XRP What's next after the Resistance break-out?XRPUSD finally broke above last November's 0.8400 Resistance and is now forming new dynamics. That sharp move came after the price broke above the Triangle as shown on my previous idea:
This break-out means a lot to XRP holders as it not only opens the way for its new and potentially very aggressive Parabolic Rise, but also validates what we believed was a great buy opportunity back in December 2020 when the whole market was in panic mode:
What lies ahead for Ripple largely depends on how the price will do on certain Fibonacci levels. The obvious pattern is a Channel Up on 1D and the current rejection is not only a direct consequence of the previously overbought 1D RSI (see how it almost hit the 1 year Resistance Zone) but also because it hit the Higher Highs trend-line of the Channel Up.
It is possible to see the former Resistance Zone of 0.8400 - 0.7700 become a Support (as part of the pivot process). Those two Resistance levels are important not just because they caused those sharp rejections on Nov 24, 2020 and Feb 01, 2021, but also because those two place on the 2.382 and 1.382 Fibonacci extension levels of the Channel Up respectively. As the Channel Up unfolds, it can be argued that those two Fib extensions may be turned into XRP's parabolic Resistances.
The question is, if this sequence is progressive, will the 3.382 Fib ext play any role in the future or is it far fetched to think so? Feel free to share your work and let me know in the comments section!
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P.S. Honorable mention Bill Chasap
Xrpsignals
XRPUSD Trade the Triangle break-outPattern: Triangle on 1D.
Signal: (A) Buy if the Lower Highs trend-line breaks (B) Sell if the Higher Lows trend-line breaks.
Target: (A) 0.7500 (below the Resistance), (B) 0.2700 (above the Support).
Don't lose sight of the long-term picture on XRP. Below is my late December 2020 post calling for a buy opportunity when the prevailing sentiment under the legal pressure on Ripple was very bearish:
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RIPPLE (XRPUSDT/XRPBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
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Trade Setups
Below are the potential trade setups that I would be interested in trading:
XRPUSDT
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $0.64 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $0.64, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
XRPBTC
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 950 Sats, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 1110-1140 Sats by the time price reaches it, and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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Daily analysis on the latest market movements and price zones for high probability trade setups.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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XRPUSD Great opportunity could be a little lowerA lot of talk is being done lately on XRP and its recent sharp sell-off that took most traders by surprise. This panic selling is fundamentally driven by the recent news and I believe the tension isn't over yet.
Today I want to focus on the technicals though and the 1W chart. This shows that long-term XRP investors shouldn't panic and this selling was also seen on the previous cycle. In fact it was the last before the massive rally of 2017.
In my opinion there is an opportunity to buy XRP even lower (the current price is good enough as it is for long-term investors), either within the 0.786 - 0.9 Fibonacci retracement level or within the LMACD Buy Zone.
History will repeat itself. Keep a clear head and follow your investment plan.
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How to trade XRP. 3 Best and simpliest trading strategies. My Friend. Here will be the best patterns that work on Crypto and XRP:
1. False break out of key level
- U should wait for a pullback to a strong key level.
- Better when a false breakout happens after 100% of ATR drop.
example
2. Wage patten
This BNB trade is the best example.
We made 3% within 1 day))
3. Squezeeng to a key level
The best example will be on EUR/USD but it also works on Crypto and XRP.
I just showed you 3 best examples of how can buy XRP. Wait for one of these scenarios.
My Friends, if u want to learn how to trade crypto and make money on it write to us about education. Below this video will be a link which u can use for it. Because we closed the last 2 weeks with 80% of the profit. You also can learn how to do it.
Will XRPUSD reach $3.5 if BITCOIN hits $20k?A lot of talk is being made lately regarding Bitcoin's strong rally since early September, with many believing that the All Time High (ATH) of roughly 20k is just around the corner.
However there is one high cap coin that has hardly moved during Bitcoin's recent run and that is Ripple. Why is XRP still consolidating, why is the market extending this accumulation phase while Bitcoin is marching to its ATH?
During the previous Cycle on both coins, when BTCUSD breached its ATH (Feb 20, 2017 1W candle), XRPUSD was still consolidating. 4 weeks later buyers decided to end this accumulation phase and it started a parabolic 2 week jump that ended much higher than its own ATH. Of course history doesn't have to repeat itself exactly as it did in the past, but it is certainly a good point to keep in mind. If BTC breaks above 20k it is possible to see XRP above $3.5 (which is roughly its ATH on an average of exchanges) within 4 weeks.
After all, the Feb 20, 2017 1W candle was the one that kick-started a hyper aggressive bull run on the alt market as a whole as the chart below shows:
So do you believe that Ripple may be closer to its ATH than we think? Feel free to share your work and let me know in the comments section!
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XRP Short Term Moving Averages Suggest 'Don't Blink'MACD is pushing up but the real story here is the yellow short-term moving average line that has been above the slightly slower (orange) MA for the past few months despite no real price movement. This suggests XRP is like a tightly coiled spring. Don't blink or you might miss explosive price action coming to this market soon. It will only need 1 or 2 positive months for XRP to finally break through the long-term downtrend, and the increasing trading volume could then turn into a steep and 'spontaneous' blast off.
XRPUSD Two good case scenarios: $0.24 and $0.30.Going way back in mid 2018 the pattern is a Channel Down. For most of the pattern's lifetime the price has been trading above the median with a level just below (blue line) working as the Support. That is except for two occasions where a Lower Low was made: August 2018 and recently March 2020.
There are two scenarios for XRPUSD right now: Either (A) a +220% Lower High rise as in 2018 to $0.30 or (B) a slower rise to a Lower High at $0.24 assuming the March heavy sell-off was an anomaly caused by the coronavirus panic.
Notice also how the last two Lower Highs were rejected exactly on the 1D MA600. This means that we need a sustainable break above this trend line to start considering a Bull Market on Ripple.
XRP/USD LONG FOR BULL RUNXrp price is sitting in a comfortable support point that is known to pivot in upward direction, also this is the price zone for institutional order flow is located.
where the whales are buying up the supply
Entry 1 .22000
Entry 2 .20000
Entry 3 .18000 sniper entry
if it retraces to .50 and blows through resistance XRP is know to moon to .68 then .76 then .86 levels and from there nothing will stop it from making a bigger move then the last run