XRP idea sharing

٢٥ مارس ٢٠٢٣

In 1D chart, XRP has broken through the resistance trend line and came to the resistance near 0.4894. This price range overlaps with the Fibonacci sequence of 1.382~1.5 and the POC of the consolidation pattern ahead.
There are still targets above:
0.5082
0.5545
0.5591
If there is a break above 0.5591, XRP will see a large double bottom pattern.
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At present, XRP has encountered resistance and fell back. Looking at the 4hr chart:

After XRP encountered resistance, it showed a convergent pattern. Usually after the price rises or falls sharply, the market will choose the direction of breakthrough after organizing the market funds.
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Pay attention to several support prices:
0.4270
0.4149
0.4082
0.3869
0.3726
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٢٨ مارس ٢٠٢٣

ملاحظة

XRP tends to be bullish in the 4 hr chart, and the closing price is higher than 0.4894.
Focus on the upper target: 0.5082, 0.5545 and 0.5591.
If XRP falls back, you can pay attention to the support price mentioned above.

٢ أبريل ٢٠٢٣

ملاحظة

XRP 1hr
The price has a bottom pattern near the support of 0.5082. If the closing price is higher than 0.5240, XRP will appear a double bottom pattern.
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Double bottom entry strategy:
Stop loss: 0.5005
Take profit: 0.5345, 0.5378, 0.5410, 0.5515
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٤ أبريل ٢٠٢٣

ملاحظة

This is the 1hr chart of XRP. The double bottom pattern mentioned above did not appear, but came out of the bear flag pattern. The current price is around the support range of 0.4732~0.480. Pay attention to whether there is a chance for a short-term bottom pattern here .
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XRP 1D chart:

After the rise at the end of March, the price successfully reached the resistance of 0.5591 and broke through. The highest point is at 0.5857. The current price has fallen back to the support range. From the perspective of the 1D chart, this is a good opportunity to increase long positions.
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The support price below:
0.4036
0.3773
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