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Ripplebreakout

Possible bull flag formation 1hr timeframe. Observations: Daily: Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion) 1hr: Possible bull flag formation. Support .35500 Resistance .37999 Currently watching equilibrium forming within flag, the break will give us a better idea where the market is heading. Game plan & possible scenarios: Moderate risk: Entry at pole break .37999 (Top box depicted in the chart) Moderate risk in my opinion given the amount of fake outs we've seen in the past, also would be buying at the top of the current channel that we are trading in. if this trade is taken, I will only enter with a small position(10% to 15%). STOP LOSS: set below 1hr support at .35500 Moderate risk: Entry at bottom of the flag close to support .35500 (2nd green box depicted in chart) Moderate risk in my opinion, given that we are close to the support. If this trade is taken, I'll be entering within the green box (25% of my total position), and watching the equilibrium. A bear break will have me exit the trade, a bull break will probably have us retest or break .37999 STOP LOSS: Set below 1hr support.355000 Low risk: If support .35500 breaks, theres a chance we re test the bottom of the channel (3rd and last green box). Low risk in my opinion, given how close we are to the daily support. If this trade is taken, Ill be entering close to daily support with a stop loss under it, given that is low risk my position will be bigger(50% to 75% of capital allocated to this trade) Disclosure: Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
by jemk88
I don't like $XRP but I like free money - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's Trade Corner! Today, we will take a deeper look at XRP and what it might have in store for us. Lets jump right into and look at the structure that we are seing right now. We are clerly seeing a rising support or what you would call a series of higher lows. This is indicating us already an important part of an uptrend. The specialty here is though, that we have two rising supports, which give us basically a rising buy zone in between each of them. Next, we see a clear descending resistance for the whole chart, which in essence is a series of lower highs. These two finding combined give us triangle or wedge formation. A wedge formation has a higher chance to break upwards than downwards. One more really important thing that I see here is that we are trending down and basically forming a faling wedge since CHRISTMAS!! This is crazy and XRP had no extreme moves during that time. Not even right now where almost every imaginable coin started pumping. This could either mean that XRP is dead, or that we will see major action relatively soon. So, we have a small downtrend (falling wedge) since Christmas, lets take a look at the volume!! Is the direction backed by the volume? No. Chart is descresing, volumeis descresing as well, meaning less and less people are incentivised to sell right now. Having these bullish signs, I will open up a new trade based on that. Now, one of the most important things about that is the STOP LOSS. Where should it be? A stop loss shoudl be at an invalidation point. Now, the invalidation point of the rising buy zone OR the possible double bottom? Here, remember the rule, after trendlines are broken, we need to break horizontals next. Meaning by that, the STOP LOSS should be below the possible double bottom, while you still have buy orders below the rising buy zone. This trade has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
Long
by KongTrading
XRPUSD | W1 | BULLISH — The beginning of the end?Analysis – XRPUSD | W1 | BULLISH The market is currently at an important key level, Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money. At the same time this is a very simple analysis. In terms of behavioural analysis price has formed a bearish pennant ; This typically means that price shall breakout with bearish momentum—yet the supporting trendline has failed to be, and also NEVER been broken. Price is currently in accumulation / a demand zone – it is inevitable(?) that price shall explode regaining control by the bulls. Please do not expect this to be the inauguration of the next “bull run” however. Price shall only increase with stabilisation & sustainability; longevity requires trust and the intricacy of market sentiment. This analysis also offence confluence in terms of a positive correlation coefficient to a bullish BTC . This is a simple analysis on what we should expect to happen in a normal market – yet, this isn’t a normal market and within the infancy of cryptocurrency it’s only normal to expect unprecedented volatility . Please note this is not financial advise. Thank you.
