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Xrpsignals

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.
POLONIEX:XRPUSDLong
by TradingShot
2
$XRPUSD sees dbl bottom and parabolic upswing$XRPUSD is long overdue for a correction and we are seeing bullish divergence making an entry for a quick short position looking better with volume confirmation to follow. Trade set at neutral as it is too soon to tell for a long position could unfold. Time will tell. Stop loss is present. Trade carefully. Will update with more info later. Disclaimer This is not financial advise nor should be regarded as such. Always invest carefully and make your own decisions with your own money. Have a great weekend.
BITFINEX:XRPUSD
by UnknownUnicorn3861629
XRPUSD Golden Cross on 1D. How did this trade in the past?XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th: So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming uptrend. In the past however this has worked only once for Ripple and that was in March 2017 with a parabolic rise that signaled the start of the new bull market. In the other two occurances, the Golden cross failed to initiate a new bull run as the 1D MA50 was broken and infact a Death Cross took place later on. So it becomes obvious that the current Golden Cross is a buy signal unless the 1D MA50 is crossed . If successful it can potentially aim at $3.50 before the next consolidation.
POLONIEX:XRPUSDLong
by TradingShot
3