XRP (XRP) – September 20 for BITFINEX:XRPUSD by readCrypto

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(XRPUSD 1W Chart)

If the price maintains above the 0.51383-0.68279 range, we expect the uptrend to continue.

In particular, if the price is maintained above the 0.71097-0.88410 section of the volume profile , it is expected to create a new wave.

(1D chart)

If the price is maintained in the range of 1.03687-1.18660, it is expected that the uptrend will continue.

A decline from the 1.03687 point could lead to below the 0.88410 point, so trade cautiously.

Above the 1.03687 point is the high point, so it is very important to keep the price above this point.

For the uptrend to accelerate, it must rise above the 1.53490 point.

I don’t know if it is due to the lawsuit of Ripple, but what used to be Ripple coin is being written as XRP coin.

Therefore, from now on, we will change the name to XRP coin instead of Ripple coin.


( XRPBTC 1W chart)

We’ll have to see if we can climb above the 2365 Satoshi point and get out of the bottom convolution zone.

To create a new wave, it must rise above the 4264 Satoshi point.

(1D chart)

If the price is maintained in the 2220 Satoshi-2715 Satoshi section, it is expected that the upward trend will continue.

If it falls from the 2220 satoshi point, it can touch the 1476 satoshi-1724 satoshi section, so you need to trade carefully.

To accelerate the uptrend, it must rise above the 2963 Satoshi point.


We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.

(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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