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Ripplebreakout

XRP respecting support zone! XRP continues to oscillate but respected that demand OB perfectly to the tick as we bounced straight out and just recently tested resistance on that sharp move from Bitcoin. EMAs remain flat but if price could get higher here, we could see them start to curl up, which could help a lot with the bearish sentiment going around. But we remain in this range so nothing to get excited about just yet but a break of resistance could cause people to FOMO back into XRP for those face melting rallies. Thanks guys!
BITSTAMP:XRPUSD
by CM_Trades
2
XRP could not break $0.46 POC!XRP continued to have trouble getting above the $0.46 POC level and as Bitcoin fell this morning it dragged Ripple and the rest of the market down with it as we had mentioned in previous posts. We have however bounced right at the bottom of this demand block and moved back above. A close above here on the daily would be very good for bulls but at the end of the day, we NEED to break this $0.46-$0.48 resistance zone. The EMAs are starting to curl lower and a bearish crossover wouldn't be too heartwarming for bulls. As long as we remain support here at this order block, we are still good. Thanks guys!
BITSTAMP:XRPUSD
by CM_Trades
XRP to the Moon or Dumpster?!?! Let's Find OutNo hype. Only facts here. We have a pennant forming on the 4HR Chart. This whole year has been a more bearish then Leo Dicaprio getting mauled in "The Revenant." Until the weekly downtrend gets broken (with a close) I'm still bearish on XRP. I'm curios to see what direction we break too. I would love to see the down side because I do slightly favor it, especially if you go on the 4hr chart. We just had a double top for and broke to a newer low (with a close below) The massive spike about a day ago was a 61% retest of the swing high to low fib on the 4hr chart. If this breaks to the downside I'm looking for a close around 45 cents, to consider it strong enough. For a breakout I'm looking for it to close at or bout 50 cents to enter. I need to see a big volume surge on either break for confirmation. I will update more once appropriate, Let's see what price tells us. Always open to hearing your thoughts! I gotta upgrade my damn memebership so I can show multiple charts lol (Looking for a head and shoulders completion to upside..there is one hidden in the pennant)
BITFINEX:XRPUSD
by elevatedinvestor
XRP possible break back up to highs?XRP has bounced making a higher low after hitting the previous swing high (dotted line) and is now attempting to break above resistance. The EMAs have crossed bullish and continue their uptrend BUT the fast-moving EMA is giving hints of stalling up here. We initially tapped the 50% FIB in the supply zone and are curerntly having trouble getting back above. A close above this zone will be bullish and put us back in the range before the break down. A failure to push higher here could results in a move back down to the trendline support. If we do break down from the trendline, we can clearly see where the POC area is for the next bounce spot around $0.33. Thanks guys!
BITSTAMP:XRPUSD
by CM_Trades
XRP has bounced but could still see $0.33!XRP has bounced after falling to $0.37 but it is having lots of trouble getting through this supply level, which is embedded in a FIB level as well. We have tried a few times and got rejected every time but the fast-moving EMA seems to be leveling off while the other still tries to catch up to price lower. A possible trade can be taken on a break below the EMA + rejection of this resistance level with stop being the high of the first attempt through the supply block. Always wait for confirmation and how Bitcoin is reacting but this trade could play out on another move lower with R:R setting up nicely. Thanks guys!
BITFINEX:XRPUSDShort
by CM_Trades
7
XRP trying to resume its run if it can breakout here! Ripple continues to remain pegged down by this supply zone and the EMAs as it tries to break out from that descending trendline. The lower trendline has been adjusted and we can see that it has tested near it multiple times and is now attempting to break past resistance and make its way back to the FIB level or the supply zone above. MACD seems to be signaling bull action as both signal line and histo are trending bullish as of now while RSI found support after breaking resistance and continues to trend upwards. We are also still sitting at a major POC area so until we break out of this, we will continue to bounce around. If Bitcoin does break higher here, we can see relief for altcoins including Ripple so keep an eye on that! Thanks guys
BITFINEX:XRPUSD
by CM_Trades
XRP NEEDS to hold this support zone! XRP has broken down from the triangle and cut through the demand zone where it now finds to be resistance. EMAs have now started to turn over and are about to crossover bearish. MACD continues to trend lower but the histo is creeping up a little while RSI did break above the resistance line but seems to be losing steam and might return back under and proceed lower. The safer trade here would be to wait for a break lower of this supply zone and take a trade on the retest having targets set at the FIB level, which is near 0.43. Thanks guys
BITFINEX:XRPUSDShort
by CM_Trades
Ripple / Bitcoin Long term Analysis**Double click the price line to show the chart since its on log scale. XRP made an impulsive move in the beginning of 2017. The arrow shows the impulsive leg since then it has been a big monthly correction. First drop from the high of may 17 was the A wave of the correction. Currently we are in wave B which is looking like it will form some type of flat structure. I'm using the regular flat for my forecast but depending upon the where the C wave goes it can either be a regular flat where it come to retest the high of a or it can fall short form a contraction flat with truncated wave. This possibility shouldn't be ignored while trading even though its not as probable as the regular flat. From here, I expect xrp to do a big corrective structure and then take off once more to retest those highs of jan 18 to complete the final leg of flat structure forming the B wave of larger degree. Following which we should get another impulsive leg down to test the lows of nov dec 2017 and break them before this correction can be considered complete and XRP can start a new impulse up.
by kryptowavetrader
XRP - Stuck in a range! XRP has been bouncing around this range tagging both sides numerous times without finding any interest of breaking out. We have currently tagged the upper trendline and lower trendline multiple times as we continue to expand as we move forward, which is called a megaphone pattern. If this pattern continues to play out, volatility will continue to increase as we move along. MACD continues to slide lower here as the signal line will soon join the histo in negative territory while the RSI continues to get rejected at resistance after failing to break higher! We currently remain in a no-trade zone as we await some type of volatility. Thanks guys!
