XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching...
It's time to have a peak under the kimono and see if this Emporer is wearing anything! The time is right! The 75MA is in perfect position to cross over the 150MA, and now we need XRP price to follow through! I've been yelling it from all sorts of roof tops, sounding the bell and letting as many people know that XRP has been ripe for the taking! My hope and...
We have been seeing the most activity in ripple today. It's been a while since I have updated my ripple positions. If you remember we went long at 33 cents before the big run up to 80. You could have traded that, flipped it, held it. Whatever. You would have made money.
If you haven't already, it's time to go long again. Once we break this 38 cent top, we will...
the breakout target for this one is right around 39 cents, this breakout comes on the heels of the IMF saying very good things about ripple as they tend to do and Asheesh Birla revealing that not long from now xrp will be expanding its corridors beyond just Mexico and the Philippines.
Threw a Fib pitchfork up. Made a channel. Price action has great respect for fibs. Check out the wick taps in the latter half of 2018. EOY Channel High? Same as ATH. EOY Channel Low? $0.50 30-1000% EOY per this channel.
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It's just a matter of time until we see a massive candle again. See how it happened in the past, everytime we break the trendline the currency get crazy fueled, so getting back to 0.8 is just a matter of waiting until it happen, and it will be soon!
Previously we gained more than 150% after seeing a switch like this (see chart for info).
We should see some nice gains in the coming weeks.
This time XRP is more oversold though, which could make it's move even more explosive.
Welcome Back!
With volume heading back into the crypto markets I wanted to take some time to talk about one of the most loved as well as one of the most hated cryptos on the market.
XRP THE STANDARD! Jk...
I have been noticing a very key pattern that has played out once before in Ripples cycles and its a pattern I believe will react similarly to the one in...
Opened a long position with leverage.
This is to record/review in the future and to find my entries and exits.
NOT FINANCIAL ADVICE.
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After looking at the latest Ripple price movement, I have come to the conclusion that the instrument is about to continue its bullish trend as:
- the price has broken the narrowing price channel on April the 2d and then retraced to the previous zone of support of the previous price highs;
- the instrument is currently moving above the blue Alligator line (Jaws)...
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