#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend...
Xrp approaching support area , on Weekly chart it is Looking Good ,
can we go upside ? 0.48 Usd
A low volume pullback is a technical correction toward an area of support that occurs on lower-than-average volume.
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Dear Friends , On 9 Jan trade idea was given ,,trade deadline was 21/25 Jan , it exactly Hit 0.33 usd , Now trade Idea is Closed
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Ripple recently tested the $0.40 resistance level and couldn't break the same with dropping to $0.32 level(19%) recently.
If the manages to hold $0.32 price level and breaks the 0.38$ level then it would be slightly bullish for the asset.
There is a lack of buying interest(volume) and if It broke the $0.32 support...
Though I am bullish for xrp in mid to long term but I can see a small correction in next couple of days.
the major structure is still a bullish falling wedge , but the immediate weakness in bitcoin is kind of being reflected in xrp too.
feel free to share your opinion in comments section.
All the best!
hopefully we can stay above the purple/pink trenddailyline, the 15 minute broke also as the 1hour 2hour 4hour, only the daily is holding it atm, if it goes below the 0.363xx prev. low candle, ecpect a drop.
Another scenario is we go sideways, and just extend the trendline..
My game: i placed a small long entry under the purple/pink dailytrendline, aiming it will...
Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level.
Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed...
Right Its Look like that its holding Trend line support Area .
With the help of S&R We have find some targets and Stop loss Area
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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. Ripple/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. There is a possibility of temporary retracement to suggested support zone (0.04270 to 0.03780). if so, traders can set orders based on Price...