XRPUSD - Big move in progress.

Updated

Support and resistance zones are the key in trading. As long as we can stay above 0.60, XRP remains bullish. We are coiling up for a big move. Last weeks we are just ranging, the price doesn’t move much so prepare for the move…

I believe that once we can break the triangle formation and break the price of 1.20 we can see a new all time high. This triangle is forming since 2017.. The move that will be from there will be possible again as in 2017.

The question is, how many XRP traders are still left? Probably not much because all the sh*t has been around.

Do you still believe in XRP?

Let me know in the comment..

Have a great day!

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Th monthly candle will end soon so it's time to check out what is going on.
Since July 2023 we are forming a very tight monthly range. Once we can break out this range a huge rally will follow.

The question is when will it happen? It's is still possible for XRP to continue this range for a few more months but at one time it will fly fast.

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What else is notable? The way the XRPBTC chat looks, we are trying hard to form a bottom here. Even if the XRP pair will break lower, we will find a bottom and catch up fast.

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We have 8 !! bearish months on the XRPBTC pair. When this thing just will form a lower high we will already rise 75%

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On the daily time frame:

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This chart is interesting, it is the chart from 2017 before the big rally. Let's look witch pattern we formed then and what we are forming now

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This is what happened next... After 200 days forming a pattern we went up 1000%!

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Now this is current pattern ..

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I believe same will happen as in 2017 but only time and patience will tell.

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This is a chart that can tell you that soon a big move will happen. We are coming to the end of a triangle formation that is formed since the all time high..

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Update:here we are testing 0.60 once more! We are still above major support so still BULLISH

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The monthly candle opened bearish but we still have a wide range in the EQ pattern.

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But what is interesting is the XRPBTC chart! After 8 bearish candles we are touching the DEMAND zone, i expect XRP to see a Vshape and recover soon.

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zoomed into the daily..

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This the BTC dominance chart, we need this to break bearish for ALTS to run

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When you are in doubt of your long term investment, then zoom out!

This is the 3 Month chart for about 7 years.
We always rejected the downtrending trendline until now...

We are in a bullmarket, don't forget

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History is repeating itself, we can find the same pattern again and again.
After a breakout we get a pullback and a retest of broken resistance. I would like to see XRP above 0.60 with the weekly candle close.

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Update: The targets remain the same. We need to pay attention to the weekly close and if we can continue above 0.60 we can continue higher!

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Don't forget that the XRPBTC chart is a ticking timebomb.

Pay attention to the RSI divergence. If the RSI can print a higher low then price can follow.

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If XRP would follow the exact same pattern as in 2017 then we would reach 230 dollar for 1 XRP in 1 year of time. Then we would decline to 17 dollar in a time frame of 7 years. For those who bought the 230 dollar top, sits on a a bag with a serious loss. Will this happen? I don't know i'm just showing what history did in the past!

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Get your popcorn ready because the weekly candle close is coming!
What's important? As i mentioned before, we need to hold 0.60 as it is a important support zone. If we can hold that level i believe we soon be on the 0.90 area!

If can not hold 0.60 we might fall to 0.53 and we see a longer range but in the end all targets remain the same!!

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The same for the BTC pair, if we would fall 10% lower or not we are ready for a 200% rally upwards.

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On the 4 H timeframe we can pay attention to the declining trendline.
If we can successfully can break above the targets are clear. If we reject we find support at the rising trendline.

Watch out for fake outs! We need to see a back test and continuation.

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We are back at 0.60 BUT we need to close like this!

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We did hold 0.60! We saw a nice retest of the trendline..

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On the 4 H time frame we need to pay attention caus we are overbought. A retest of the trendline is possible!

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XRP is looking good!

The next area we need to clear is 0.66!

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XRPBTC is trying for a breakout!!

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last days XRP is moving slow but we are getting close for a rally

The XRPBTC chart is forming a bottom and currently at support, which can give us a green weekend for XRP

Enjoy

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We can rise about 20 % soon

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Xrp is playing tricks with our mind. Here we are again at 0.60 so since last week wen are still in the range. Next chart is upside down, it means if it goes down we go up..

