Hi Friends...! XRP is trading inside an ascending triangle pattern with the roof of the triangle at $1.05. If the price can break the 38% Fibonacci level it can rise to the C or the 61% Fibonacci level. Looking ahead, if the bears break the lower angle at $0.9, the first support lies at $0.8282 (2020 highs). In terms of technical analysis, bulls can be...
XRP IS BULLISH NOW THE MARKET IS CREATING HIGHER LOWS IN LOWER TIEM FRAME SO THERE IS A HIGH PROBABILITY FOR A BULLISH MARKET
either we wait for a breakdown or breakout depends on the supply and demand , watch market structure threw the day buy at support , better edge
Ripple managed to touch the bullish trend line at 0.65 forming a triangle pattern on the 4H chart. There is a high possibility that it might test the resistance at 1.21 before breaking the pattern with a bullish continuation.
Optimistically, after breaking three trend lines, it can start its upward trend. Or it may not have enough strength and continue to fall
BINANCE:XRPUSDT Just a simple analysis of the XRP/USDT chart on daily scale. Many alts are in a similar situation but just thought I'd share these with you guys. I've got an overall bullish bias towards XRP but it's always good to consider the worst case too. Watch for decisive daily close above or below triangle. Bullish break should lead to $1.5-$1.7...
XRP is obviously in a downtrend right now. This trend isn't that strong but it still makes it risky. This coin is going down with a downtrend regression just like many other coins. I'm seeing more drop coming because the price is getting closer to the Dynamic Resistance, and for breaking that it needs more Buy Volume, which we don't have right now. All platforms...
XRP just smashed 3 of my last trades 2 short 1 long. I will place another short until we go back to my initial plan, If this one fail as well I will give up trading XRP since its too noisy to trade the short term waves.
Hi friends XRP price chart is now in the uptrend triangle so the priority is to upturn but if the channel floor breaks for any reason a price drop of up 0.70$ is possible be careful first of all, prioritize BTC terms.
Entry: after breaking the triangle's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border. Take profit: identified by measuring the vertical distance between the triangle's upper border and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either be the...