RIPPLE trade ideas
XRP Price Layout, Swinging Within 200-day and 50-day MAXRP price is heading to test the 200-day MA and to do so a 11% jump is mandatory. Once the jump is successful, the next resistance levels to acquire would be around $1.07. In case of a bearish flip, the 50-day MA is acting as a strong support levels, and failing to sustain, the price may continue with the downtrend below the current levels.
It's a Bear FlagSo as per my pattern analysis it's a BEAR FLAG where the market may continues to the downtrend. So whenever a bear flag occurs in a down trend chart usually it continues to be a down Trend. I think it's good for swing and positional traders.
XRP Price Manifest a Bullish ScenarioXRP price which was trending within a descending channel, rebounded well from the critical support levels. Moreover, the healthy consolidation from the past couple of days suggests a uptrend incoming soon after the upper resistance levels breakout.
*Note:- The bullish scenario is only valid if the price crosses and holds above $0.88 else a drop may drag the price below $0.5 levels.
XRP price slashes post waveringIn the early hours, the price was travelling beyond $1.04, approaching $2. But the momentum has ceased and the downtrend is on board. The price dipped first to $1 and further to $0.96. The trend change from the nearest high support level is around 30% indicating that Ripple price is falling into a bearish trap currently. With strengthening buy signal, the RSI strikes at 35 and is expected to flip into an overbought state.
Support level is at $1.030
Resistance level is at $ 1.043
BUY THE XRP DIP XRP Has found critical support at $0.92 as evidenced by the hammer candlestick. Until now, the trend is respecting the ascending trinagle pattern. A bulish reveral is intact as demonstrated by bullish divergence, you can confirm it with the RSI oscillator. 10% gains are absolutely incoming on the condition that XRP manages to steer clear of the bearish crossover between the 20 and 50 EMA
XRP price primed for a surge, movements are highly recessiveIn the early hours, the price was seen down to the $1.001 mark. Pushing itself off from this range, the price is expected to surge deeply in the coming days. This can come true if XRP keeps up with the trend reaching figures at and above $1.1. Contrastly, if the bulls fail XRP can fall back to the previous range or below $1. Since the trends adhere to a recessive pattern, it may move up or down the channel. Currently selling pressure indicators strengthen and RSI may hike off.
Resistance at $1.03,
Support level strikes at $0.99
XRP/USDXRP/USD
On Daily Chart, RSI almost hit the oversold
The current rise more a pullback which can
end at current level to 1.24.
Once the swing lower top is formed at current to 1.24
then expect the pressure back on 0.64.
Subsequently, if fall below 0.63 then expect slide as near
to 0.40
If breakout above 1.24 is witnessed then situation will change
for a rally to test back the peak.
Preffered behaviour is swing top between current level of 0.98 to 1.24.
XRP on triangle formation.Bitcoin falling - Ethereum Falling.
However the fall across the crypto board is not that visible on the XRP (and quite a few others).
Is it the intrinsic fundamental of the use of XRP that's holding it?
Is XRP trying to touch the previous fame of $3?
Is XRP waiting for a fall or waiting to rocket up?
The simple formation of the triangle (with both edges having similar slopes) is also creating a confusion nad the this state is narrowing, as seen on a day's chart.
Ichimoku says: Price is above all lines and above the cloud (bullish nature), lagging span is just above price, just holded by Tenken Sen - around 1.5 (trying to break to move into bullish territory). However, there is a twist nearby, which can easily give the market the bearish sentiment.
The breakout can be either side, but only if supported by heavy volume, which is decreasing as of now. A tight spread between 1.6 and 1.3 is what XRP is facing for now. But beyond this level, with confirmed outbreak (atleast a sharp breakout with high volume and closing above or below this level, rally is expected.
Bullish is what it seems, or atleast what it is hoped!
Happy trading!
XRP (Ripple) new possible breakoutXRP closing in on the previous 1hr resistance
This resistance would be tested for the 4th time now
Squeeze Momentum slowly increasing. Volatility increasing
Look out for a BUY opportunity if it breaks Resistance 1
XRP ON THE ROAD TO 3$! ANALYSIS ON XRPUSD H4 CHART BINANCE
SPOT TRADE IDEA
------>CURRENTLY BTC DOMINANCE IS REACHING IT ALL TIME LOW, THE PARABOLIC MOVEMENT OF MID CAPS LIKE ADA CONFIRMS THE COMPLETION OF PHASE 3 OF ALT SEASON AND WE ARE CURRENTLY ENTERING THE PHASE 4 OF ALT SEASON
------->RIPPLE BEING HAVING ONE OF THE MOST LONGEST ACCUMULATION PERIOD, IS READY TO EXPLODE TO THE MOON AND REACH ITS ATH VERY SOON IN THE ALTSEASON.
--------> XRP THOUGH DROPPING HARD MADE ITS MOVEMENT AND INDICATED ANOTHER MID CAP PARABOLIC RUN, ALSO XLM MOVEMENT CONFIRMED IT.
---------> CURRENTLY WE ARE FACING A RESISTANCE AT 1.6$ AND 1.8$ THESE ARE THE CURCIAL RESISTANCES TO WATCH OF THE MARKET. THE RISK REWARD RATIO OF OUR ENTRY AND THE TARGET IS MORE THAN 2.5 WHICH IS A VERY GOOD NUMBER.
----------> ITS BETTER TO BUY THE XRP DIPS, IF WE HAD ANY DUE TO BTC MOVEMENT AND DO DOLLOR COST AVERAGING IN BUYING {ENTER AT 1.6$(45%), 1.8$(30%) KEEP OTHER 25% TO BUY THE DIPS}
"XRP GONNA GIVE MASSIVE GAINS IN THE UPCOMING DAYS, MAKE SURRE TO HODL YOUR BAGS "
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XRPUSD downward movement.As we can see XRPUSD reached the resistance level of $ 1.6 and began to fall. Most likely, the fall will be to the support level of $ 1.2, but a breakdown may occur and the price will drop to $ 1. Much depends on BTC, if BTC falls, most likely XRPUSD will fall too.
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Good luck and big profits.
