XRP is NOT Bitcoin- ♻️ NOV 20TH Re-posted ♻️Nothing has changed since then (just the fact that 17cents looks closer)
On our Nov 20th post I explained to you all clearly that: XRP is NOT Bitcoin - (back to 0.23 or off to the 0.76 roof)
Well, funnily enough it did hit a roof of 0,76 and it did drop back to 23cents...magic! 🌵🐧
Here is the idea of NOV 20 -th..take another look
what he had said on NOV 20 is ALWAYS valid:
''XRP vs BITCOIN? We choose Bitcoin every day
We actually do partially hedge our BUY positions on Bitcoin with some Sell positions on XRP''.
Jan 2nd/2021:
Nothing has changed, other than Bitcoin did fly and we now need to examine closely how and when we get back on it.
Bitcoin is a finite product, XRP is not even a real cryptocurrency but it is 'liked' by the banks, ok.
Ripplebtc
How every support is giving long opportunityHey guys and gals, welcome to the new update on XRP coin.
Another bad news:
Today is another very bad day for XRP as another worst news published that “Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple”
Before this, we have seen that the XRP was dumped hard when SEC filed a lawsuit against Ripple a few days back.
Traders are taking advantages:
Now, the traders are taking every dump as an opportunity to buy the dip. As when the price of this coin reached at $0.22 support they started buying and dumped it again. Then the waited for this $0.22 support to be broken down and now they have again started buying from the $0.17 support. Now there are strong chances that they will dump it again and let the price action move to the most critical support at $0.13 and start buying it from this support again. In the meanwhile the price action has also broken down all simple moving averages with the time period of 25, 50, 100 and 200.
Breaking down long-term trendline support:
On long term weekly chart, the price action of XRP coin is also breaking down the long-term uptrend line.
SMAs on long-term:
The price action of XRP coin has broken down 200, 25 and 100 simple moving averages and now breaking down the last support of SMA with the time period of 50.
Ichimoku cloud can be broken down:
On the same long-term weekly chart, the price action of the XRP coin is also at the support of Ichimoku bearish cloud. If this cloud will be broken down then it can become a very strong resistance for long-term.
Conclusion:
Even though it can be a really good long opportunity if the price action will be dropped at $0.13 cents, as it is getting pumped from every support, however, the news behind this coin is very bad therefore, if someone tries to buy it at any support he should take care of the stop loss.
So.. how does XRP looks like?It was a very good start for XRP when it reached $0.78 suddenly, performed a higher low, broke downtrend and spike to the upside again.. but then..
A SEC suit followed by XRP being delisted from certain exchanges and portfolios the price tanked a with 55% full candle drop!
The price has now bottomed at $0.26 with two candle bottom closes and this level now acts as a MAJOR support.
A break below $0.26 can be very painful for many XRP holders as Bitcoin is breaking all time highs, while XRP is being valued slightly above 1000 sats.
MACD is currently on second very strong selling wave and the RSI is below 40, currently oversold with no divergence or any bullish signs to be seen so far.
One positive thing about this, is the fact that XRP can blow up really quickly and the FOMO will remain unchanged when an upside spike will be seen.. but the issue is another cryptocurrencies are doing much better than XRP so why budge with XRP?
I still believe that XRP will rise up as it's still in a daily uptrend, based on 200 EMA, but a break above it is necessary to be seen, above $0.33.
On a short term, we need to break above $0.315 in order to break a recent high and make a higher high.
Good luck with XRP!
Ripple FundamentalFundamental:
I waited and carefully followed Ripple in the first weeks of 2021.
Pressure on a cryptocurrency by governments means creating taxes and government control. The cryptocurrency campaign, under pressure from Ripple investors ($ 14 billion), will surely try their best in court and in government lobbying with the new president in the new year.
Also, this is not the first time that SEC has entered into an alliance with cryptocurrency. The story of cryptocurrency EOS or Black.One Company, as well as kik cryptocurrency platform, which was solved in other ways.
Also, if you look closely at the charts of the volume of capital inflows and outflows to Ripple, you will notice the attention of risky investors who entered the Ripple market with about $ 4 billion after the Ripple market volume fell to $ 10 billion.
