Ripple XRP wedge updateContrary to some uber ripple shills, I personally don't really like ripple. It's centralized, and stands for everything which I basically don't like.
However, I can't deny the brutal pumping potential behind this coin. In the past, it always was one of the best performing coins.
However, I am pretty convinved that it will NOT pump in 2019.
2019 is accumulation year, and many are disappointed the ripple didn't grow much, now that BTC went from 3k to 13k. Ripple in that same time barely moved.
Why?
Well, if we look into the past, it did EXACTLY the same in 2016-2017.
While BTC was already rising like crazy, it didn't move a lot. Instead, it was building a wedge from which it then would launch, over a full year after BTC had already started rising.
I think it will do the same again. Doing a wedge, like the one I drew, and then when most people are frustrated, and sold their XRP because it just won't rise, then BAAMMMM, it will start in
early 2020 to do a brutal rally.
Now, how high will it go?
If the 2017-18 rally was to repeat exactly like that, we'd see a 200 USD ripple. Now, before you brutally flame me as an XRP shill, let me say: I believe this to be unrealistic.
It will entirely depend on how high BTC will go.
If BTC goes to 100k, I think Ripple realistically would go to 30 USD, with luck 50.
If however BTC goes higher than we all thought, say 300k-500k, then indeed we could see 100-200 USD ripple.
But again, this is an ultra optimistic best case scenario, and we should not trade according to best cases, but more according to optimistic estimations.
I've bought quite a lot of ripple in the last months and I will add more, now that BTC might dip a little, XRP could hit 30 cents again. I will add to my longterm position when that happens and hodl XRP for 1+ year.
Because as Vespasian said: Money doesn't stink :)
Ripplebreakout
$XRPUSD sees dbl bottom and parabolic upswing$XRPUSD is long overdue for a correction and we are seeing bullish divergence making an entry for a quick short position looking better with volume confirmation to follow. Trade set at neutral as it is too soon to tell for a long position could unfold. Time will tell.
Stop loss is present. Trade carefully. Will update with more info later.
Disclaimer
This is not financial advise nor should be regarded as such. Always invest carefully and make your own decisions with your own money. Have a great weekend.
XRP Bull Run is ComingXRP is looking good at the daily chart. RSI is in oversold zone and will make a double bottom before the parabolic move starts.
The immediate support, for now, is 3500 sats and 3000 sats. Possible targets are 5000-6500-8000-10000-13000-16000 sats. Bitcoin another pump or dump will weaken the BTC pairs of alts surely. Alts season will come soon
Ripple longterm bullish, but XRPBTC will first fall before riseWell here is a different picture on Ripple.
I am a longterm ripple bull, and believe we'll see quite insane XRP prices in USD in late 2020 and early 2021.
As high as 30 USD, probably higher.
But in relation to BTC,
I think XRP will first continue to decline.
Therefore the USD price will not pump much before 2020.
I don't see XRP going much above 1 USD in 2019. I could be wrong of course,
but XRPBTC seems to be in a giant megaphone structure!
The strong VPVR support is as low as 1k sats.
And we can see that every time, since late 2013 ( I drew the first peak from coinmarketcap data), XRPBTC has been doing the same pattern:
Two tops, followed by a long decline, going back almost as low as the lowest low before.
So from 10k satoshis, to a few hundred.
Then in the 2015-2017 rally, we see that it went from only a few hundred sats to 20k sats.
And now a very similar structure.
So it could indeed go as low as 1k sats before the big pump in 2020/21.
If we stay in the megaphone, it could maximally go as high as 40k sats (upper limit), but might of course be again "only" to 20k sats.
Does it happen again?About 17 percents lower than the current POLONIEX:XRPBTC price, there is a major long-term trendline with a magnificent up-rise each time it is met. whether the COINBASE:BTCUSD rises and we have a sideway market in COINBASE:XRPUSD market, or any other scenario, we can anticipate the price meeting the old trend line.
If similar reactions to the trend line happen again, we can see at least more than 250% increase in POLONIEX:XRPBTC .
XRP/BTC: Pure DistributionIt can be seen that ripple has had a double top, which is noted in the chart in light blue. This form of double top is known as an Adam and Eve double top with a V top for the first one and a massive rounded top for the second one. The rounded tops or bottoms are some of the strongest most reliable patterns because they indicate a long duration of either distribution or accumulatio (with this case being distribution). The price objective which can be seen as the light blue arrow is a conservative one with a minimum price objective of around 2000 satoshis, (it can be noted that I did not accurately measure this to create an even more conservative price objective).
In addition, I indicated the current support and resistance as the green and red box, respectively, it is important to note how weak ripple is right now because it was unable to reach the breakout price of the double top which was about 6100 satoshis.
XRP doing a bullflag. Pump soon possible, but how high?XRP is doing a bullflag, which is a few weeks long, so we could see a pump starting at some point in July. But it could still drag on for a while.
The question is of course now: Will this be the big one like some XRP shills like to draw here on tradingview?
My opinion is: No.
The big XRP pump will start when BTC starts making new ATHs, thus, when BTC is at 25k, 30k and more.
Then XRP will do the very large pumps, at least it was like this during the last bullmarkets, and I don't see a reason why XRP should now suddenly change
its price dynamics.
I see XRP pumping to the 1 USD region however, this year. It's possible we hit 1 USD, and then decline back to 50 cent, and range for quite a while, until the real pump starts to north of 10 usd in 2020-2021.
However, if BTC really should do the gold chart that I posted, and go to 20+k in 2019, then of course XRP might also go well beyond 1 USD this year.
As always, it again depends on bitcoins performance. But I like to remain more cautious about stuff, sometimes even too pessimistic, as seen with bitcoin the last months.
But the real interesting action with XRP will start when BTC hits the 100-200k area. Then it will be quite insane.
Until then however, I see XRP only doing smaller pumps.
ripple is about to explodeI have been longing this coin for a while now, hope this move happen before July so that my position do not get closed automatically by Bitmex casino.
On Balance Volume (OBV) vs Price of XRP MASSIVE Disconnect!If we take a look at BITFINEX:XRPUSD we see that we are currently sitting at around 10% of the all time high in price.
When we compare this to On Balance Volume we see that we are currently sitting at 75% of the all time high, this is a MASSIVE disconnect!!
On Balance Volume measures the net inflow vs outflow of money into an asset, as we can see in the last pump that BITFINEX:XRPUSD has there was a HUGE amount of money that came into the asset, all while price only moved a little in comparison.
WHAT DOES THIS MEAN?
It means that there are some HUGE bulls buying Ripple, these same bulls do NOT want the price going up meaning they are in accumulation phase..
It also means that there is not a lot of money leaving BITFINEX:XRPUSD and the same can probably be said for BINANCE:XRPBTC
there are just not many sellers interested at this level.
I would keep a close eye on BITFINEX:XRPUSD moving forward as there are obviously some very rich and powerful people in on this coin, and when they want something to go up.. it goes up.
Ripple's Bollinger band squeeze marks big move incomingWe've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger Band.
Give uncertainty a kick in the pants!
Judd Armstrong
CryptoniteTV.com
XRP (Ripple) When Breakout Sir...!!#XRPUSD (Bitfinex)
Looking Awesome In Bigger Timeframe..So Keep Your Eyes On It.
Triangle Breakout Pending..
Buying Point & Sell Targets Mentioned In Chart..
June Will Be Good For XRP If BTC Remains Stable & Above 6600$ Area..
Hit Like Button For Appreciation..
Thanks For Your Time