XRPUSDT 25% to 70% Bull move??

29 Okt 2023

Sunday analysis.
Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents.
Good Risk/Reward here.

Ascending Triangles target is around 0.83 cents, 50% move.

Price has respected nicely the 9EMA support (picture below)


Check out my analysis about DYDX or GOLD which are still active DYDX GOLD



-PalenTrade

29 Okt 2023

Dagangan aktif

Here we can see better the 9EMA respected as support and previous highs trying to break. The higher resistance level is stronger, but when broken
there is well space for a bigger move

30 Okt 2023

Nota

Beautiful backtest of key level (previous highs).
Still 0.566 is the big resistance

30 Okt 2023

Dagangan aktif

Testing the 0.566 resistance. Let's see if price can get through and close above it on daily. If it can, 1st target 0.673 area. If not and we fall throught previous highs, we have our risk calculated accordingly!

31 Okt 2023

Dagangan aktif

We got real nice close above the .566-57 area, and perfect backtest of the previous resistance. First target ~0.673

6 Nov 2023

Dagangan ditutup: sasaran tercapai

Beautiful move after the price broke the levels we talked about.
First target hit (22%)

13 Nov 2023

Nota

Funny. I have been following XRP price action and it started to look weak if 9EMA had been broken. Buying pressure found! From the 9EMA support which has proven itself a few times.
Still waiting for the 2nd target $0,91-$1. Patience is rewarded!

13 Nov 2023

Nota

What a volatility! A daily close above the Doji candle would be important, or at least above the 0.681 level. I'm staying bull as long as the 9EMA holds. If that is broken and we get a bigger flush XRP might go test 0.566, the key level from previous highs.