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Ripple

XRP showing a beautiful cup & handle pattern on 4hr/Daily chart.XRP is showing a very nice cup & handle pattern on the 4hr, and hourly chart. I think we could see a very powerful breakout in the coming weeks. If so, this could trigger a short-squeeze that literally blows people's minds, as a large percentage of XRP is being held short right now. There's also a nice bullish divergence in on the hourly chart that I'll show in the comments below. Always trade with confidence, never trade with fear, and always use a stop!
Long
by MetaShackle
2
XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈 XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows. From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:XRPUSDT BINANCE:XRPBTC
Long
by CryptoCheck-
1
XRPUSD: Bullish Gartley Recovering Support LevelXRP is currently taking back a Daily Support Zone after rebounding from the PCZ of a Bullish Gartley. Though the setup looks nice, it should be noted that the entry here is a bit late overall in relation to the PCZ so in trying to catch this late move it will be best to use a tighter stop in hopes that the upwards moves accelerates above the Support Zone but if it doesn't, XRP may come back down to the PCZ of the Gartley and in such a case we'd want to stop out early so that we may reposition lower. Ideally XRP will make a move towards the 0.786-0.886 from here but it is very possible that we see Fibonacci Extensions such as the 1.618 which would take XRP up to $1.26 per coin.
COINBASE:XRPUSDLong
by RizeSenpai
Ripple, Possible Reversal In Wedge-Formation, Resistance Above! Hello, Traders Investors And Community, welcome to this analysis about the current situation with ripple and where the price-action will develop further. I made some interesting and significant observations in the current chart which are important to mention. We are looking on the locally 4-hour timeframe and the current situation on the smaller timeframe is matching the middle-to-long-term timeframe coherently, I made also a forecast about ripple middle-term structure and the fractal structure we have currently if you didn't see these already I highly recommend it to you when going to my account and watch the analysis to have a full-depth-overview. When looking at the chart we can see that ripple is currently trading in a rising wedge which you can see marked in blue in my chart, this is normally a bearish formation that breaks to the downside when confirmed rightly. What supports this possibility at the moment is the huge downward-channel we are trading in and the resistance we have above at the 0.21 USD level, this level and the 600-EMA you can see marked in blue building a coherent bearish confluence-zone here between 0.207 and 0.214 which you see marked with the red boxes in my chart when we visit this area it is within the high likelihood schedule that we confirm it as resistance. The next time we can expect a visit of this area to test it, it will be important to see how we react here when there comes a volatile red candle to the downside crossing the lower boundary of the rising wedge down the wedge is finally confirmed and it can be traded on the short-side. Overall the wedge can be traded aggressively or conservative, the aggressive approach will be opening a short position in the bearish-confluence-zone and the conservative approach will be when the wedge has confirmed to the downside. In both scenarios, the target will be the same which is the 0.185 level you can see marked in orange in the chart, there is a high possibility given that we reach this target when the wedge confirmed properly. After the wedge confirmed and the target reached we have to look and contemplate the situation again, it is possible that we get a bounce to the upside here confirming the overall level as support, in this case it is important to hold the overall support to form a possible reversal otherwise when the price is too weak and the support cant behold it is within the possible spectrum that we continue with the downtrend, this will be definitely confirmed when we cross below the 0.175 level which is also matching with the overall bearish picture we have on the bigger timeframe. Remember that the overall move needs to be confirmed rightly and do not rush in a trade, when this happens it is also the best possible entry-place for a trade to take advantage of the down move. Alright, this should give you a good overview, thanks to everybody for watching, support for more market insight, and all the best! The ambition to transform opportunity into gold remains the most significant tool for a trader. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
1
