It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher.
While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle.
All though MACD has turned down, we are still in positive...
XRPUSD is approaching our first support at 0.4548 (horizontal swing low support, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6098 (horizontal swing high resistance, 50% Fibonacci retracement).
RSI (34) is also approaching support and we might see a corresponding bounce in price should...
The past three XRP trades I have gained 13%, 5% and 9%. You may check them out in the related ideas section.
XRP is now approaching weak support, and looking at past fractals, we should get a bounce back to 7780 at the very least. Even if we do not, it is almost certain we will get a bounce here.
Therefore, you may long.
Buy:
7000 satoshi
Stop Loss:
6840...
The past two trades on XRP have netted 13% and 5% profit. If you wish for private charts all you have to do is message me.
XRP currently has broken beneath long time support and is trading beneath it. In theory, XRP should have trouble staying above 8140 and should not move above 9400 at all.
I do expect a pump if BTC pumps, but I do not believe that will lead...
XRPUSD is approaching our first resistance at 0.6153 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.4592 (horizontal swing low support, 61.8% Fibonacci retracement).
RSI (34) is also approaching resistance and ichmoku cloud is also showing signs of bearish...
XRPUSD broke the previous Channel Down on 1D on fundamental reasons and managed to test 0.79, which is still a Lower High on 1W. Since this price was also inside the 0.681 - 0.786 (0.68967 - 0.81315) Fibonacci retracement zone since the last 0.96716 1W Lower High in April, we expect the price to make an equally quick technical gap fill as the equivalent rise. We...
XRPUSD is approaching our first resistance at 0.6106 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.4592 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI...
Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone.
From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents.
While MACD is crossing on...
Traders,
Here we have XRPUSD 1D chart.
Previously published an idea about XRP here below predicted it well :
Now we have strong reversals with this bull strong flag for me it's not a signal for another bull-run, but at least a reason to stay between 0.6:0.7 levels waiting for the next bullet that will 2x this pair.
Regards,
Mohsen
The price broke up a Tringle. Ripple will move up to key sell zone $0.60 - $0.62 There are end of 2nd Wave up.
$0.6 -$0.62 - is Sell Zone. Near that level we can open a Short.
P.S. Push like and subscribe if you want to see more signals in the future.
I'll write when to open a Short if this post get 45 like.
