XRP Accumulation zoneXRP is currently in its previous accumulation / breakout zone. However this buy is not supported by a strong regression downtrend of 0.78. Ichimoku shows a thinning area where a bounce off the middle of the downtrend is likely. Best to buy and hold at this level if waiting for a breakout.
Ripplebtc
XRP/BTC - Bullish div., heels dip in support zone, long?Couple of signals pointing to a bullish reversal and indicating long position:
1. Bullish div on daily Price vs RSI
2. Stoch RSI oversold about to cross on daily
3. We are in support zone so you can place some buys
3 options:
1. Go long now (~ 2500 sats) before immediate blue falling resistance is overtaken - Risky
2. Go long after a close of daily and probable test above blue resistance (~2700 sats) - Less Risky
3. Wait out the next moves to confirm direction. If afraid of bull traps, enter on retest of flipped resistance at ~2970 sats level.
Lets see:
Ripple In December, we caught ripple in the zone 0.180-0.186
and after that we can see an interesting reversal formation with confirmed volumes that you can see on the chart
After we reached the price of 0.253 we went down to the 50% level of fibonacci. formed a falling wedge pattern and it is likely that we will come to the price of 0.237 in the next week
In the 4th quarter of 2019, Ripple's XRP sales fell 80% compared to the previous reporting period and amounted to only $ 13 million
Best regards EXCAVO
XRP:BTC on the Edge of Strong Upside MovementHello All,
In my previous analysis about XRP:BTC I mentioned that this appears to be accumulation. Well, presented in my chart, we can clearly see the double bottom outlined in purple and the current downtrend is actually a descending channel (light blue) which is bullish. It can be seen that price action has tested the upper trendline of this channel and so far the channel has held strong, however price has not broken the critical support denoted by the neon green horizontal line (this line corresponds with an inverted hammer on the weekly). Given the time frame that a person is trading there are strong opportunities to make significant gains on low risk.
In addition, I would like to mention that there is a strong trendline happening on the RSI in this timeframe which is a great sign of accumulation in this region. I suspect an upwards movement to test the price points of 2800 and possibly 3000. Since this is close to the support on the 4hr RSI it is possible that this is a buy opportunity, but a tight stop would need to be in place.
If the price breaks out of the descending channel, the price objective is approximately 3050
Best of Luck and Stay Technical!
Previous analysis:
January Ripple (XRP) Price PredictionPrimeXBT will now be offering a technical and fundamental analysis overview of Ripple (XRP) .
Fundamental Analysis and News:
Ripple's potential status as security has been a subject of debate for years.
XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open-source technology and that they have no control or influence over its price. They have also gone on record stating that they have not manipulated the price of the token in any way.
It is important to note that the American Exchange Commission appears to regard XRP as a security.
So, is XRP security? The answer still remains unclear, and will likely remain this way for many more months.
Technical Analysis:
XRPUSD broke through the major resistance level of the falling wedge we previously pointed out, with an upside target around $0.278 per token.
In the near term, the Relative Strength Index on the XRPUSD chart is flashing some bearish signs, and some decline is expected from the resistance line of the ascending channel with the possible aim of $0.225. Once the price reaches this level, a strong bounce could cause a surge to the next target of $0.2668.
XRPBTC is facing hurdles near the resistance line of the falling wedge. If bulls can put forth more effort and push the digital asset towards its next major resistance level, then the price may hit its target zone.
Local Support Level: $0.23.2
Major Support Level: $0.22
Resistance Level (BTC): 0.00002965
Target Zone: $0.26 - 0.295
Target Zone (BTC): 0.00003380 - 3770
Market Cap: $10 269 175 412 USD
Volume (24h): $2 798 572 169 USD
Circulating Supply: 43 653 776 034 XRP
Please, let us know what you think about Ripple in the comment section below.
The best way to get consistent quality analysis is to follow us.
No manipulationsHello everyone, this is our view on xrpbtc (s-c-a-m), enjoy!
Analysis:
This will be a good coin to hodl during next altseason, but now we're supposed to see a strategy of ours as well. So now let me explain: price going down a bigger bull flag, we're now approaching lower line and we'll bounce from there. Then a falling wedge could take place as far as the parabolic move we've seen completes. Very interesting volumes as well. The W gartley you see is fractal based and fibo levels are attendible, so we believe that we're going further more down. Marked a lower low and a lower high, that will be a streak! Smallertimeframes ma already formed death crosses while higher lenghts are not able to recover. No ema below the price, so no dynamic supports. First target of a long trend will be 200ma. Now trying to breakdown wma10, if broken could lead the price to next lower low. Near to the lower bollinger band and they're very stretched. Very big ichimoku cloud above the price, that's the wrong way. No fisher. Many laggings (chaikin, moneyflow, stochastic) are forming bull divergences, while rsi and uo formed bear divergence instead. Golden cross for stoch smooth 50. Bearish momentum marked by ao and also by macd. After a huge G accumulation now trying to recover some F in order to pump the price again on greed & fear.
Strategy:
We believe this is a very good *scam* project, so we have many possibilities for the bulls.
Entry: 2457-2364
Target (mid-term): 2536-2604
Sell (hodl): 2708-3093-3300+
Stoploss: 2303
Moderate risk for good gains.
Trade safe. Anlvis.
