Hello Traders Investors And Community,
Welcome to this update-analysis in which we are looking at XRPUSDs 12-hour timeframe perspective and the massive inverse head-and-shoulder-formation forming I mentioned already in the previous analysis. The last times XRPUSD is about to form this huge bottom from where it can build up to form some solid potentials ahead,...
The price of Ripple has stucked near strong support level and I wait growing in short time.
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XRP is overall bearish trading inside the red channel. But since it is approaching a strong demand zone (as shown in green), we will be looking for buy setups (long-term)
The upper red trendline is not valid yet (only connecting two swings) so we will be waiting for a third swing to form around it to consider it valid (projection in purple). In this case, the...
It's simple , the XRP 3d candles has a golden cross as you can see here. The last time it did that , well we can all see what happened back then.
Will history repeat itself? Fractals often repeats in TA and if it does repeat this time , then buckle up for a mega moonshot
Its very important hold 0.004 FIB TREND LINE ( 0.22 USD per XRP) as show the monthly candle for a bullrun.
We need to see what will happen with SEC`s lawsuit and how it affects XRP PRICE.
Fundamentals for analysis:
- RippleLabs is XRP creator but is not their security.
- If you want invest in RippleLabs you need to ask in secondary market. ( for a security)...
we can see using the renko strategy xrp has never closed below 0.17 and also the macd trendline has not being broken the trend, i think there is a high reward risk ratio here, but it doesnt matter any gains could easily be wiped out on " bad news" until this sec nonsense is over.
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The price has been holding above support structure, If price continues to hold above the structure, I expect the price to move higher....
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
Short entry: 0.46 usd
target 1 0.12 usd
target 2 0.086 usd
target 3 0.036 usd
Take profit: 0.70 usd
At the end of 2022 XRP should start its bull run.
The pattern is a "diamond pattern".
This is my personal opinion and this is not a financial advice! Good trading!