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Ripplebreakout

Technical Analysis: Ripple Blasts Past $0.30 Ripple could retake its third spot in the market especially if gains are contained above $0.30. XRP/USD would seek support at the 12-day SMA, the 21-day SMA and the 61.8% Fibo in the event of a reversal. Ripple price is currently hovering above $0.30 after a significant growth pattern from the weekend lows at $0.26. There was an extreme struggle at $0.29 but the generally up-trending cryptocurrency market made it achievable. In August, XRP spiked above $0.30 severally but failed to hold above $0.3250 (monthly high). This dented the bulls’ morale because containing the gains above $0.30 become a big challenge. The surge above this critical level, comes amid Tether (USDT), expanding market share. This is not the first time XRP is losing its predominantly third position to the largest stablecoin. At the time of writing, data by CoinMarketCap shows USDT’s market capitalization at $13.432 billion. It is marginally higher than that of XRP, currently at $13.430 billion. On the bright side, the ongoing rally has just commenced. Trading above $0.30 is key to the bulls as it is likely to give XRP a boost above the next hurdle at $0.3250. More buyers are likely to join the market as long as XRP proves that it is able to hold above $0.30 short term support. Meanwhile, the technical picture is in support of the bullish trend experienced from the support provided by the 61.8% Fibonacci level of the last swing high at $0.3469 to a swing low of $0.1109. For now, buyers will remain at the helm of the price actions but in case of a reversal below $0.30, the 21-day SMA and the 12-day SMA will come in handy. The MACD and the RSI clearly show that in the short term, bulls will remain in dominance. Ripple Intraday Levels Spot rate: $0.3001 Relative change: 0.00292 Percentage change: 0.96% Trend: Bullish Volatility: Expanding
BITFINEX:XRPUSDLong
by CoinGape
7
XRP/USD False Channel Breakout? Recovery Stalls Short Of $0.30 Ripple embraces support at $0.28 but recovery stalls marginally above $0.30. XRP/USD is in the middle of a reversal from the resistance at $0.28; lower leg eyes $0.28 and $0.27 support areas. Ripple like Bitcoin scaled several barriers after this week after bulls built on the consolidation experience last week above the key support at $0.27. The recovery movement saw XRP climb above $0.30 and this time it sustained the gains. The leg up extended past $0.32 before the resistance experienced early in August came into the picture. A reversal on Wednesday affected the majority of cryptoassets including Ripple, Bitcoin and Ethereum. Bitcoin dropped under $12,000 and even refreshed levels slightly above $11,500. Ethereum, on the other hand, slumped from levels above $430 to confirm another support at $405. Consequently, XRP tanked under $0.30 on hitting the barrier at $0.3250. The bearish leg extended to $0.28 (short term support). Attempts have been staged to clear the resistance at $0.30 but the bearish grip keeps getting stronger. Meanwhile, XRP is trading at $0.2886 at the time of writing. A growing bearish grip is highlighted by the Relative Strength Index (RSI) after changing direction before hitting the average (50). The RSI is currently holding at 40 but could drop lower if the technical picture remains unchanged. It is clear that Ripple will take a longer time to rise above $0.30. In fact, the support at $0.28 and $0.27 could first be tested before buyers begin to build momentum for a massive breakout like the one on Tuesday. The break above the descending channel failed to materialize as XRP has lost steam marginally above $0.29 culminating in the ongoing return into the channel is expected as buyers seek formidable support, preferably at $0.27 if not $0.28. Ripple Intraday Levels Spot rate: $0.2880 Relative change: -0.0022 Percentage change: -0.76 Trend: Bearish Volatility: Expanding
COINBASE:XRPUSDShort
by CoinGape
XRP/USDT: Weekly Breakout Analysis 1W (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore XRP's weekly chart through bullish reversal patterns and the Elliott Wave theory. Analysis - To begin with, it's important to note that XRP has been consolidating within a descending wedge for a very long time - A bullish descending wedge during a downtrend is typically identified as a bullish reversal pattern - XRP is currently testing the Ichimoku cloud resistance, and a break and close above for confirmation is necessary for further rally - The Relative Strength Index (RSI) has broken out of a descending trend line resistance, reaching record high levels in months - Nevertheless, the RSI remains at neutral levels - The Moving Average Convergence Divergence (MACD) has formed a golden cross a while back, but seems as though the trend lacks momentum to drive prices forward to new highs - Counting Elliott Impulse Waves (12345), we could expect this current uptrend as wave 3 playing out. What We Believe While XRP's setup remains extremely bullish, we have yet to witness an actual breakout through the descending trend line resistance and the Ichimoku cloud. Should confirmation be provided, we could expect a bullish rally leading to record high levels this year. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
6
