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Ripplebuy

XRP → Quick Dip Before The Rip!? Let's Maximize Your Profits.Ripple is currently in a slight bull channel inching its way back up to the $0.64 resistance level. Will XRP break it here or fall down to the $0.58 range before breaking through? How do we trade this? 🤔 XRP is in a bull channel, which means our bias should be long until the pattern is broken. We should be seeking a strong bull signal and confirmation bar toward the bottom of the channel, somewhere in the $0.60 range. Set a protective stop around $0.58 and a take profit at 1:2 Risk/Reward, a reasonable setup for a chart like this. Do not be premature about entering the market, wait for the bars to close and enter when the confirmation is in to maximize probability. 💡 Trade Idea 💡 Long Entry: $0.60 🟥 Stop Loss: $0.58 ✅ Take Profit #1: $0.68 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Wait for the price to bounce at Channel Support. 3. If Price Breaks Resistance, Wait for Test of Support. 4. RSI at 53.00 at Moving Average, Indecision. 5. Target 1:2 Risk/Reward at bottom of Channel. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
XRP (UPDATED!) → Ripple Higher Highs! Long the Moon Candle!?Ripple has formed another pattern for us to take advantage of! My previous analysis showed a bear channel followed by what looked to be a forming double bottom. Now we have an ascending channel that appears to be putting in a second higher high. How do we trade this? We have most of the pieces we need to long with one crucial exception; the bull confirmation candle. The ascending pattern, higher highs, price above 30EMA and 200EMA, and RSI above the Moving Average, are all requirements for the long entry and we have them on this chart. Things to watch out for . Bitcoin as a leading indicator is at its Weekly Resistance, we need to be aware that if Bitcoin reverses here, it could stall market sentiment to the upside. Be ready to respond to a bear signal and follow through with any such long position. Trade Idea Long Entry : $0.62 Stop Loss: $0.60 Take Profit: $0.66 Risk/Reward Ratio: 1:2 Key Takeaways 1. Three Legs Down, Trend Reversed. 2. Two Higher Lows, confirming the second. 3. Price above 30EMA and 200EMA. Wait for a Confirmation Candle. 4. RSI at 55.00 and above Moving Average, Bias to Long. 5. Target 1:2 Risk/Reward. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
XRP Aiming for $0.73? Don't Let the Bear Channel Fool You.XRP has been marching to the downside for weeks and it would seem there's no end in sight. Except that we're currently sitting on what *used* to be a resistance zone of $0.55-$0.57. RSI is around 40, Bitcoin could fall to $35,000, the million-dollar question is (hopefully literally): How do we trade this? If our only point of analysis is the bear channel, then we would always be looking for a short, which is reasonable. Several other data points interfere with that bias. XRP is currently sitting on what previously was resistance that is now being tested as support; in the $0.55-$0.57 price range. We also have 4 pushes to the downside (you could argue 3 and this is the double bottom) which is a reversal signal that we should watch out for. Bitcoin is also facing a potential pullback which as a leading indicator, could hinder XRP's ability to mobilize to the upside. The RSI is also around 30.00, a weak indicator on its own, but supports the other data points in this analysis. This is why we should wait for a bull signal and confirmation bar at support before rushing into a long position. We need that confirmation to increase our probability of profit. Key Points 1. In a Bear Channel, but 4 pushes down complete. 2. Currently Testing Previous Resistance Turning Support. 3. Wait for Bull Signal and Confirmation 4. RSI at 30.00, Reversal to the Upside Probable. 5. Use Caution, Bitcoin could fall further and take XRP with it. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
RIPPLE : WELL RECOVEREDGreeting from IRAN to whole trading community Ripple has made a new ATH in 14th April After that it started a downtrend and lost 2 major support levels (1.5$ & 1.2&) After about 10 BEARISH days Ripple started a new uptrend and has broken its major downtrend (Red Dotted Line) Then price has broken 2 major resistance levels and maintain above 1.5$ The time for Ripple has come let see if Ripple could rise higher than 2$ or not? OP : 1.55$ TP : 1.9$ SL : 1.39$ RoR : 2.2 KEEP IT SIMPLE :)
Long
by nima-mohammadkhani
11
IS RIPPLE ABLE TO BREAKOUT ITS DOWNTREND?Greeting from IRAN to whole trading community ✔💙 Ripple has experienced 3 PUMPS is less than 2 weeks , then it started reteracement downtrend (Red dotted line) Ripple has broken its major support level and price has dropped lower than 1.5$ Then we saw some support reactions on the next support level at 1.2$ Price came back to its previous level 1.5$ And now its on a critical spot , Junction of dynamic resistance (trend line) and static resistance If price could break 1.5$ level , it would be a great long opportunity So keep eye on Ripple and wish you best ✌ OP : 1.51$ TP : 1.9$ SL : 1.3$ KEEP IT SIMPLE :)
by nima-mohammadkhani
14
XRPUSD Ripple Buy Long - New Day Week Highs imminent ' Forecast Having just really moved sideways over the past week we still see No Good Reason to be short here. XRP Sellers may be rewarded if right, but clearly the Risk to Reward opportunity is still with the buyers. As stated in previous post the Crypto Market is extremely Volatile & anyone trading it has to have both their MONEY MANAGEMENT & Trading DISCIPLINE In Check . The swings in the Crypto currency market don't take any prisoners. It's easy to get completely wiped out using excessive leverage without good knowledge or discipline. Any how we are still long XRPUSD ripple and will wait for the ride to begin. Many times the market will have a trader trading in and out of a position many times exhausting their patients before the market makes the big move one was waiting for. For that reason we build a plan based on preferred and optional entry areas, when trading crypto and wait for the opportunity to enter, then just sit back and let the market do the work. (Nothing in trading is guaranteed but you can't win if your not in)
BITSTAMP:XRPUSDLong
by seekingpips
XRPBTC forming bullish Butterfly | Upto 55% move expectedHi friends, hope you are well. In my previous post on Ripple with Bitcoin pair we have seen that the XRP had completed the formation of bullish BAT pattern. This chart was based on midterm 2 days time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level. Then we have seen that the price action moved up and entered in the target sell zone and produced more than 38% profit. A new harmonic Butterfly pattern: This time again on 4 day chart XRP is forming another harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone to give another chance to earn more gains. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area now the last leg (C to D) should be retraced between 1.27 to 1.618 Fibonacci level. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be: Buy between: 0.00002272 to 0.00001974 sats Sell between: 0.00002502 to 0.00003060 sats So this midterm trade has capacity to produce upto 55% profit. Stop Loss: The potential reversal zone area that is up to 0.00001974 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
XRP: Another buy opportunity?Looking at the daily, XRP has created a descending triangle which is a continuation pattern of the correction that XRP is currently having. Taking a look at the Fibonacci from XRP's last big bull run to $0.78 the floor of the descending triangle has formed at the 0.62 support line. Assuming that the descending triangle follows a normal pattern, we will see XRP break down below its side-ward support and retest the 0.24 Fibonacci support line. In addition to this the RSI is teetering right in the middle at a value of 50 showing lack of direction. However when put together with the low volume in the market there is little evidence that XRP will be going toward the upside in the short term. Thanks for reading! If You like this TA please hit the LIKE button! Also, leave a comment with Your thoughts and feedback! *This information is not trading advice and is to be used for educational purposes only!
Short
by kryptokens