Ripple, Important Breakdown, Weighty Fractal Still Contributing!Hello, Traders Investors And Community And welcome to this update-analysis about the current scenario happening to ripple, as we saw the last days some cryptocurrencies made good gains while others struggling to form new highs on the way up, one of it is ripple where I already mentioned in the past analysis that there is still a meaningful historical fractal in play and that we are trading at the 50 % and 200-EMA resistance in ripple which we confirmed already in the past fractals in the first period of the overall fractal structure. I highly recommend to you that you have a look at this analysis to have a full-depth-overview and see in which period we currently trading in the fractal structure! What we have seen now is the third significant fundamental 200-EMA confirmation of the fractal structure as I mentioned, according to the fractals, there is a further decline awaited finally going to the lower boundary of the overall channel. As you can see it already marked in the past analysis and in the current analysis I mentioned that when we cross the 0.1723 level to the downside we have a high probability that the third fractal play out exactly like the two seen before with a touch of the lower boundary and after that the move to the higher boundary. As you can see it in my chart we have a bearish breakdown zone below the 0.1723 where there is a high likelihood given for heavy supply entering the market pushing the price down at least to test the lower boundary. The next time I am expecting a test of the strong resistance line you can see in my chart at the 0.21073 level in red which will serve as an important resistance now and in the future, if we confirm it we have a high possibility in the schedule to test at least the support at the 0.18035 level which you can see in my chart marked in grey. This is heavily important for ripple to hold if considering at least a range building or possible reversal here! Otherwise, when we fall below this level the high likelihood is given that we fall heavily to the downside. Currently, we have to see how this plays out, there is still the small possibility given that we stabilize in this range and move high but this is currently the not highest possible scenario as we broke bearish to the downside with heavy volatility and volume. Thanks for watching, support for more market insight, and all the best! We have to invoke with our eyes on the market, not on the difficulties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
10
XRP WILL PUMP WITHIN 2 WEEKS!!Looks like a massive pump will come withing the next 2 weeks here. The descending trendline price compression is slowly coming to an end. I EXPECT HIGHER PRICES IN THE LONG-TERM STILL BULLISH! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
XRP: Chris Larsen Wallet Hack... or STAGED Dump?📉Hi Traders, Investors and Speculators of Charts📈 Yesterday, news came out that a huge XRP wallet has been hacked, stealing $112 million worth of XRP. According to information currently available, the hack was as a result of compromised security keys. It turned out to be the wallet of none other than tech-giant Chris Larsen, Ripple Co-founder. (suspicious already?🤔 let's dive in...) One of many strange incidents surrounding this hack is that it was discovered by a Twitter user and popular blockchain security expert ZachXBT. I imagined that one would notice if your personal accounting holding 9 digits of XRP worth $112 million got hacked, but apparently not. It took ZachXBT a public Twitter post to make the apparently unaware team at Ripple take action. This makes you wonder, if ZachXBT didn't pick it up... would this have gone unnoticed and been swept under the rug, or would Chris Larsen have come out and admitted it? I guess we'll never know. But with Ripple's dodgy actions in the past (ultimately leading to the SEC case), one can only guess. Not too long ago, Jed McCaleb finally sold off the last of his enormous amount of XRP which he had been dumping monthly for years. One Twitter user voiced a very valid concern; "are all Ripple execs holding 9 digits of xrp, is there something in place to prevent them from dumping all at once on the market?" It just seems like despite the markets best bullish trends, the constant overwhelming selling pressure is just too high for XRP to reach new highs. It's sad to see such a industry leader and once-promising project fall to new lows. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD BINANCE:XRPUSDT.P
Short
by CryptoCheck-
7
Ripple can decline to 0.5315 points, breaking support levelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the 0.5180 support level, which coincided with the buyer zone and declined below. Then the price turned around and started to rise in an upward channel, where XRP soon broke the 0.5180 level broke it again and rose to the resistance line of the channel. After this, the price bounced down from this line and declined to the buyer zone, where it exited from the channel and entered to upward pennant, in which Ripple turned around and then it rebounded from the support line and made a strong upward impulse to resistance line, thereby breaking 0.5500 level, which coincided with resistance area. But a not long time ago price rebounded from this line and declined to 0.5500 current support level, and at the moment price trades very close to this level in the resistance area. So, in my mind, Ripple can exit from the pennant, break the support level, and continue to decline. For this reason, I set my target at the 0.5315 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