Even if we would touch 0.53 we still would be extremely bullish. We are restesting crucial levels why the XRPBTC chart is ready to break out

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I didn't expect a pulback this deep but the original targets stay the same.
I'm keeping an eye on the weekly close, it is important that we close above the declining trendline

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To me it seems that we are waiting for some kind of news for XRP to turn around and move above it's ATH. The XRPBTC chart is screaming for a short squeeze

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In trading we need to adjust our focus all the time and look for patterns. Currently we are at support of a triangle formation. If we can hold this zone, a next possible target would be the resistance zone of the triangle at 0.61

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compared to the BTC , XRP is printing 9 monthly bearish candles! We can expect at least a short squeeze soon and if we only would move to the 0.236 fib level we will bounce about 60% !

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a 60 % bounce would brings us fast back to our targets , at first around 0.80!

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The price action on the XRP chart and the rsi are in a huge falling wedge pattern! The question is if we will see a huge pump coming weeks or is there one last drop? Eventually the pump will come. patience is key

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First target will be +40%

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We are nearing a important level on. XRP ! We have a retest on the downtrending trendline and we are at resistance of the rising trendline.

If we can break above this trendline we can fly back to the 0.70 range.

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XRP compared to BTC is trying to break the falling wedge pattern! If we manage to break bullish without a fakeout, we can expect a 50% move upwards!

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From a weekly pov, it seems that next week will be important! It's also notable that tomorrow Ripple will reply in the SEC case. Will it be so positive for Ripple that XRP will move higher? By the look of the charts it seems so.

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XRP found once more support of the giant triangle formation.

Important levels to watch in the upcoming weeks:

0.62
0.72
0.89
1.17

Let's go!

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keep an eye on the XRPBTC pair, we are trying a breakout once more!

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The Bounce will be epic!

When BTC settles, XRP will fly

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It's taking a lot of time but there is not much space left in the triangle formation.
A big resistance will be between 1.30 - 1.40

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If you see the current chart, what will you do? Go long or short? On this chart we are at major resistance so we would short right? Well this chart is upside down so actually we are at support. Sometimes when moving a chart upside down we get a better perspective.

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Sometimes a line chart can give you more info and filter out the noice. As long as we can stay above 0.48 we most likely see 0.86 first!

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As the weekly and the monthly candle almost coming to the close we need to pay attention to the chart! On the line chart we can see that we are still in a range and if we manage to stay above 0.48 we most likely will range back to the highs.

Once we can break out the range our target will be around 1.20.

Have a nice sunday

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A few reason why i think XRP will be bullish in May:

The monthly chart is coming to a close and we are still in a sideways range.
We are printing a bullish hammer on the XRPBTC chart, after so many red weeks it's time to put in that big green candle!
We also are very oversold on the weekly chart, when the RSI go back above the 30 level it's time for fireworks.

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It's possible that we move up 100% fast

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Btc is almost oversold on the daily time frame, buyers willl step in soon!

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XRP VS BTC is at resistance of the trendline from the falling wedge. If we can break this trendline AND break the weekly high, we can move up for 100%.

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If you take a look at this chart you just can't ignore that XRP is about to explode soon. Falling wedge breakout against BTC, Rsi bullish cross with the MA and still around the 30 level but crossed above!

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Good evening! There is not a lot of space in the triangle left and soon we need to make a decision! I believe a explosive move will happen in the nearby future

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XRP is looking good, the XRPBTC pair is trying to break out! If we manage we can expect a big rally..

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We also managed to move back in the triangle formation!

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Good day to you all,

Not much happening lately in the cryptomarket so patience is still key.
Forget about the smaller time frame if you doubt about the future of XRP.

Zoom out and look at this beautiful triangle formation, we are still flirting with resistance and within 1 month and 22 days we are closing this 3 monthly candle. The range is tight so we need to make a decision..

Tic Tac ..

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Good day to you all!

I keep an eye on the XRPBTC chart because we are trying to make a bottom. On the weekly timeframe we are searching for a higher low! We have a possible inverse head and shoulder pattern which is bullish. I project at least a 30 % move to the upside soon in the near future. We can pull back a bit further to touch the golden Fib zone.

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Trade active

Hello Guys,

It's been a while so let's update this trade.
We managed to reach our target.

We are currently testing resistance, are overbought so a pullback is normal.
My target is about 10 dollar but if history repeats we will see much higher numbers!

Trade closed: target reached

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Take a look at the XRPBTC chart, perfect trendline retest ready for the next big move!

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CryptoColugo

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