XRP- Who likes sideways? 😴For XRP the 49.99 is Bad news
Sorry again my Ripple fanatics; I speak what I see and my output is more on the negative side at this point in time.
The price is under the 0.50 psychological support and I foresee that it can likely drop more.
Why ?
Well first, the AirDROP effect is finished but the price did not rise back up.
Secondly because there is NO volatility (going sideways in a boring way now isn't it?🥱😴 plus we pay swaps and overnight fees on our positions, brokers love that shit)
Thirdly because it all smells fishy right now:
It's kind of like the 'Xmas Special' of the financial markets:
''Ladies and Gents,
This Xmas buy RIPPLE XRP,
the new Bitcoin is here,
banks love it,
come get rich with cryptocurrencies,
don't miss out like you missed on Bitcoin (you can't buy that one no more it's too expensive for skinny ass)
but you still can get the XRP
NOW FOR THE PRICE OF 49.99
(usually items that are sold like that on Xmas season end up being on sale for 20% less after-Xmas sales)
PS. No news is BAD NEWS in this case. What can save Ripple short-term Longs now is only NEWS!
Good Financial Headline News, from banks and institutions, about how Ripple is good and how their bank will use Ripple and how Christine Lagarde and Chucjk Norris are investing in it. Ripple is out of fuel and the fuel in this industry is NEWS..
So, NO NEWS is BAD NEWS in this case.
Rippleforecast
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: $0.495
Relative change: -0.02
Percentage change: -3.4%
Trend: Bearish
Volatility: High
XRP- Third attempt will be DECISIVE (70%🌄 / 30% 🚽 )XRP- 3rd attempt to break under the 3rd support is crucial 3️⃣3️⃣
We are coming closer to the third (3rd) attempt to break the 0,485 level.
It came close but no touch/check , which is a bullish sign. This gives Buy positions an statistical advantage now.
Third attempts are the ones with the highest probability of succeeding- in this case to break under. (then 6th and 9ths)
Now is a good time to start buying but IF it breaks under the support (0.489) you need to be aware because the 0.40 level will be a magnet pulling the price towards it's level 🧲
XRP (RIPPLE) Airdrop and descending channelXRP/USDT
Hello guys
-The Airdrop news (SPARK token) dumped the price hard last few hours ..this drop short term is expected ( buy the rumors sell the news )
Its normal market behavior no thing to
worry about in long term until now
Now we can see in chart :
-Descending channel is detected clearly
Which is Bullish pattern
-The price rested the upper trendline 5x times
-Price between 50 EMA (dynamic resistance)
And 200 EMA (dynamic support)
-RSI is bullish and show bullish divergence
the most safest approach is to buy only after clear breakout of channel and EMA 50 ...if that ONLY happen according to our strategy we can set a nice buy orders with potential targets 0.7$ short term and more
Good luck and thanks for support ✅😊
XRP - Possible scenarios for investors and punters alikeYou guys drive me NUTS with Ripple. I hope that's not all you guys trade...
I also trade it guys but with a certain % of my funds- and it has been going REALLY WELL for me so far so I want to keep it that way.
Take a look at other ideas too, Copper is a fresh new trade to get on for example . Don't go 'Ripple-nuts', go 'Ripple Carefully' please.
Anyways, you keep asking for it so here we go: 4 SUPPORT LEVELS and the % we calculated (don't ask how, our system took me 11 years to develop and is for sale for 1,000,000$), for each and every scenario.
This time we will take a 'Wild Guess' and dare to make an Out of the Box 'How the Market Will try and Fool Us' prediction of exactly what we think will happen, exclusively for our clients at fxprofessor.
ps. Once and IF the price breaks the 0.79 mark then it's off to 1.41
XRP- Volatility alert (Volatility creates risk and opportunity)XRP has offered us tremendous opportunities to buy and sell and buy with amazing profits. One thing in common is we always study the chart and the first thing we need to identify is VOLATILITY.
After yesterday dip (which we bought nicely and had profits) we are now coming closer to a new round of expected volatility, thus find our updated new chart and beware:
THE 0.40 is as far away as the unchecked 0.40!
We still remain Bullyish and we keep currently a 62% buy 38% sell probability (and positions).
We have cashed profits again yesterday and took profits from 0.50 (we try to keep our best position(s) open and take profit on the second, third, fourth and so one. Yesterday alone we compounded and took profit on 18 positions in total but now is time to go back to keeping our balance and our sell positions are back to create the right equilibrium in our margin, exposure, risk management.