So I look closely at Ripple's movement and reaction in the first week of 2021.
Despite SEC law suit against Ripple, XRP Retest and break ATH!Will this happen EVER? I was wondering this since XRP free fall. I think it can, in the crypto world all things are possible, remember back in 2017 after BTC reached ATH news start coming that China was closing all Bitcoin and Cryptocurrency Exchanges. After that, all alts including BTC went down like crazy almost 80 to 90 percent. But what happened next, I mean now, all major alts are rising again and BTC has reached a new ATH. Everyone has forgotten the past and moving on...
I think and feel like this gonna happen with XRP too sooner or later it will break its ATH and record new ATH.
What you guys think!!!!
Thank You.
This is Not financial advice.
MERRY XMAS - HO HO HODL 🧡💙💚🎄 Quite an interesting Christmas.
I wish you all the very best on this meaningful day.
Been with family the whole day, especially my sons made my day beautiful, I am blessed to have health and people I love this beautiful day.. there are things that matter the most and these things money can't buy: barbeque under my lemon tree, a good whiskey and the people who care about me. This is what matters but trading does come second 😹
So, before i die from food and whiskey, I decided to take 5 mins to reach out to you guys.
On this video I share with you my Ripple trading account and the rollercoaster results of 600 (!!!) trades between Dec 8 and now. Wow!
The platform I use is on my signature, when you use my link I will show you personally how to use it right.
XRP reached resistance zoneXRP / USDT
Ripple after massive sell pressure last days
Had a nice recovery yesterday from 78.60% fib level to 61.8% fib level
Currently the price faces resistance area
(Trend resistance + 61.8% fib)
🌟 If price will break the resistance zone we can buy on retest with small stoploss
🌟 If price failed to break... it will drop again to previous support area at 0.2X $ and may be more
GOOD LUCK 🤞
XRP Buy a Break Setup!Ripple - Intraday - We look to Buy a break of 0.6151 (stop at 0.5918)
We look for gains to be extended today.
The RSI is trending higher.
Daily signals are bullish.
A break of 0.6100 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 0.7000.
Our profit targets will be 0.6969 and 0.7284
Resistance: 0.6100 / 0.6400 / 0.6800
Support: 0.5900 / 0.5800 / 0.5500
XRP buy the dip.Ripple - Intraday - We look to Buy at 0.4904 (stop at 0.4646)
We look to buy dips.
Bespoke support is located at 0.4950.
Daily signals are bullish.
Our outlook is bullish.
Our profit targets will be 0.5668 and 0.6278
Resistance: 0.5300 / 0.5600 / 0.6000
Support: 0.5200 / 0.5000 / 0.4850
XRP 5:1 Buy a break setup!Ripple - Intraday - We look to Buy a break of 0.5055 (stop at 0.4937)
We look for gains to be extended today.
Price action looks to be forming a bottom.
Daily signals are bullish.
Our outlook is bullish.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 0.5645 and 0.6245
Resistance: 0.5000 / 0.5200 / 0.5600
Support: 0.4850 / 0.4600 / 0.4500
XRP Buy a Break Setup!Ripple - Intraday - We look to Buy a break of 0.6142 (stop at 0.5918)
We look for gains to be extended today.
The RSI is trending higher.
Daily signals are bullish.
A break of 0.6100 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 0.7000.
Our profit targets will be 0.6969 and 0.7284
Resistance: 0.6100 / 0.6400 / 0.6800
Support: 0.5950 / 0.5800 / 0.5500
XRP Buy the Dip!Ripple - Intraday - We look to Buy at 0.4874 (stop at 0.4648)
Daily signals are bullish.
Dips continue to attract buyers.
We look to buy dips.
Dip buying offers good risk/reward.
Previous resistance, now becomes support at 0.4800.
Trend line resistance is located at 0.5400.
Our profit targets will be 0.5634 and 0.5848
Resistance: 0.5200 / 0.5400 / 0.5600
Support: 0.5000 / 0.4850 / 0..4800
XRP Plan B.Ripple - Intraday - We look to Sell a break of 0.4484 (stop at 0.4637)
Pivot support is at 0.4560.
A break of 0.4560 is needed to confirm follow through negative momentum.