XRPUSDT.1DBased on the market data provided, the XRP cryptocurrency is currently trading at $0.560 against Tether (USDT). The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 79.83, 67.19, and 51.20 respectively. The higher values of RSI (especially the 4-hour RSI) suggest that the cryptocurrency is currently being overbought, which might indicate a potential downward correction in the near future. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.011, 0.0080, and -0.0014 respectively. The positive MACD values in the shorter time frames (4 hours and 1 day) suggest a bullish trend, but the negative MACD value in the 7-day time frame may hint at a longer-term bearish trend. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 0.57, 0.57, and 0.68 respectively. The BB values suggest that the cryptocurrency is currently trading near the upper band, which might indicate a potential price drop. The support levels for 4 hours, 1 day, and 7 days are $0.54, $0.52, and $0.57 respectively, while the resistance levels are $0.59, $0.62, and $0.62. The proximity of the current price to the support levels suggests that a downward price movement might encounter some resistance, which could potentially slow down or halt the price drop. Based on the technical analysis, it seems that XRP might be heading for a short-term price correction due to its overbought condition. However, the positive MACD values in the shorter time frames suggest that the bullish trend might continue if the cryptocurrency can maintain its momentum. Please note that this is just a technical analysis and does not take into account other factors like market news or sentiment, which can also have a significant impact on the price.
by MarsSignals
Can Ripple Manage To Trade Above Resistance Or Fall Back Below?!Hello friends, welcome to this analysis about ripples current middle-to-long-term price action and where we are advancing the next days and weeks, hopefully, everybody is doing good in these markets we are facing today. I made already an analysis of the ongoing subject with ripple where the important resistance we are still having in ripple is mentioned, I highly recommend to you that you go to my account and look on it to have a full-depth-overview about the things going on in ripples price-action we currently see. As I mentioned there ripple will confirm it as resistance and will have a hard time coming over it when this possibility should play out. Unlike other cryptocurrencies like ethereum or bitcoin we can see now really really different signs at the moment in ripples price-action. Unlike to other cryptocurrencies, ripple didn't make a higher high which exceeded the previous high made, currently, it is still trading under this high which first of all is a sign that ripple is more bearish then the other leading cryptocurrencies. Firstly ripple has to come above the strong resistance level which you see in my chart marked with the blue box, this level still serves as the major resistance level and cant be ignored in the structure, as you can see it bounced several times to the downside from that level, this mechanism can happen again. On the other side, we have some worthwhile signs currently happening on the indicational side where I detected a fractal forming in the past price-action together with the MACD movement. There we could see a bear-fakeout which happened before we had this strong-up-move to the high at 0.34681. The fractal providing first the faster moving line crossing the slower moving line down and then rapidly to the upside providing a fake-out which served as an exact indicator for the trend-change to the upside. Exactly that same fractal is happening now which can be the next confirmation of the fractal signaling a continuation to the upside. Now puzzling all these signs together we can expect ripple to decide the next days where it is going with the overall trend and if it is confirming greatly to the upside or falling back again to the downside. When ripple manages with the current possibility given to confirm to the upside it needs to trade with a close above the blue resistance level you can see in my chart also it needs some good volatility and a clear break when this scenario should happen, if it happens I see a high probability for a continuation to the Fibonacci-resistance at 0.23041 you can see marked in my chart with the grey line. Otherwise, when ripple does not serve to come above the resistance we can contemplate ripple to visit the underlying support level you see in the chart marked with the green box. When this happens we need to look forward if ripple confirms this range of stable support or show more decline to the downside. The current situation is a situation in which ripple has to decide where it is going and therefore we have to wait and then spot the reversal or continuation by when it is happening and take the needed action to trade the opportunity resulting from the confirmed scenario therefore trade ripple in the right direction. We currently cant say that this or that scenario will happen for sure and that ripple will hit the moon soon or fall to nearly-zero, that is mere speculation we see at mass today and has nothing to do with elevated market-decision-making. The only thing a wise and motivated trader should do is to keep patients in the market and keep the logical approach to trade the movements with the highest possibility for a profit. Sometimes it is waiting time and now we need ripple to show us the right price-action which will be confirmed as mentioned. Thanks for watching the analysis, feel free to support my friends, have a good rest of the weekend. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
