XRP has bounced but could still see $0.33!XRP has bounced after falling to $0.37 but it is having lots of trouble getting through this supply level, which is embedded in a FIB level as well. We have tried a few times and got rejected every time but the fast-moving EMA seems to be leveling off while the other still tries to catch up to price lower. A possible trade can be taken on a break below the EMA + rejection of this resistance level with stop being the high of the first attempt through the supply block.
Always wait for confirmation and how Bitcoin is reacting but this trade could play out on another move lower with R:R setting up nicely.
Thanks guys!
Ripplebtc
Ripple TARGET HIT!!!Ripple finally broke below the support zone it needed to hold. Profit target was hit and 12% was made on this trade. We have bounced on the FIB level so far and we could possibly expect a move back up to resistance before continuing lower again unless buyers step in here and push us back above the supply zone!
However, BTC will dictate the market with its price movement so we must keep an eye on that!
Thanks guys
XRP RippleNow Xrp is in a small correction but it won't go down same as before.
it found support on the EMA 200 on the Daily Chart, indicators go down but XRP still stay here. so that's great for now.
if it breaks down it will go around 6000Sats.
XRP Alreadfy turned Green on Weekly indicators so the bears have less Power than before to make it down.
Just BTC King can be a problem if we drop again below 5800$, alts will follow the King. so like always.. keep in eye on BTC...
that said after this correction and for the long term...XRP can push to 27000Sats on the next bull run (+270%).
Love it or Hate it.
Happy Tr4Ding !
XRP must hold support or else we go back to $0.30XRP continues to trend lower and we fully expect our profit target will get hit in the near futures. After rejecting at the previous SFP, price continues to trend down with the EMAs and people could be looking to long the demand zone below, HOWEVER, we must hold this region or price will drop like a rock back down to the initial break out zone.
Thanks guys
XRP/BTC 1H Chart - next movesHello all,
So XRP/BTC broke through the descending trendline with good volume but not much follow up. This is important as it teaches us not to buy the breakout but to buy the retest of the support once the breakout happens. There was also an ascending channel that was broken down and currently formed another acsending channel and we are sitting at support.
Couple of observations:
1. Low volume atm
2. BTC trying to move past that darn 6 660 resistance and stay above it
3. RSI at support as well
4. Overall market sentiment today seems weak
Next moves:
1. We bounce up from support and hit top line of channel
2. We break down of channel to lower support levels and bounce up to now resistance line channel
3. We light a match, take a kerosine piss and fire up our gains and go down to lower support which was my initial goal before the break of the trendline at around 6900 sats.
Just follow the price action. Me personally, I can go a bit long here with stop loss below the support line and watch for price action at the top of the current channel.
Thanks for reading!
XRP down to our Target zone! XRP has come down nicely to our projected profit target within a few days and one could have taken the majority of their profits on that last swing lower. Stops could have also been moved in profit for this trade to bare no more risk.
Check chart for annotations!
Thanks guys
Ripple (XRPBTC) Retraces (Next Support / When to Buy)Ripple (XRPBTC) continues its retrace after a very strong and wild bull ride. Its price increased from a low 0.00004010, all the way up to 0.0001175 (180%+).
Now, the question for us is the following:
How far down can Ripple (XRPBTC) go?
It all depends on the market, so we look at the different possibilities, here are my XRPBTC support levels:
(1) XRP will find support first around 0.0000652 and 0.0000673, which is between EMA50 and EMA200.
(2) If this level holds, XRPBTC can either bounce from here and continue moving up or consolidate sideways before the next move.
(3) If the above level doesn't hold, then we look for our next support. That is 0.0000608.
(4) Finally, I think the lowest we can go before the next move up is 0.0000542. We should find support here and resume our up wave.
These are my support levels for Ripple.
Thanks a lot for reading...
Namaste.
P.S. If you found this analysis useful, feel free to like, follow, share and comment for more...
Weekly chart:
Ripple (XRP) Made 27.74% on XRP in past 6 days. New trade setup.The past three XRP trades I have gained 13%, 5% and 9%. You may check them out in the related ideas section.
XRP is now approaching weak support, and looking at past fractals, we should get a bounce back to 7780 at the very least. Even if we do not, it is almost certain we will get a bounce here.
Therefore, you may long.
Buy:
7000 satoshi
Stop Loss:
6840 satoshi
Take profit:
Manual. I am aiming for 7700+ but it is very hard to tell exactly.
However, if XRP holds at support but breaks bear fractals, it is very likely another drop is coming, so be wary.
If XRP does bounce, it is good to short the bounce, as we have broken long time support already. The short entries are listed on the chart. I personally am already short XRP and in great profit, but I will join this long trade on an alternate account.
Thanks for viewing! I read all the comments and reply instantly. Keep in mind the S-886 pattern is not meant to be taken seriously haha.
Ripple isn't looking so swell... In the case of Swell and xRapid launch, this to me looks like a buy the rumor, sell the news type event as we also saw last year.
We might see a short term bounce before the eventual downturn plays out though.
Even with Bill Clinton as a keynote speaker, XRP didn't pump... *SHOCKER*
"I did not have encrypted relations with that currency." - Slick Willy at Ripple's Swell Conference.