XRP/USDT: Bullish Elliott Wave Analysis 1D (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we analyze XRP's daily chart through bullish patterns and Elliott Wave analysis. Analysis - To begin with, XRP has broken out of a bullish descending wedge - After having formed Elliott Impulse Waves (12345), Prices started consolidating as it formed Elliott Triangle Waves (ABCDE) - Since it has broken out, it seems as though prices are forming an impulse wave pattern once again - Using Fibonacci retracement and pattern analysis, we could expect the breakout to lead to 0.265 USDT - The Relative Strength Index (RSI) is at overbought territories, but shows tremendous trend strength - The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms as a sign of strong momentum. What We Believe We believe that XRP is on its way to complete the breakout pattern from the descending wedge, and given that it provides further confirmation of a potential bullish rally on the longer time frames, we could even expect potential new highs. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
XRP/USDT: Corrective Waves Above Strong Support 1H (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore XRP's hourly chart, identifying key areas of interest by assessing significant support zones. Analysis - Just as many other altcoins on a rally, XRP is currently trading within an ascending parallel channel, forming higher lows and higher highs - The Simple Moving Averages (SMA) are in bullish formation, with the 20 SMA at the very top, and the 50, 100, and 200 SMAs trading below as support - Prices are also trading above the Ichimoku Cloud, as it has even bounced on the cloud before forming impulse waves - From an Elliott Wave perspective, XRP has formed Elliott Impulse Waves (12345), and is now looking to complete an Elliott Correction Wave (ABC) - Using the Fibonacci retracement, we could expect wave C to play down to the 0.382 Fibonacci support What We Believe While the overall trend remains bullish for XRP, it's important to wait for optimal entries to maximize one's position, by keeping an eye on significant support regions mentioned above. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
XRP/USDT: Approaching Immediate Term Resistance 15m (Jul.29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore XRP's 15 minute chart, identifying key support and resistance zones to determine its probable scenarios. Bullish Evidence - To begin with, it's important to note that just as many other bullish altcoins, XRP is trading within an ascending parallel channel. - It has been creating higher lows and higher highs - The 20 Simple Moving Average (SMA) has formed a golden cross with the 50 SMA, providing strong support for XRP - It has been going through phases of consolidations and breakouts. It recently broke out from a bullish pennant, and is currently consolidating once again - We also see a hammer candle marked by the green circle, indicating strong buy interest near support zones. Bearish Evidence - However, it's important to note that we are trading close to the channel resistance - We are also seeing local resistance at 0.23388 USDT, where the previous high candle had closed - A break and close above these resistance levels are necessary for further bullish movement. What We Believe We believe that it's important for traders to wait for confirmation on XRP's price movements for now. While the bullish momentum is apparent, prices are trading near temporary resistance levels. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
XRP/USD LONG TO THE MOON (HODL!)XRP Payments and E-Commerce PlatTECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION Ripple’s Director of Product Launches XRP Payments and E-Commerce Platform Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform. In a new Twitter thread, Craig DeWitt, says Payburner is designed to make it extremely easy to send and receive instant global payments. The new product, which started as DeWitt’s side project, functions as a non-custodial wallet. DeWitt says the responsibility of safely storing the funds falls on the users as Payburner won’t have access to their passwords. *XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ ILP ) Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each. But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability. While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones. Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets. Digital Assets Underpin Consumer Financial Products XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade. Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.” According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion. Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020. “Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!” Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets. Institutional Adoption of Digital Assets Accelerates For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions. Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne. CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year. While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears. XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.18, $0.16, $0.14 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average . We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels. BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50
BITSTAMP:XRPUSDLong
by MavRich_Trading
1
XRP/BTC 1W Jul. 25Suggested Entry: 2160 Target 1: 1915 Target 2: 1750 Target 3: 1560 Stop Loss: 2330 In a glance, the long term setup for XRP looks promising; it is trading within a descending wedge during a downtrend, which is a textbook pattern of reversal. However, it's important to take into consideration the fact that we have a 30% upside from a short position we could take. Candle patterns are showing a lack of bullish momentum, forming sequential doji patterns. Significant resistance levels are marked in red, support marked in blue. As the setup is inherently bullish, risk management is especially important for this particular position.
