XRPBTCThe real bottom for XRP (The XRP/BTC pair) is truly in.. The XRP/BTC pair has only been at the bottom of the logarithmic channel 2 other times in the past. We've bottomed out on the logarithmic chart, & will likely move towards the 0.236 fib extension for a 4x before we see some consolidation --> then the real breakout & pump will commence..
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Having a look at some previous PA, this region we are in now looks very similar to the 2014-15 breakout area... Copying the same pattern to now we could see XRP do something like this Nota
Could be delayed another week too honestly Nota
Also if we are repeating something similar to the 2017-18 cycle, we could repeat something like this tooI'll update with further PA as to which is more likely
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On the 3hr TF, the 100EMA has crossed the 200EMA in a bullish manner.. We could be seeing the start of a major move here
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One of my ideas showing the PA on the USD pair
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My other XRP TA idea
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Here is a nice & clean look at support & resistance areas for the XRP/BTC pair on a renko chartBrick size = 500sats (Held for 1D)
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Line break chart set to 3-day indicates we've confirmed support & are ready for a strong move up
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Looking at just demand only with a P&F chart, we are in an area of demand for XRP that's only been visited 3 other times, each with a major breakout & price move up
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Back to the renko chart on the daily TF, we've closed a bullish reversal brick & look to be slightly up trending as well, watch for those key regions to be broken for confirmation of a macro price movement upwardsNota
^Above chart is set to ATR rather than a set valueNota
What's that famous saying? "Be fearful when others are greedy, and greedy when others are fearful"
This is applicable to the current situation with XRP...
Buy the fear..
Sell the greed..
I've had a closer look at the weekly chart against BTC for XRP & noticed some more bullish signs:
- VMC's market cipher B shows a triple bullish divergence on WT (on the weekly scale)
- VMC showing bullish divergence on stochastic RSI as well
- MacD bullish crossover just occurred
- Buy signals flashing on VMC B
- Appears bottomed out (Confirmed via other charting methods e.g renko/P&F/Line-break)
Now, with the declining price, increasing volume and strong bullish divergences in a very strong support area for the XRP/BTC pair, this could break out at any moment...
Buy the fear..
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On the USDT pair there is a macro ascending triangle on the Point & Figure chart, indicating an increased demand for XRP.. Looking good
If we see a break to the upside, there will be a major rally for the USDT pair
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Below are zoomed in:Nota
XRP is in a massive double descending wedge & primed for breakout!
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^New idea for XRP
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PA update for the ascending triangle on P&F for the USDT pairNota
Line break on 1hr showing areas of resistance above Nota
A closer look at immediate resistances for the USDT pair with renko set to 1hr bricks Nota
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The ascending triangle on Point & Figure broke out!Nota
Gold vs XRP is extremely bearish atm & looking like XRP is set to make a major move up against gold:Silver vs XRP very bearish for silver, looking like XRP is ready to make some major gains against it!!
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look familiar?
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.