Daily signals are mildly bullish.
Daily momentum has stalled and our bias is now neutral.
Our profit targets will be 0.4026 and 0.3848
Resistance: 0.4900 / 0.5000 / 0.5200
Support: 0.4560 / 0.4300 / 0.4000
XRP will drop at least 13% against BTC XRPBTC chart shows that there will be a drop of 13% in the price of the Ripple in Bitcoins to reach critical support.
To make things worse for my Ripple friends, this drop can reach even +51%; if the support is broken.
This means that if both cryptos drop, Ripple will drop faster than BTC (which was the case last week).
It also means that BTC can rise faster than Ripple for a while until it rebounds.
This is the prognosis for the next few days/weeks but this can change dramatically at any point in time if Ripple storms up again.
For the moment, the chart demands this: Buy more BTC than Ripple for the next period. Or buy some BTC and sell some Ripple to hedge your positions.
I know that some of you are big Ripple fans and you guys hate me saying Ripple isn't going to 50 dollars this years, or even 2 dollars. It might happen next years boys and girls.
Ripple is the verge of tumbling from a high cliff
Ripple is on the verge of a breakdown to $0.4 if support at the 200 SMA on the 4-hour chart caves.
XRP/USD is likely to invalidate the downtrend if it closes the day above $0.5 or the 200 SMA.
Ripple is trading under intense overhead pressure, risking a massive freefall back to $0.4. Losing the support at $0.4 was a blow to the progress XRP had made in November. For now, the path of least resistance is downwards, as seen on the 4-hour chart.
The lower boundary of the descending parallel channel appears to be holding the fort for the bulls. However, the Relative Strength Index has reinforced the ongoing bearish momentum. If the indicator hits the oversold area, selling orders are likely to increase significantly.
The 200 Simple Moving Average on the 4-hour chart is also in line to offer immediate support, and buyers must hold this crucial support. Otherwise, XRP/USD could tumble to $0.4 (next tentative support area).
The daily chart also confirms the bearish outlook, suggesting that the next critical support lies at the 50 SMA. Similarly, the RSI is in a sloping motion but has not hit the oversold area yet. This could mean that XRP bears still have enough room to explore before recovery comes into play.
On the other hand, the bearish picture will be invalidated if Ripple closed the day above $0.5. Moreover, the support at the channel’s lower boundary as well as the 200 SMA on the 4-hour would secure the uptrend if they remain intact. The most significant upward movement for XRP would be to overcome the hurdle of $0.6.
Ripple intraday chart
Spot rate: $0.495
Relative change: -0.02
Percentage change: -3.4%
Trend: Bearish
Volatility: High
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.5914 (stop at 0.5752)
Daily signals are bullish.
Trend line resistance is located at 0.5800.
4 50-hour EMA is at 0.5845.
A move through 0.5900 will confirm the bullish momentum.
The bias is to break to the upside.
Our profit targets will be 0.6384 and 0.6588
Resistance: 0.5900 / 0.6200 / 0.6400
Support: 0.5700 / 0.5400 / 0.5250
XRP on the Crossroads.XRP has been correcting for the past two weeks as the major breakout from $0.22 to $0.79 has to cool off before any more upside can be seen.
This correction has led XRP to form a symmetrical triangle pattern which has bias to break to both sides, but usually break to the upside in uptrend. The support trend line of this triangle will very likely correlate with daily 20 EMA, which break of will bring bearish momentum, or a dip if you will.
Trend line resistance of this triangle is located at $0.615 per XRP.
Same as Bitcoin, a hidden bullish divergence is present, but a weaker one. Even though the price performed a lower low dip, the RSI is being calculated from close price, instead of the high and low.
As XRP has currently retested the 20 daily EMA, which is the usual level where breakouts are finding support and are able to start another buying wave.
MACD is on a strong selling wave, but when we look at the actual price action it is very mixed. Ideally for bulls, we want this selling volume to decrease as soon as possible, as in order to see another breakout to the upside, the MACD has to give a buy signal shortly.
As dips still continue to attract buyers, there is no real bear sign yet and based on technical analysis on daily time frame we may say that the overall outlook for XRP is bullish.
Key resistance $0.70
Key support $0.50