Short
by XForceGlobal
Ripple Price Analysis: XRP/USD Signals A Massive Spike Ripple price renews the bullish momentum after bouncing off support at $0.19. The formation of a bullish flag pattern hints towards a formidable XRP/USD rally past $0.20. Ripple price is attempting to change the narrative that has dominated its market since it hit a hurdle at $0.21 in the first week of July. XRP rallied impressively from lows under $0.17 in tandem with the spike witnessed in various altcoins. Unfortunately, the fourth-largest cryptocurrency failed to contain the gains above $0.20. The price was pivotal at $0.20 for some time before a Pandora box opened with XRP/USD dumping to levels marginally under $0.19. The weekend session experienced some impressive bullish actions with XRP stepping slightly above $0.20. Generally, the trading has been lethargic across the market with Ripple losing the ground above $0.20. Moreover, the losses corrected below the moving averages. At the time of writing, Ripple is trading at $0.1965. Bulls seem to be having a difficult task breaking the resistance at the 100 Simple Moving Average (SMA) on the 1-hour chart. On the bright side, a bullish momentum appears to be building towards $0.20 as long as the seller congestion at the 100 SMA and the 100 SMA is overcome. b]Ripple Price Bullish Scenario Ripple is mainly in the hands of the bulls even though price actions are not as rapid as investors would want. The ongoing bullish momentum is supported by the RSI’s upward sloping movement. In addition, the MACD is closing in on the midline with the potential of crossing into the positive region. The icing of the cake is the formation of a short term bullish flag pattern. A pattern like this usually points to a bullish action following a bearish trend. In this case, if supported by the right volume, a breakout above the pattern could catapult Ripple higher above $0.20. Ripple Key Intraday Levels Spot rate: $0.1965 Relative change: 0.0016 Percentage change: 0.82% Trend: Bullish Volatility: Expanding
COINBASE:XRPUSDLong
by CoinGape
Where fundamentals outshine TA, XRP and AlibabaIt is still the early days for many coins! Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000. I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best time to capitalize on projects that you dont see holding longevity. I highly doubt this will be a completely alt coin friendly world. XRP is an example of a coin with strong fundamentals (integration with banks, developed network) yet weak TA (not much to analyze) Often you will see coins showing TA that promises huge potential (massive bull flags, huge falling wedges), yet will have weak fundamentals. This i see as bait. Choose your cryptocurrencies wisely. I am long XRP. Bix
KRAKEN:XRPUSDEducation
by Bixley
Short Term Bullish Towards 0.26$ If Hard PumP 0.34$ Resistance. In march 2020 Ripple hit bottom out 0.10$ and back to between 0.17 to 0.19$ Area, Currently Price stable this level but Ripple’s XRP surged by 10.98% on Wednesday and hit Resistance 0.21$. 👍 Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me. Ripple’s XRP broke through the day’s major resistance levels to visit $0.2050 for the first time since 10th June. Currently, All coin looking bullish as altcoin season running compares to XLM, ADA. Currently, Chart showing the bullish moment on daily to weekly base, If price break 0.22$ we could see next resistance level 0.26$ and more hard pump towards 0.34$ alternative BTC must hold stable price above 8800$ to keep altcoin season bullish If BTC drop support level 8800$ then we could see altcoin follow up the downside. Midterm Ripple expecting To touch 0.74$ Resistance End of 2020 and long term price expecting to back 2017 Resistance 3.2$ ( 1-2 Year) Looking at the short to mid-term Technical Indicators: Major Support Level: $0.1910 Major Resistance Level: $0.2150 ✅23.6% FIB Retracement Level: $0.36 ✅38.2% FIB Retracement Level: $0.48 ✅62% FIB Retracement Level: $0.74 Please like, share, comments and follow me to get daily base analysis. Thank you for your support, I appreciate it.
POLONIEX:XRPUSDLong
by Allmypips
4
XRP/M20 & XRP/BTC On the lookout for the break ...I have been expecting XRP to start moving up for a week now after first a strong bullish RSI divergence on the daily and hourly timeframes. But as always nothing is certain and the market can stay irrational for a while. Now there is an even more bullish pattern, a falling wedge and these tend to break to the upside quite strongly. As I don't trust the XRP chart too much ( without big government/bank adoption the long term looks bearish ) and I know general sentiment in the crypto community towards XRP is quite negative, I would only trade this as a breakout trade. But if it breaks it will move quickly. The benefit of trading it through a M20 BitMEX derivative Contract is that you can use leverage and increase your Profit/Loss ratio quite a bit, with the stop loss just under the break level the risk is low. Be careful leverage trading is risky so manage your position sizing accordingly! If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
XLong
by VrotteOtter
1