XRP - Something BIG Will Happen Soon Hi, we are still stuck below the resistance 0.47-0.475 in 19 days, but I think something very big will happen soon, as MACD is turning green in the next couple of day, RSI is still above 50, SMA50 held vey well until now and the uptrend is helping us to reach the targets we want. If we break 0.47, next resistances are 0.63 and 0.75. Once we clear 0.75 we are ready to takeoff, so be patient and don’t panic 🙌🏼
Rippleusd
Ripple price move closer to a 20% upswing
Ripple is on the verge of a massive move if a technical pattern on the 4-hour chart matures.
XRP must settle above $0.5 to come out of the woods, focusing on higher levels toward $0.6.
Ripple has been among the digital assets that managed to comfortably weather down the widespread declines at the beginning of this week. The cross-border token corrected toward $0.4 but established robust support.
An immediate recovery took place with XRP jumping above two key levels at $0.45 and $0.5. XRP traded a weekly high at $0.532, but a correction ensued, forcing bulls to seek support at $0.45.
In the meantime, Ripple is trading at $0.47 amid a renewed uptrend. Its immediate downside is protected by the 50 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart. On the upside, eyes are glued on breaking the hurdle at $0.5 and hopefully kick start the journey to $0.6.
Simultaneously, a double bottom pattern has recently been formed on the 4-hour chart. The pattern is very bullish and comes into the picture when an asset price dips to the support level twice but is separated by a sharp peak. As the price approached the support for the second time, the downtrend fizzles out, and bulls aggressively rush in to take over control.
Double bottom patterns have precise breakout targets, measured from the neckline to the bottom point. A breakout is anticipated when the price slices through the neckline. For instance, Ripple eyes a 20% upswing toward $0.6.
Ripple intraday levels
Spot rate: $0.473
Relative change: 0.0123
Percentage change: 2.7%
Trend: Bullish
Volatility: Low
💡Don't miss the great buy opportunity in XRPUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.44820).
. 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 0.49400
TP2= @ 0.52230
TP3= @ 0.58220
TP4= @ 0.65070
TP5= @ 0.75510
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XRPUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.44820).
. 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.49400
TP2= @ 0.52230
TP3= @ 0.58220
TP4= @ 0.65070
TP5= @ 0.75510
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XRP USD TARGET IS ...According to the situation of the chart in Ripple, if the range of 53 cents is broken further The first goal can be $ 1.3 in the short term
Otherwise there is a possibility of correction up to 32 cents with the failure of support of 42 cents
The above is for information only, please do not use the above to buy or sell as there is a possibility of capital loss
RIPPLE | Symmetrical Triangle Consolidation..!!#XRP (update)
From Last 40 Days, Ripple is Consolidating in Symmetrical triangle.
Volume has also been Decreasing & In Case of Upside Breakout, Expecting +100% Bullish Wave in Coming days.
Expecting Upside Triangle Breakout So Grab it with Low Risk & Hold with Patience..!!
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
XRPUSD - BUY OR SELL?As seen on the chart, we have two symmetrical triangle within the supply and the demand zone.
The market is not giving a clear signal. Therefore I'm asking the question, BUY or SELL?
What do you think?
If you are seeing this,
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
XRPUSD a monthly perspectiveThis is just a fun look at the chart on a monthly time frame.
I would imagine that this chart could be quite inaccurate based on the time frame and the volatility of the asset, however, its just interesting to see that activity started to ramp up 8 months before XRP really took off. At the moment we are around 4.5 months in.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
XRP - Buy The Dip Hi, I updated you last week about the most important trendline. We have now backtested the trendline multiple times + we have also a beautiful uptrend that held very well. SMA50 and SMA100 helped us to recover from the support level $0,40 and I think we are going to see a bullish momentum in the next couple of days. I expect we are going to do the same structure as before to break the resistances $0.63 and $0.75. We need that 🙌🏼 Be patient and don’t panic 🚀
Ripple retests crucial support ready for 14% upswing
Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing.
A golden cross pattern will signify the return of the bulls in the market.
The MACD indicator signals the possibility of consolidation taking precedence in the short-term.
Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47. The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels.
The cross-border cryptocurrency is exchanging hands at $0.45 at writing. On Wednesday, the bullish action stalled at $0.46, forcing the price to retest the inverted head-and-shoulders (H&S) pattern’s neckline.
A reversal is expected in the near-term because the bullish H&S pattern still has a 14% target of $0.51. Note that a bounce from the neckline support is regarded as bullish in technical analysis and could boost XRP significantly upwards.
The hourly chart shows the possibility of a golden cross pattern forming in the short-term. This pattern comes into the picture when a shorter-term moving average crosses above the longer-term moving average. For example, the 50 SMA is about to cross above the 200 SMA.
Bulls have to focus on sustaining the price above $0.45 to focus on breaking above the hurdles at $0.45 and $0.5. The impact of the inverted H&S pattern is still apparent. Therefore, the least resistance path is upwards.
The Relative Strength Index (RSI) brings to light the possibility of consolidation taking precedence before the breakout occurs. The same sideways trading is echoed by the Moving Average Convergence Divergence (MACD), as it levels marginally above the midline.
Ripple intraday levels
Spot rate: $0.448
Relative change: -0.00034
Percentage change: 0.1%
Trend: Short-term bearish bias
Volatility: Low
Deciphering XRPUSDSeems to be a lot of correlations between RSI and price on XRPUSD
However it can be seen that there is a recent disconnect, with a head and shoulders pattern favored on the indicator
It is likely that this disconnect will allow the freedom of price relative to RSI to continue
No more direct correlation possibly
XRP is in a weird situation, however, it does have longevity, with bank integration and instant payment processors, potential can be seen.
I am long this coin based on the previous knowledge and how damn cheap it is.
XRP draws closer to 30% downswing amid deteriorating technicals
Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575.
A breakdown to $0.3 is anticipated, especially if the triangle pattern's lower trendline is shattered.
Ripple's uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575.
The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on keeping the price above $0.4. However, if the price slices through this area, massive losses will be triggered, primarily because of the formation of a symmetrical triangle pattern on the 4-hour chart.
The chart pattern is created by converging a couple of trendlines, linking sequential declining peaks and troughs. Generally, the trendlines are supposed to cross at an approximately equal slope. The formation brings to light a period of consolidation ahead of either a breakout or a breakdown.
A breakdown occurs under an ascending trendline and identifies the commencement of a downtrend. On the other hand, a breakout happens at the descending trendline and indicates the start of a bullish trend. Symmetrical patterns tend to have precise price targets for the breakout or breakdown, mainly measured from the highest point to the pattern's lowest point.
Therefore, Ripple will drop by 30% if the lower trendline is smashed. A spike in volume usually confirms a breakdown. The downswing also tends to be rapid and must, therefore, be timed accurately to make the most out of the move. Note that traders must way for confirmation to avoid false breakdowns.
On the flip side, the downswing may be ignored if XRP holds above $0.42, ignoring the triangle breakdown. Moreover, trading above the upper trendline will catapult Ripple 30% to $0.575 and perhaps jumpstart the breakout to $1.
Ripple intraday levels
Spot rate: $0.428
Relative change: -018
Percentage change: -4
Trend: Bearish
Volatility: Low