BITFINEX:XRPUSD
by CM_Trades
XRP - Last HOORAH?!Ripple broke past resistance this weekend testing areas of supply before getting rejected at previous SFP highs and moving back down into once a resistance zone. There wasn't much volume on that move up but the rejection volume down into the support level did garner a rise in volume but held for now. This zone is key for any XRP move upwards as a break from this zone would cause a retest of the lower demand areas near $0.46. Break of the $0.437 areas could cause the price to make a full retreat back down to $0.39 however, we don't see that happening unless Bitcoin wets the bed. Both metrics for the MACD are hinting bearish so far and the RSI sees to be trending sideways and hasn't given a clear indication of direction yet. Price is currently finding hard to remain above the 1.618%FIB level and a close below here could spell a revisit of the demand zone below. Possible safe short scalp would be a break and retest of this demand zone all the way down to the FIB zone test on the last move down. Any longs would only be considered if we could get back above the $0.58 area. Thanks guys!
BITFINEX:XRPUSD
by CM_Trades
2
Is XRP about to moon?!XRP has been on a rally since 9/18 and has formed a bullish pennant on a daily chart. This could be a great investment opportunity provided that it continues to break out. Volume has been off the charts in September and if it keeps up with the momentum we can probably expect around 50% return, flag pole length can sometimes reveal next stop and in this case it can be around $0.92. Time will tell, in the meantime RSI is lingering in the overbought territory and MACD appears to be very positive. P.S. I am not a financial adviser so please do your own research before making an investment.
POLONIEX:XRPUSDLong
by bxcimu
Ripple (XRP) Let this coin move up, then short it. Buy and sell.Ripple will have a developers conference on the 30th this month, creating hype for another pump to 8000 levels. However, I have been trading the king of hype coins, Tron, for over 5 months and I know that these rallies take place before the event, and after the event price drops very hard. Therefore, we may set up another low risk short for XRP. You may wonder why I short only for XRP. That is because the risk is much lower if you get a very good entry, and it is very hard to predict the pumps due to it being a bear market. This coin has been moving up on high momentum, so one last rally may be possible. Therefore, long now Long: 7813 (Current price) I am using 100% of my capital with a very tight stop as this is a no brainer long. Take profit: Undetermined. Wait for a topping pattern or consolidation to form. Short: 8300+ (Ideal entry is 8400, but it the top may happen above or below, so start scaling in.) Stop Loss: 8700 sats Alternatively, if we break 8700, that may mean another rally upwards, but that will almost certainly not happen. Thanks for viewing!
Short
by HD1184K
20
Ripple - Bullish Motive Wave?What's exciting is that with Ripple for the first time since a 3/4 year, one of the top 5 has developed contrary to the bitcoin price trend. Could the trend reversal in the crypto area be slowly ushered in or is this still premature wishful thinking? In any case, Ripple has hit the possible turning point with a starting impulse due to the brilliant chart technical breakout and thus the ripple could already be in wave 4 of the 1. The breakout to 0.7644 dollars would have been the wave 3 of the wave 1. After a quick correction to the range of 0.40 in wave 4, in wave 5 it should go up to area 0.80. Depending on how dynamically the next few days develop, there will be a better prognosis ability for the further goals after completion of the pattern. Best regards Stefan Bode
BITSTAMP:XRPUSD
by StefanBode
Ripple (XRP) Rally looks to be done. Good short entry. XRP has not displayed a topping pattern yet, and due to the three rising methods, we have a 70% chance of breaking up. However, taking into account that we need to manage our risk, going short is the better option. Using basic market theory, when all the buyers have longed, price drops. So far we have realized that there is still support for XRP at this level, but I have noticed big take profit market sells, so most the buyers have left. We also failed to break the 0.236 level, confirming my theory. However, notice how each XRP rally goes to 0.5, then 0.236, before continuing down. So if we cannot break 0.236, that is our short signal. Short: 8937 Stop Loss: 9420 If we do break 0.236 for real, you may enter long with a stop loss close to your entry. You must have a stop loss either way as this trade could make or break your trading account if you use a good amount of capital. I am already in this short trade since 9150. My stop is 9420.
Short
by HD1184K
3
XRP - Rocket ship with no end in sight? XRP has rocketed massively over the past 24H and the entire move has yielded over +80%. Most people have probably FOMO'd into the trade at very bad prices and early this morning we rammed right into resistance and bounced off so far. Ripple has moved past the 1.618%FIB extension and even though we could see a move up into the next supply zone, both the RSI and MACD are in the clouds! We can't rule out a continued push higher because markets can remain irrational for a long time and its better not to get in front of a moving train but for those looking for an end of the rally should 1) look for some BTC weakness for a pullback and 2) attempt at a short with a tight SL around resistance levels. We could be experiencing both scenarios here and shorting the tap of resistance would have paid off so far and the targets would be a return down to the FIB level or if we get some momentum to the downside, we could see a retest of the breakout zone around the S/R flip at $0.43. As mentioned before, it's never a good idea to get into trades betting against the current trend but you must wait for signals that give you a better R:R before pulling the trigger. BTC could test $6900-$7000, which would be ideal areas to short the corn and possibly a safer place to short XRP. Stay safe! Thanks
BITFINEX:XRPUSDShort
by CM_Trades
5