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
Ripplebtc
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
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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.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
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.
XRP possible range to tradeXRP found a temporary bottom here. The upward rally is not really impressive. I am watching both price at the bottom and at 0.00004 BTC to see if there would be a possible range to trade.
Watch RSI closely as it gets rejected at 75 really often.
Important Prices to watch:
0.00004 BTC (daily close)
0.000024 BTC
XRP downlink. The figure "Cup with handle." Pivot points.Upside potential for the channel height + 150%
Upside potential to the resistance of the "cup" + 32%
Upside potential "Cup with handle"
from the resistance line of the "cup" + 58%
from these prices + 90%
Who uses Stop Loss. Stop loss is placed under the downtrend line of the internal channel.
Know what matters is not the Stop Loss size, but the entry point!
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The coin is in the downward channel for about a year. It trades well along downtrend lines that act as support / resistance. At the moment, the figure "Cup with handle" is being formed, the cup has formed, the handle has almost formed.
The downtrend is playing the role of supporting the “Handle”. If we break it down (red zone), the price will most likely fall to the bottom of the downward channel.
If an upward movement starts from this trend, the first goal is the resistance of the "Cup" 0.000038 (this is + 32%).
When this resistance is punched, and the price fixes above it, then we confirm the "Cup with handle" figure - the potential of movement is + 58% of the resistance of the cup.
You also need to understand that if all this is confirmed, then quite possibly the price can reach the upper border of the channel, and this is + 150% of today's prices.
All the pivot points on which further movement will depend and the robot algorithm I showed on the chart and described above.
We are going to scalp Ripple !Hello, Traders!
Monfex is at your service and today we overview XRP/USD .
By breakout the local resistance we set a goal of 100% Fibonacci.
Or we can open a long position if the price will reach the local support zone.
The local resistance zone ~ $0.30285
The local support zone ~ $0.3
Active Trade Signal by XRP/USD
Buy by breakout the $0.303 or $0.3
Take profit ~ $0.3136
Stop loss at $0.2989
Market Cap
$13 047 756 798 USD
Volume (24h)
$2 060 893 049 USD
Circulating Supply
43 248 091 671 XRP
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
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.
XRP is Holding Key Support 61.8% Fibo levelXRP/BTC looks like it's holding 61.8% key support level. Two times tested this level and jumped back again with a big candle wick. Looks like retracement is coming to the end and price will go higher from this point. Press like & Subscribe to my tradingview.
Ripple on the edge !Hello, Traders!
Monfex is at your service and today we overview XRP/USD logarithmic chart.
The price is near the resistance zone , under the middle line of the descending channel and MA100.
If bears will take the price under a key support level and fix it near the local support lines, then we should expect a further decline movement.
But if bulls will hold their positions at the key support level, then we have more confidence in growth.
The resistance zone ~ $0.375
The key resistance level~ $0.327
The key support level ~ $0.285
Market Cap
$12 727 175 303 USD
Volume (24h)
$2 164 082 416 USD
Circulating Supply
43 248 091 671 XRP
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
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.