XRPUSDT elliot waveFirst time using Elliot wave theory. I was a little sceptical at first. but the setup worked perfectly. Will try to post more Elliot wave based Ideas. Thank you
XRPUSDT.3S trade ideas
XRPUSDT short on short term rallyXRPUSDT short on 4h chart and Entry at current market price and stop loss at .4150.
As per EW theory its the C wave in downtrend of overall bullish trend. i would be taking this short term benefit of small penny in my account.
XRPUSDT Hourly Chart ShortXRPUSDT hourly chart is short currently in 4th wave correction and 5th wave is about to start.
Triangle break out in XrpAs Traiangle has broken out and can excute trade with more than 1:1 risk reward
XRPUSDT downside limited in short term XRPUSDT is limited downside having major support highiighted in double red lines.
XRP in Buy zoneexpecting a good upside move would happen since major price level has been broken in 15 mins trend.
Expecting risk reward more than 1:1
Xrp ripple Xrp usdt is making base just below the major resistance.. absolutely bullish if breaks above
Forming a buy set up in 15 minsHave to wait to break out the channel in 15 mins and close above the channel
may excute with risk reward 1 :1.5
channel break in 15 mins time framewe can go long in 15 mins with risk rewar 1:2
as the channel broken out and price is sustaining above the channel
XRP LongExpecting some pump on XRP USDT Pair bounced well from support area on 1D TP, Support and Resistance are marked
TP 1 = 0.3500
TP 2 = 0.3580
TP 3 = 0.3650
TP 4 = 0.3700
Short xrp in 15 mins time frameTriangel break in 15 mins time
Target - green line in the chart
Stop loss - Red line in the chart
XRP in upsideXRP will tocuh recent top marked in the chart
It is clearly broken the the major trend and moving towards the next resistance.
Target is green line
XRPUSDTXrpusdt breached smaller resistance in 4hr tf with good volume and and bouncing from daila and weekly trendling support, so its bullish
XRP(Ripple) Something BIG is coming SOONHello Crypto-Community,
It’s wrong to check futuristic XRP price predictions without hovering over its near-past specially last year 2021...
XRPUSDT 1D:
Fundamental analysis:
For those who don't know, XRP is said to be centralized, it is closely associated with several banks, investment companies, and organizations worldwide, it is also strongly affected by SEC (US Securities and Exchange Commission) since 2020.
From April to June 2021, the market saw a strong drop in the XRP rate more than two times: from $1.83 to $0.51. This happened amid the ongoing litigation between the SEC and Ripple, In June, the SEC requested to extend the case consideration by two months, which the court granted. From June to the beginning of September, against the backdrop of a lull in the court, XRP’s rate increased from $0.51 to $1.39.
On December 4 2021, the asset lost around 30% within a day. Although all cryptocurrencies declined that day, Ripple was the worst-hit crypto amid the overall market plunge. Such a dramatic fall was caused by the unstable Ripple market position driven by the SEC lawsuit.
This indicates that this coin is highly sensitive to fundamental analysis (i.e. SEC decisions) !
As for technical analysis:
The first strong supply zone resistance is $0.557, and the second one is $0.725.
XRP formed a double top and double bottom which may indicate increase or decrease in price.
Bollinger Band squeeze indicates decrease in volatility for now before price action (up or low momentum)
Volumes seems to be normal no significant changes assessed.
In my point of view:
XRP (or centralized coins in general) cause in most cases "Headaches" and should be avoided for more risk managed trading.
Never forget that Ripple became stuck in a lawsuit with the Securities and Exchange Commission (SEC).
Based on what i stated, i would like to demonstrate my predictions on the chart above
Feel free to see it.
Best wishes to all traders worldwide
XRP/USDT - BullishIt plays as per analysis & inside channel in 1hr tf, main target of .43 to .44 remains intact
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XRP USD Realistic Chart with Multi Month Breakout Could HappenXRP USD Realistic Chart with Multi Month Breakout Could Happen. Detailed discussion available on CITA platform.
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.4673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.5077
TP2= @ 0.5289
TP3= @ 0.5495
TP4= @ 0.5872
TP5= @ 0.6148
SL= Break below S2
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