Xrpusdidea
XRPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Ripple - positive dynamics + news background. Accumulation for 130 days ended with a successful test of purchases, followed by an exit from the trading range on the rising volume of purchases.
This instrument has all the prerequisites to start trending upward, and the news background is supporting the positive dynamics: the SEC and Ripple Labs have filed motions for summary judgment on a possible violation of the Securities Act. Plaintiff and defendant explained that the judge had sufficient information to do so.
The company's lawyers pointed out that the Commission had run out of arguments in trying to prove that the XRP sales constituted an "investment contract." The SEC noted that it was able to confirm this.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
XRPUSD is set to drop!!XRPUSD 4h has formed a strong down-trending market structure. After strong rejection from the neckline of monthly head & shoulder, it has broken down on the lower timeframe. Currently, the price on the 4h timeframe failed to create a higher high, instead has broken down. As the long-term trend is down, it is a high probability for the price to continue to drop.
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Two pathway for XRP targeting 0.9$XRP / USDT
XRP made a surprise move like he always does
And broke-out a long term trendline resistance (dotted yellow trendline )
currently it is facing a strong horizontal resistance (violet color)
Two possible pathways for XRP now :
1- Direct breakout to 0.87$ - 0.9$
2- Pullback and continue the movement to 0.87$ - 0.9$
Where is XRP fans ? Do you agree ?
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XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A complete review of the popular Ripple currency in Elliott stylAccording to the complete review I did on the previous rising trend, I came to the conclusion that this rise was done during a complete wave (ABC).
as a result :
We have to wait for the completion of a full 5 waves.
According to my research, we are now in wave 3 of decline.
Wave 3 itself is an extended wave and 5 waves, which has already completed 3 waves out of 5 waves and we are currently making wave 4 from wave 3.
This wave is erosive and with many fluctuations.
Wave 4 itself moves in the form of (ABC), which is currently being created as wave (A).
Make the most of the fluctuations of this wave.
Note: This trend is a trend (ND.A), so if you use Fibonacci, the safest level to take the price floor is 50%.
In this trend model, we see high volatility and large price shadows, so if you use 50% fibo, set your loss limit to 83%.
(be successful and profitable)