Don't forget to check the previous XRP analysis! Linked below!
XRP is still following the plan. And the charts are looking pretty good if you ask me.
Price finally fullfilled the complete region as mentioned earlier!
I was waiting for the zone at $0.55-$0.644 to be filled. Price actually spiked a little bit lower, but remaind the zone pretty well.
What do we see on the charts right now?
The high timeframe structure is maintained pretty good. And on the lower timeframes we starting to see a shift in the structure. I'm looking for a break of structure at $0.69239. This will probably cause a aggressive move to the upside. That trendline is filled with buyside liquidity. These are the stoplosses from the peoplo who are shorting XRP. But you have to remember: When the stoploss from a seller is triggered, he becomes a buyer. This is why i expect a high momentum move.
From the 4H perspective it's pretty clear to see:
My 1st point of interest is at $1.50/$1.70 region. This zone is a (potential) strong supply zone.
Also keep in mind we still need to break the highest monthly close at ~$1.95.
So overall, i'm looking for a major move to the upside!
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
XRP is still following the plan. And the charts are looking pretty good if you ask me.
Price finally fullfilled the complete region as mentioned earlier!
I was waiting for the zone at $0.55-$0.644 to be filled. Price actually spiked a little bit lower, but remaind the zone pretty well.
What do we see on the charts right now?
The high timeframe structure is maintained pretty good. And on the lower timeframes we starting to see a shift in the structure. I'm looking for a break of structure at $0.69239. This will probably cause a aggressive move to the upside. That trendline is filled with buyside liquidity. These are the stoplosses from the peoplo who are shorting XRP. But you have to remember: When the stoploss from a seller is triggered, he becomes a buyer. This is why i expect a high momentum move.
From the 4H perspective it's pretty clear to see:
My 1st point of interest is at $1.50/$1.70 region. This zone is a (potential) strong supply zone.
Also keep in mind we still need to break the highest monthly close at ~$1.95.
So overall, i'm looking for a major move to the upside!
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
