Xrpusdsignal
XRP, Ripple - wooow, only buy🔥A few days ago I showed you that the price is near a level. I was waiting for a breakout and retest and it happened. Now is a good entry point. But as always with the stop boss. One of the strongest reasons why I expect growth, is the large accumulation in the zone of $1.3 - $1.5 several times. Let's see what happens next...
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP - 6h. Local reversal from the range of $1.8-1.86.The end of the active growth wave in the Ripple (XRP) market on April 14 took off the rose-colored glasses from investors. Setting a new local high at $1.96 has returned confidence to XRP connoisseurs in a non-corrective rise in the coin to $10 . This goal was once popular among XRP fans. Of course, everything is possible in the crypto market, but today a short-term forecast awaits us. As we can see on the daily chart, a liquid zone has formed in the range of $1.8-1.86 , where sellers are actively selling XRP:
For 3 days from April 13 to April 15, buyers tried to take control of this range. However, sellers managed to start a correction and quite sharply lower the XRP price to $0.886. In the previous idea, we predicted a drop in the XRP price to this range:
Buyers managed to stop the XRPUSDT price drop and now the buyers' counterattack continues. However, as we can see on the chart, this counterattack continues at low volumes . Each subsequent local maximum is updated at lower volumes. Each subsequent local impulse is weaker than the previous one. The price is clearly starting to slow down before the liquid range of $1.8-1.86:
As you can see on the 2 hour timeframe, a sharp attack of buyers turned into an inclined trend channel. The breakout of the local range of $1.5-1.55 means that the buyers' attack is completed and a new impulse to fall begins.
At the moment, a positive scenario in the XRPUSD market is the continuation of the price movement within the triangle with the aim of breaking it upwards with a target of $3 . To support this scenario, buyers should not be allowed to drop below $1.1-1.2.
The negative scenario in the XRP market is a deep correction to $0.74-0.77. In this scenario, the seller will test the global trend line of the growth channel, in which the price has been moving since December 2020.
Given the high probability of a new wave of decline in the BTC market from the $ 60,000-61,000 range, we are in no hurry to buy this coin. When the price has tested the range of $1.1-1.2 we will release a new idea.
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XRP Shorterm SELLOn higher timeframes - Weekly and Daily, $XRP just broke above a historical resistance and we expect a retest. Clearly, there's an exhaustion from the upside as shown by the ascending channel on the 30 minutes time frame. A break below is feasible before it flies to our first target, $2.
We go short to $1.4 before we fly to Elon Mars.
Let me know your thoughts?
XRP, Ripple - price moved up exactly as i told. What's next❓14% for 17 hours. Despite the correction of Bitcoin and many other altcoins. Ripple looks strong. Congratulations to those who opened a position with me. If u didn't open it, wait for a retest to 1.4638(but it may not happen). There is the second entry point. I don't see an entry point now.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ripple- Don't get too excited, 1.20-1.25 is the ceilingAs I expected, XrpUsd has dropped under 1usd important figure. Of course, this strong sell-off was followed by a rebound and Ripple managed to recover some of the losses and is trading back above 1usd.
However, If we take a closer look, the rise is clearly corrective in nature and XrpUsd has a very strong confluence resistance between 1.2 and 1.25
A new leg of selling can start from this point and a new dive under 1usd is probable
XRP short to $0.9Quick analysis on XRP using both wave theory, Fibonacci analysis :
Wave theory Analysis:
1) XRP had a nice IMPULSE run-up from Apr 4th to Apr 13th going from $0.58 to $1.96 as shown in my 5 point wave in the diagram above
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase
3) Looks like the correction is a ZIG-ZAG correction look at my wave A-B-C where Wave A touched FIB 61.8% and Wave B is a symmetrical triangle with a nice (3-3-3-3-3) pattern
4) I believe the next one is corrective wave C which has just started and it's is going to come down to FIB 78.6% i.e. $0.9 where the support is tested again to see if it moves up in the next impulse leg up or go down - so watch out for this support line at $0.9
Summary :
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1) Looks like the bears are still in control
2) It's in the final leg of corrective Wave C
3) The support line $0.9 needs to be tested one more time and see which way the market is going to trend
Happy trading, feedback is always appreciated
Is that another wedge forming? Ripple looks set to continue its upward momentum after a health cooling off period.
The bounce should take place within the next 1 - 3 days. Fingers crossed :D
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Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
XRP/USDT Swing tradePair: XRP/USDT
Type: Regular
Suggested buy in : Under $1.7
Suggested Targets: $1.85 - $2.00 - $2.15
Suggested Stop loss: $1.55
I am not your financial advice. No matter how accurate something can be I always suggest that you do your own research and use your own risk management strategy. Use the above numbers as suggestions and not a rule.
Ripple- Buy after the break for 2.1 targetRipple has risen 300% in only 12 trading days, and the cryptocurrency seems determined to make up for the lost time.
From a technical perspective, after reaching 2usd zone, XrpUsd is in a small correction/consolidation and is forming a triangle continuation pattern on smaller TF.
A break of this pattern would signal that the consolidation is over and the measured target is 2.1