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XRP Bull Flag Pattern CONFIRMED!!!! (Massive Signals Of BREAKOUT) XRP Price Prediction - XRP News - YouTube
Channel: Make Money Online
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Welcome back to Make Money Online Channel, and today we're
going to look at XRP prediction breakout as a result of its
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new flag pattern observed on his most recent Chart trend.
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Can it really happen?
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And if so, when should we explain it?
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We'll also take a candid look at the latest news.
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And don't forget to like and subscribe the channel to watch
more innocent days like this one.
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So examples taken on a new shape and trend analysis, its
price has been quite dramatic over recent times.
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First looking like it would go nowhere and then getting
hoisted on surprising runs to higher price levels.
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On many occasions, this looked as if it would rise up to a
dollar, but would just fall short of it.
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And of course, having a lawsuit on its back doesn't really
help matters.
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And worse than that, we were seeing massive sell offs by
investors and huge dumps by Rypple co-founder Jan McCaleb,
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who just keeps dumping millions of exile periodically.
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And the price has sustained itself about the half a dollar
mark.
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And it will need to avoid a fall through the 1536 pivot
level to bring the first major resistance level at point
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fifty nine twenty five into play.
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eFax Empire reported that support from the broader market
would be needed, but and they'll be, for before example, to
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break out from above the high of zero point fifty eight one
five one.
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Now, barring an extended crypto RIPPLE, the first major
resistance level and resistance at point six of a dollar
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would likely cap any upside in the event of an extended
RIPPLE.
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Ripple's XRP could test resistance at that point sixty five
mark before any pullback.
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Well, the second major resistance level sets at point sixty
to zero for now, failure to avoid a fall through the point
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fifty five thirty six.
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That would bring the twenty three point six percent for
Bannerjee of point fifty three twenty and the first major
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support level fifty point fifty to fifty six into play.
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Now, barring an extended sell off over Ripple's, XRP should
steer clear of some point five levels.
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The second major support level sits at point four eight six
eight now reversing a point fifty four percent for us, just
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over half a percent for RIPPLE.
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XRP ended at point fifty six 451 and tracking the broader
market, Ripple's XRP fell to an intraday low of zero point
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five one four six nine before finding support.
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That now falling through the twenty three point six percent
for Bannerjee mark of point fifty three twenty Ripple's XRP
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came within range of the first major support level at point
fifty 44.
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Well, in a RIPPLE, however, it saw Ripple's XRP strike a
midday intraday high of point fifty eight one fifty one.
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Now Revel's XRP broke through the first major resistance
level point fifty five forty seven and the second major
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level point fifty seven seventy five.
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More significantly, RIPPLE XRP broke back through the twenty
three point six feed a pullback.
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Cereal's XRP fallbacks with a major resistance levels
before a late RIPPLE back up to point fifty seven levels.
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Well, Ripple's XRP broke back through the first major
resistance level to end the day point five six.
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Well, the second major resistance level at point fifty
seven seventy five cap the upside later the day and at the
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time of writing realise XRP was down by point twenty three
per cent, two point five six three twenty point fifty six
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thirty to a mixed start.
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The day saw ripples XRP rise to early morning, high of
point fifty six eighty three before falling to a low of
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point fifty six thirty two.
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Well, Revel's example of the major support and resistance
levels untested early on.
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Now RIPPLE realise XRP will need to avoid a fall through
the point forty three sixty pivot level to bring the first
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major resistance level at point forty nine seventeen into
play.
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Well, support from the broader market would indeed be
needed, however, for Ripple's XRP to break out from February
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18th, high of point forty eight fifteen.
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Now, barring another extended crypto RIPPLE, the first
major resistance level and resistance at point five of a
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dollar would likely cap any upside in the event of an
extended RIPPLE represents XRP.
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Could be the second, could see the second major resistance
level at point fifty 373 and resistance atlas at the sixty
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two percent of Anakie a point fifty five twenty two.
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Well, failure to avoid a fall through the point of forty.
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I beg your pardon. Failure to avoid a fall through the
point forty three 69 per.
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That would bring about the thirty eight point two percent
fed four point forty seventy and the first major support
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level point thirty nine 05 into play.
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Now, barring an extended crypto sell off, Revel's XRP
should steer clear of sub point thirty five levels.
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So we hope the second major support level sets at point
thirty 347.
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Now, in an article by Coingate, RIPPLE has sustained the
price above point five.
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That's half a dollar for a couple of days now.
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And the need for stability came after rejection from the
most recent I of point sixty five.
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Well, XRP tumble from this level to the support provided.
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The point forty eight, Mark.
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Meanwhile, the recovery that ensued has been limited to
just under the point, six point six of the S&P has been
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declining within the confines of a descending channel
likely to confirm a bull flag.
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Now, this panel is referred to as a bullish continuation
pattern in technical analysis.
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It develops after an extended upward move followed by a
correction.
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Now, the correction signifies consolidation as a selling
opportunity to take over control.
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A significant breakout in the direction of the previous
trend is anticipated as the bull flag matures and typically
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a breakout is supposed to occur when the price dropped to
about halfway down the flagpole.
