Technical analysis:
. RIPPLE/DOLLAR 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.
. The RSI is at 45.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
Ability has been long term bullish on this! Latest chart work showing explosion pending! Lets see how this plays out!
Key areas highlighted for the near short term!
#Accumulation
Trade at your own risk!
Leave comments below if you see it differently!
XRP is still ranging inside a wedge, which as we know will give at some point. I am still very bullish on XRP. The zone when I am expecting a huge break out just happens to fall in line with the new UK tax year, very interesting if this happens to play out.
I have set out my targets which I will be using as trading ranges both long and short. one final drop to...
Not trading for now, just holding out as we're currently in 'No man's land'. As we remain consolidated between $0.3300 - $0.33500 I'm happy to stay out for now.
Awaiting a break lower ideally to the highlighted region shown around $0.32500-$0.32550.
Will be eyeing up potential long opportunities from this zone should it be met.
QUICK MOVE.
SMALL POSITION SIZE SCALP.
FAKEOUT AND CLOSE BACK INTO TRIANGLE SHOWS SIGNS OF CONTINUOUS DOWN TREND, AS WITH CRYPTO MOVES CAN BE QUICK.
SO IM TAKING A SMALL SHORT HERE TO SEE IF THIS BREAKS.
RISK MANAGEMENT WITH CRYPTO SHOULD BE 25% OF WHAT YOU WOULD USUALLY TRDE WITH AS SPIKES CAN HIT YOUR STOPS A LOT EASIER THAN IN TRADITIONAL MARKETS.
IF...
Taking a look at XRP where above you can see the Daily and 4 Hour Timeframes. Taking a look at the daily timeframe which again is on the left we can see that price has been very choppy and spiky. With XRP we see a lot more random spikes.
Price overall on the daily timeframe since February has shown some incline movement however over the last month or so price...
XRPUSD touched the trendline that was NEVER broken and now it looks like it's ready to go to 0.40 $ zone.
If it breaks the trend, next zones that needs to be retested are 0.47$ and then 0.60$.
The pressure is really building now with XRP, both the 7 and 30 day MA's are on the rise. I am looking for a break to the upside and have two targets in mind. T1 is in the 0.35 region, a bounce from this zone heading back down to 0.33 could be a great indicator of bullish momentum, with previous resistance then acting as support. If this plays out then heading up...
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