Ripplebreakout
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
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.
XRP - Due for a pullback????Looks like XRP might be running out of steam and sitting right under resistance gives us a good R:R for a short trade. Be careful as this can still find the juice to test the high of the day again but let's give this another go! Stop above the previous swing high and targetting the breakout zone.
Stay safe and don't FOMO into BIG green candles!
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
RIPPLE: NEW RIPPLENET PARTNERS + 40 COUNTRIES - PROFIT = 86.16%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 18th of September 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 86.16% PROFIT!!!
The increase in price may also be explained by positive developments including:
The increase in price may also be explained by positive developments including:
July 30: A new Ripple (XRP)-based decentralized crypto marketplace, DCEX launches.
August 3: Coinbase Custody Considers Addition of 37 New Assets Including XRP.
August 8: Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies (adding Ethereum 0.97% Classic and XRP Trading Pairs).
August 15: Ripple is considering breaking into the Chinese market to apply its distributed ledger technology ( DLT -1.39% ) to cross-border payments
August 17: Ripple's xRapid brings on 3 new exchange partners. The 3 exchange partners include: Bittrex, Bitso and coins.ph. The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively.
September 12: SBI was able to complete Ripple implementation within 3 months and is currently the largest money transfer provider in Japan with 10 billion JPY in cumulative monthly payment volume. SBI is building on the success of its service and the popularity of instant remittances by expanding its work with Ripple through the jointly launched Japanese Bank Consortium.
September 13: National Commercial Bank of Saudi Arabia Joins RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide. According to the World Bank, 308 million dollars were sent into the Kingdom of Saudi Arabia with 37 billion dollars in remittances were sent from the country in 2016.
September 19: RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments. RippleNet is now active in over 40 countries across six continents (North America, Asia, Africa, Europe and South America). RippleNet’s newest corridors have a combined potential market that totals over $2 Billion in inflows over the last year including:
-InstaReM and RationalFX opened up new corridors from the United Kingdom to Malaysia, Vietnam, Indonesia, Sri Lanka and Bangladesh.
-Remitr and FlutterWave established a RippleNet corridor to Nigeria from Canada, the first connection on RippleNet in Africa.
-BeeTech and InstaReM created corridors from Brazil to Spain, Italy, Germany, France and Portugal.
September 19: PNC Bank, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments. With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large corporates.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
RIPPLE (XRP/USD) - Inverted Head and Shoulders!Currently, Ripple' makes a breakout from the bullish pattern called "Inverted Head & Shoulders"
If we can break the neckline $0.285 then our next resistance would be the round number at $0.3.
Over the weekend Ripple' breaks above the trendline, which is pulled from the 04.07. It got a bounce after we touched the trendline let's call this a retest. The retest bounce is supported by chart pattern what we mentioned above and currently looks very promising.
It trades above the 50EMA and now over the 100EMA, it's a very positive sign considering the current market situation where we can see a selling pressure.
We try to keep You posted!
Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis!
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Best regards!
RIPPLE: 3 NEW PARTNERS + CHINESE MARKET ENTRY? - PROFIT = 33.95%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 33.95% PROFIT!
The increase in price may also be explained by positive developments including:
July 30: A new Ripple (XRP)-based decentralized crypto marketplace, DCEX launches.
August 3: Coinbase Custody Considers Addition of 37 New Assets Including XRP.
August 8: Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies (adding Ethereum Classic and XRP Trading Pairs).
August 15: Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments
August 17: Ripple's xRapid brings on 3 new exchange partners. The 3 exchange partners include: Bittrex, Bitso and coins.ph. The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively
It is believed that a surge in volume is driven by the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
XRP. Expected fall and buing zone!since June 22, XRP sellers tried to break through an important price zone of 0.43-0.48$ and lower the price to the liquid zone of 0.23-0.25 $. The previous two ideas (" Juicy Short " " I do not believe in the global long " have run out and it's time to look for opportunities to buy this coin.
Buy zone 0.23-0.25 $. Of course, there may be failed low and consolidations that will go outside from this zone. I will correct the idea more detalied conserning the trading of this coin.
After a sharp fall, I expect a rebound to 0.33-0.35 $ and then I want to see an aggressive reaction from buyers to predict the global growth of this coin.
Was Correct About Ripple Dip - Ripple Rebound ForThe Short Play!XRP behaved as expected. Many people are quick to call tops without calling bottoms as well. Thanks to everyone who send me a message telling me about your profits! I hope everyone continues to make smart trades.
If you are holding XRP right now the only smart move to make is to switch to another currency you are positive is going to grow faster than Ripple - or wait.
