• News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto World VisionCrypto World Vision
  • News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Crypto World VisionCrypto World Vision
Home»Altcoins»XRP retains a bullish bias on higher timeframes, where can traders look to buy
Altcoins

XRP retains a bullish bias on higher timeframes, where can traders look to buy

2022-10-16No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The findings of the next evaluation are the only opinions of the author and shouldn’t be thought of funding recommendation.

  • A better timeframe construction was bullish for XRP
  • The worth sat atop a major decrease timeframe degree

Bitcoin [BTC] traded at $19.1k at press time. The $19k and $18.6k are necessary decrease timeframe assist ranges. A transfer beneath $18.6k may set off a sell-off. The weekend has been moderately quiet for Bitcoin and XRP up to now.


Right here’s AMBCrypto’s Worth Prediction for XRP in 2022


Each traded inside a good vary over the previous couple of days. Nonetheless, 17 October may see this tightly wound spring unwind. The volatility of the approaching days may see XRP hunt for liquidity to the draw back earlier than surging greater.

XRP has a bullish construction, $0.45 is essential

XRP retains a bullish bias on higher timeframes, where can traders look to buy?

Supply: TradingView

On the 12-hour chart, XRP shaped a bearish divergence (orange) and noticed a pullback to $0.45. Nonetheless, this transfer downward didn’t go beneath the earlier lows at $0.44. Up to now few days, the pullback signaled it had ended when it broke above a current decrease excessive simply above $0.488.

Furthermore, the bearish divergence was adopted by a hidden bullish divergence (orange dotted). This growth indicated that the earlier bullish pattern might be set to proceed.

The 2 decrease timeframe ranges to be careful for are $0.488 and $0.477. A transfer beneath $0.477 would inform merchants to attend for a response close to the $0.45 mark. In the meantime, risk-loving merchants can look to set bids on XRP already. The Relative Energy Index (RSI) climbed again above impartial 50, to point out the bulls had been slowly imposing their intent on the value.

See also  Blur tops critical metrics in race to ace NFT marketplace, but…

The On-Stability Quantity (OBV) made greater lows in current weeks, however the shopping for strain was not explosive in line with the OBV. On the one-hour chart, the $0.486-$0.478 space shaped a bullish order block the place lengthy positions may be thought of.

Imply Coin Age on the rise up to now month

XRP retains a bullish bias on higher timeframes, where can traders look to buy?

Supply: Santiment

Santiment information confirmed the imply coin age to be rising since mid-September. This instructed that an accumulation section might be underway. On the identical time, robust promoting strain got here across the time the dormant circulation picked up. Nonetheless, the metric on the chart didn’t all the time precede the value motion.

The indication of a network-wide accumulation section was a bullish thought for XRP. The upper timeframe worth motion additionally stood in favor of the bulls. But, warning was prudent. Bitcoin sat atop the $19k assist. Its surge above $19.6k just a few days in the past may have been an engineered transfer to seize liquidity and catch the bulls offside earlier than one other leg downward. Nonetheless, 17 October’s excessive and low can lend readability for the week forward.

Source link

bias Bullish Buy Higher retains Timeframes traders XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shibarium Details Unveiled: How It Works and How It Was Built 

2023-03-25

BİTCOİN ETH BOĞASI!! DÜŞÜYOR!! 2. ÇÖKÜŞ!!? TEHLİKESİ!! VARMI? TEKNİK NEDİYOR?? ALTCOİN KİRİPTO ALTIN

2023-03-25

Chainlink receives fresh attention from whales, but here’s a problem

2023-03-25

Arbitrum [ARB]: Debut hit by sell-offs, what’s next for the token?

2023-03-25
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Ethereum (ETH) Has Long Way To Go Before Reaching Bear Market Bottom, Says Crypto Analyst Nicholas Merten

2023-03-05

Blockchain Analysis Firm Issues Alert, Says Over $60,000,000 in Crypto Stolen From FTX on the Move

2022-11-22

Artyfact Review 2022: Web3 Gaming Metaverse + Play-and-Earn (PAE)

2022-12-24

Subscribe to Updates

Get the latest news and Update from Crypto World Division about Crypto, Metaverse, NFT and more.

Editors Picks

Are NFTs Back? OpenSea Sales Rise in Consecutive Months for First Time in a Year

2023-01-23

Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

2022-10-17

Bitcoin Long-Term Metrics Show Possible Bear Market Turnaround

2022-10-17

TALKING METAVERSE | Ep.20: Luxury Fashion and NFTs

2023-01-03

Crypto World Vision
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptoworldvision.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$23,418.000.75%
  • ethereumEthereum(ETH)$1,640.732.33%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$305.200.68%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.374110-0.89%
  • okbOKB(OKB)$52.010.03%
  • cardanoCardano(ADA)$0.363892-0.29%
  • matic-networkPolygon(MATIC)$1.25-2.49%