XRPUSDT - we are seeing a fall.As we can see, XRPUSDT started to rise significantly since April 5th. Over the past month, it rose to $ 1.9, then fell to $ 1, then rose again to $ 1.7, and now we are seeing a drop. The price is approaching the support line at $ 1.3 and may bounce and start growing again, but it is possible that the price will break the support line and fall to $ 1 as it was on April 23rd. Now it is better to wait and see how the price will behave, when a reversal occurs, you can take. XRPUSDT still has upside potential.
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XRPUST.P trade ideas
💡Don't miss the great buy opportunity in XRPUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.4982).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.5989
TP2= @ 1.6998
TP3= @ 1.7652
TP4= @ 1.8457
TP5= @ 1.9684
SL= Break below S2
Previous Forecast:
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Live Challenging Crpto Market Analysis Buy XRPUSDT @ 1.12428Live Challenging Crpto Market Analysis Buy XRPUSDT @ 1.12428
Target @ 2.000
Entry 2 @ 0.63606
Target Buy 1 & 2 @ 2.000
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XRPUSDT Quant box strategyThe daily chart of XRPUSDT it showing the asset is consolidating in a box pattern. Note the volume accumulation also at the same time.
This is a quant box breakout pattern it may break any side and the minimum movement will be 1R which has already marked on the chart.
This analysis is entirely for educational purposes.