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Ripplelong

Ripple retests crucial support ready for 14% upswing Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing. A golden cross pattern will signify the return of the bulls in the market. The MACD indicator signals the possibility of consolidation taking precedence in the short-term. Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47.  The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels. The cross-border cryptocurrency is exchanging hands at $0.45 at writing. On Wednesday, the bullish action stalled at $0.46, forcing the price to retest the inverted head-and-shoulders (H&S) pattern’s neckline. A reversal is expected in the near-term because the bullish H&S pattern still has a 14% target of $0.51. Note that a bounce from the neckline support is regarded as bullish in technical analysis and could boost XRP significantly upwards. The hourly chart shows the possibility of a golden cross pattern forming in the short-term. This pattern comes into the picture when a shorter-term moving average crosses above the longer-term moving average. For example, the 50 SMA is about to cross above the 200 SMA. Bulls have to focus on sustaining the price above $0.45 to focus on breaking above the hurdles at $0.45 and $0.5. The impact of the inverted H&S pattern is still apparent. Therefore, the least resistance path is upwards. The Relative Strength Index (RSI) brings to light the possibility of consolidation taking precedence before the breakout occurs. The same sideways trading is echoed by the Moving Average Convergence Divergence (MACD), as it levels marginally above the midline. Ripple intraday levels Spot rate: $0.448 Relative change: -0.00034 Percentage change: 0.1% Trend: Short-term bearish bias Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
Deciphering XRPUSDSeems to be a lot of correlations between RSI and price on XRPUSD However it can be seen that there is a recent disconnect, with a head and shoulders pattern favored on the indicator It is likely that this disconnect will allow the freedom of price relative to RSI to continue No more direct correlation possibly XRP is in a weird situation, however, it does have longevity, with bank integration and instant payment processors, potential can be seen. I am long this coin based on the previous knowledge and how damn cheap it is.
KRAKEN:XRPUSDLong
by Bixley
2
XRP draws closer to 30% downswing amid deteriorating technicals Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575. A breakdown to $0.3 is anticipated, especially if the triangle pattern's lower trendline is shattered. Ripple's uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575. The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on keeping the price above $0.4. However, if the price slices through this area, massive losses will be triggered, primarily because of the formation of a symmetrical triangle pattern on the 4-hour chart. The chart pattern is created by converging a couple of trendlines, linking sequential declining peaks and troughs. Generally, the trendlines are supposed to cross at an approximately equal slope. The formation brings to light a period of consolidation ahead of either a breakout or a breakdown. A breakdown occurs under an ascending trendline and identifies the commencement of a downtrend. On the other hand, a breakout happens at the descending trendline and indicates the start of a bullish trend. Symmetrical patterns tend to have precise price targets for the breakout or breakdown, mainly measured from the highest point to the pattern's lowest point. Therefore, Ripple will drop by 30% if the lower trendline is smashed. A spike in volume usually confirms a breakdown. The downswing also tends to be rapid and must, therefore, be timed accurately to make the most out of the move. Note that traders must way for confirmation to avoid false breakdowns. On the flip side, the downswing may be ignored if XRP holds above $0.42, ignoring the triangle breakdown. Moreover, trading above the upper trendline will catapult Ripple 30% to $0.575 and perhaps jumpstart the breakout to $1. Ripple intraday levels Spot rate: $0.428 Relative change: -018 Percentage change: -4 Trend: Bearish Volatility: Low
BINANCE:XRPUSDShort
by CoinGape
1
XRP prepares for massive swing to $0.65 as technical improve Ripple rebounds after support at $0.37; all eyes target $0.65 in the near-term. The improving technical picture suggests that bulls are back in control. If the immediate resistance at $0.5 is not broken, XRP may embark on the breakdown to $0.35. Ripple dropped like a dead weight in the air amid the declines on Monday and Tuesday. The widespread losses left no stone unturned, with the majority of cryptocurrencies posting double-digital losses. XPP could not secure support and the 200 Simple Moving Average (SMA) on the 4-hour chart, culminating in losses under $0.4. Before the ongoing rebound, the cross-border cryptocurrency established support at $0.37. The high congestion of buyers at this level paved the way for gains above $0.4 and the 200 SMA. Currently, XRP is dancing at $0.49 after stepping above the 50% Fibonacci retracement level taken between the last swing high of $0.66 to a low of $0.36. A