Xrpshort
XRP DAILY ANALYSIS!!- XRP can breakout of that triangle and go up or down!
- If it closes above and retest the trend line to the upside then we could see a 200-300% move to the upside!
- If it closes below and retest the trend line to the downside then we could see a massive crash, possibly a BLACK SWAN EVENT what people keep saying may occur!
XRP COULD TEST $0.40-$0.50 AGAIN!1) History may repeat it self again! Look at the red circle XRP broke below the YELLOW SUPPORT LINE before it rose around 100,000% within 1 year!
2) You can see the Orange circles and the BLUE SUPPORT TREND LINE, XRP could hit those levels again before shooting up again!
3) Majority are always wrong, majority of people are BULLISH at the moment.....BUT when XRP reaches that WHITE CIRLCE watch how the MAJORITY become BEARISH, THATS when the SMART INVESTORS WAKE UP AND GO BEAST MODE!
4) I will become MEGA BULLISH on XRP when it breaks below, its not an easy thing to do, but HIGH RISK = HIGH REWARD!!
XRP Sell into a rally.Ripple - Intraday - We look to Sell at 0.798 (stop at 0.816)
Daily signals are bearish.
Rallies continue to attract sellers.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Bespoke resistance is located at 0.800.
Our profit targets will be 0.751 and 0.741
Resistance: 0,780 / 0.800 / 0.820
Support: 0.760 / 0.740 / 0.720
XRP Sell a Break Setup.Ripple - Intraday - We look to Sell a break of 0.749 (stop at 0.774)
Daily signals are mildly bearish.
0.753 has been pivotal.
A break of bespoke support at 0.750, and the move lower is already underway.
Reverse trend line support comes in at 0.755.
Our short term bias remains negative.
Our profit targets will be 0.685 and 0.665
Resistance: 0.780 / 0.800 / 0.820
Support: 0.750 / 0.730 / 0.700
XRP Sell the downtrend.Ripple - Intraday - We look to Sell at 0.767 (stop at 0.781)
Trend line resistance is located at 0.770.
Daily signals are bearish.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.764.
Our profit targets will be 0.731 and 0.721
Resistance: 0.750 / 0.760 / 0.780
Support: 0.740 / 0.720 / 0.700
XRP LONG AND SHORT OPPORTUNITYCurrently XRP at Resistance level.
XRP is now trading above the $0.87 support area and showing little strength because of the airdrop news. The major support for XRP is $0.745-$0.78 area. The local resistance for XRP is $0.93 and major resistance is $1-$1.10 area. If XRP hold above $0.87 then we see a test of $1 resistance area.
Hope you find it usefull.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
XRP Sell a break setup.Ripple - Intraday - We look to Sell a break of 0.803 (stop at 0.826)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Broken out of the channel formation to the downside.
Price action is forming a bearish flag which has a bias to break to the downside.
We look for losses to be extended today.
Our profit targets will be 0.741 and 0.721
Resistance: 0.840 / 0.860 / 0.880
Support: 0.820 / 0.800 / 0.780