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XRPPERP

Ripple - Creeping Up...XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities. Its worth bearing in mind that if we break the ascending trendline, we could see XRP fall back down to the double bottom region. Right now we can monitor the lower timeframe chart for bull flags to take this higher. We have clear invalidation level which will negate our bullish outlook - break fo the ascending trendline.
BINANCE:XRPUSD.P
by Altsignals
RIPPLE - How To Trade This Parallel ChannelIn our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and it dropped over 30%! Now we are approaching the support of the parallel channel where we may see a bounce. We have 3 key areas we are looking at. Descending Trendline We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher. Parallel Channel Support Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up. Double Bottom We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
BINANCE:XRPUSD.P
by Altsignals
RIPPLE - How To Trade This Parallel ChannelIn our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and it dropped over 30%! Now we are approaching the support of the parallel channel where we may see a bounce. We have 3 key areas we are looking at. Descending Trendline We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher. Parallel Channel Support Another area we are looking at is the parallel channel support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up. Double Bottom We also have a lower timeframe structure we can monitor for a double bottom. Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
BINANCE:XRPUSD.P
by Altsignals
8
XRP – Potential 154% gains This is one for the HODLers BUY: 0.7793 – 0.8439 TARGETS: 1) 1.2163 2) 1.3966 3) 1.6196 4) 1.9802 STOP: When a 4h candle closes below 0.6504 Rationale: -Price is consolidating under a diagonal trendline, in an area between 0.618 and 0.786 fib retracement of the larger move. -RSI is increasing -The broader market is showing signs of strength, so a break to the upside is more likely. -Stop should be placed below the prior swing low, and should only be triggered once a 4h candle has closed below this level. Your risk, your reward. This is not financial advice. Happy trading.
FTX:XRPPERPLong
by ForgeTrades
XRP - Is This The End? 💀Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price. For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
BINANCE:XRPUSD.P
by Altsignals
XRP - Is This The End? 💀Recently all crypto took a hit due to various reasons, one of which being Elon's manic tweeting! Although the fundamentals have given the crypto market a big blow, there is still hope! This could be seen as a deeper correction where we can buy at a discount price. For XRP, we have seen a very large wick to the downside where we tagged previous structure. On lower timeframe, it still looks bearish and it is likely that price will fill that wick. Will monitor closely and wait for the wick to be filled.
BINANCE:XRPUSD.P
by Altsignals
1