DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Hello! How are you? I do hope that you are all safe and sound as the pandemic already hit 28 Million infected mark. Good LORD! I still got high hopes that a vaccine may out soon. Let's just continue to pray.
Today I have seen a recovery in the world stock market and that's a good sign as people regain confidence. Let's just continue to be positive for a new bull market cycle not only in the stocks but also in the crypto markets.
As always, I will focus only in the XRPUSD intraday statistics and my price speculation or prediction ahead based from it. That also includes my current trading diary. I repeat that this article only applies to my own personalized trading using the indicators that I prefer and do not reflect the general market condition of the XRPUSD worldwide.
Today’s XRPUSD Intraday Snapshot Analysis will be based on September 9, 2020 trading day’s close at 00:00 UTC time for September 10th.
Chart was screenshot at 1:30PM Philippine time. Courtesy of Tradingview.com
Chart Legends:
The Green Flag represents my XRPUSD long position entry last July 16, 2020.
The Long Violet line marks the 2nd Highest Price of XRPUSD.
The Long Green line marks the Highest High of XRPUSD since my entry.
The Long Yellow line marks my current position’s value.
September 9, 2020 Intraday’s key statistics:
Intraday Open – 0.23655
Intraday High – 0.24300
Intraday Low – 0.23312
Intraday Close – 0.23900
XRPUSD Close Trading Price is up by 1.06% for the intraday’s market action
The trading volume reached 46.955M in buying spree!
The nearest support is just a little above the intraday’s 100-day SMA at approximately 0.23200+ while the nearest resistance is the same with yesterday's at 0.24400 level. All are based on the Bollinger Bands indicator for the Intraday.
Overbought-Oversold zones overall score is now 33-23 since my July 16 entry with Bulls leading the Bears in 10.
Dailyfx.com data shows the vast majority of traders in Ripple are long at 97.28%.
50-day SMA for the intraday close is 0.27029 and is higher compared yesterday.
100-day SMA for the intraday close is 0.23107 and is higher compared yesterday.
200-day SMA for the intraday close is 0.21414 and is lower compared yesterday.
My XRP Portfolio Statistics:
Today marks the 55th day of holding my 1st-entry XRP tokens.
My XRP portfolio is up by 108.56% as of September 9, 2020 close.
100% of my total XRP coins are locked in my XUMM wallet for the upcoming Spark Tokens Airdrop this December 12, 2020.
I bought another 2 XRPUSD long positions today giving me a new total of 3 Open Trades which are all in a winning position. ;-)
My XRP Price Speculations/Predictions:
After the XRPUSD bottomed as low as 0.22977 cents in the last 5 days of trading, the cross-border settlement token is retesting the 0.25 resistance in today's intraday.
You may read the news below as a conclusion of my report for today:
Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum
As reference, you may also read my report yesterday in case you missed it:
My XRPUSD Trading Diary Plus Intraday Snapshot Analysis For September 8, 2020
Please read again my disclaimer above! :-)
That’s all for today. Don’t forget to write comments below this article for any corrections, questions or additional info that I might have missed.
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you! HAPPY TRADING.
May the LORD Almighty God bless you and keep you safe always in Jesus name! :-)
