Reasons for open position:
- Sell zone
- Mirror level coincide with sell zone
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As we can see here VERY CLEARLY, our price action is at the very end of this descending triangle. Historically, a descending triangle this accurate will result in an upward price movement. Additionally, on the 4h chart we are hitting the bottom of the bollinger band and the price has already bounced off with an ENGULFING GREEN CANDLE. These are three strong signs...
XRPUSD is expected to drop to 1st support at 0.23681 where it could potentially react off and up to 1st resistance at 0.29998.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
warn you once again xrpusd is in a downtrend. every rally has shown to be bull traps. So ask yourself whats different today than before. Really nothing has changed ripple network which is a viable profiting business is in my opinion using their name ripple to sell the xrp token to the retailer only to unload their xrp onto them. Almost want to call this a fraud...
Based on longterm findings, we would define this setup as a good way to clearly view at buy & sell zones for margin trading or LT investments for XRPUSD. Feedback always appreciated as we are trying to finetune & consolidate all trading theory out there and funnel towards a consolidated view on this market. Follow us on instagram for more updates.
the bigger heads know everything you know and these psychopaths never play fair, just because you are following the rules doesn't mean everyone else is also following the rules. the truth is you cannot complain like a baby and say it is not fair, the reality is it is all fair because we will be doing the same thing if we had their resources and influence.
Either XRP will bounce off this resistance and stall gains, or it will continue past and head towards the next resistance point. Over all we have STRONG CONSECUTIVE green candles since we broke out of the descending triangle! If you took my advise yesterday you should have made some pips today.
Price heading towards 0.21$, possible heavy pullback after that to 0.29$ to retest resistance. XRP price is actually closely correlated to BTC price, wich actually is likely completing a bearish H&S pattern. I think if we pass the 0.29 resistance, a bull run will occour to 0.375$ after retest of new support zone.
Let me know what you think!
No financial advice intended
The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of the Ripple wasn’t doing anything good in the start.
What an interesting weekly closing.The low pressure of the annual support and the shout of the time is the descent, but the low volume indicates that the seller is left, and so the price can jump above the floor in the weekly chart and that is what is expected.
in weekly time we are in the wave C
our wave C in complex corrections can be long than wave a or b or d and e
but if the price candle comes back into triangle its a good sign that wave D may start.and we can buy and long.
but if the price break the 0.618 fibo extension(means a close below this fibo level) than 100% is available...
HISTORY REPEATS ITSELF
Ive tried to show clearly what im seeing, it should be fairly obvious. Price has been mirroring the 2015-2017 movement almost to the tee, history is the best indicator of the future.
Dont talk to me about 'mArKEt cAP' because i dont care.
XRP has the strongest fundamentals of any digital asset out there. PERIOD.
Ripple is back under selling pressure on Wednesday after the third largest cryptocurrency was swiftly rejected from the $0.2930 level earlier this week. The XRP / USD pair’s technical outlook worsened last week after a major bearish breakout below the $0.3000 level, which prompted a rapid technical sell-off towards the $0.2380 level.
Going forward, buyers need to...