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Today we will look at this trading pair on the weekly timeframe which shows us an extremely bullish opportunity in front of us. For the purpose of this TA we will be using a line break candles. These candles reduce noise and give us a clear direction of the trend. More...
Hey XRP Army!
XRP saw an increase of around 2% over the past 24 hours and it currently trades at $0.2805. This allowed it to climb by a total of 10.65% over the past 30 days as the cryptocurrency makes its way toward the $0.30 level once again. However, XRP has strong resistance ahead at the $0.2811 and the 100-days EMA before being able to reach $0.30.
Making a new HH with good volume..
If it manages to hodl/flip this level, then we should aim for a new leg up to ~3800 sats(15%)
UCTS Buy signal active on the 1D (25% up already)
RSI reaching overbought levels
Aim to enter as low as possible to mitigate risks =)
I longed XRP around 3220 and XRP has been doing nothing but what everyone is expecting with Swell Conference coming up. XRP is also seen as a "safe" play always.
With very little historical data to go off of with XRP in it's current level, this is the play I'm going to attempt.
Sell/Take Profit: 0.00004090
If this comes to fruition, I would...
Bought this trend continuation setup at the break of the 0.25 fib level.
Even if you buy now, the potential profit is still 17% so is not a bad shot.
The stop loss goes below the red 0 line.
If we close above the 0.5 the stop will be moved at scratch so we don't transform a winner in a loser :)
Beside this trend continuation setup, which is anticipating the...
Looks like XRP Swell conference hype is starting, looks good for holders as this could move up a little more than where we are. If this jumped up a few levels from the start of the year it could get very nice.
Monthly: Tweezer bottom left by August & September's candle, support found @ 2400 satoshis. Last time the price was this low XRP was listed on Binance, the following month price fell to 60 satoshis with a beautiful recovery. Price remains in a downtrend with a new low formed, expecting to see XRP to push for a new high...
Yesterday XRP hit our retracement target at 3250 sats, exactly as expected :-) In today's idea, we will look on the daily chart. Don't forget to give us a like and hit the subscribe button. We will follow this trading pair daily and don't miss the updates:-)
Let's jump into the chart:
On the daily time frame, we can notice some interesting development which I...