XRP/BTC is looking bullish. We just had an 18 month trendline resistance broken. One that held us down all the way from May last year. you know what they say, the longer the base, the higher into space!
this thing is gonna rip. We just had a good sign of strength breakout with high volume.
On top of this breakout we have more confluences of strength as the pair...
XRP/BTC has been held down by this resistance line for months, we have recently just broken out of the range and back tested it as support. Both horizontal and descending support have confluence at 1800 sats.
I see a good long opportunity R/R 5.15
XRP is bullish on a number else of factors:
PARABOLIC SAR on the weekly has appeared reassuring bullish structure...
Hello everyone, the btc dominance is looking for a potential bearish reversal, the rsi can be seen trending downward as buy pressure is drying up. I believe this the dominance will soon fall under its multi month support around 40% and lead us to an alt season.
All of the conditions of alt season are met:
Bitcoin topped at 69k, ( reached 4.236 fib extension)...
XRP on the hour time frame is in wyckoff accumulation #1 and can be seen making a bottom around 52-54c at the multi month support. XRP/BTC comparative looks primed for a breakout too. Not a huge XRP fan but this thing looks ready to blow!
Long term targets:
3.618 fib extension @$8.60
4.236 fib extension @ $11.40
give a follow if you want to some new ideas!
The dominance right now is overbought in the 70's region for rsi and can be seen with descending rsi showing weakness or loss of strength in the momentum to the upside. I believe we will see a drop in dominance soon leading to our long awaited alt season before a massive bear market.
Im looking for a daily + weekly close below 39.5% to confirm a descent into the...
XRP looks mid term bullish but i suspect we see one more small correction to finish the c wave possibly down to the demand horizontal demand zone at $1.13. Ill be placing a long at 1.13 with a SL at 1.095 as 1.10 is a strong support.
Thank you for reading.
XRP will find resistance here and fall back down to 75-80c weekly support area.
I will open out longs at 75/80 and let this monster rise as i am long term BULLISH!
Happy Trading
Hello Everyone,
XRP has seen some significant downside after having a massive impulse to nearly $2. The XRP/USD chart is eerily similar to the DOGE/USD chart which has seen years of consolidation and has back tested a weekly resistance line and turned it into support before explosive upside action. We can see that same structure here in XRP forming. I suspect...
XRP has been in consolidation for over a week and has been testing that downward sloping resistance line time and time again ready to pop. The more times a resistance/support line has been tested, the more likely it will break. I am BULLISH on XRP. In the opposite scenario, if we fall below the support line given, I think we can see a longer and drawn out...