So be aware because there will be opportunities again, to buy or to sell nobody knows but most likely we think it will be a dip and then a time to buy again.
XRP -Big chartXRP has stopped right on our calculated first support, a rebound is now possible but the possibility for the price to break down to the second or third levels is also valid.
We have been using a special strategy that we teach and are now closing some sell positions.
Contact us for more info.
Havign a chart is one thing, knowing how to trade it is a different matter.
XRP - Stopped on 1st supportXRP has stopped right on our calculated first support, a rebound is now possible but the possibility for the price to break down to the second or third levels is also valid.
We have been using a special strategy that we teach and are now closing some sell positions.
Contact us for more info
XRP-3h. The sellers had a chance to test $0.45.XRP made a fantastic price jump in November.
Looking at the trading volumes in December , buyers decided to rest.
The previous local sellers accumulation in the range of $0.62-0.63 resisted the attack of buyers. Now the main question is whether the mark of $0.575 will keep . Rest is important. The main thing is that sellers do not lower the price to $0.45 during this time.
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XRP Next Legeverything mostly in Graph. as you can see with VP, we are in a good demand Zone. we bounced 1 time on EMA50, 1 more time on EMA100.
i used H4 TF for more visibility.
3 options :
1. We break this descending Triangle now, we could have a resistance around 0.7$, we could push 0.85ish and max 1$
2. We don't break the triangle now, we could retrace to 0.55$ (EMA100) and bounce again for a break to go to option 1 (but lower high).
3. We don't break the triangle now, we retrace to EMA100 0.55% and dip to to EMA200 0.45$.
imo the situation is bullish for now so i mostly like Option 1 and 2. Watch the King first and alts will do their way.
No matter where u take your positions but avoid to trade near triangle borders.. patience is a vertue.
Happy Tr4Ding !
XRP - Analysis broken down by checked levelsOur prognosis for Ripple remains positive :
We estimate that the price has 65% chance (2/3) to reach the resistance at 0.77 before it tests the support of 0.545 for the third time.
1. Support 4 at 0.25 has been untested, since the price flew on Nov 20- Nov 23rd.
2. Supports 2 and 3 have both been tested and checked.
Rejection at the 0.77 level on Nov 24th was strong, but given the price had risen for over 100% in 40 days (0.30 to 0.70 from Nov 20 to Nov 24) it makes sens .
IN THE SAME MANNER THE RISE FROM 0.78 TO NEXT LEVEL OF 1. 40 CAN BE AGAIN EXPLOSIVE!! But first the 0.78 level must be breached.
XRP - Big Chart for EOY prognosisOur prognosis for Ripple remains positive :
We estimate that the price has 65% chance (2/3) to reach the resistance at 0.77 before it tests the support of 0.545 for the third time.
1. Support 4 at 0.25 has been untested, since the price flew on Nov 20- Nov 23rd.
2. Supports 2 and 3 have both been tested and checked.
Rejection at the 0.77 level on Nov 24th was strong, but given the price had risen for over 100% in 40 days (0.30 to 0.70 from Nov 20 to Nov 24) it makes sens .
IN THE SAME MANNER THE RISE FROM 0.78 TO NEXT LEVEL OF 1. 40 CAN BE AGAIN EXPLOSIVE!! But first the 0.78 level must be breached.
RIPPLE - Intraday Update - 12/06/20 (Short-term)RIPPLE - Intraday Update - 12/06/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Breaking above $0.7941 is the next upside objective for the bulls.
Outlook: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
XRP - Support levels analytics (zoomed in)I usually share these kind of analysis with my clients only but here you go guys:
For sure many of you have been buying or trading Ripple and i try my best to help by sharing my ideas with you, a little bit more intensively on Ripple nowadays.
On this chart you will find 3 levels that they all have a big chance to make the price jump back up.
I told you, volatility was on on a simple chart
I even called when this volatility would start after a period that it was going sideways as i had prognosed
I also shared with you my prognosis for 0,77 0,97 and 1,5
I also posted on time when to buy the last dip and when to cash profit PERFECTLY
and i honestly hope i am right this time too.
XRP - Out of Ripple for now (unlike BTCUSD - it looks better)Unlike BTCUSD, which i am keeping, I am out of my Ripple trades (keeping 1 buy position form 6 that i have in total) for now.
The asset appears to be moving sideways in a channel that could equal go to 55 or 50 before it hits 68 and 75.
I prefer to focus on BTCUSD at this stage.