XRP - READY TO EXPLODE OUT OF FALLING WEDGE - CryptoManiac101XRP / USD TA
We are approaching the end of the falling wedge with signs of breakout attempts. Stop Loss still needed of course if you're not a holder.
Xrapid
XRPUSDT - A Full Elliott Wave BreakdownAll details will be explained below.
This is not a financial advise!
Trade The Plan, Enjoy The Wave
XRP ATH IS COMING THIS SUMMER - GOLDEN CROSS - CryptoManiac101XRP / USD TA
We are on a cusp of a major bull run which will affect XRP the most this season. The only asset 'lagging' behind is about to explode!
XRP possible sleeping giantXRP has had quite some trouble lately, partially due to the SEC classifying XRP as a security. Though yesterday came out the news that the SEC is doubtful about its verdict. This might have been a set-up or a divergence to deliberately keep XRP on the background and setting up some hedge funds and futures to shoot big money in the pool when the time is ripe.
Technically older chart patterns as Bitcoin itself with all the older beartrends and bottoming out, it has always done a very elongated inverted H&S. As XRP has touched already 3 times in a row the price level of 0.8 usd and got rejected I am quite sure the 4th time will be a go. There's also a comparison with previous bullrun where XRP hesitated for a moment and had a revisit to a certain price level as well before shooting up.
I can not guarantee this bullrun, but it is technically possible and I might not be surprised of the suprises Ripple has in for us. Btw, XRP has always been a late bloomer, but when it comes, there is no holding. Many people have lost hope in this coin or are totally against the fundamentals as it is a banking coin, well they have literally the most practical use cases and hundreds of contracts. Many Asian banks have been using xrp in test phases and for cheap transfer already. But there might be a next step where institutions might want to hold on those tokens as assets.
Also we know that xrp is xrapid and not xcurrent, which is the coin practically used for banking, but the success of the company is related in its tokens as well.
3 years ago there has been specualtions and predictions of a price point of 7, 10 and even 14 usd.
Think about it.
Short and SupportFollowing the recent XRP rally I have mapped out some possible short entries and support zones to take profits.
XRP rallies tend to end with a short and sweet wick which is highly volatile. Low leverage is necessary.
The road ahead for XRP will be rough. The ongoing battle with SEC will shake investor confidence overtime.
- BreadCharts
XRP ECG - IS THERE A PULSE COMING?after years of essentially showing no signs of life
will XRP print a blip on the electrocardiogram?
on the linear scale XRP is dead
maybe it will resuscitate?
XRP 4hr accumulation channelXRP’s correction from $0.30 was a necessary move to create fresh demand. It is also part of a consolidation move after the rally from $0.22 to levels marginally above $0.30.
Strength shows oversold still.
Wait for market to go sideways or to breach .25 again
Here is your channel XRP lovers. Gotta be on the other side of before buyers have enough strength to change the channel trend.
Lets keep watching this baby :) I wont miss this train!
XRP 4hr follow updateWe hit our orange eye price watch zone. This was the 61 to 78% pullback zone that we speculated with a bullish impulse back up. This DID happen. Now it has changed the pattern to something new so I have updated on how we might get the next move coming closer to SWELL 2019 in Nov. on the 7th. of this year.
Sellers sit at .3365 to as high as .37
Buyers sit around .1875 or as low as .16
XRP will dip to lowerXrp will test 10 cents as major support. in the worst case, it can dip to 0.05 cents.
HODL XRP // The oldest graphic is that of Poloniex200EMA on the weekly to be strong support zone. We are bottoming out. The moon is getting closer.
2021 - 200$
2022 - 15$
2023 - 10.000$
XRP poised to break from fallingwedge; strong resistance @ targtXRP finally sees a bullish sign as it appears it will likely trigger a breakout from this wedge and rise to the 28 cent area where it will likely be met with strong resistance from the 1 day 50ma and 2 horizontals right in that same region.
XRP - Final Support? Only Up From Here?XRP, as we've already said, has HAD an awful year. This could be a possible area that it does turn around and a great way to grow some extra Bitcoin from the rise up again.
I'd keep a tight stopless until the trend is confirmed.
$XRPUSD 0.33 consolidation target, fib and 200sma/daily-50sma/4H$XRPUSD $0.33 consolidation target.
$XRPUSD $0.33 consolidation target.
$XRPUSD $0.33 consolidation target.
XRP is in accumulation, we need to hold supportIt is evident that XRP is in accumulation. To continue an upwards trend, price must hold its current support, otherwise price will drop to the supports shown.
