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Guys firstly I need you to understand, TA is the perfect way to speculate the future...
XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
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...
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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triangular formation with increasing higher lowes increases the chances of a negative breakout just a possible analisis if it take the other direction you can hope for something approximately around a dollar but wait for the conformation if its a breakout up or down have a nice day
xrp is ready to breakout, pennant is on comepletion, first resistance is at 0.86-0.88, mid term target is 0.96-0.98 usd price, and last sell order is at 1.05-1.1 usd, will wait for small retracement to enter again in xro after it hits these targets