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Ripple-btc

Ripple (XRP) - 6h. At $1.4 the situation will become clearerThe XRP market responds quite well to BTC provocations. If we compare the drop in the price of XRP and BTC from May 10, we see the markets sank almost the same - by 25-30%. However, the interest in Ripple is now much higher than in BTC. This is evidenced by the rebound in the XRP price after each seller attack. Yesterday's fall in the BTC market had little or no effect on the XRP price. This positive fact can highlight the strength of buyers and the greater likelihood of a continuation of the upward trend. However, for such a positive scenario in the XRP market , one condition is important - the price fixing above $1.6. As you can see in the chart, the price is now below this range and the intrigue in the XRP market is growing. If we look at the daily timeframe , we see that the XRPUSD price has gone beyond the black trendline, within which buyers have been building their attack since the beginning of April: Therefore, in order to rehabilitate buyers and confirm their strength, buyers need to gain a foothold above the mark of $1.6 the faster. On May 17, the daily candle closed in favor of buyers. Large volumes, which sellers tried to impose a struggle with, were confidently bought out by buyers with limit orders. However, the next 3 days of trading are as passive as possible. Such a market does not allow us to make a decision and makes us keep waiting. Looking at the XRPBTC chart , you can see an important range where the price stopped: The assumed local correction of the XRPBTC price and the continuation of the local downward trend in the BTC market will provoke a drop in the XRPUSDT price with the first target of $1.4. This mark is a local support for buyers. Having held this mark, buyers are likely to break through the mark of $1.6 and continue to rise to $2.5. However, we are relying more on a deeper correction in the XRP price and the formation of a global triangle: In this scenario, sellers will test the $ 1.2 mark and XRP price will continue to consolidate until mid-June. To summarize, we want to note: We will be ready to buy XRP either after the test $1.2 or after the breakout and consolidation above $1.6. The mark of $1.4 is a local level that can be targeted for a short-term trade with a short stop. ______________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
15
🔥 XRP/USDT Potential Break OutXRP has seen some strong bullish candles over the last couple of hours. At the moment, XRP is on the verge of breaking out of the channel, potentially signaling a new bullish trend. Before entering this trade I'd advise waiting for confirmation of a break out. Higher time frames yield a higher predicting power. In case of the price failing to break out, expect XRP to fall down to the lower support line of the channel. In case of a legitimate break out I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
34
XRP - 4h. The level of $0.28 again plays a key role.After an unsuccessful attempt by buyers on January 10 to consolidate above the range of $0.36-0.38, the XRP market stopped consolidating. A recent attempt by buyers to organize trend movement and consolidate above $0.31 failed. The critical point during this attack of buyers was the mark of $0.28 , which we wrote about in the previous idea : The range of $0.24-026 has stood the test of time again and consolidation continues. The new attack of buyers continues at lower volumes than the previous time. Therefore, it is too early to talk about the breakdown of consolidation and the mark of $0.31. At the moment, the price of XRP again stopped at $0.28 and is consolidating below it. If the price of BTC continues to put pressure on the range of $33400-3400 0 in the XRP market will occur shot to $0.31. However, the situation is tense and sellers do not need much effort to resend the price of XRP to $0.24-0.26 . Moreover, if you look at the graph of the pair XRPBTC - the triangle formed has almost the same chances of a shot both up and down. Therefore, for a short-term trade, we expect to fix the price above $0.28. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
28
RIPPLE vs BITCOIN - Will History Repeat Itself?I find this combination really interesting! Drop - Higher Low - Break - Rally! For now, the Drop is already done! The question is: Will this one repeat itself? We need XRPBTC now to make a Higher Low, then break above the previous swing high! For XRPBTC to go up, there are three scenarios: 1- Ripple UP, and Bitcoin DOWN (best case scenario) 2- Ripple UP, and Bitcoin UP but with Ripple moving up more aggressively. 3- Ripple DOWN, and Bitcoin DOWN but with Bitcoin moving down more aggressively. Let me know your thoughts ;) ~Rich
Long
by TheSignalyst
72
BITCOIN - HEAD AND SHOULDERS TARGETS | CME GAPS/KEY VOLUME ZONES An extension of a previous idea(s) on Bitcoin's future, as linked below Given a potential surge in DXY - Dollar Index, Bitcoin's crash may last longer and fall deeper than people expect CME price gaps are a strong indication of bounce zones as they work like magnets so GAP-1 is the first target Second target is the high volume zone from the second leg of the parabolic run up where a lot of distribution and trading will occur Lastly, the final CME GAP-2 will be a longer-term target, forming confluence with head and shoulders price target
COINBASE:BTCUSDShort
by JayanVarsani
2
An easy, almost riskless investment.To take advantage of this situation you just have to long BTC and short XRP with the same ammount, creating a hedged strategy. If BTC crashes XRP will crash even more, and if BTC keeps going up, XRP will not keep up because of the SEC action against ripple. The only scenario where you loose is if XRP goes up when BTC is crashing, an impossible one. The potential downside is limited and the upside is very large with all the money flowing from XRP to safer BTC.
BITSTAMP:BTCUSD
by Itamita