Price tested the flip support + fibonacci retracement (61.8 %) + uptrend support. Price is printing the inverse head and shoulder reversal pattern. Breakout above resistance neckline could be a bullish signal ⬆️.
Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big.
Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset.
A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
The market has been on a mid-term uptrend since March and is currently experiencing a pullback to the trendline support. The price is testing the flip support + 0.618 fibonacci retracement level + trendline support. A bounce off the trendline support + Breakout above the pullback channel resistance will be a good bullish↗️ . A breakout below the trendline support...
Now people before you begin to think im crazy let me explain my theory, dxy is likely to fall from 94 down to 90. xrp price when dxy was at 91.5 was 0.34ish, if we get one more down leg in dxy to 90 i believe this makes the fair value of xrp around 0.39 at the 1.618 extension. this will be met with superior resistance. and price will melt away until another day.
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do.
If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below.
Lets see what PA develops at the start of October 🤞
At the beginning of 5th Wave Impulse here. Fibonacci levels for goals and expected time for completion. Invalidated if we drop below start of fractal, red line. I will be watching this space carefully and modifying goals, as the market action unfolds.
XRPUSd has done exactly as expected and as explained in one of my previous pots. After a break of the support, we saw price push back up to retest the consolidation before pushing down to 0.2350o/0.23000. We may now be looking at further shorts possibly down to areas of 0.17000.
Here's a trade I've been waiting patiently for since we broke above $0.30 per coin.
I believe once we enter this weekly discount area between $0.217 and $0.202 we could see an explosive move to the upside. Pay particular attention to the monthly demand high at $0.2147 and $0.2024 - These were the levels that Smart Money was buying up as panic swept the market and...
Xrp looks have broken the range that had been forming through August, potentially looking to come back and retest the zone before shorting further. It may just be pushing down to remove orders from the market as it has not yet retested the previous swing high.
So XRP came down along with everything else when BTC dropped hard
does not matter as the TA suggested it was going to at some point
after this drop we have seen consolidation phase
this leads us to the next bounce up within 24 hours I would say
this last week has been pointing to 25th - 27th for a move up may extend to 28th market depending