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Ripplebtc

XRP 5:1 Buy a break setup!Ripple - Intraday - We look to Buy a break of 0.5055 (stop at 0.4937) We look for gains to be extended today. Price action looks to be forming a bottom. Daily signals are bullish. Our outlook is bullish. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Our profit targets will be 0.5645 and 0.6245 Resistance: 0.5000 / 0.5200 / 0.5600 Support: 0.4850 / 0.4600 / 0.4500
BITSTAMP:XRPUSDLong
by Signal_Centre1
5
XRP will drop at least 13% against BTC XRPBTC chart shows that there will be a drop of 13% in the price of the Ripple in Bitcoins to reach critical support. To make things worse for my Ripple friends, this drop can reach even +51%; if the support is broken. This means that if both cryptos drop, Ripple will drop faster than BTC (which was the case last week). It also means that BTC can rise faster than Ripple for a while until it rebounds. This is the prognosis for the next few days/weeks but this can change dramatically at any point in time if Ripple storms up again. For the moment, the chart demands this: Buy more BTC than Ripple for the next period. Or buy some BTC and sell some Ripple to hedge your positions. I know that some of you are big Ripple fans and you guys hate me saying Ripple isn't going to 50 dollars this years, or even 2 dollars. It might happen next years boys and girls.
Short
by FX_Professor
6
Ripple is the verge of tumbling from a high cliff Ripple is on the verge of a breakdown to $0.4 if support at the 200 SMA on the 4-hour chart caves. XRP/USD is likely to invalidate the downtrend if it closes the day above $0.5 or the 200 SMA. Ripple is trading under intense overhead pressure, risking a massive freefall back to $0.4. Losing the support at $0.4 was a blow to the progress XRP had made in November. For now, the path of least resistance is downwards, as seen on the 4-hour chart. The lower boundary of the descending parallel channel appears to be holding the fort for the bulls.  However, the Relative Strength Index has reinforced the ongoing bearish momentum. If the indicator hits the oversold area, selling orders are likely to increase significantly. The 200 Simple Moving Average on the 4-hour chart is also in line to offer immediate support, and buyers must hold this crucial support. Otherwise, XRP/USD could tumble to $0.4 (next tentative support area). The daily chart also confirms the bearish outlook, suggesting that the next critical support lies at the 50 SMA. Similarly, the RSI is in a sloping motion but has not hit the oversold area yet. This could mean that XRP bears still have enough room to explore before recovery comes into play. On the other hand, the bearish picture will be invalidated if Ripple closed the day above $0.5. Moreover, the support at the channel’s lower boundary as well as the 200 SMA on the 4-hour would secure the uptrend if they remain intact. The most significant upward movement for XRP would be to overcome the hurdle of $0.6. Ripple intraday chart Spot rate: $0.495 Relative change: -0.02 Percentage change: -3.4% Trend: Bearish Volatility: High
BINANCE:XRPUSDLong
by CoinGape
1
XRP on the Crossroads.XRP has been correcting for the past two weeks as the major breakout from $0.22 to $0.79 has to cool off before any more upside can be seen. This correction has led XRP to form a symmetrical triangle pattern which has bias to break to both sides, but usually break to the upside in uptrend. The support trend line of this triangle will very likely correlate with daily 20 EMA, which break of will bring bearish momentum, or a dip if you will. Trend line resistance of this triangle is located at $0.615 per XRP. Same as Bitcoin, a hidden bullish divergence is present, but a weaker one. Even though the price performed a lower low dip, the RSI is being calculated from close price, instead of the high and low. As XRP has currently retested the 20 daily EMA, which is the usual level where breakouts are finding support and are able to start another buying wave. MACD is on a strong selling wave, but when we look at the actual price action it is very mixed. Ideally for bulls, we want this selling volume to decrease as soon as possible, as in order to see another breakout to the upside, the MACD has to give a buy signal shortly. As dips still continue to attract buyers, there is no real bear sign yet and based on technical analysis on daily time frame we may say that the overall outlook for XRP is bullish. Key resistance $0.70 Key support $0.50
BITSTAMP:XRPUSDLong
by TiborVrbovsky
8