We are going to approach XRPUSDT differently. If you read the Solana trade-idea, you know that we are using a strategy based on accumulation to enter a LONG position. With XRP we are using a different approach and this is because these two charts are quite different. For XRP, we will wait for confirmation. Let me explain.
The retrace/correction/consolidation period can last for as long as it wants, we have no way to determine when it will be over. Sometimes we go into the chart and start to calculate time predictions based on past action and we feel very confident and the market moves completely different to whatever numbers we came up. That's why we focus on resistance and support rather than specific dates. The levels where a pair will find support or resistance are easy to spot, but it is very hard to predict when exactly the market will move because this happens based on many varied events. It can be the choice of a single entity or a group, it can be a market development, some news event, etc. Information we don't have access to.
When will it grow? We can make some approximations.
Is it growing? When the next move is in and confirmed we can tell with a very high level of accuracy. While we cannot predict exact timing, when it is happening the market gives very strong and clear signals; the point of no return.
There is a moment when the decision is made and there is no going back. This is how we will approach our next XRPUSDT LONG Leveraged trade. We will wait for market confirmation and profit all the way to the moon.
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Namaste.
Trade active
There is no volume on the drop and the action continues to happen above the 10-Dec. low.
The next bullish wave can develop without the final drop that I mentioned in a previous trade-idea. It can happen that we are already in the consolidation range and no more shakeouts show up.
The accumulation zone (trading range) is set right now between 1.90 and 2.40.
XRPUSDT is ultra-bullish above 1.90 (10-Dec. low). If it moves above 2.36, this is hyper-bullish as well and can signal the next move is already unraveling.
The next advance can happen within days just as it can take months. That's the tricky part.
We continue 100% bullish on XRPUSDT.
Namaste.
Note
XRPUSDT grew 490% within 30 days.
Consolidation within a retrace has now been going for 28 days.
On the weekly timeframe, we see this as 5 weeks green followed by 3 weeks red.
So the next move is very, very close. Closer than what I mentioned previously.
Rather than months, it can take 1-3 weeks or a few days only before XRP starts the next advance.
Trade closed: target reached
You can find our XRPUSDT trade based on the short-term with full trade-numbers below:
Thanks for the feedback and support.
It is truly appreciated.
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