view: bullish
55 cents has been the upper boundary of support and resistance since 2018
55 cents has been tested frequently in the last 5 months
55 cent resistance is now broken
opinion: not likely to return to 55 cents
caveat: maybe will re visit for a re-test of support
opinikon: still I think it is not likely
conclusion: bull market for xrp
I will be waiting for 10 days to two weeks to execute a short trade on the XRP.
I will provide an update on the XRP in 1 week.
For the BTC, i have a long trade executed.
My target is around 42,500.
Seeing that Xrp has what appears to now retested this support line that's headed towards 0.55 cents by January. Although keeping in mind this is a retest. I expect Xrp will ride this support trendline a short period before another run up higher over the coming month or two.
This is just my thoughts at the current moment so don't hope entirely on it but if we're...
Title: Inverse Head and Shoulders in 1-Hour Timeframe Supports Double Bottom Pattern
The cryptocurrency market has been bustling with excitement as traders closely monitor the recent developments in XRP's price action. A remarkable technical formation has emerged, pointing towards a potential bullish trend on the horizon. The combination of an inverse head and...
Anticipating a 145% Bullish Surge in XRP Ahead of FED Press Conference. Double Bottom Formation Creates a Fantastic Buying Opportunity. Short-term Potential Targets 1.7 Dollars. Check Out Our Idea for the Asset.
Maintaining a triangle pattern in a weekly chart the Ripple price action shows higher price rejection from the resistance trend line.
Moreover, it forms an evening star pattern that projects the possibility of a new bear cycle within.
However, the correction can be a retest of the $0.55 breakout, a crucial resistance since September 2022.
Indicating...
XRP price prediction, the value of XRP is predicted to drop by -2.25% and reach $ 0.479326 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). XRP recorded 17/30 (57%) green days with 3.88% price volatility over the last 30 days. Based on our XRP forecast, it's now a good time...
We can see xrp has almost reached the full breakout target of the pink inverse head and shoulders pattern shown here. There is a much higher projected breakout target for the green symmetrical triangle though. Usually after hitting the initial target when there are 2 or more breakout targets in play, you will se it then have a correction back to previous...
NEW CHANCE FOR THOSE WHO MISSED OUT THE FIRST MOVE UP!?!??!
IF you check out my older XRP ideas.. you will notice that I caught XRP from the very very bottom (all in buy zone on the charts) and made an amazing GAINS with people who followed me.
As you can see volume is dropping and buyers are getting weak.. We might see a retracement on this pair as SEC lawsuit is...
Our journey starts in 2013, when Ripple releases XRP to the public. Price pumps all the way to 0.6 cents, then corrects for a double bottom. This completes waves 1 and 2 on the macro scale. Wave 3 takes off to $3.50. Then dumps heavily down too $.11 to complete the bottom of wave 4.
Now, it looks like we are completing a running flat correction.
The...
XRP needs to recover above .72 cents on the hourly time frame to re-ignite bullish impetus towards. .8500 / We like stop entries above .72 with stops below .60 for renewed attempts at breaching important resistance near the ruling high of .9300
🌊 Nothing crazy for you guys but we do have some interesting stuff so feel free to read and thanks for tuning in as usual ladies and gentlemen.
🌊 Before I get started on XRP just want to point out the fact that the general market is rallying overall with the bullish sentiment that the FED won't raise hikes coming the FED meeting which will is due to start...
I normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much...
This week there is a set up for PAYPER trade
- Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest
Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY
* SET AN ALRAM...
📉 Hope everyone's doing alright today, I won't keep you long so thanks for joining ladies and gentlemen.
📉 XRP slipped down below the new support that we added in yesterday losing that level at 0.736 before basically plunking to 0.683 and bouncing back up. Main reason is likely the fact that XRP has failed to regain the 200 EMA on the 15 minutes and lost the...
XRP - 24h expiry - We look to Sell a break of 0.6749 (stop at 0.7249)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Broken out of the channel formation to the downside.
We look for losses to be extended today.
Short term MACD has turned negative.
Our profit...
This morning I liquidated less than 1% of my XRP Position in anticipation of this trade setup, Under the pretext of a Bull market the Ascending Triangle suggests a continuation in upwards price action. it is important to note that the formation of this triangle pattern holds the same bullish sentiment in ranging and bear markets. It's been a few weeks since...
XRPUSD on the 1-hour time frame appears to be in a bearish trend, yet a potential bullish divergence in the RSI suggests this could be the last lower low (LL). Awaiting confirmation through a higher high (HH) in price action before determining a potential trend reversal.