As a professional trader I spend weeks or months waiting for assets to get to where I want them to be sometimes they are in the negative for most of that time. Crypto is a thousand times the speed of any other asset class - in a market that doesn't sleep. Some describe month long holds as "longs" whereas in other markets that would be a very short horizon.
In part due to the fact that the market never closes and also because there are no regulations against practices that are banned on regulated markets - Ripple sometimes trades its worth - other times it pauses before catching up. Ripple has an inverse relationship with Bitcoin whether we like it or not.
BTC appears to be tracing the bottom right-hand side of an inverse head at shoulders pattern. BTC is currently trading at $6500 and will rise to $7100 again by Aug 10th.
Ripple will gain momentum thanks to BTC and should quickly move back up to the 5700-5800 range from the BTC pressure alone. With the added momentum, we should see 61k sats again in short course.
I still believe in a $2 Ripple at some point this year. Summer trading has traditionally proven to be rewarded by the major gains seen in the fall!. Ripple is a good buy right now on the short play - or to add to your portfolio of "long" positions - the price is right.
Ripple Finally Safe To Buy/LongMajor alts have been showing strength for the last couple of days and Ripple POLONIEX:XRPBTC is the first one that gave a Buy / Long signal since mid June. We're still in a bear market and don't get your hopes too high for this move. But we can open a position with low risk.
We have 3 major resistances ahead:
7000
8300
9000
Let's watch these carefully for possible reversals.
As usual, we can be wrong and trading is about being profitable by keeping our losses small. My initial Stop Loss will be at 5571 satoshi .
RIPPLE--SOMETHING EERIE with all ALTS. PARABOLIC SAR DAILY.I am noticing something eerie with all of the alts.
I believe we are on the brink of a massive bull run .
The likes of which we have never seen nor could have enough time to prepare for.
My previous BTC long chart shows Parabolic SAR trend change on the weekly.
Now I am seeing Parabolic SAR trend changes on the daily for alts which were previously bearish for months.
WHAT IS PARABOLIC SAR?
It makes little dots on top of candles (bearish) and below candles (bullish).
Parabolic SAR is a TREND CHANGE indicator.
And a big one at that.
XRP BTC in Bittrex shows a daily trend change with the first dot starting EARLIER this year JUST LIKE Bitcoin last year.
Hold onto your pants.
We are going to the moon.
XRP BTC Potential Breakout on 4H chartWe had a strong breakout with high volume, I will be placing a buy order at the previous resistance of 5700k sats. If we retest this area and create a higher low then my sell target will be at the next strong resistance zone (7000k sats)
If it breaks down back down below the 5700 support I will have a tight stop loss at 5500 (about 3.5% potential loss). It is likely to retrace to this level as it's well oversold on the 4H RSI, however, If it does not come back to retest the 5700 zone then I will move on and forget about the trade.
This is a nice risk to reward setup of about 6.5 to 1.
Ripple Reaches the Apex...Bull Run Incoming?Hey guys. I'm back with another TA, this time on Ripple! Looking at the 4 hour chart, we can see that XRP has been forming a falling wedge pattern since its highs back in May. Time fibs show that another move may be upon us as we reach the apex of that wedge, signaling a strong move on the 12th of July. Looking at the RSI, we can see that XRP has been showing bullish divergence since it dropped to 8000 sats, failing to make lower lows as price has continued to fall. This bullish divergence is paired with MACD bullish divergence and buy signals crossing on both the AO and TTM Squeeze, which is also squeezing. I've outlined three routes XRP can take from here; go sideways and break out, drop down to 6900 to double bottom and then break out, or fall to 6900 and break through to make lower lows.
Now, my trade setup:
Enter 6900-7150 or on the break of the falling wedge
Stop Loss below 6900 double bottom (3% risk from 7110)
Targets are 7550, 7800, 8050, 8460, 8725 and 8950 short term; 9125, 9425, 9600, 10000, 10130, 11000, 12230, 12400 and 12710 midterm; 13560, 14800, 17600, 18400, 21800, 23000 long term
XRP Potential BreakoutThere seems to be a nice horizontal consolidation occurring at the moment leading up to the crossing of two major trend lines. Healthy gains may be achievable with a tight stop loss and large position size.
*The ideas expressed above are only my opinion and should not be taken as financial advice. With that said I do have a position in XRP, very bullish.
XRPUSD - Is Ripple Ready For Take Off ??!!Good morning Traders,
I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.
Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.
As long as XRPUSD stays above 0.63054 it should extend higher.
The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)
Let's see which one plays out.
Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.