Ripplebtc
$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
$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.
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.
:)
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.
Moving on up...?Let's see if ripple ($XRP) can make the push back up the awesome osicllator to get us back into 20k sats.
First, we need to see if we can get passed the 1 fib level @ 17.6k sats. If we can I think we can sneak away with a sell order above the most recent $xrp pump.
Let me know what you think!
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.
XRP LONG - the gift that keeps on givingXRP has gained major traction within the month of December. We, as investors, await for news every day and with Q1 2018 coming around the corner... we are expecting the announcement of the TWO non FI house hold name partnerships. Now there have been rumored (based on Garlinghouse' tweet) that it is a coffee shop and and furniture store (look up his tweet and you'll see). Regardless of who they are partnered with, this will bring ripple to new heights. Everyone is eagerly waiting, may it be the short term investors or the long term HODLers.
From the height of XRP's ATH, we have retraced 50% which landed us roughly around 12k sats. I believe that the ABC correction is done (given that XRP usually retraces 40-50% from every bullish run). RSI is also trending up along with MACD. OBV indicates that the volume is still here. We are trending along the trendline (white line) and have bounced off that since dipping to 12,000 sats. That support line will play a major role in our next rise towards a new ATH. The first task is to break ATH of 18k. From there I believe 20k will serve as the next resistance (based on previous resistance and human psychological barrier around numbers ending in 0's). The target price that I am eyeing from this next run up is 25k-30k sats. 25k was the previous ATH from MAY2017, so once we breach that... there is no telling where the next resistance will be at. Although, like i mentioned about human psychology, 30k sats will most likely serve as the next resistance level. As the holiday clears, more and more investors will flood into the cryptoworld (mainly due to bank delays). I expect great things from XRP in 2018! It is just not me but many others are expecting great things, XRP's rise is already dubbed "the rippening."
Happy investing all!
Lastly, this is, in no shape of form, investment advice. This is just my take on XRP's chart.
RIPPLE CAN REACH NEW ATH!!!Ripple reached 239 ATH level in May.
If Ripple can find volume support it will reach again 239 level. But 239 level is hard resistence level. If ripple
can hold on this level it will reach new ath. If not it will fall to the 181 support level or 140 strong support level.
Now it is on the 215 level and As I see it , will pass 239 level today.
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The Chart XRP Haters DON"T Want You To See!just pointing out some similarities to the spring xrp pump. Obviously everyone is hoping for a CB add, and the anticipation alone could cause the price to skyrocket. notice the more prounounced levels on the current pump, likely due to the insane amounts of volume this time around. RSI also looks similar.
Target? Who knows... 30000? sure how about 30000. This isnt investment advice.