". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XRPUSDT 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...
XRP USD Looks like its ready to follow Bitcoin BTCUSD Higher Into New Highs Imminently.
Although our initial Buy zone was not triggered we like the Risk to Reward from here.
Also note that the initial Take Profit zone setout in the chart is just that and most likely a Major Pivot where we would anticipate adding to our position with the right timing.
Although XRP has been in the headlines a lot recently regarding US regulators we still like the long side of this Crypto currency and have been adding to our exposure since its major selloff.
However we dont see a great location to add to our position around these levels.
Unless one is prepared to have a considerably high risk tolerance to this Crypto we would...
. There is a possibility of temporary retracement to suggested support line (0.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XRPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
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Look at Ripple's price action when it is divided into three parts: a symmetrical triangle surrounded by a downward move on either side.
The first downward move is a useful guide of future moves since we know it has completed. This move is measured by the yellow box labelled 'price range 1'. This range is copied...
Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support...