XRP TO 0.40BITFINEX:XRPUSD
ENTRY 1: 0.33912
ENTRY 2: 0.33947
SL: 0.334
TP1: 0.37766
TP2: 0.40399
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Ripplelong
Looking at XRP future in crypto market.Hey! I am back with another Idea, this time looking again at Ripple, my favorite "cryptocurrency", even if you dont consider it as cryptocurrency its still just a good investment of money.
Many people are saying that Ripple token is unable to rise in value, well thats not true if you read enough about Ripple token usecase.
Just think about it for a while.
The developers of XRP token are making money from XRP rising in value, they want to rise XRP in value even for their own fortune. Its their primary source of income as they own good ammount of XRP tokens.
Think about how long XRP has been here, and how wide, mostly Brad, talking about XRP and with certaintity showing usecases, and future of banks payment.
Okay, enough of boring talking, lets look at the daily chart.
I really like XRP chart, as its one of the most healthiest acting chart in this whole market. Finding ressistance at one point and then finding support on it and acting stable, thats a sign of good demanded market.
What I mean by that.
After XRP was breaking out from 4400 sats to almost 12000sats, it found a ressistance zone at 9000, which is a good long known ressistance level. After second runup to 10500, Ripple has managed to find support in this zone, and has been acting stable in it even after a runup.
Currently is XRP in the accumulation phase, hovering between 8500 and 9000.
XRP price will hover for another while in this price, as I suggested in my previous XRP analysis.
The future of XRP token.
XRP is acting very strong and healthy in such despair market, when touches major support, a bounce is seen. By the looks of it, XRP may remain in uptrend for a longer period of time, I am still buying more of XRP and pushing my portfolio into this coin/token.
Only thing which would not mean a good end, is XRP breaking below 8500 with no bounce.
Lets look at Indicators in the last place.
Volume, currently in accumulation phase where you can see XRP have similiar Volume, waiting for another possible wave.
MACD, is pretty clear and healthy, no crazy changes, follows trend accurately. Currently uptrending, cross above neutral macd level would be a strong bullish sign, curious to see.
RSI, the demand is really good, even after such runup. I managed to find 52.5 RSI level as the main support/ressistance level, not considering 60 and 40.
If you would like me to post some updates, let me know in comments or Agreeing with my idea.
Thats all from me, for now.
If you agree with this Technical Analysis , consider leaving that "Agree Button" blue, as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
XRP. The correction after the fall is over. I'm expecting $ 0.38Thhis idea is part of a larger idea that I have been publishing a few days ago.
After the sellers began a sharp fall, a flawed breakdown of $ 0.415 was created. From this price, the correction has begun, which practically tested the level of 0.382 from the entire fall. A price zone of 0.505-051 $ is created, which is critical to sellers. If sellers keep this zone, then the idea is correct and we are waiting for a new strong drop wave with the goal of 0.35 $ -0.38 $.
Facts that, in my opinion, predict the continuation of the fall:
1. if you make correction waves, then the wave c = a:
2. Marginal buyers' positions are growing slowly:
3. Sellers continue to increase their positions:
4. With each new local low, volumes decrease:
5. The chart clearly shows the wedge, which usually breaks down.
Therefore, if sellers will hold 0.504-0.51, I expect the continuation of the fall.
Ripple Long !Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Ripple is built upon a distributed open source internet protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no charge backs."
XRP/USD A trend from the pastRipple made us happy with a green line in the quotations rates in the first month of autumn. Many experts say that it's time to buy Ripple and wait ... for that very hour when it makes a hit again.
Such a sharp rise in prices is explained by the positive XRP news background. Ripple representatives said that a commercial version of the xRapid payment platform may soon be launched. Besides, it has become known that an American bank which is one of the top 10 largest banks intends to use RippleNet to process international payments of its customers. The technology being applied in practice is a positive factor for the reputation of the project.
Until today, the price chart has attempted to settle in the rising channel, which originated in 2017. However, today we have seen a breakout of support and a decline.
Based on the RSI, the overbought decline can give a new impetus to growth, and, globally, we will see attempts to settle in the rising channel.
In case of a decline, the next pattern target can be 0.36. Intermediate targets at the top are 0.6; 0.75 and 0.96.
We currently recommend buying from the level of 0.42. The transaction target is 0.46 and 0,51.
Instead of a stop order, we would rather use "averaging", because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction.
We are going to regularly update our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit.
Subscribe and follow our recommendations!
You are going to enjoy the results!
CRITICAL LEVEL FOR XRP(RIPPLE)!Hello traders,it's been a while since my last analysis as i had to finish my master in economics alongside with my work.
But let's get to the main subject Ripple (xrp).
Recently the world of cryptos is getting hit by multiple sides although in my opinion cryptos are not dead and for some of them the future may be bright.
The leader of all cryptos Bitcoin (BTC) is slightly down today, fluctuating around the $6,300. The major cryptocurrency is currently trading at $6,287 by press time, down 1.5 percent over the past 24 hours.
Total market cap has failed regain the $200 billion threshold over the day, falling below that point this weekend. At press time, the total market capitalization of all cryptocurrencies amounts to $194.5 billion.
Markets appeared to react negatively to the ETFS denials once again and the decision of Goldman Sachs to hault the creating of a crypto desk for now as it had stated at the past.Added to those bad news for cryptos the yesterday’s news that the U.S. Securities and Exchange Commission (SEC) temporarily banned trading in XBT Provider’s exchange-traded notes (ETNs) Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”).
Also yesterday, Ethereum co-founder Vitalik Buterin predicted that there is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, stating that the industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
In more bullish news for the industry, the crypto industry today saw the launch of two new stablecoins approved by New York regulators.
TECHNICALS OBSERVATIONS
1.We can notice the three last days sellers are in control and above the mean volume.
2.We can also see some key levels with the dotted black horizontal lines and the downward channel.
3.Rsi with the bullish divergence going for the 20 oversold area.
4.Ichimoku Clouds giving us for a long time now the bearish bias.
5.Notice that if the previous low 0,26646 does not hold we are aiming for the 0,20-0,19 area that we had enormous buying volume at the past implying a good support.
POSSIBLE TRADE
LONG TRADE
ENTRY AT 0,19250-0,20 AREA
STOP LOSS AT 0,15
FIRST TARGET AT 0.3580 AREA
HAPPY TRADING AND HAPPY PROFITS!!
PLEASE LEAVE A COMMENT YOUR OPINION OR EVEN A QUESTION YOU MAY HAVE
KEEP FOLLOWING FOR MORE PROFITS!!