comprehensive glance upwards shows that Ripple bulls are looking forward to breaking the confluence resistance around $0.525, formed by the 61.8% Fibo, the 100 SMA, and the 50 SMA on the 4-hour chart. The bullish narrative has been reinforced by the Relative Strength Index (RSI) as it heads towards the midline. A break above 50 would encourage more buyers to join or increase their positions in the international money transfer token. Note that trading above $0.525 could trigger massive buy orders, creating enough volume to support an upswing to $0.65. It is worth keeping in mind that XRP’s expected rally to $0.65 may fail to occur if the short-term resistance at $0.5 remains intact. A correction from current levels will retest the support at 200 SMA. If push comes to shove, the bearish leg will extend to $0.37 (recent support) and $0.35, respectively. Ripple intraday levels Spot rate: $0.49 Relative change: 0.02 Percentage change: 4.5% Trend: Bullish Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
2
XRP prints massive bullish outlook Ripple is getting ready for a breakout as long as the bull flag pattern on the 4-hour chart is confirmed. Holding above $0.5 remains key to the upward momentum. XRP is still under the impact of the gravitational force following the rejection at $0.65. Ripple has sustained the price above $0.5 for a couple of days now. The need for stability came after a rejection from the most recent high of $0.65. XRP tumbled from this level to support provided at $0.48. Meanwhile, the recovery that ensued has been limited to under $0.6. Ripple eyes a bull flag breakout XRP has been declining within the confines of a descending channel, likely to confirm a bull flag. This pattern is referred to as a bullish continuation pattern in technical analysis. It develops after an extended upward move followed by a correction. The correction signifies consolidation as selling pressure diminishes, giving bulls an opportunity to take over control. A significant breakout in the direction of the previous, trend is anticipated as the bull flag matures. Typically a breakout is supposed to occur when the price drops to about halfway the flag pole. As for Ripple, it is teetering at $0.52 at the time of writing. The current battle is to break and settled above the middle layer of the flag pattern. However, pushing for a breakout above the bull flag will result in massive gains above the stubborn resistance at $0.65 and toward $0.75 (yearly high). It is worth noting that, sellers are still dominant at the time of writing. The Moving Average Convergence Divergence (MACD) reinforces the apparent control by the sellers. They are likely to remain in control until the MACD line (blue) crosses above the signal line. Besides, other hurdles like the 50 Simple Moving Average (SMA) on the 4-hour chart must come down for the breakout to materialize. Ripple intraday level Spot rate: $0.52 Percentage change: -0.6% Relative change: -0.003 Trend: Bearish Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
1
XRP rally towards new ATHI wanted to share my thoughts about XRP short term and long term movement. To sum it up, we are bullish AF. This coin scamazed investors twice already and shook many people out and now the coin is unappealing to trade...or is it?? I couldn't give a crap about a court case or any bad news because, as the saying goes "show me the charts and I'll tell you the news". And currently, XRP among many other alts is looking like it's about to start an insane, unimaginable bull run (not financial advice :D). Looking at the 4H timeframe we are in a strong up-trend and have found support on the 21 EMA. If you ask me, it's go time. It was weekend so volume is lower but in the next few days I expect increased volatility and hopefully we will soon finally see what altcoins are capable of. In those market conditions all technical analysis can become useless, I've literally seen coins go x10 in 2 weeks and I'm not in this market for anything else than that! Even if we get rejected here, the long-term picture remains bullish. I just have a feeling we will see extreme market behaviour very soon. Anyway, just thought I would let you know what I'm thinking in terms of XRP and other cryptocurrencies which have not done much compared to Bitcoin. I wish you all successful trading and if you wish to learn more, upvote the post and follow me, it means a lot!
BITFINEX:XRPUSDLong
by MyCryptoMoment
XRP USD Long & Makes its Move Higher - BUY Zone - READY FOR $1 XRP USD Looks like its ready to follow Bitcoin BTCUSD Higher Into New Highs Imminently. Although our initial Buy zone was not triggered we like the Risk to Reward from here. Also note that the initial Take Profit zone setout in the chart is just that and most likely a Major Pivot where we would anticipate adding to our position with the right timing. $1 might just be the beginning of XRPUSD next major move We have begun to add to our XRP exposure over the past 8 - 10 hours We feel XRP has done its dirty work already and flushed many of the weak hands who were trying to still hold on after the news of the US Regulators Investigation into Ripple XRP, Just like Bitcoins recent Rally to new Highs we think RIPPLES XRP Next BIG move is very close in TIME.
