xrp forming an ascending wedge - waiting for retrace to BUYXRP is retracing to form a double bottom to afterwards started climbing in the ascending wedge to the next major resistance level. I'm waiting for a massive buy around the retrace zone
XRPEUR trade ideas
Short Vision on XRP EUR for 07/02/2022Hello Dear Traders,
You find below my analysis for XRP/EUR, this pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame XRP/EUR will fall to 0.64 as I am showing in my chart. Our Daily Goal is 0.62.
Currently, XRP/EUR is moving towards the resistance level of 0.69 ,where there is some liquidity from this value we are looking for short-term selling opportunities of XRP/EUR.
Good Luck and enjoy your Bearish Market for today.
Entry:@0.68
TP1: 0.66
TP2: 0.64
TP3: 0.62
SL 0.72
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
XRP showing strength in the chart It is very clear here that even when the rest of the altcoins dropped 2-5 % due to BTC dropping around 1-2% overnight, XRP did not move at all, and on my board, it was the only one that was remaining still green, meaning that it shows strength and it shows that there are almost no people actually selling their XRP right now. Regardless, it seems that a lot of ppl have stacked XRP and are waiting for some further news now as the end of the case with the SEC should be coming to an end soon, this is a big risky bet as this can drive the price really high up if they win the case, but in the case that they lose to the SEC, it would also plummet the price quite low as we would see a big sell-off due to mass FEAR.
The Total3 chart speaks a whole different game, there we see very bullish movement and a clear bottom that has formed also on total3 but also on the XRP chart. We are sure to make a move upwards at least toward the retracement levels at the .786 FIB and this is where we will be able to see what would really happen.
Overall, I am long on XRP as the strength of the chart looks good to me, this is NOT financial advice and just my opinion/prediction.
XRP W hello traders-holders,
this is my first plubish idea about XRP.
I'm seeing an nice W pattern. we must hold the support level at 0.69 - 0.70 if we go lower then that then I think we are gonna see 0.65 - 0.60c fast.
I'm hoping to do more this kind of analyse of XRP. me myself I'm holding XRP for the long term and I'm bullish
