Ripplebreakout
Quick look at where XRPUSD stands early MondayHello guys,
The XRPUSD pair could not find its direction during the weekend after moving above the 50-day EMA and the downtrend line on Thursday and Friday. The major altcoin climbed up to $0.195 on Saturday, but could not continue with its good performance on the last day of the week and formed a similar candle, but in the opposite direction. The XRP ended the last seven days at $0.188, remaining flat for the period.
For the moment the price is responding pretty well to the support levels. As you can see on the provided chart, we are following our plan of action with no major obstacles for the moment.
The next target up is naturally the $0.20-$0.215 zone, which already proofed to be quite a strong resistance earlier this month.
Down we need to avoid a drop below the 50-day EMA and the $0.18 mark. It is very likely to see a re-test of that zone though.
The RSI is not ideal and we are struggling to move above the downtrend line. Volumes remain stable in the $1.9-$2.0 billion area since Friday.
I cannot see anything interesting on the 1h chart for the moment - bulls are finding support at $0.19, but could not get passed $0.195 for a second consecutive time in the last 10 days.
I'm overall bullish, at least in the short to mid-term and up to $0.23. In the long-term, we are still in a serious downtrend since July 2019.
Cheers,
Long term Looking 2017 Year Price 3$ Short Term 0.50$ =Next BullAll Eyes On Bitcoin
XRP pointing to the $0.2£ price point as a potential target for a long 0.26 and more upside Resistance 0.3250, 0.3812 and 0.44$ to 0.50$
The technical building a bullish case for XRP, the altcoin’s price action is largely dependent on that of Bitcoin, as the market leader’s directionality dictates the overall trend of the crypto industry.
Wait for Next BITCOIN BULL RUN, BTC 7400$ break can go bitcoin 10k and 12k$ That bull run can drive XRP back 0.50$ with correction.
🛑SUPPORT/RESISTANCE
✅S1= 0.15$
✅S2=0.12$
✴️R1=0.26$
✴️R2=0.34$
✴️R3= 0.44
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Where your moon boots at?Nah just kidding I'm not a moon boy nor am I negative about XRP. I do hold it because there is real potential and its ultimate goal is fairly simple and it is also useful...which some major banks and organisations are patterned with ripple. It amazes me that other cryptos out there are trading a lot higher than XRP that don't actually hold much value or their goal is not actually widely beneficial.
DYOR - these are bottom prices for some cryptos and i'm more than willing to buy them. XRP has not "mooned" or exploded yet because there isn't a demand. Once the supply drys up then the demand follows and that's where price climbs and yes I know there is lots of xrp that gets released from escrow every so often.
Looking at this chart though its just asking to rocket...there was a tweet floating around that said the market cap is way off for xrp and over 70% has already been bought which did look legit? again dyor.
If ripple did an IPO then I would look to sell some xrp and buy the IPO.
XRPBTC BULLPEN OPEN!!No oped on this one -- figured I'd keep it short & sweet. Head & Shoulders indicator coupled with massive volume surge led me to dig futher.
Green Horizontals represent TP1-3 with TP3 a midterm sweep.
Red horizontal worst-case stop.
Markt VOLATILITY: HIGH
Keeping this publication NEUTRAL as next move is contingent on BTC price volatility.
Risk/Reward: 25/75
BB / KC / VOL / Sqz & RSI all seem to bolster this bullish breakout (long overdue IMHO) as XRPBTC has been looming around trading sideways since the middle of last quarter.
Peace & Love all
@A1mtarabichi
Wedges anyone? Pt.2 XRPXRP has formed a descending broadening wedge
This is very bullish when assigned to a daily chart
Is the long shake over?
Target upon breakout would be the top of the fib spiral, it can also be seen that the resistance of the fib spiral has been broken, creating new possibilities for a breakout
My previous idea showing an ascending scallop which is bullish after a pullback
And the MA bounce that will most likely occur on XRP
RippleSymbol: XRPBTC
Ready to see how this closes on the 13th for a weekly close. I'm liking the potential of these signals. Curious to see how alts play with this btc sell off.
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XRPBTC forming bullish Butterfly | Upto 55% move expectedHi friends, hope you are well. In my previous post on Ripple with Bitcoin pair we have seen that the XRP had completed the formation of bullish BAT pattern. This chart was based on midterm 2 days time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level.
Then we have seen that the price action moved up and entered in the target sell zone and produced more than 38% profit.
A new harmonic Butterfly pattern:
This time again on 4 day chart XRP is forming another harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone to give another chance to earn more gains.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 1.27 to 1.618 Fibonacci level.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00002272 to 0.00001974 sats
Sell between: 0.00002502 to 0.00003060 sats
So this midterm trade has capacity to produce upto 55% profit.
Stop Loss:
The potential reversal zone area that is up to 0.00001974 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
XRPXRPUSD showing positive momentum through a falling wedge, also within a descending broadening wedge which is a bullish reversal pattern. Another falling wedge is present above the one price is currently trading within. Is this simply a big shake? Fractal composite ribbon can be seen to show signs of an inverse H&S (let me know if im using this wrong, I've never used it before, always room to learn). Calling bottoms is difficult prob impossible, and shouldn't be done, but XRP is setting up a very 'hidden' bullish setup with these wedges it has formed. Best to go long like me :)
XRPBTC formed bullish BAT pattern for another bullish moveHi folks hope you are doing good, in my previous idea of Ripple with Bitcoin pair we have seen that the XRP had formed a complete bullish BAT pattern and on 2 day chart. The formation of that pattern was started on 6th September 2019 and completed in December 2019 and we have seen that on 2nd Feb 2020 the price action moved up with the powerful divergence and produced more than 32% profit.
Another bullish BAT pattern has been formed:
This time on 12 hour chart after successful formation of previous bullish BAT pattern the Ripple with Bitcoin pair has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00002573 to 0.00002519 sats
Sell betweeen: 0.00002703 to 0.00002896 sats
So this short term trade can produce upto 14% profit.
Stop Loss:
The potential reversal zone area that is up to to $0.00002519 can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
XRP to re-take $0.30 after succesfully defending the $0.28 zoneXRP was absolutely perfect in findings its support at $0.285 or Fibb 38.20 on February 17. It moved up to $0.30 on the next day, but bulls were rejected there, which lead to a drop below the 10-day EMA.
The XRP/USD pair is trading at $0.291 - $0.30 range on Wednesday.
What we are looking for here is a break of $0.30 and eventually, $0.31-$0.315, which was an important zone with local highs back in September and November 2019. A drop below $0.28 and the 20-day EMA will mean next step will be $0.265 and Fibb 50.
24-hour trading volumes remained in the $3.8 $4 billion zone since Monday morning with sporadic drops to $3.5 billion.