$XRP Potential Monster Breakout (What to Watch!) $BTC $ETH $XLM
XRP consolidating its USD value nicely here playing between the upper fib retracement levels.
So far the hourly is trading above the final resistance trend line. If the 4 hour can close above and volume begins to pick up I would be leaning toward MASSIVE upside in this name. We can make a measured move off the flag which would put us around $3.00 area (ballpark estimate, not exact!) if this move is confirmed.
All indicators showing that we have plenty of room to run if want..
RSI staying in the neutral zone during an uptrend with a slight uptrend itself
OBV showing bullish divergence
MACD low and tight and can crossover to the upside if wants
BBands solid thick tight saying a big move is in the making
Confirmation - I'd like to see the 4 hour close above $2.10 before leaning into this, but most importantly I'm looking for volume to increase here showing momentum to the upside. XRP moves rely heavily on massive volume so any deviation outside the norm is a positive indicator if price action is moving upwards in my opinion.
Failure - A 4 hour close below the support trend line of this run would indicate a change in trend to me. Around about $1.69 is where our major support is for this period of consolidation. A 4 hour close on heavy volume below this level would be a very negative thing for XRP in my opinion. Sure it is a long way down, but when XRP moves, it moves fast.
Keep in mind here, XRP has some legendarily brutal shakeout moves, look for volume as the key indicator here of direction.
A saying to remember here 'nothing is ever too high to buy, and nothing is ever too low to sell'. Basically the strong get stronger in a bull market.
None of this is financial advice, just sharing my thoughts here.
So far the hourly is trading above the final resistance trend line. If the 4 hour can close above and volume begins to pick up I would be leaning toward MASSIVE upside in this name. We can make a measured move off the flag which would put us around $3.00 area (ballpark estimate, not exact!) if this move is confirmed.
All indicators showing that we have plenty of room to run if want..
RSI staying in the neutral zone during an uptrend with a slight uptrend itself
OBV showing bullish divergence
MACD low and tight and can crossover to the upside if wants
BBands solid thick tight saying a big move is in the making
Confirmation - I'd like to see the 4 hour close above $2.10 before leaning into this, but most importantly I'm looking for volume to increase here showing momentum to the upside. XRP moves rely heavily on massive volume so any deviation outside the norm is a positive indicator if price action is moving upwards in my opinion.
Failure - A 4 hour close below the support trend line of this run would indicate a change in trend to me. Around about $1.69 is where our major support is for this period of consolidation. A 4 hour close on heavy volume below this level would be a very negative thing for XRP in my opinion. Sure it is a long way down, but when XRP moves, it moves fast.
Keep in mind here, XRP has some legendarily brutal shakeout moves, look for volume as the key indicator here of direction.
A saying to remember here 'nothing is ever too high to buy, and nothing is ever too low to sell'. Basically the strong get stronger in a bull market.
None of this is financial advice, just sharing my thoughts here.