The structure of the falling fractal remained unchanged. Therefore, I expect a corrective rise. If the amplitude of the corrective rise increases and passes the level of 0.26237, a further rise in the exchange rate is expected. I'll come back to that later.
This technical analysis does not involve fundamentalist factors, which are the most important and relevant. As there is no data on it, I just relied on calculations of previous cycles plus the Bulls season data (In general, not only in crypto. I already made a few posts with data about this topic).
If you think $ 360,2232 it's an absurd value, what would you say...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2236). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XRPUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
We are looking for a touch of our trend line in our highlighted resistance zone and from this zone we are expecting bearish movement.
XRP is a joke that is really not funny, 1 of them jokes you tell but you are the only 1 who ends up laughing at it, Crypto is doomed and will never stick around, and all you that believe it will are just blinded by bullsh@t. If you...
I expect fractal repetition in the exchange rate. It is characterized by a 1: 1 repetition of the starting fractal. This is suggested by the indication that the moving average curves close at the same ATR distances. In short, the motion environment is similar to that of the previous fractal. If the analysis is correct, the target price rise for the exchange rate...
We have reached the structure low of the falling wedge. I'm looking at a double bottom formation (reach back to the previous daily low) which llines up nicely with the previous weekly low (both of these are labelled on the chart). These levels are very key for the long-term analysis (on the Weekly and monthly timeframes). XRP right now is very, very cheap compared...
buyers currently supporting $0.21 level.
short term setup, longer term we may go lower if we break $0.20 the next support may be around $0.15
this is a good level to accumulate xrp as the long term value will be huge due to its potentail uses.
Overlooking the entire chart data we have on XRP, we can see that the largest impulsive price movements are found every 261 days on average, indicating that end of January/Start of February may show another large impulse to the upside.
XRP has seen on a weekly perspective a form of higher highs for me this is here a perfect opportunity to long it until at least the 0.30 cents. I would then simply wait for it to correct so i wouldn't move my stop loss like near the 0.30 cents also possibly taking some profits off the table and my 2nd target would be 0.36 cents region from there i would start...
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