XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.24363 where it could potentially rise further to 0.27040.
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Xrpusdsignal
XRPUSD approaching support, potential for a bounce!
XRPUSD is expected to drop to 1st support at 0.25700 where it could potentially react off and up to 1st resistance at 0.28725.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
#XRPUSD#Ripple, The bearish trend is still hereA clear resistance line at $ 0.3350 and a clear support line at $ 0.25.
Last week the xrpusd made a nice attempt and moved towards the resistance line but was unable to break and since then it has only been in decline.
According to the Stochastic, xrpusd can continue to decline.
The xrpusd decreases in the daily, weekly, and monthly graphs, showing a clear downward trend
Target: $ 0.25
XRPUSD formed a bearish gartley | A good short opportunityWith the formation of bullish gartley pattern which I have published in my previous below idea:
The price action was also forming another bearish harmonic gartley pattern and now it is entered in potential reversal zone to hit the targets soon insha Allah.
But MACD is strong bullish and Stochastic is also bullish and did not give bear cross sofar moreover the Volume profile of complete pattern is showing that the traders are still interested to trade above the potential reversal zone but not above the resistance line.
So for secure trade we can wait for MACD to turn weak bullish from strong bullish or for Stochastic to give bear cross then by and the PRZ area or the resistance line can be used as stop loss in case of complete candle stick closes above the PRZ or resistance, coz if the resistance or PRZ will be broken then D leg can be extended from 1.27 to 1.618 fibonacci to form a bearish butterfly pattern and this gartely can be invalidated.
I have used Fibonacci sequence to set the targets:
Sell between: 0.25975 to 0.26308
Re-Buy can be between: 0.25713 to 0.25083
Enjoy your profits and regards,
Atif Akbar (moon333)
#XRPUSD#Ripple, Range StrategicWe entered the period without a clear trend.
The xrpusd can continue to move between the $ 0.24 support line and the $ 0.26 resistance line for a while.
We recommend taking advantage of low volatility and buying close to support and selling close to resistance
$ 0.25 entry price
Target: $ 0.2660
XRPUSD approaching support, potential for a bounce!
XRPUSD is expected to drop to 1st support at 0.23681 where it could potentially react off and up to 1st resistance at 0.29998.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XRPUSD approaching resistance, look out for potential reversal!
XRPUSD is approaching its resistance at 0.29998 where it is could reverse down to its support at 0.23681.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
#XRPUSD, The #Ripple is important to you? Read this analysisYesterday the Ripple dropped worryingly (for those who hold the currency) to a one-year low, it had important $ 0.28 support that held up for a long time but not yesterday.
You can see in the graph above the last support historically, you can call it- "the last stronghold", We think if the Ripple dropped below the above support the chances of Ripple coming back fall drastically.
We recommend only those who are looking for adventure Buy now and follow closely.
2 scenarios possible:
1. Ripple will also break the above support and crash.
2. Anyone who buys at the above price will probably be the one who bought the Ripple at a crazy price.