CREDIT: CryptoDog
I base a lot of my trading off of the RSI indicator as I prefer to examine force (momentum) over trend.
Force shows us where the price action is dominating.
To determine which way it's going to go, you have to determine the most dominant time frame. (What are all the traders trading off of.)
On the daily chart, XRP currently has a very strong bearish divergence shown here, which I think will play out over the next 3-4 days.
On the VPVR, we have a strong support at the 7000 level and 8000 level.
On the 4 hour time frame however, we can clearly see two strong hidden bullish divergences.
On the first one, we saw a strong move upwards to break through the 8000 level.
So, short term we may see a small continuation upwards as the hidden divergence plays out to the upside. We may see it retest the 9400 level before forming a double top and falling back down and seeing the daily bearish divergence play out.
If you do take this trade, I would set your stop loss under 8000 as that is where the strongest support is on the VPVR.
As a long trade, this doesn't have a great R:R for me (risk/reward), so it's not something I plan on trading myself, but I do plan on trading the short if we see the 4 hour turn bearish and break the current support trendline.
Good luck!
XRP continues to look weak and could revisit breakout zone! Ripple continues to look weak and after breaking below the supply zone and finding resistance at the trendline , XRP might want to revisit the demand zone below! This, of course, can be negated if we get higher and close above the trendline but more importantly the resistance zone.
Check chart for annotations!
Thanks guys
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
XRP trying to resume its run if it can breakout here! Ripple continues to remain pegged down by this supply zone and the EMAs as it tries to break out from that descending trendline. The lower trendline has been adjusted and we can see that it has tested near it multiple times and is now attempting to break past resistance and make its way back to the FIB level or the supply zone above.
MACD seems to be signaling bull action as both signal line and histo are trending bullish as of now while RSI found support after breaking resistance and continues to trend upwards. We are also still sitting at a major POC area so until we break out of this, we will continue to bounce around.
If Bitcoin does break higher here, we can see relief for altcoins including Ripple so keep an eye on that!
Thanks guys
XRP NEEDS to hold this support zone! XRP has broken down from the triangle and cut through the demand zone where it now finds to be resistance. EMAs have now started to turn over and are about to crossover bearish.
MACD continues to trend lower but the histo is creeping up a little while RSI did break above the resistance line but seems to be losing steam and might return back under and proceed lower. The safer trade here would be to wait for a break lower of this supply zone and take a trade on the retest having targets set at the FIB level, which is near 0.43.
Thanks guys
Ripple / Bitcoin Long term Analysis**Double click the price line to show the chart since its on log scale.
XRP made an impulsive move in the beginning of 2017. The arrow shows the impulsive leg since then it has been a big monthly correction.
First drop from the high of may 17 was the A wave of the correction. Currently we are in wave B which is looking like it will form some type of flat structure.
I'm using the regular flat for my forecast but depending upon the where the C wave goes it can either be a regular flat where it come to retest the high of a or it can fall short form a contraction flat with truncated wave. This possibility shouldn't be ignored while trading even though its not as probable as the regular flat.
From here, I expect xrp to do a big corrective structure and then take off once more to retest those highs of jan 18 to complete the final leg of flat structure forming the B wave of larger degree.
Following which we should get another impulsive leg down to test the lows of nov dec 2017 and break them before this correction can be considered complete and XRP can start a new impulse up.
Ripple Maximum Down trend as Projection toolRipple Cross line 4th January 2018 Down fall started, horizontal Cross line show a maximum up trend after down fall of ripple
Now if we see as projection area from maximum down support 42221 to Resistance 11772 up trend end.
as projection third point touch a Support 71017 if down trend is continue then maximum down fall at 71017
we follow now short trade for short term because to Fundamentally to many news available about Ripple.
Bottom up trend line show a bullish trend after falling on support 71017.
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XRP - Last HOORAH?!Ripple broke past resistance this weekend testing areas of supply before getting rejected at previous SFP highs and moving back down into once a resistance zone. There wasn't much volume on that move up but the rejection volume down into the support level did garner a rise in volume but held for now. This zone is key for any XRP move upwards as a break from this zone would cause a retest of the lower demand areas near $0.46. Break of the $0.437 areas could cause the price to make a full retreat back down to $0.39 however, we don't see that happening unless Bitcoin wets the bed.
Both metrics for the MACD are hinting bearish so far and the RSI sees to be trending sideways and hasn't given a clear indication of direction yet. Price is currently finding hard to remain above the 1.618%FIB level and a close below here could spell a revisit of the demand zone below.
Possible safe short scalp would be a break and retest of this demand zone all the way down to the FIB zone test on the last move down. Any longs would only be considered if we could get back above the $0.58 area.
Thanks guys!
TA on XRP/BTCDid a TA on XRP against BTC. I think XRP is overbought/overvalued right now because the market cap went up significantly within a short period of time. That said, it went below the consolidation point at the end of the triangle. Right now, I think its highly volatile and XRP price is very dependent on the PR/news releases right now. Being overvalued, I would recommend exiting at least half of the positions if you are holding any and let the other half roll potentially.