XRP (XRP) - January 5

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(XRPUSD 12M Chart)


(1M chart)
You need to break out of the downtrend line to accelerate the uptrend.

So, we need to see if we can break out of the downtrend line while holding the price above the 0.4493 point and possibly above the 0.6940 point.


(1W chart)
Above the 0.4493 point: the uptrend expected to continue
Above 0.7541-0.8294 section: It is expected to create a new wave.


(1D chart)
It must move above the 0.8744 point to turn into an uptrend.

In particular, you need to make sure you can move up along an uptrend line.


If it falls in the 0.7541-0.8744 section, it may fall below the 0.5483 point, so a stop loss is required to preserve profit and loss.

However, it can touch near the 0.4493 point and rise, so you need to think about countermeasures.


Above the 1.0424-1.1861 section is the high point section, so we need to check if the volume increases to break above this section.


In the CCI-RC indicator, as the CCI line falls below the -100 point, the possibility of turning into a downtrend is increasing.

However, as volatility may occur due to a decrease in trading volume, careful trading is required.


We need to see if we can move above the 0.8744 point before around January 17th.

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(XRPBTC 1W chart)
It is on sideways in the bottom section.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, 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 be able 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 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 been released yet.
(Since it was not disclosed, 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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