XRP correction XRP price prediction shows the cryptocurrency is slowly recovering from its recent price dip.
Ripple appears to be struggling moving past the $1.4 region after rebounding from regions around the $0.8.
According to several prevailing technical patterns, Ripple is likely to consolidate than surge higher.
XRPUST trade ideas
💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5803).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 0.7069
TP2= @ 0.8169
TP3= @ 0.9298
TP4= @ 1.0681
TP5= @ 1.1959
SL= Break below S2
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Rising Wedge pattern @4hrXRP/USDT ON 4HR
Forming rising Wedge pattern and if the 4hr candle closes below the support line then this could be a short opportunity
Reason- As We See Volume of Bears are Coming Slightly .. even RSI showing bearish movement.
Entry - 0.6500$ to 0.6450$
Profit- 0.6200$ , 0.6000$ , 0.5800$ , 0.5600$.
Stop loss- 0.6650$
Rising Wedge pattern @ 4 hrXRP/USDT ON 4HR
Forming rising Wedge pattern and if the 4hr candle closes below the support line then this could be a short opportunity
Reason- As We See Volume of Bears are Coming Slightly .. even RSI showing bearish movement.
Entry - 0.6500$ to 0.6450$
Profit- 0.6200$ , 0.6000$ , 0.5800$ , 0.5600$.
Stop loss- 0.6650$
XRPUSDT starts to fall.As we can see on the daily timeframe on June 18, XRPUSDT broke through the support line at $ 0.7877. On June 20, the price continues to fall and there is no end in sight. If the fall continues, the price may drop to $ 0.57.
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XRPUSDT Technical Analysis
So here on XRPUSDT the price has formed a descending Triangle at the Support zone and has got 3 rejections. It is expected that the prices breaks above the Resistance line and goes higher up to 1.04
If the breakout happened at the lower time frame we need to see the candlestick patterns and if we see a Bullish pattern we can go long.
However if it breaks below the Support then after a Pullback it's expected to go lower down to 0.532
Have a Profitable Day
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XRPUSDT - Rise or Fall!From June 03, the price began to fall, and as we can see, a triangle has formed and now the price is trying to break it up. If it breaks and consolidates, there is a chance of further growth, but if the price breaks the triangle down, then we will face a further decline.
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XRPUSDT - Rise or Fall!As we can see on May 21, XRPUSDT broke through the support level and dropped to $ 0.78. Where the price bounced from and tried to test the $ 1 resistance level, but could not break it and rebounded. For almost 10 days, the price has been in the $ 0.78 - $ 1 range. If the price breaks the resistance level and consolidates behind it, then growth to $ 1.2 is possible, but if the price is able to break through the support level, it may fall to $ 0.6, and maybe even lower.
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Can we Start accumulation XRPUSD !In this short-term 4 hours chart, we can observe that this crypto asset (CA) has created all lower lows in price actions (PA) in the last several hours since the recent top it made. RSI is still showing no positiveness in the chart.
But if we check properly there is a parrel channel break that has been done by this CA in PA. This means there is a probability of support in the short-term has found by the CA.
Now the question is how to convert this "just probability" to Confirmed trade.
Check below there is an indicator plotted named Money Flow Index ( MFI) which is nothing but volume considered RSI.
We can see MSI is oversold and I have created a box there.
Now If the MFI indicator breaks the box and stands upward positively and same followed by the PA then it is clear that the positive volume has started adding.
In that scenario, we start accumulation this CA from $93 onwards.
Once again this is a very short-term analysis on that CA.
So Trade accordingly...