My analysis is not an investment advice, it is just my observation about the present state.
Im in GMT+2
In this analysis i will talk about the XRPUSDT in 4h Time frame( I only talk about the things that can be explicitly see from my chart).
At first if we go back in time a little, on the 22rd june, a regular divergence appeared in the 4h chart. This situation results a swing, which is not dissapeared from now too, but it may reached its strongest support on 5th of june, and now i see patterns. We need to take seriously the divergences, because that regular divergence cause a 26 % price drop in 12 days.
on 5th of June a BULLIS regular divergence appeared, it is smaller than the beares before, but it have strong appeance. This divergence will cause increase in price.
On the other hand there is the ichomoku cloud and the lines. IF the base line ( red ) will crossed by the conversion line ( blue ) it also cause price increase.
Moreover the appereance of the GOLDEN CROSS is near, the 50 and the 200 is close to each other, and fortunately the 50 is under the 200 .
In my way of thinking, XRP will reach a level around 0,42USDT , there are a strong resistance ( 200 line around tehre, Leading span B (the bottom of the ) and the FIB RETRACEMENT 0.380 line is near. ) from that level it will be a little consolidation, but the price will go through it and cant stop until the top of the and the FIB RETRACEMENT 0.618 line )
This was my observation about the current market price of the XRPUSDT .
I hope I did not only talking wrong things.
Thank you for reading.
-A beginner trader
I bought at 0.398, take profit inside the green rectangular.
In 1h chart, the ichimoku conversion line succesfully crossed the base line which is a strong bullish signal. Furthermore, the price goes above the ichimoku cloud, it is a bullish signal too, and the 50 ema is close to the 200 ema, the Golden Cross.
Wait for it.
Now in the 4h the conversion line will cross the base line..