Hey everyone, I have noticed the very early stages of a potential Bullish Pennant on XRP. Goal is to buy in the $0.22-0.26 Range, Potential breakout will reach $0.45-0.50 Good Luck!
I think XRP is going to drop down to the $0.28000 Area because of another rising wedge formation, before it starts a path back up
Found a point of interest in XRP's current parallel trend lines
Here is a basic potential trajectory for a reversal, or temporary correction. Target is $0.27850 for a short term low.
We all need to be careful, and make sure that we follow a smart trading plan. I'm not convinced, YET.
Remember everyone, I WANT to be a moonboy too - but we're not out of the woods yet. Three separate parallel channels, and all 3 are set to reject us and send us back down. We still have not made a new high, and have not yet retested a low. Be careful with your trades, and watch those resistance points.
Potential Rising Wedge Reversal on XRPUSDT Right now, it's following all trend lines to a point of convergence that i found the other day. Support is drawn using green box, XRP hasn't had any kind of correction in the recent past, it would make sense for it to make a small downward move to help growth. Price target is $0.29 - $0.30 Thanks!
I decided to check out the DTCC dates in relation to XRP price action. It seems that the attitude around XRP is that its price has been held back... My recent points of convergence chart line up with the timing right around now, when we will be having the DTCC implement a new system on Feb 24th, 2020. I dont know if XRP is the system, or whats going on with the...
I'm still relatively new to TA, so don't crucify me lol. I posted a a daily chart of XRP earlier with a potential reversal point of interest, here is the 30 minute version of that chart so you can see trend lines, and point of convergence. Point of interest is Feb 15, 06:00 (6am) GMT, price point of $0.34500.
Hey Everyone, I'm still relatively new to TA, but i found this point of convergence at the top of a channel that could be a point where the XRP price starts to head back down after steady growth. We're still not technically out of the downtrend yet, so it's always possible. Point of interest is Feb 15, 06:00/6am GMT - price is 0.34500 on the Binance XRPUSDT Chart