BITFINEX:XRPUSDLong
by IBNE4BBAS
XRP POTENTIAL SELL OFF - DESCENDING TRIANGLE FORMATIONNOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... As drawn there has been a bearish descending triangle that has formed on the 4H and 1D time frames. Sorry for the late delayed post, the price has reached the first price target (I accidentally forgot to post this when I first identified this setup!). and COULD reach the second region highlighted (around 0.30300USD) or look to turn back to the upside. - Scenario 1: If it goes towards the downside, XRP's price could reach the region around 0.30300 USD. This idea is mainly being projected from the 1 candlestick meltdown from the descending triangle , which could mean there is space for more. Moreover, on the 1D RSI , it is still not currently oversold, so there is more potential for this pair to melt on the daily time frame. - Scenario 2: As RSI states it is currently oversold on the 4H around the 30.0, it could signal a reversal towards the upside following a strong sell-off from the descending triangle . If so, the first major price projection to the upside would be retesting the resistance around 0.32200, and if this is surpassed, then towards the 0.33475 region. All resistance and support regions have been clearly marked in the blue coloured box. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
BITFINEX:XRPUSDShort
by ShaunLeo35
2
USD -XRP Ripple - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10 Date : Since 2013 ( 9 / 10 ) Volume 24 H : 50000 BTC ( 10 / 10 ) Available Markets* ( 10 / 10 ) Social Media Rate ( 8 / 10 ) Ranks ** 3 ( 10 / 10 ) Website ( 8 / 10 ) Type Ripple connects banks and payment providers via RippleNet. Overall ( 9 /10 ) The most important thing is not holding the XRP, it is where did you buy!!! $0.29 was my first buy level. My second buy order hit at $0.24 . Third buy order didnt hit at $0.18 I havent sold it yet, So I will keep it for a while. Will I buy more? Probably not at this level. Around $0.2 - $0.3, It will be a great buy zone! I am also bullish as long as it is above the bullish trendline. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
Long
by CryptoEngineering
XRP TO 0.40BITFINEX:XRPUSD ENTRY 1: 0.33912 ENTRY 2: 0.33947 SL: 0.334 TP1: 0.37766 TP2: 0.40399 Want to learn how to trade? Want to EARN while you LEARN with our signals? Want to be apart of a community of traders of all levels? Looking for extra income? Want to change your lifestyle and become a better trader? Through iMarketsLive WE can help you no matter what skill level you are at. Join us today to meet the community at NO COST. We are THE WINNING TEAM. The Winning Team Telegram Broadcast Channel: t.me The Winning Team Community Telegram Chat Channel: t.me
BITFINEX:XRPUSDLong
by crypt0whale
XRPUSD - PROFIT IN ANYWAYBuy Price: Green Zones SL: Below the 1 FIBO Profit: FIBO LINES Invest Suggestion: 20 Percent Profit Expectations: 10 - 50 Percent Looking at the chart of XRP , i see two things that will happen: 1 - XRP will hit the 0 FIBO support ( like did in the middle of Setember ), if this happen, rsi will be oversold, causing a reversal tendency! Also, this 1 FIBO is a very strong support! 2 - HMA 13 already crossed the 34 and 50 HMA! Macd lines crossed too and below the div line! So we have a growth tendency, but not confirmed yet! To confirme this, we need to XRP cross the 0.78 FIBO, then we will have a significant grow!! Guys and Girls, this is a risky trade due to BTC volatility , so, if hit the SL, SELL IT! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
BINANCE:XRPUSDLong
by CGCryptoTrader
1
XRP local bottom or lower we go? XRP seems to have formed a local bottom near $0.33 but volume has been missing since the initial drop Buyers did not step in as much as I'm sure most would have liked but we have been able to maintain the current support OB EMAs remain down-trending and price is currently finding resistance at the 13EMA A strong move above could see a retest of the supply zone above and eventually a retest of local highs If we fail here, the odds of a swing lower to take the liquidity below the white line is very likely and possibly new lows before moving up Again, most of the movement will be hinged to what BTC does so keeping a close eye on that if you're looking to enter a trade on XRP is warranted Thanks guys!
BITSTAMP:XRPUSD
by CM_Trades
6