15
RIPPLE - Price can bounce from support area and continue to riseHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it declined to $0.5400 level, which coincided with support area. Then price broke this level, exited from channel, and entered to flat, where Ripple declined until to $0.4970 level. Price rose to $0.5400 level, but soon it turned around and fell back to $0.4970 level, which coincided with one more support area. After this movement, XRP turned around and in a short time rose to $0.5400 level and broke it, thereby exiting from flat. Also recently, price rose higher than support area and now I think that Ripple can correct to support level. Next, XRP will bounce from support level and continue to move up to $0.5750 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
As Expected, Ripple Is Facing The Anticipated Resistance-Mark!Hello, Traders Investors and Community, welcome to this update-analysis on the middle-to-long-term-perspective looking at the XRPUD-trading pair, as I told in my recent analysis about XRPUSD we have still plenty of resistance above our heads which just confirmed right in the last time and there is the possibility given for now there is a high possibility given for a reversal to the downside when the bullish weakness increases further. I highly recommend that you look at this analysis when going to my account and watch the recent XRPUSD analysis to have a full-perspective on today's situation. Okay, my friend's lets have a look on my chart there we can see that XRPUSD bounced into the strong resistance-zone between 0.18750 and 0.20200, this resistance zone marked in blue builds also a coherent bearish-confluence level together with the EMAs you see in my chart, this is why this zone shouldn't be ignored at the moment. So what can we expect when XRPUSD declines further because of the huge resistance? In the case XRPUSD falls more and leaves the resistance zone which you see in my chart to the downside we can expect support in the zone between 0.15976 and 0.17056, you can see this support-level marked with the green box in my chart, in case XRPUSD visits this level again we have good support in this range. No on the other side there is a little possibility given for a bullish continuation, in this case, XRPUSD would consolidate between the 0.19 and 0.2 range before it breaks-up higher, as I told already in the recent analysis this scenario is also given but it is more likely that we see minimum a correction first. Now when the unlikely bullish scenario sets in we can expect a move higher to the 50 % Fibonacci-resistance at o.23 you can see this level marked in grey with text and a trend-line in my chart, this is the next significant resistance-zone in case XRPUSD manages to glide higher. This scenario is confirmed when we close above the EMA and confirm it as support otherwise the bearish scenario with the respected trend-line will set in and we will see the correction. Okay so now we should have a good overview of the situation, remember that either case has to be confirmed accordingly before trading the proper direction when confirmed, always wait on the confirmation and take the trade with the highest possibility, my friends! I see many people guiding others into giving a 100 % promise on this or that scenario, this cant be the approach for a wise trader, we should always look on the given moment as clear as possible and considerate the opportunities which are given to place trades with the best possibilities playing into the trade, therefore, detach ourselves from mere speculation. Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets
BITSTAMP:XRPUSD
by VincePrince
9
XRPUSD - 2.87 Year Old Trend-Line Broken, What Comes Next?!_______________________________________________________________________________________________________________________________________________________________________ Hello, Hello, Hello! Traders, Investors and Community! Welcome to this tremendous significant RIPPLE / US DOLLAR analysis, I detected some important signs of where we heading the next weeks and months and important support levels which we need to hold. The corona fears going on these days and the markets showing volatility never seen for years. For wise traders that doesn't mean crying! For wise traders that does mean searching for profitable opportunities! _______________________________________________________________________________________________________________________________________________________________________ As you can see in my chart RIPPLE just broke down a very very very important support trend-line which was there for 1043 days that means 2.87 in years. This trend-line held the whole structure up and now it is broken, as for now this break looks like a bear-trap BUT that does not mean we are out of the woods, as you can see in my chart we have a huge bearish zone below the trend-line. For now, I see some steady up-trends coming the next weeks and months but these up-trends will trade into resistance right above RIPPLES head, you can see it