significant support at 0.212. breakout of rising channel wit target of 0.165. Under the 4h ichimoku cloud. Break down from RSI rising support. Thinning in 1D cloud gives a low resistance path down.
Good afternoon! The correction phase of altcoins is nearing completion. And XRP is no exception! The graph shows the XRP price movement plan at the end of the correction phase.
In general, we stock up on patience and look forward to growth.
We will do our time!
The only thing that can completely change the upcoming movement is the fall of BTC below...
I am a little conflicted about this one, but if we factor the weekly Stoch Oscillator out, the chart is demonstrating a very nice inverse H&S. If that is indeed what I am seeing, then $0.45 -- $0.60 should be only a few weeks away.
No matter what crap crypto people want to vomit from their mouths the long term support and resistance with Ripple's XRP token is clearly downward.
No matter what anyone says SWIFT will continue dominate the international remittance market, Ripple won't.
I have posted this idea before but I wanted to give an update on this trading idea.
Untill now, we have seen XRP pretty much exactly following the wyckoff accumulation schematic #1 (see link: school.stockcharts.com )
We have succesfully reclaimed the range low, retested the Spring in phase B line and have...
Evening Traders!
Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence.
Points to consider,
- Consecutive higher lows in place
- Testing structural support (.382 in confluence)
- Local resistance to break
- EMA’s holding price
- RSI diverging
- Stochastics in lower regions...
XRP Ripple testing green long term green support line. Possible bounce from there. MFI,RSI,Stoch RSI,CRSI oversold. Stoch osc. possible drop more. MACD bearish. Volume bearish. XRP can testing resistance red line.
XRP on the monthly chart, you can clearly see that it broke below the last support zone at 0.35cent. It attempted to regain its momentum and break back above at 0.35cent level, but it failed. There is no real support until we reach the next support level at 0.15cent and a break below that level will result in the bearish momentum pushing ripple back to 0.01cent....
Please overlook the mess and focus on the purple and where the purple lines bounce off. Just updating my TA. We are witnessing a bullish three drives pattern {SHORT TERM} and a falling wedge {Long term}. This is deeper than i had thoght but, the bullish three drives pattern wasn't so obvious. I still stand firmly by my bearish short term play to sub $0.20.
Here...
$XRP long term:
Short term MA's are providing support.
Weekly close <0.214 is bearish
Break >21MA will bring us to next resistance. (can turn out in another X)
WXYXZ is still a possibility!!
Breaking through resistance zone will bring us to R1
#RIPPLE #CRYPTO
