Ripplebtc
XRP FutureKRAKEN:XRPUSD
I was analyzing what is happening with XRP and I found this seeing XRP/BTC chart.
I have to say that I´m bullish on XRP and actually I´m trading a long position since last week.
But have to say that this really caught my attention as it has a lot of similitude with the development the pair had in the past and it has being using some of the main support/resistances now to form what seems to be an almost exact figure.
If this continue to run as in the past, it is suggesting that XRP will go even lower than last week. In the other hand, analyzing XRP/USD we have some bullish signals that are at stake and will be more clear within the next 2 days to confirm a new uptrend or a continuation of the downtrend, whatever XRP does, I will be posting further analysis and updates.
Stay tunned
XRP bull run overXRP finally looks like it has no more fuel for a bull run and a major correction is inbound. Volume is decreasing and it couldt move past sma 21 just like at previous correction.
The downtrend could continue for the next couple of months and a great buy in would be around 1000 sat or lower, than another bull run is bound to happen.
"It's not personal. It's strictly business."
Could we be at the bottom of a cup and handleOf course this is a very forward thinking idea, but with high risk come high rewards ... just thinking, what if we are at the bottom of a cup and handle?
If we are, I would buy now and hold until 14000, wait for the handle to form again and buy back at around 13500 and then ...
This is a high risk strategy... but, if it works ... :)
Keep an eye on the cup and handle, if neither works then everything falls apart.
Keep updating your stop order to a little below 10% the current price so you can get out asap
XRP Hope for Breakout!!!Looking at the short-term analysis, we can see that there is a wedge forming. The price is currently nearing the resistance. If it fails to break, it will fall below the lower Bollinger Band. This will indicate a breakout as the price will recover in an upward direction. At that point, we could tell the strength of the breakout based on the volume.
XRP/BTC On Binance: Upcoming BreakoutCurious about what everyone thinks about this as well as my analysis...
After predicting the potential for a breakout, looking into indicators to try and get a sense for the direction as the wedge is rather a toss-up:
RSI
Showing very low on the 4hr, and Daily nearing a 50-cross... this tells me it looks like an upward break, which will bounce the daily back up (will not pull it into a downward cross).
Averages Analysis
21, 50, 100 EMA and 200 SMA analysis: Crosses have occurred, showing negative trend forming, or at least for the time being. Since it's channeling it's tough to say.
MACD
Showing potential for a cross back upwards on the 1hr, and a decent negative trend already crossed 12hrs back.
Momentum
(I use TTM Squeeze) is showing we are in a squeeze on both the 1hr and 4hr chart. Momentum looks like it may be recovering enough to push a MACD crossover on the 1hr, but on the 4hr it looks like momementum is still pushing strongly negative.
XRP 5 th wave, Correction afterwards, good but incorrection to lower fib level or the 61.8 is a good buy in for ripple.
If you look at coinmarketcap Ripple was up 30% while bitcoin was up only 7 % at this moment. Ripple is still and will always be a very strong coin to invest in. I know many hardcore crypto supporters argue over the fact that ripple is a bankerscoin. But my advise to every new investor is to have at least ripple in your portfolio along with one or more other coins with a top 10 market cap. You actually dont need more since most coins grow and decline together (except some have a higher rate of recovery etc like ripple in this case)
We will soon see Ripple be at 3 dllar again and who knows where it will head to after that, The moon? :)
Levels to watch, 1.40 dollar may inflict a bounce up again towards 1.74 and 2$
1.14 is the 61.8 fib level, in the event of a retracement this could be the lowest bounce level up, trade manually or set buy limit orders.
Good trading and stay relaxed, DONT Panic.