If history repeats itself, could we be looking at XRP reaching $435 by November 2021?
Sounds crazy, but all things considered:
Can you hear it...The FED printing press goes brrrrrrr
+22% of the total money supply was printed this year alone, think about it!
Time will tell...
Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly...
XRP has been up against a gigantic monthly resistance. it has made 6 attempts over the last few months and has been rejected.
Will it get luck this month?
The bull volume looks like its gaining momentum.
Look left on what happened in this region the last time it broke this monthly resistance in Dec 2017.
Exciting times, get some popcorn, buckle up and enjoy...
Trading Signal:
A Trading Signal is seen in the XRPUSD .
Traders can open their Sell Trades NOW
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Two channels interacting and making an X.
A few trendlines.
A support, and a ressistance level.
FIb. retractement placed due to around 18 month of data on Bybit.
A bit unusual approach.
Looking at the Covid market crash in March as a major global restructuring point of the markets overall.
Everything is primed for XRP to shoot up.
If BTC breaks above, Ripple will...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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.
....
OBV or on balance volume indicator is used for technical analysis to measure buying and selling pressure.
- Bullish OBV Divergence occurs when price declines but OBV advances. ..
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2139). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD 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....
