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XRP (XRP) - February 5

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(XRPUSD 1W Chart)
(Full: www.tradingview.com/x/u6gBYkpG/)
Above 0.71097-0.88410 section: It is expected to create a new wave.


It should be checked whether there can be an attempt to break through the volume profile section formed in the 0.71097-0.88410 section upward.

Two things need to be checked for an upward breakout attempt.

- Check if the OBV red width in the volume indicator is shifting to a green width and if the center line is rising

- Check whether the CCI line rises above the +100 point and above the EMA line in the CCI-RC indicator



To continue the uptrend, it must move above the 0.88410 point.


If it falls below the 0.51383 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

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(XRPBTC 1W chart)
You should check if there is any movement that deviates from the 0.0000 0653-0.0000 2365 section, which is the floor crosswalk section.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Commento:
BTC price is turning upward and needs more funds to rise.

Therefore, until then, most altcoins are likely to move sideways or decline, so you need to trade cautiously.
Commento:
(XRPUSDT 1D Chart)
To transition into an uptrend, the price must remain above the current price level until the MS-Signal indicator turns into an uptrend.

If the 1M chart's M-Signal indicator breaks above the 0.7136-0.7703 section, a sharp rise is expected.

Therefore, there is a possibility of receiving resistance in the range 0.7136-0.7703.
Commento:
(XRPUSDT 1D Chart)
In order to successfully break above the M-Signal line of the 1M chart, the price needs to remain above the 0.7788 point.

However, as the M-Signal line of the 1W chart crosses the uptrend line, it is expected to swing up and down in this section.


So, if the price holds above the 0.7788 point, I would expect it to turn into an uptrend.
Commento:
(XRPUSDT 1D Chart)
I touched a higher price than the route I thought.

As such, we need to see if we can continue the rise along the uptrend line and move above the 0.92 point.

If it succeeds in breaking above the 1.0409 point, which is the volume profile section, it is expected to rise to the 1.2678-1.4094 section.


It is most important to keep the price above the 0.7788 point from its current position.
Commento:
(XRPUSDT 1D Chart)
It is moving to break above the 0.8731-0.92 section.

At this point, it is important to keep the price above the 0.7788 point.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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