also can be the start of a bullish 1 2 3 4 5 movement
X Force Global Analysis:
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In this post, we analyze XRP's hourly chart, assessing its probable bullish and bearish scenarios for the short term.
- To begin with, XRP has been consolidating within a bullish pennant pattern
- Prices have been creating lower highs...
Hope this idea will inspire some of you !
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