Please take time in reading my analysis. This is what I BELIEVE the market will play out with, a lot of fundamental data and a lot of different approaches are being made to this market place right now. I very rarely look into Coins however, I've just had my phone blow up with calls asking for advise etc lol
So why not just publish this and hopefully get...
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...
XRP has some upside ground to cover before it creates the next downside dump.
I would like to see a push into the prior order block highs before continuation into the level marked, as illustrated.
I assume the majority of people would be selling from this break and retest at the current price but I'm sure the market will do some manipulating before the true...
We fell out the bear flag, successful short, however that leg is finished for now having a solid bounce from 0.53ish
The next move is around this pennant
We either break upwards which could send us to re-test the most recent high of 0.80, or we fall out the bottom and create a huge descending triangle with the major level 0.46 as the bottom line
For the bullish perspective, it has broken 1 of thje 2 trend lines down form 0.8
However if you include the wick up from the most recent high, it hasn't broke out
If this was to break, should be an impulsive move upwards, remember to reduce risk trade most capital on a restest
From the bearish side, it is just being supported by the bottom line of a huge bear...
XRP/USD PRICE - EDGED HIGHER
On Friday, Ripple hit an over five-month high of $0.2570. Ultimately, the price closed a weekly candlestick in the green with a 23.7% gain.
Alongside this, the Relative Strength Index (RSI) remained in overbought territory emphasizing the strength of bullish momentum.
At the start of August, Ripple opened with an upward gap and...
On the daily chart of XRP\USD a diamond patter has seems to have formed. This usually indicates a major bullish indicator and a possible trend change. With the 21, 26 and 55 moving averages being very close to each other under the 100MA we should expect all three to cross. The RSI does still have room to move on the up side before hitting oversold could indicate a...
An ascending channel has formed with a lower long-term parallel trend line being touched, Fibonacci trend lines touch up with multiple major support and resistance levels. If projected properly, price may see ATH July next year with a rally start in the coming months.