marked with the resistance levels and the major important falling trend-line which first need to be surpassed to develop further up-trends. The 50 and 200 EMA marked in orange and purple showing resistance also, which means we have another confluence for resistance in the area. When the price touching this area it is important to show good bullish continuation signs otherwise ripple will fall back into the bearish zone which would accomplish a slow death ride to lower levels. Considering this scenario, trade on the SHORT side will be appropriate when a reversal confirmed but for now, the price first has to visit these areas. When dividing the chart into bullish, neutral and bearish areas there are, as mentioned clear obstacles in the neutral zone for ripple to turn bullish: For the next weeks and months we can expect some good up-moves coming but what hold ripple back in this structure are the few resistance levels that shouldn't be ignored. When these levels confirm as resistance a SHORT trade will be appropriate otherwise we have to watch out for a possible bullish confirmation leaving the obstacles in the neutral zone behind and confirm the turning-point into the green bullish area as seen in my chart. _______________________________________________________________________________________________________________________________________________________________________ Thanks for watching my analysis! Hopefully, it will be profitable for you. There are always opportunities in markets also in times of great fear or greed, good treaders keep a cool head and look for the golden apples popping up ;) For more market insight feel free to support. Information provided is only educational and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:XRPUSD
by VincePrince
16
XRP's rally today isn't the real breakout, but it's coming soon!Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives. XRP is showing a bearish divergence on the hourly chart, which most likely is indicating that the price action will fall back to, or near the lower trend line on the chart above. This same pattern played out not to long ago, and will likely repeat, as the people that missed today's rally will be looking for an entry point if/when it pulls back, and the additional money inflows will cause each following run to gain momentum until it ultimately breaks through the upper trend line, pulls back, bounces off it, then runs for a nice gain. This is just my opinion, and in trading there are no guarantees or absolutes! Good luck, and always use a stop. #NeverFOMO
Long
by MetaShackle
3
RIPPLES BULL-MARKET COULD BE IN THE MIDDLE STAGES - HERE IS WHY_______________________________________________________________________________________________________________________________________________________ Hello my friends, today I will look at an important observation showing a repeating pattern on a larger scale. It also shows the events which occur the next weeks and months before the final XRPUSD break-out will happen. Let's go! _______________________________________________________________________________________________________________________________________________________ At observing ripples long-term weekly chart I first found a massive up-trend channel which is drawn from the lowest point (green) to the ending of the first correction (also green) and the first all-time high (red), You can see this channel connecting coherently the lows and highs from this massive and stable up-trend. There is also this first longer correction which you see in my chart marked with the pink box divided into smaller boxes with light-blue dividing-lines and separated into phases one, two and three forming chronically the over-all correction before the final moonshots happened. The correction is divided into phase one: The first stage of the correction in which heavy supply enters the market and shrinking in price occurs The next phase, phase two: It is the stage in which supply falls below the previous level and demand begins to fill the market and price rises, it is also the phase in which many professional investors and institutionals entering the market-landscape, as price rises demand does also. The final most important phase three: Is the last phase before the big boom break-out occurs and prices rise massively to form higher highs at significant levels. In this phase volatility and volume diminish but the price remains trading in the same range as seen in phase two. Both retail and institutional investors buying shares and prepare for the final break-out. Before the break-out occurs we can see a massive decrease in momentum as low momentum is associated with a strong break-out the bull-market occurs after the touch of the lower line of channel. As I saw at looking at the chart now I could capture the same pattern forming again, just in a broader time and price altitude. We are just entering phase two now in which many professional people will enter the market-landscape. So as many people talking about that XRPUSD can fall to lower levels I do not really see that scenario possibly happen in the foreseeable future as we holding up this strong support level and the pattern form looks just like the correction seen before. Considering the bigger altitude in the