XRP Roadmap!!!(Short-term)

1 dic

I hope you had a good weekend.

According to the news about XRP, I decided to share an analysis of it with you today.

So stay with me.

Ripple is planning to launch RLUSD Stablecoin on December 4th, which increased the price of the XRP(XRPUSDT) token.

"Ripple is set to release RLUSD, a stablecoin backed by NYDFS approval. This strategic move enhances Ripple's foothold in regulated digital finance and strengthens its position in the stablecoin market, challenging giants like USDC.

RLUSD will provide a stable pairing for XRP amid Ripple’s ongoing legal battles.

Partners like Bitstamp, Moonpay, and Uphold are on board, ensuring compliance with top-tier transparency and security standards."

Of course, we should be careful with this proverb: "Buy the Rumor, Sell the News", of course, it depends on the cryptocurrency market conditions on December 4th, if the crypto market is bullish on December 4th, we can expect the continuation of the upward trend of XRP.

Now, let's go to the Technical Analysis of XRP.

XRP is currently moving in a Heavy Resistance zone($2.00-$1.50) and has so far failed to make a new All-Time High(ATH)(on the Binance exchange).

Also, from the point of view of Classic Technical Analysis, it seems that XRP is moving inside an Ascending Triangle.

According to Elliott wave theory, XRP is completing microwave 4 of microwave 5 of main wave 3.

I expect XRP to drop(-7%) to at least the Potential Reversal Zone(PRZ)[$1.78-$1.65], Uptrend line, and 100_SMA(4H-TF) after breaking the lower line of the ascending triangle pattern.

🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏

⚠️Note: If XRP can break the Heavy Resistance zone($2.00-$1.50), we can expect more XRP pump.⚠️

⚠️Note: If XRP goes below PRZ and Uptrend line, there is a higher possibility of a decrease.⚠️

⚠️Note: If XRP goes below $1.50, we can expect more dumps.⚠️

XRP Analyze (XRPUSDT), 1-hour time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

1 dic

Nota

Because XRP could not break the lower line of the triangle.

As I told you in the comment:

⚠️Note: If XRP can break the Heavy Resistance zone($2.00-$1.50), we can expect more XRP pump.⚠️

If you find a long trigger, you can jump.

2 dic

Trade attivo

As I said yesterday, if the Heavy Resistance zone($2.00-$1.50) is broken, we should expect an XRP pump, which I advised you; if you find a long trigger, you can take risks, and the target was touched :) (I hope you made a profit).

The news of these few days is the crypto market on XRP, which was able to pass Tether (in terms of Market cap) today.

Today came the news "WisdomTree files Form S-1 for XRP ETF with SEC". That caused XRP to rise again.

Now the question here is how much XRP can increase. Certainly, the round numbers can be a serious resistance for XRP.

And since XRPBTC has also reached an important resistance zone, we can expect a pause or even a correction in XRP.👇



I expect that the main wave 3 will NOT go above 3.00 and that XRP will correct it at least up to the uptrend line.

4 dic

Trade chiuso: obiettivo raggiunto

My first Target was Touched.👇

XRP moved as I expected, and it looks like the XRP correction will continue.

Also, XRPBTC reacted well to the resistance zone, and the correction of this pair is likely to continue.👇

5 dic

Nota

Second Target Done