Xrpusdlong
Thoughts on XRPI personally have never understood XRP or been part of the community. That said, it is a top 10 mc coin, with a huge following and huge community behind it.
We have tested this really low historical price point. Im thinking we test it again, forming some nice bullish divergence across lots of different times frames.
XRP must hold the major support boxXRP 3 day chart:
take a look at this 3 day chart
..even with the SEC smoke n mirror
garbage, we should look at the big picture here.
XRP must explode out of this bullish formation,
and when it does, look at the Fibonacci price
levels in the Gold Rectangles...Patience creates
generational wealth more than anything, and it
shows you what your made of. RSI bullish
Stoch RSI is bullish as well.
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.632 (stop at 0.619)
A break of the recent high at 0.632 should result in a further move higher.
We are trading at oversold extremes.
A bullish reverse Head and Shoulders has formed.
Our profit targets will be 0.664 and 0.674
Resistance: 0.630 / 0.650 / 0.660
Support: 0.615 / 0.600 / 0.585
XRP LONG - CLASSIC REVERSAL PATTERNOnce again we have another head and shoulders/trend break/whatever you want to call it.. Coming into weekly support zone and psychological number "60" cents which has been proven to hold, and reject. Obviously XRP wont move without BTC and BTC is at critical support levels that will most likely bounce before vicious breakdown. R:R is perfect for this trade IMO with a tight stop under support which would invalidate the trade.
XRP LONGXRP same applies pretty much the same pa as btc and most likely most other alts so check your charts.
Will wait for price to correct to the OB 0.74455 with SL below the low of New york sessions low 0.7364 , we want to see a strong reaction away and start printing some bullish price action once retested
If we break the low well wait for the SSL is ran at 0.72815 before again looking for longs
A macro view of the XRPUSD chart - WeeklyWith the lawsuit about to finish in the next few months or potentially see a settlement, here is my idea on where the price of XRP will go to.
On the weekly chart we are currently in a very tight spot where the price is coiling up for a big move to the upside. The MACD on the same time frame has also made a bullish cross and despite the recent retracement of the price that signal suggests a strong buy. I am also expecting to see the price of XRPUSD decouple from what both BTC and ETH are doing after the initial period after the lawsuit win against the SEC. The win will also trigger a bullish rally on all the alt coins too as that will be seen as a greenlight to all the markets. It is possible that even BTC will benefit from this positive outcome.
My first immediate targets are $1.30 and $1.76 in the next 4-6 weeks. If a settlement will be reached and Ripple and XRP will have the regulatory clarity in the US, then I will expect to see the price surpassing the previous all time high and go towards the $6 - $7 area. After that I will expect an initial pull back to the previous ATH $3.80 - $4.00 and then another leg up to $11 - $13 for this cycle.
For the BTC price to move substantial higher, we will need to see an approval of a spot ETF in the US or another country or countries to declare it as legal tender.
Good luck!
XRP DAILY ANALYSIS!!- XRP can breakout of that triangle and go up or down!
- If it closes above and retest the trend line to the upside then we could see a 200-300% move to the upside!
- If it closes below and retest the trend line to the downside then we could see a massive crash, possibly a BLACK SWAN EVENT what people keep saying may occur!
XRP KNOCKING ON THE DOORS OF HEAVEN XRP Bouncing off the weekly orderbock in a bullish manner and respecting the 50% level BEAUTIFUL.
As we look for a whole market correction we have liquidity residing below the lows at .70 werre well look to start filling some order down to .66 in the FVG.
For leverage trades
ENTERY .66
SL .62
TP 1 $1