Where fundamentals outshine TA, XRP and AlibabaIt is still the early days for many coins!
Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000.
I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best time to capitalize on projects that you dont see holding longevity.
I highly doubt this will be a completely alt coin friendly world.
XRP is an example of a coin with strong fundamentals (integration with banks, developed network) yet weak TA (not much to analyze)
Often you will see coins showing TA that promises huge potential (massive bull flags, huge falling wedges), yet will have weak fundamentals. This i see as bait.
Choose your cryptocurrencies wisely.
I am long XRP.
Bix
Ripplebtc
XRP/USD ready to 0.10$Hello Trader,
On this quick analyses for XRP charts, we can see that we are inside a long-term downtrend channel, and we failed to broke above the key level, so we can be heading up to test the support of this channel, but for now the primal trend still bearish, so be careful with long positions.
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#XRP/BTC (June 29)XRP has yet to show us that it is a potential coin because its low profitability and many inadequacies in managing the number of tokens.
And of course, we can't expect too much of further price targets for XRP
XRP will continue sideways in July and the peak may be at just about 2100sts
Consider selling XRP if it falls off the 1900sts level as it will take you a lot of waiting time but for the low profit
🤢🤮 Ripple Has Not Looked Attractive. (XRP)💰 LET'S GET INTO SOME RIPPLE ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- 3day Chart
- Red Engulfing Candle
- 3/3 EMA DOTS Red
I displayed the the curve of downward price action as we have been dropping red consistently and have been red the last 3 weeks on ripple. Based off the curve of the overall trend I think this one could get real ugly. Your main Resistance is literally a straight drop.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
XRP: Descending Wedge Breakout Analysis 1D (Jun. 12)X Force Global Analysis:
In this analysis, we look at XRP's BTC pair chart on the daily to assess a potential bullish breakout scenario.
Analysis
- The first thing we note is the descending bullish wedge we are trading in
- XRP is consolidating within a descending wedge pattern, looking for a potential breakout
- Moreover, a bullish divergence has also formed, with lower lows on the price, and higher lows on the Relative Strength Index (RSI)
- The Stochastic Oscillator is at oversold territories, looking for a potential golden cross
- While the MACD's bullish histograms are decreasing, it has nonetheless formed a golden cross, and the potential death cross could be negated by a breakout
- However, we are currently trading below the 20 Simple Moving Average (SMA), and a break above that moving average is necessary for bullish confirmation
- Moreover, for the past few weeks, Bitcoin has failed to break and close above the Ichimoku Cloud resistance
- For a breakout to lead to a bullish rally, a break and close above the Ichimoku Cloud is imperative
What We Believe
While XRP has shown weakened momentum and price movement, technicals demonstrate potentiality for a breakout. The Ichimoku Cloud resistance is extremely strong, but a break and close above those levels could lead to a bullish rally.
Trade Safe.
XRPBTC is forming bullish Butterfly | Upto 113% move expectedHi friend hope you are doing wel, This time on weekly chart XRP with Bitcoin pair is forming a harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00002028 to 0.00001548 sats
Sell between: 0.00002400 to 0.00003300 sats
Stop Loss:
The potential reversal zone area that is up to 0.00001548 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 113% and as per above mentioned stop loss, the loss possibility is 23%
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
XRP SketchXRPUSD can be seen to be sitting on the ascending scallop, further breakdown of this scallop is likely. A 'ballsy' move would be to buy up the scallop, in hope that it doesn't break down.
XRPBTC can be seen to be in a falling wedge, looking for a breakdown then breakout
On the USD pair im also just having fun with the curved lines, no harm.
On the BTC pair I would like the next upward move to form the leg of the W
XRPBTC 3-Day Entry Zones
3 day chart shows a clear ichimoku cloud acting as resistance from XRP rising against BTC. Blue boxes indicate entry positions for XRP with a 200% upside potential to previous levels.
Price is currently testing significant long-tern support level. A break below could see price drop to the next major support level at 33% drop.