Rocksorgate

⏰ XRP'S ALARM/FACE OFF ⏰

BITSTAMP:XRPUSD   Ripple
⚡ Hi, the alarm's going off and we're going to keep things short for this. I know all you ladies and gentlemen have enough going on as it is so thank you for giving me some of your time to share a bit, thank you.

⚡ I haven't been able to post the last 2 days thanks to some personal matters but coming back now to things it's good to see that the horizontal levels as always still do just the job. Thanks to them we can identify that support at 0.46469 and the resistance again at 0.49248 which sent us back down.

⚡ As I like to say, the majority of these levels are weeks old, some even more and thanks to that we have a good reference point for the most part. If I'm ever not here to post, simply press that play button on my idea and those lines will still be there to help. Hope that helps.

⚡ It's safe to say the retracement is understandable as some whales and short term traders will take profit's as they may not necessarily know what is next following what has been the highest high Bitcoin has hit since June of 2022. Definitely interested to see how things play out next but for now XRP wise we can refer to my levels and that should help a lot.

⚡ If anyone is ever confused on the levels or has a question feel free to ask below but simplified is once below a level it becomes resistance, and above it'll become support. That's about it to keep simple. We'll be watching to see if we can establish support again as we'll likely have a retest of 0.464 for a bit until those 20/50 EMA's can catch up and flip.

⚡For the biggest reason we've slipped with XRP simply refer to this 30 minute chart and we can see the loss of that 200 EMA and how we practically dropped right after.


⚡ On our 3 minute chart things seem a bit stagnant but what matters is the volume. Volume is going pretty wild as the face off continues between the Whale's. Whether or not bulls or bears will be successful depends on if we regain that 200 EMA or not as usual.


⚡ I know some of these idea's are repetitive but to be honest a lot of this is is cyclical and what matter's isn't that we fight the flow, but join it and ride the current. And I'll say having a couple reference lines definitely helps. That and a lot of idea's. Can't believe we're already at 434 ideas now.

⚡ You guys already know I appreciate you as always as well as your support, all those likes and follow's, share's really do go a long way, I'll keep doing my best to improve and provide better and more analytical, yet simple and concise idea's for you guys so keep tuned, Thank you.


~ Rock '
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