Interesting setup here on XRP. I normally don't trade this coin, but its chart has been showing something very interesting. There seems to be a big move stirring up.
Looking at the 2D RSI, we can see that we are oversold. Also, if we look at the past year, we can observe that significant moves have occurred from these RSI levels.
Currently, XRP has closed three 2D candles above its old resistance, flipping it to support. This is a bullish sign. Additionally, the 0.75 Fib Fan is holding strong.
XRP is exhibiting some very interesting behavior on a macro scale.
. It seems to be following a fractal from 2015. I have been monitoring this all year but haven't conducted a technical analysis on the macro outlook yet. However, it seems that a price of $13 by 2025 is very possible.
It appears to be quite bullish, similar to the previous one.
As always, if you're interested in trading , I would suggest buying XRP3L tokens on Bybit and then sitting back and relaxing. However, keep in mind that XRP tends to have massive swings, so there is a high chance of getting stopped out on normal leveraged contracts.
Looking at the 2D RSI, we can see that we are oversold. Also, if we look at the past year, we can observe that significant moves have occurred from these RSI levels.
Currently, XRP has closed three 2D candles above its old resistance, flipping it to support. This is a bullish sign. Additionally, the 0.75 Fib Fan is holding strong.
XRP is exhibiting some very interesting behavior on a macro scale.
. It seems to be following a fractal from 2015. I have been monitoring this all year but haven't conducted a technical analysis on the macro outlook yet. However, it seems that a price of $13 by 2025 is very possible.
As always, if you're interested in trading , I would suggest buying XRP3L tokens on Bybit and then sitting back and relaxing. However, keep in mind that XRP tends to have massive swings, so there is a high chance of getting stopped out on normal leveraged contracts.
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Same pattern all year for XRP 30% move up , then correction down to marco trendline over 50days before the next big move up , last pump was double 60% and now we closing in on 50days , could the next pump double also 120%? very possible .
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crazy touch points on this Fan Fib , so far so good like clockwork every 50 days
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Break this level most likely retest top of triangle
again we looking for marco move so these small moves dont really matter but update anyway
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XRP at this exact price point moved up 120% in April 2018 and in 2021 it moved up 300% and it happened in 28days both times , the move to top of the marco triangle is 120% off and the major FIb time date i'm following is end of june 2023 about 42days off , so it would fit perfectly to run up to the marco triangle and then go back down into range . Thats 450% move with XRP3L tokens on bybit.
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146% move from entry of this TA which would be 438% rounding off to 450.
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USDT dominance rising wedge break will start this final leg
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You might think there is plenty of time to get into the market but there isn't , we only have just over 40 days for the top of this year after that retracement , range and possible blackswan before next run . This move will be extremely aggressive but short lived.
Nearly a year old now :
Nearly a year old now :
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Rising wedge has broken, the final wave has started , it will be "only" up till late june 2023 if im correct
Order cancelled:
run for the hills
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some crazyyyyyyyyyyyy weekly candle here for XRP , hammer or dragon?
lets see the close