XRPUSDT - 2D ( Long Trade Target Range 2515 PIP )
🔹Hello traders, Let's review and go over analysis and strategies for XRPUSDT As we all know, XRP has ben is this downtrend for some time but now when it has come down to a weekly order block I'm expecting a major bullish reversal at this area ( 0.4975$ ) There is a few odds against this. The 200 day SMA and the 30 and the 50 and 100 is still on the bearish side But once they cross. Expecting XRP to go to the moon!
🔹NEWS : XRP declined by 0.19%. Partially reversing a 3.54% rally from Friday, XRP ended the session at $0.5308. Significantly, XRP bucked the broader market trend. The total crypto market cap increased by 0.63% to $1,579 billion.
There was no SEC v Ripple case-related news on Saturday. On Thursday, Judge Analisa Torres granted the Ripple Motion to file a Sur-Reply letter. The Sur-Reply letter highlighted SEC mischaracterizations in the Motion to Compel filing. Ripple opposes the SEC Motion to Compel. The SEC asked the court to order Ripple to provide.
XRP remained below the 50-day and 200-day EMAs, signaling a bearish trend.
An XRP move through the $0.5470 resistance level would bring the 200-day EMA into play.
SEC v Ripple case-related chatter and US lawmaker scrutiny warrant investor attention.
However, a break below the $0.52 handle would support a fall to the $0.5042 support level.
The 14-day RSI reading, 38.55, indicates an XRP fall to the $0.5042 support level before entering oversold territory.
🔹Reasons : Ever since XRP came into this weekly order block zone i have had an eye out for it And now when bulls are starting to take control, I'm expecting prices to go up to previous weekly high I have also marked this out on the chart as target one, since this will be the point where we're gonna take 50% profit of the trade. And this nice move to the upside is also supported by a major uptrend The reason why I'm targeting this area is because this is The main pulled back area. I have. also marked this out with the Fibonacci 0.5 - 0.618 + ABC - This was the main target for their ABC pattern, which occurred after the 12345 patters Had completed.
🌐Points of interest🌐
Weekly High : 0.5900$
Weekly Low : 0.5230$
Prev Weekly High : 0.6230$
Prev Weekly Low : 0.5455
Monthly High : 0.7000$
Monthly Low : 0.5800$
Major Trend line : 0.4980$
1 Q High : 0.5850$
1 Q Low : 0.3010$
2 Q High : 0.5685$
2 Q Low : 0.4110$
3 Q High : 0.9385$
3 Q Low : 0.4220$
4 Q High : 0.7315$
4 Q Low : 0 .4745$
🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
Share your opinion in the comments and support the idea with like. Thanks for your support!
🔹NEWS : XRP declined by 0.19%. Partially reversing a 3.54% rally from Friday, XRP ended the session at $0.5308. Significantly, XRP bucked the broader market trend. The total crypto market cap increased by 0.63% to $1,579 billion.
There was no SEC v Ripple case-related news on Saturday. On Thursday, Judge Analisa Torres granted the Ripple Motion to file a Sur-Reply letter. The Sur-Reply letter highlighted SEC mischaracterizations in the Motion to Compel filing. Ripple opposes the SEC Motion to Compel. The SEC asked the court to order Ripple to provide.
XRP remained below the 50-day and 200-day EMAs, signaling a bearish trend.
An XRP move through the $0.5470 resistance level would bring the 200-day EMA into play.
SEC v Ripple case-related chatter and US lawmaker scrutiny warrant investor attention.
However, a break below the $0.52 handle would support a fall to the $0.5042 support level.
The 14-day RSI reading, 38.55, indicates an XRP fall to the $0.5042 support level before entering oversold territory.
🔹Reasons : Ever since XRP came into this weekly order block zone i have had an eye out for it And now when bulls are starting to take control, I'm expecting prices to go up to previous weekly high I have also marked this out on the chart as target one, since this will be the point where we're gonna take 50% profit of the trade. And this nice move to the upside is also supported by a major uptrend The reason why I'm targeting this area is because this is The main pulled back area. I have. also marked this out with the Fibonacci 0.5 - 0.618 + ABC - This was the main target for their ABC pattern, which occurred after the 12345 patters Had completed.
🌐Points of interest🌐
Weekly High : 0.5900$
Weekly Low : 0.5230$
Prev Weekly High : 0.6230$
Prev Weekly Low : 0.5455
Monthly High : 0.7000$
Monthly Low : 0.5800$
Major Trend line : 0.4980$
1 Q High : 0.5850$
1 Q Low : 0.3010$
2 Q High : 0.5685$
2 Q Low : 0.4110$
3 Q High : 0.9385$
3 Q Low : 0.4220$
4 Q High : 0.7315$
4 Q Low : 0 .4745$
🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
Share your opinion in the comments and support the idea with like. Thanks for your support!
💲Telegram : t.me/DeltaDiamondd