current correction occurring we can say that the bull market will be enormous and of larger size as the bull market seen before, as it always the case with a bigger altitude and price swings we can expect bigger altitude and price swings in the future. I would be extra vary with shorting ripple in the current situation as it could backfire soon, we are entering phase two now in which consolidation is expected. Short-term trading could be considered here, with LONG position but i personally wouldnt SHORT It right now. _______________________________________________________________________________________________________________________________________________________ Please support, follow and like if you found this analysis useful, i will probably update on this scenario when more information is given. I wish everybody happy christmas and a very very very nice happy new year, of course with good trading profits and a healthy and happy live! May all your goals come true! _______________________________________________________________________________________________________________________________________________________
POLONIEX:XRPUSDLong
by VincePrince
37
HelenP. I Ripple can correct below support level and rebound upHi folks today I'm prepared for you Ripple analytics. A not long time ago price declined to the trend line, which coincided with the support line of the upward channel, thereby breaking support 2. After this, Ripple in a short time rose higher than this level and later rose to the resistance line of the channel. Then price made a correction to support 2, which coincided with the support zone, some time traded near and then rebounded and continued to move up. Soon, Ripple reached support 1, which coincided with the resistance zone, but the price at once rebounded and little declined. Then the price turned around and broke support 1, but soon fell back, after which turned around and finally broke support 1. After this, the price rose to the resistance line of the channel, but a not long time ago it rebounded and fell to the resistance zone, where XRP continued to trades very close to the support level. For my mind, Ripple will make a correction lower than support 1, after which it turns around and starts to move up to the resistance line of the channel. That's why I set my target at the 0.5385 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by fxtraderanthony
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
12
🔥 BIG MOVE SOON FOR XRP AND BITCOIN! IMPORTANT 🔥🔥 Hi hope everyone's doing well, wanted to come by and give a quick follow up and post before I have to head back to work but wishing the best as always and thanks for coming by as always! 🔥 This idea won't be too long but it'll be important so give it a quick read and check out some of the charts below! To cut to the chase, we can see XRP just about finally exiting out of this descending channel that it's been in since last year when we take a look at the 4 hour chart attached below: 🔥 Anyway we've got that as well as the combination of our 200 EMA being within arms reach so to say. If bulls can manage to regain that 200 EMA on the 4 hour chart then I can't emphasize just how much of a positive indicator that would be for us. We can clearly see how we had that flash drop at the start of the year and how losing that 200 EMA contributed so much to us falling, especially once we failed to regain it on the second attempt back in January. 🔥 With that all said and done next big picture we wanted to check on is Bitcoin. Bitcoin's at the same level at which we once stood back in January. This is undoubtedly gonna be a pretty big pivot point depending on whether or not we can break this resistance level by which we'll have a good shot at possibly forming/hitting new high's or at least hitting that $50,000 mark soon enough. 🔥 What that being said we can always have the opposite scenario and end up falling back down below our $47,000 level should that happen we could experience a similar flash sell to that in January following the ETF news though I wouldn't expect things to be as dramatic but then again, you can never be certain in this market, but past price action alone we're certain this level is going to likely make or break things for traders. Below is a bigger highlight of the big consolidation channel for Bitcoin that should be noted. 🔥 With the bigger picture here and a look at our big consolidation channel we can identify the points between $41,500-$43,000 to be this sort of horizontal consolidation channel for Bitcoin. Would definitely recommend adding to your own charts in case we come back to that point which is always a possibility. Traders are looking for a make or break indicator and hopefully we can avoid the latter. 🔥 With that all being said and I done I said this idea wouldn't be long and I keep to my word, just wanted to give a big picture view and quick analysis of both charts considering the fact that the market will likely stick close to Bitcoin and follow, the correlation grows apart sometimes but overall using Bitcoin as a lead indicator, confirmation can help us out over here too. That's it for today anyway, thanks for coming by as always and wishing the best as always till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1