Here we have XRP/USD on the 1H chart.
XRP/USD has had a correction move, after a long term upside rally, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the downside correction, it appears XRP/USD is ready for a new up move. Since price has hit a strong , there has been signals of downtrend slowing and reversal showing bears are losing steam. The are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom. If so, this can be a great launch pad to consider buying XRP/USD to the upside . I am watching XRP/USD closely, and won't hesitate to make a buy if it sets up properly.
I am expecting an up move up to begin, to reach target of at least 1.2520. If price successfully breaks side-wards support at 0.9950, price could extend further to the highs. If price does not succeed in breaking the sidewards resistance, then price could retest the horizontal at 0.8810 before another bounce and a move to the highs at a later stage. If the second alternative plays out, I will be updating this analysis accordingly.
In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.
I will be updating this analysis if it exceeds 40 likes.
Feel free to take a look at my updated BTC/USDT analysis!
I want to make sure there's a lot of traffic on the site before I post the realtime update. :)
Check out my TradingView profile to see more!
Price hit my target zone at 1.2570 at the early hours of the morning and profits were taken. I will be watching for a new potential long opportunity in the near future.
Well done to anyone who caught this move in Ripple, it turned out to be very profitable.
I want to make sure there's a lot of traffic online to see my latest BTC/USD update!!
Check out my TradingView profile for my latest thoughts on Ethereum!
Check it out now!
The reason I did not update this idea, is because the update is totally different from my previous perspective. So no one new will be able to see my new analysis and it seems a shame.
Hence, a new idea was posted. :)
"I will be posting my realtime buy signal for XRP/USD, if my latest USD/CHF idea post analysis achieves more than 20 likes!
I want to make sure there's a lot of traffic on the site before I post the realtime update. "
Just curious because I would be interested to know what you are looking at to decide when to start your trade.
Thanks again for the analysis!