XRP ANALYSIS! (BEARISH FALL BACK INTO WEDGE)XRP ANALYSIS:
XRP broke out of the falling wedge with a massive 15% rise, only to be rejected at the 50 MA. The rejection retrace ALL the way BACK into the wedge. This is not a good sign. If XRP is not able to jump back out and bounce off the 2675 temporary support, then I expect a further fall down to the low end support at 2400 sats. This would be a major double bottom and big buying point for the XRP community. I wouldn’t push an entry at the moment, until we see another break out of the wedge, or until bottom hanging support at 2400 is hit! 50 is below 100 and 200 MA and following a bearish pattern. For those holding an XRP existing position, remain in & keep your patience. Long term 3000+ sats will come, this is only short term bearish play.
Possible Entries: 2400-2450 sats
The Ripple Drop: Predictions for 2020PrimeXBT calls your attention to a technical analysis overview of XRP/USD .
Fundamental Analysis and News:
Ripple's Predictions for the Industry in 2020 and Beyond:
As we stand on the doorstep of a new year and a new decade, Ripple's executive team shared their predictions of what’s in store for the industry.
“I think you’re going to continue to see consolidation, you don’t need 3000 plus cryptocurrencies out there,” said Brad Garlinghouse, the CEO and Founder of Ripple. “I think the utility will bear out where you will see a migration to quality if you will. Technologies and cryptocurrencies that can scale with market demand with real use cases.”
Technical Analysis:
Ripple's price is still struggling to move above the $0.2000 level and all its recent attempts to rally have so far failed. The price is now approaching a key support area.
If XRP manages to surge above $0.2000 , it may visit its resistance levels at $0.2140 and $0.2300 .
On the downside, a decisive break below the $0.1850 level is needed for the bears to gain strength. The next major support zone is seen near $0.1800 - 0.1795.
In the near term, the Relative Strength Index on the XRPUSD chart may flash some bullish signs if XRPUSD declines to this support zone.
Local Support Level: $0.1900
Local Resistance Level: $0.1957
Support Zone: $0.1850
Resistance Zone: $0.1990 - 0.2025
Market Cap: $8 175 776 491 USD
Volume (24h): $1 103 740 007 USD
Circulating Supply: 43 337 903 409 XRP
The best way to get consistent quality analysis is to follow us. We’ll ensure that you don’t miss a thing!
We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
XRP Price ready for a rally of 175% to $0.50?Honestly, I believe that we're looking at the market cycle similar to the period we've experienced in December '15 and January '16.
Yes, market is completely different than back then, but market cycles tend to move the same way given market psychology and the human being. One difference; they move on new price levels.
Similar to that we saw that the Bitcoin bubble was similar to the Dot.com bubble in structure, in which the current equity markets start to look like a bubble as well.
Ripple was moving inside a narrow range for over a year, but broke down for the first time since. Similar to the movements we've had in 2015in which it broke down as well, only for once. The reason for it to take longer now -> markets mature and therefore take a longer time period to start cycling again.
In that perspective I'm aiming to see the blue horizontal line hold around $0,14-0,17 as a support zone. Target for this move would be $0,45-0,50 area as the range high. A move of 175%.
Given the sentiment on Ripple, but the amount of things they develop and progress, I've no doubt people only expect further downside.
If we lose blue, then we've got some serious problems going on, however, the pattern is once again similar to the one in 2015 -> not expecting.
XRPBTC Has Formed BAT Pattern And Ready For Upto 38% MovePriceline of Ripple / Bitcoin cryptocurrency has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the pattern's move:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this BAT pattern now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection then it can also lead to the long term bullish move, so as per Fibonacci sequence method we can set our targets as below:
Buy between: 0.00002668 to 0.00002527
Sell between: 0.00003005 to 0.00003509
Regards,
Atif Akbar (moon333)
ridethepig | XRP Market Commentary 2019.13.12After a week of very narrow range trading in XRP, we close the week with support holding and demand starting to show up. What will matter the most for XRP for the remainder of this year and into the first quarter will be how BTC developments play out. My view is that a reflationary theme via USD devaluation will carry the flows for 1H20, and if this view gains traction in the macro community as people look ahead into 2020, we could even see it begin to spillover with momentum in major Cryptos. For now I am marginally constructive and look to buy dips and a breakout towards 0.295x.
For those leaning on the long term BTC chart:
Thanks for keeping the support coming with likes and as usual the comments are open for your questions, charts and etc.
XRPBTC: Tightest Consolidation Seen in the Past YearXRPBTC has deceived many of us for the past months. This is the tightest consolidation found in the past year.
The 1D MACD Histogram has been working up to switch to positive momentum.
The Stochastic RSI has been coiling on the floor for days now.
This looks interesting.
Ripple is going to grow in short-termHello, Traders!
Monfex is at your service and today we overview XRPUSD.
The head of MoneyGram payment service, Alex Holmes, at a Swell 2019 conference, said that his company uses Ripple's XRP cryptocurrency to process 10% of U.S.-Mexico transactions using On-Demand Liquidity (ODL), formerly known as xRapid.
Ripple thawed another billion XRP coins. In 2017, the company blocked 55 billion coins. Now it is gradually thawing assets - at a billion per month. The experts believe that the coin expects growth.
From technical part of analysis Ripple has a bullish divergence by RSI. The price target for a resistance zone.
The resistance zone ~ $0.2823-0.2834
The support zone ~ $0.2704-0.2714
Supposed Trade Signal by XRP/USD
Buy near $0.2744
Take profit ~ $0.283
Stop loss at $0.2693
Market Cap
$11 937 206 804 USD
Volume (24h)
$1 408 225 480 USD
Circulating Supply
43 298 481 757 XRP
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.