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Ripplebtc

Ripple #XRPBTC - end of correction? rocket gains ahead?The Ripple XRPBTC cryptocurrency made a nice correction of three waves back to the level of the previous wave four of a lesser degree with (a) = (c) equal legs and a stroke of exactly 1.61 level (in line with previous expectations). This is really a perfect configuration in the Elliott wave theory and exactly what we are looking for in trading setups. Currently, cryptotraders must wait for confirmation of the lows, which will come with a break of the channel's resistance line (around 2.40) and make sure the price will make a break above 2.80, (impulsive up trend resumption level) which would confirm that Ripple is returning to an up trend. If Ripple goes below 1.60 for any reason, a new wave scenario will be needed.
BITSTAMP:XRPUSDLong
by sebastian.seliga.7
49
$XRP.X Ripple H&S Fail but possible rebound at 50% FibI posted earlier that Ripple was breaking through the top channel and could at worst test the bottom of the lower channel. Since that action I have taken another look at Ripple to provide an update. This chart is a little busy but it is mostly to help cover a question a trader had on my previous post. A clear Head and Shoulders was formed and the neckline broken. What should give bulls some confidence is the 50% Fibonacci Retracement that was bought at three consecutive pullbacks near 0.00012191 Satoshis. If I were still in this trade and had a short term view then a stop below the 50% Fib Retrace would be me absolute max pain level. Good luck
by TheBossTrader
$XRP.X Ripple has the potential to hit bottom of lower channelAt this point it is obvious that Ripple is in a downtrend and some are recommending to buy it now but I think that would be a mistake. Based on the chart it has the potential for much more pain in the short term and could possibly test the bottom of the lower channel. In addition Ripple has broken below the 200EMA and I would consider it a no touch until the dust settles. Based on the current decline a buy point could be around the mid 0.00011 Satoshis. Good luck.
by TheBossTrader
6
XRP Where's She Going??I believe XRP will break support and head down before resuming the is bullish uptrend and here's why (keep in mind this is the XRP/BTC pairing). If you look back at price XRP it has a history of returning back from whence it came. Typically after any significant move on XRP we've returned to price levels prior to those moves. However, I don't believe this time we will see a complete return to pre-run up pricing given 1) the droves of folks getting into crypto now, 2) rumor on coinbase listing, and 3) new partnerships ripple has made. My retracement zone is 11000-10000 satoshis with the 10K being on the bottom-side of that obviously. On the 15, 30, and 45 min charts, we've seen a cross below the 200EMA and have not been able to sustain a cross back up this EMA. On the 1HR we've hovering just above the 200 which i expect to be broken this evening (1/6) or through the night. If we get a break of the support zone with a close on the 4HR or above below that level, we'll move down to my expected retracement zone before resuming back up. However, as with anything this is not an exact science, so we could see some consolidation at current levels before a move up or down. A 4HR or higher chart break and close above the prevoius 4HR resistance on the chart will see a retest of all time highs before heading to target 1. In general i'm very bullish on XRP and will be buying more in either case. Maybe i'm just hoping for a dip to buy up a little more. :)
Long
by Crypto_Sid
19
Watching: Potential Head and Shoulders on XRP 12HLower volume on the head than the left shoulder, then lower volume on the right shoulder than the head. Neckline slanted up, though not certain yet. Need another 1-3 12H candles to confirm, and seeing a candle close below the neckline would be proof in the pudding. Right now its still possible we see a rally and a continuation of the recent uptrend (would want to see a clear break above the left shoulder to mark this), and even if this is a head and shoulder we could see a return to ~19k (height of left shoulder) before the eventual drop. Too early to tell just yet, so I'm personally not selling, but will be watching closely over the next 24-36 hours.
by cryptomayne
2
Ripple: Bullish signalRipple made ahealthy retracement all in the expectations. nothing to panic about. this is good for growth. Ripple may be forming a bullish divergence MACD. Once the cross of MACD confirms, the market will notice this and upward momentum can be expected. Whether this will be a sudden strong upward move is to be determined. If you look at the pattern Ripple made on its previous bullrun, we see it climbed up steadily, We can be expecting the same to happen in this run up. Take your positions in Ripple now if you arent already in, or add if you strongly believe ripple will gain market cap and become king of the crypto market in market cap value. Trade safe guys, Note: My plublications are short and i made type mistakes. I only do this to help the noobs and stop them from panic selling. panic selling is bad for the market. Please keep your emotions under controll by drawing trendlines as a basic analysis.
KRAKEN:XRPUSDLong
by BTCryptowatch