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April 2023 XRP Predictions and Trades (Paid Version)

Updated: May 26, 2023



  • Month’s Theme: A U-shaped dip that takes place near the intersection of two perpendicular diagonal trend lines. We’ll have some breaking through resistance and bumping up against resistance toward the end of the month.


  • Behavior Around the High: A prominent move higher through a key resistance level on a one-month chart. We’ll stay above it briefly and then break back down through the same price level shortly thereafter.


  • Behavior Around the Low: We’ll revisit a support level that we recently broke through.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position for a day trade on the 2nd in the midst of a decline. I would close that long position early in the day on the 3rd at a highest high.

    • An opportunity to open a short position on the 7th. I would close that short position after declining through multiple support levels on the 8th.

    • An opportunity to open a long position in the midst of a low between the 10th and the 12th. I would close that long position at a peak or crest on the 21st or 22nd.

    • An opportunity to open a long position in the midst of a decline on the 20th. I would close that long position on the 21st if not on the 22nd at a peak or crest.



Overview



Week One (4/1-4/8)


On April 1st, there’s probably a bit of a decline between the 1st and the 2nd. Out of that, there’s a fast, sudden move to the upside where we push the upper end of a range higher. We’ll come into a crest on the 3rd. We’ll decline from that crest down to and through a support level, do a U-shaped reversal, and then come back up to reuse that support level as support. On the 4th, there’s a notable move to the upside. There’s a failed attempt to break through key resistance on a multi-day chart followed by a decline through key support on the 5th. We’ll have sideways rotation along a key support level on the 6th. We’ll rise to meet the nearest resistance and then come back and continue rotating sideways along support. On the 7th, there’s a bit of a rally off of a trough early in the day, however I’m advised not to chase that rally. On the 8th, there’s a day trade opportunity and a prominent trough or low that will stand out.



Week Two (4/9-4/16)


On the 9th, there’s a sideways fluctuating rally into a prominent crest or peak that precedes a decline. There’s an important resistance level that’s highlighted on a multi-day scale. We’ll decline pretty hard from that resistance level into a lowest low toward the cusp of the 10th and the 11th. We’ll have a bit of a retracement back up and then another decline into the cusp of the 11th and 12th. We’ll see some bullish price swings on the 12th. There’s a notable reversal early in the day on the 13th. There’s a holding pattern with a pop and drop and possibly an agreement between two leaders on the 14th. On the 15th, we’ll have three pokes through the same price level followed by a sharp decline after the third poke. On the 16th, we’ll decline to and through a support level on a multi-day scale. We’ll come to another support level and then rotate sideways along that support. There’s a notable move to the upside from a trough to a peak at the end of the day on the 16th.



Week Three (4/17-4/23)


On the 17th, we’ll have a notable rally that increases with momentum moving forward. On the 18th, we’ll attempt to reestablish support. On the 19th, we’ll have a prominent move higher followed by a full retracement of that move back down into a decline on the 20th. That decline marks a day trade opportunity on the 21st in the midst of a rally along a diagonal trend line. We’ll break through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels. There’s likely a highest high if not the high for the month on the 21st. There’s a trade opportunity on the 22nd in the midst of a crest. There’s a notable sell-off toward the end of the day that turns into a notable rally on the 23rd. That rally ends on the 23rd and is followed by some sideways rotation along key support on the 24th.



Week Four (4/24-4/30)


There’s pretty mixed behavior on the 24th. Into the 25th, we’ll have a significant move higher that reaches for a distant resistance level. We’ll have equal amounts of bulls and bears trading creating sideways fluidity along key support on the 26th. That’s followed by a sharp decline through multiple support levels toward the end of the day on the 27th. There’s a prominent move higher standing out on a multi-day chart on the 28th. We’re bound by the upper end of a range on a multi-day scale on the 29th. There’s a key technical resistance level highlighted on the 29th or 30th. There’s a significant amount of price movement to the downside off of that resistance level on the 30th.



Sneak Preview


In May, there’s a key price level highlighted.




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