Watch breakout of pattern for short term direction.Watch closely for confirmed breakout of pattern to find which direction it will go in the short term.
Xrpusdshort
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22091 where it could potentially rise further to 0.24166.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD Market Structure AnalysisI think XRPUSD has a downtrend till next week but in this view, we can have a short correction and make some profits with that!
R/R:3
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
2 possible scenariosI foresee 2 possible scenarios.
Scenario 1: Price bounces of bottom of the trend, makes fake breakout on top of the line and goes in decline, potentially break the lower resistance or simply bounces from support line.
Scenario 2: Price breaks through and finds support where resistance is to continue further growth
Hit like if you find value in the analysis.
Also, give me a follow for your daily XRP trend analysis.
I make them mostly for myself to see if it's still smart to hold my positions or whether it's a better idea for me to (temporarily) let them go.
Make sure to only use the analysis to learn from and to create your own ideas.
Starting soon with some courses in TA to better my skills.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.26655 where it could potentially drop further to 0.22260.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short if breakoutThe indicated line in my previous post I would have liked to seen the price bounce of has been broken through.
- Short if hour candle closes below line.
- If bounce from the lower line. Upper line will most likely be retested.
I'm keeping my current positions open until / unless I receive confirmation of the decline
If you have a different approach. Feel free to share! :) Always in to learn more
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP/USD TA Update (3rd Retest of Key Trend-line?)XRP/USD
XRP bounces off from the key upward trend-line support at 0.226 levels.
If XRP can hold this support area for 24 - 48 hours and BTC remains inactive.
There is a chance that XRP could push and retest the previous High.
XRP/USD TA Update (Bullish Pattern Confirmed?)XRP/USD
XRP broke bullish of this inverse H&S pattern confirming after the price closes above 2262.
Currently, XRP is testing the downward slop trend-line which is acting as immediate resistance as we speak.
If EXP fails to get above this line, there is a chance of pullback at the previous resistance area to turn into new support.
Levels to be watching for a Long bounce play are 2262 - 2122.
XRPUSD to climb from upside confirmation, potential bounce!
XRPUSD to climb from its upside confirmation at 0.24447 where it could potentially bounce further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP/BTC TA Update (Bearish Rejection?)XRP/BTC
XRP got rejected badly by the 50MA and descending trend-line resistance.
I don't think this current support area will hold as the strong bearish momentum puts the price down hard.
I'm looking at the next support area where I can place bids for Long entry provided there is confirmation of reversal bounce.
XRPBTC Gravestone DojiGravestone Doji - ' A gravestone doji is a bearish reversal candlestick pattern formed when the open, low, and the closing prices are all near each other with a long upper shadow. A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action' If anyone knows the best timeframes used for these dojis that would be helpful.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.20066 where it could potentially rise further to 0.20779.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
#RIPPLE | Support TestPlease share your opinion in the comments box and do not forget to press the like button
- Good opportunity to buy
- Handle each level with caution
- Do not risk all of your money
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.19913 where it could potentially rise further to 0.21469.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.20732 where it could potentially drop further to 0.20199.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XRPUSD approaching support, potential for a further rise!
XRPUSD approaching support at 0.20785 where it could potentially rise further to 0.22555.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD reversed from resistance, potential drop!
XRPUSD reversed off its resistance at 0.22555 where it could potentially drop further to 0.20951.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
#RIPPLE An Opportunity To Climb AgainPlease share your opinion in the comments box and do not forget to press the like button
#RIPPLE ( Short ) Target The Target has been reached