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So as for RIPPLE, it's teetering at point five to the time
of speaking.
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The current battle is to break and settle above the middle
layer of that flight pattern.
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However, pushing for a breakout above the bull flag will
result in massive gains above the stubborn resistance at
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point sixty five and towards potentially the point seventy
five mark the yearly eye.
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Now it is worth noting that sellers are still dominant at
this time.
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The moving average convergence divergence.
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The market reinforces the apparent control by the sellers.
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Now they're likely to remain in control until the deadline.
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The blue one crosses above the signal line.
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And besides other hurdles like the fifty simple moving
average, the fifty eight on the four hour chart must come
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down for the breakout to materialize.
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Now, as reported by you today, the S.E.C.
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filed an amended version of its landmark lawsuit against
RIPPLE on February the 18th, adding factual details about
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how its higher ups manipulated the zappy market with the
company's sales and personally profited from selling the
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controversial Zougam.
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Now, the first preliminary conference in the case has been
scheduled to happen on February the 22nd.
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So in this updated chart, we're looking at the recent
events which led to the established formational structure
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and what we can look forward to.
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XRP USDS was observed to have moved on to develop Wavves
within the descending channel and bounce to a height which
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was very important to finally form a structure that
positions it for a potential breakout.
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Now, looking at the chart, we can watch that.
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How XRP USDollar recently formed the breakout above the
upper boundary and close there.
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And this was an initially really good sign.
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And besides, Exposed seems to be about to develop this
confirmation bull flag in the structure that can possibly
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lead to further continuations.
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In this case, it is possible exposed somewhat moves below
the lower boundary to extend it.
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However, it's important that the XRP USD doesn't fall into
the channel again and below the 400 Emma, because this may
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raise the bearish pressure and visiting of lower levels and
so is necessary.
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For example, the USD stabilizes sustainability above these
very levels.
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So taking all these factors into consideration, S&P USD has
formed this great breakout and now it's the time to fully
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validated with the right price.
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Actions are suggested for this final direction can be
assessed.
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So when exposed manages to form the proper price actions,
this will activate the preliminary upside target market in
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the chart in Orange. And when S&P USD reaches these zones,
it has to be elevated how it proceeds from there.
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And if there comes a continuation or exposed firstly
reverses, which is also not unlikely in this case.
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So only when exposed manages a strong stabilisation.
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Further, a continuation can be indicated before.
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That bearish pullback should also be taken into account.
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So in this chart, we're looking at the hourly time frame.
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So the recent events, the established formational structure
and what we can expect in the upcoming time exposed has
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shown up with some very interesting price actions and
validations.
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Is it not only completed the wage formation, but also show
that with fundamental volatility in the structure, we're
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looking at the chart. We can watch how exactly you just
recently completed this major inverse, hadn't shown the
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formation marked with a blue line in this chart.
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So S&P exposed managed to break out above the upper
boundary with the strong volatility and close that.
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And what's also important here is the exposed marked above
the 160 160 EMA in red and above the 120 EMA in green, which
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both are serving a strong supports within their structure.
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Also really important here is the point of control by the
volume.
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Profile in which exposed has some really solid supports,
likely to likely to bounce to the upside when moving into
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and this is why a continuation is likely when zuppa USD
stabilizes further within this zone to set up on this.
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So taking all these factors into consideration, XRP USD is
in a situation where it's completed a great formation that
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also activated already upside targets, which are likely to
be reached when somebody USD manages to build upon this and
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continue its bullishness.
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Now these targets are marked in the charts in Orange.
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Exposed has also significant resistance in this game, and
that means that it needs to be elevated.
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How exposed continues further from there as an initial
pullback.
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Visiting lower levels is more likely than this should not
be.
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A don't underestimate this, especially when exposed
approaches these resistance levels.
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So on a middle term, a mid term basis, exposed definitely
needs to stabilize further within the volume profile range
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and not fall below its annu.
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So the price level of XRP still is around the point five to
the point the point six to mark point sixty four dollars.
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And analysts predict that the price of XRP will reach about
point eight of a dollar before the end of February,
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irrespective of the lawsuit.
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Well, it's interesting. So this could represent an increase
of around 50 percent on its current price of about point
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five to per XRP reflects UMP's prospects in 2021 aren't
limited just to the turn out of the lawsuit, although a win
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is one really happy outcome, the rebel investors can look
forward to the coming weeks.
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Now, this chart predicts a possible price trend of XRP for
the coming months.
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The current price trend lies ideally just below the surface
of the first resistance established at the point six eight
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mark and is set on a trajectory that aims for price levels
from point eight five to one dollar seventy before meeting a
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new resistance indicated by the small red rectangular two
point three six two point thirty six.
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Now further movements will probably see the coin rise as
high as thirteen dollars may be.
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The red line represents the high trend lines, and a break
above would probably be very quick.
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Now the resistance cells are based on previous Fibonacci
levels where XRP has hit in the past.
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Now, ideally, we hit all of these levels in the next ten
months, but again, we can't say for sure.
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Of course. Of course we do.
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But there you go. And I hope you've enjoyed the video.
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