Hello traders, today let's do an update on XRPUSD 4hour chart.
Repeat fractal from summer 2022, this is an a/b/c/d price
structure in progress right now.
This same structure resulted in 65% gains off point c previously.
Right now recommended strategy: buy dips/pullback into FED.
Final target is point d of the structure, which is +40% gains from
current market...
1) Zoom in to compare this incredible exact same pattern.
2) Then ask yourself, when will your euphoria about a change in trend be the greatest?
Thats where the #rekt will happen and most hodlers be badly exposed. Right there in the red box after breaking trendline.
Both patterns represent a valid h&s with the recent one hitting its target right on point AFTER...
After the spike low at the beginning of the year around 0.3, a leg up, followed by 2 months of consolidation, on 21th of March, Xrp finally broke above resistance and made a high around 0.5
The drop that followed is clearly a correction and seems to be finished soon and a new leg up could follow.
The most obvious target for bulls is the last high at 0.55, but we...
My friends, we are looking at XRP on the daily timeframe and this timeframe is kind of mid-term, sometimes we can look at the daily even short-term.
Why not zoom-out and look at the bigger picture?
We are early in this cycle yet we have a major development happening on this chart.
This is XRPUSDT Weekly
We will do both, the full analysis and also the...
In our EXCAVO Family Chat recently, I was asked what I thought about XRP. I've been asked this question for years. It is clear to many crypto people that XRP has little to do with blockchain, smells like a scam, ex-CEO who sold the token in huge amounts, a lot of conspiracy science, the Settlement with the SEC.
But also with that, the company has a lot of...
XRP holders have been waiting for a long time for the conclusion of the SEC vs. Ripple case. Many XRP holders, including many Whale's, have been topping off their positions the past few weeks.
The current trend has been in play for nearly a year and it is currently on borrowed time. XRP looks to be getting ready to make a 'swift' move to the north. Watch tomorrow (Monday 20th - 21st) and Wednesday (22nd of March).
Doesnt require a single word really. But ya'll know what happens on a break down, right?
Hold my beer pls
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No financial advice, do your own research, don't be stupid
SPECULATION:
XRP Already broke out of the Macro Trend like it did in 2017.
- SEC case cause XRP to go to $27
- retrace to $10
- Exchanges relist XRP for Wave 5
- $200 - 95% retrace = $10 XRP
Do you think the XRP will have a solo bullrun?
Here we are looking at XRP on the Daily TF…
Currently, we have broken out of the local downwards sloping channel that we have been trading within the last month or so…
This comes after ANOTHER bounce off of the macro support line (yellow) that dates back all the way to March of 2020.
Currently, XRP finds itself in a strong local resistance cluster. In order...
Probably.
On the above 5-day chart price action has corrected 80%. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame.
2) Price action is currently on the 0.618 golden zone as measured from March 2020 bottom to the April 2021 high.
3) The Cup and Handle formation is text book....
Just before the massive 2017 Xrp bullrun, we had this wick down to the 0.0030 price. Funnily enough the date was January (23rd) 2017.
Come January 20(23) we get the same wick down to 0.30. Coincidence or not?? Followed by a breakout once again.
According to this we ain't going down. We're about to go back to all time highs! ⤴️
Its been a long time coming for XRP but I think it may have been a long accumulation also.
Lots has been happening in crypto and in that time XRP has been quietly been printing a long and tight bull flag.
No real fireworks as yet but it has broken out of the flag.
Could ignite into a massive bull rally at any moment.
It may also take a while but that is always...
XRP is completing microwave C of the main wave Y of the Double Three Correction structure(WXY).
It seems that Double three correction is running on falling wedge pattern.
I expect XRP goes up at least until the upper line of falling wedge pattern and then it will make a decision(probably XRP will touch 🔴resistance zone($0.4450-$0.4230)🔴 during next weeks).
XRP...
After I successfully predicted the first breakout on March 19th which occurred a few days later (see link below), and having just predicted this breakout we're now seeing shortly before it occurred, XRP is now flagging nicely on the 15 and 30 min charts. This is what I call the 'Falling-Star-Pattern,' and it's performed well for me over the years.
Compare this...
if we look at a very big picture of XRP chart it is almost time to break out so i think next month we will see total break out of this all time downtrent.
