XRP JUST CONFIRMED BULLISH TREND ON 1D TMFA new Bullish Trend, the price failed to trade under the green line/MA. That's the fastest MA which mostly defines trends in short terms. However, on a 1D Timeframe, the fastest MA means a lot as it helps to analyze the behaviors of the trend and the market.
Rippleusd
Ripple closer lookXRP may undertake a move within this triangle,
this triangle is the bottom of a rising broadening wedge or a megaphone
the structure has already experienced three tops, so breakout potential becomes less likely
Having a look at XRP on the weekly chart however, it can be seen that a bullflag has formed
XRP - Backtest doneHi, right now we are in a beautiful triangle and in the next couple of days we are going to see a breakout and I hope it is going to be above $0,60. After one week, we have now backtested the BIG resistance that we broke last week and it shows us that the support level $0.47-0.48 held very well. Once we get big news like exchanges relisting XRP, then we know it is time for big breakout. The next resistances for XRP are $0,65 and the big one $0,75. So be prepared and don't PANIC ;)
XRP explores downstream levels amid the hunt for higher support
Ripple rejected at the resistance between $0.55 and $0.6, resulting in declines to $0.45.
The MACD has reinforced the downtrend following the dip to the zero line on the 4-hour chart.
Ripple made an about-turn move following the failure to sustain gains above $0.55. Initially, the cross-border token had stepped above $0.6, but again the momentum lost steam, opening the door for the ongoing declines.
The freefall intensified, with XRP losing more than 12% in 24 hours. Several support levels were shattered, including $0.55 and $0.5. On the downside, $0.45 is functioning as the crucial support area in the short term.
Ripple needs to hold the ground above the 100 Simple Moving Average (SMA) and the 200 SMA on the 4-hour chart to remove excess pressure on the level around $0.45. Otherwise, losses eyeing -$0.4 and $0.35 are likely to come into the picture.
The bearish outlook has been validated by the Moving Average Convergence Divergence (MACD) indicator’s negative gradient. More sell orders will be triggered if the MACD falls into the negative territory. Besides, the least resistance path is still downwards based on the MACD line (blue) crossing under the signal line.
It is worth mentioning that the pessimistic outlook will be invalidated if the support at $0.45 holds firmly and bulls force a trend reversal above $0.5. Price action past the 50 SMA on the 4-hour chart may trigger buy orders as investors speculate the rise to $0.65.
Ripple intraday levels
Spot rate: $0.48
Support: $0.45
Resistance: $0.5 and $0.55
Trend: Bearish
Volatility: Expanding
Ascending Triangle We have a huge ascending triangle on the weekly with a rising RSI. The MACD is also in the positive zone, recently bouncing off the signal line.
We are looking for a strong impulsive wave to the upside after breaking the triangle.
Things are also looking positive with the recent SEC vs. Ripple case as the SEC recently acknowledged that third parties like exchanges (coinbases, binance us) are not breaking the law if they sell XRP. As BTC consolidates and we are approaching alt season, and with the reslisting of XRP, we may just get our catalyst for the next XRP bull run.
The FUD is behind us and chances of XRP going lower are minimal.
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XRP primed for a 74% move as key technical pattern matures
Ripple continues to with the uptrend following a break above the stubborn resistance at $0.5.
An ascending triangle pattern eyes a massive upswing to $1.12.
Losses under $0.5 may see the bearish leg extend back to the 200 SMA at $0.35.
Ripple is nurturing an uptrend aiming for new yearly highs. This upward movement appeared after the cross-border token overcame the stubborn resistance at $0.5. Meanwhile, XRP is doddering at $0.57 amid the persistent push by the bulls to overcome the near-term hurdle at $0.6.
The Relative Strength Index shows that XRP is in the bulls’ hands. At the time of writing, the RSI is in the overbought region in the wake of liftoff from the oversold area. As long as the indicator remains in the same position, we are likely to see Ripple continue with the up-trending market.
Simultaneously, Ripple has printed a vivid ascending triangle pattern. This pattern is bullish and usually results in a colossal breakout. It is formed by two trendlines; one connecting the relatively equal peaks and another linking the ascending lows.
A breakout comes into the picture when the price slices through the horizontal line (x-axis). Triangle breakouts tend to have exact targets measured from the highest to the lowest points, as illustrated on the chart.
As for Ripple, price action above this technical pattern would result in a massive upswing, targeting a multi-year high of $1.12. Some resistance is anticipated at $0.65 and $0.75, however, once eliminated, XRP would commence the majestic uplift.
If push comes to shove and the expected breakout fails to come into play, we can expect XRP to delay the ongoing uptrend. Losses under $0.5 will seek refuge at the 50 Simple Moving Average on the daily chart, the 100 SMA, and the 200 SMA.
Ripple intraday levels
Spot rate: $0.57
Relative change: 0.036
Percentage change: 6.8%
Trend: Bullish
Volatility: Low
MAJOR XRP BREAKOUT TO OCCUR IN 2021 - CryptoManiac101XRP / USD TA
Just think for a second...
Price per XRP as of time that I’m making this chart is $0.47
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 2,127,659 XRP available just for that one transaction
At $1/XRP that same institution would need 1,000,000 XRP
At $10/XRP that same institution would need 100,000 XRP
At $100/XRP that same institution would need 10,000 XRP
At $1000/XRP that same institution would need 1,000 XRP
And that’s just the payments side we’re talking about, if you’d knew what was on the horizon, you’d be truly shocked and pleasantly surprised!
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 🙌🏼