BITSTAMP:XRPUSDLong
by seekingpips
XRP poised for a massive move as $0.75 beckonsRipple confirms the uptrend after closing the day above $0.5. XRP may flip massively bullish if the 61.8% Fibonacci resistance is broken. A correction will come into the picture if XRP loses the support at $0.5. Ripple price continues to use the recent support at $0.35 as the springboard back to $0.75 (new yearly high). The cross-border token has remained persistent in the battle for recovery, keeping in mind that it lags behind its peers due to the uncertainty it faces regarding the ongoing lawsuits. The Security and Exchange Commission (SEC) in the US wants it to be categorized as a security token. However, Ripple Labs Inc., the company that issues XRP and its top executives maintain that the token is a cryptocurrency just like Bitcoin and Ethereum. As the brawl continues in court, XRP is on a mission of breaking barriers. Despite being pumped and dumped a couple of weeks ago,  Ripple seems attractive to investors, perhaps due to its low price compared to BTC and ETH. At the time of writing, XRP trades at $0.56 after extending the bullish leg above the critical level at $0.5. The least resistance path is upwards based on the short-term technical picture. For instance, the Moving Average Convergence (MACD) has reinforced the bullish narrative as it moves higher in the positive region. Moreover, the MACD line (blue) rests above the signal line, suggesting that XRP has a formidable bullish impulse. The upswing to $0.75 will start to materialize as soon as Ripple closes the day above the 61.8% Fibonacci retracement level, taken between the last swing high of $0.75 to a swing low of $0.34. This the immediate hurdle and needs to come out of the way for XRP to flip massively bullish. On the other hand, a correction will come into play if the resistance at the 61.8% Fibo remains unshaken. Selling orders are likely to increase, especially with investors preferring to exit amid the uncertainty in XRP’s market. Previous support levels at the Simple Moving Average and $0.35 will come into handy to stop the losses. Intraday levels Spot rate: $0.55 Relative change: 0.025 Percentage change: 4.8% Trend: Bullish Volatility: Growing
BINANCE:XRPUSDLong
by CoinGape
XRP - We Broke the Trendline I forgot to mention that we broke the downside trendline and that is good news for XRP community. Since the last time I updated you, XRP is up 30%. I said XRP is going to do 50% retracement and will test the resistance 0.475. Now we have to close one daily candle above 0.50 to move further and it is time to test the next retracement level 0.618 and once we break it we are going to test the resistance 0.75 for the last time hopefully. Good things take time so be PATIENT.
BITSTAMP:XRPUSDLong
by GOAT1375
Ripple price recovery steadies toeard $0.75 Ripple holds the uptrend in place following a rebound from the primary support at $0.35. XRP must break above the 50% Fibonacci level to sustain the recovery eyeing $0.75. A correction will come into the picture if XRP’s upside remains capped under $0.5. Ripple is making a gradual but steady recovery after recently suffering a big blow. The cross-border token was pumped massively early last week although it immediately dropped like a stone in the air. The bulls took refuge at $0.35, assisted by the 50 Simple Moving Average on the 4-hour chart. Meanwhile, XRP has regained the lost ground above $0.4 and is currently battling the crucial hurdle at $0.5. The steady recovery is happening even with the lawsuit filed by the Securities and Exchange Commission (SEC). The regulator alleges that Ripple together with its top executives sold unregistered tokens to investors. Ripple maintains that the XRP token is not a security but this lawsuit and other class-action cases filed against the blockchain startup claim the firm breached the Securities Act. At the time of writing, XRP is dancing at $0.49 and is almost hitting levels above $0.5. Trading past this crucial zone could be a turning point for XRP. More buyers are likely to join the market as their confidence in recovery rebuilds. Simultaneously, Ripple will have to settle above the 50% Fibonacci retracement level to confirm or validate the expected upswing back to $0.75. The Moving Average Convergence (MACD) is making subtle hints that XRP is having a bullish impulse. It is essential to keep in mind that the uptrend may face other hurdles at $0.6 and $0.7 before running further up toward $1. Failure to break above $0.5 and settle beyond the 50% Fibo may attract increased selling orders. Therefore, XRP is could break down toward the 50 SMA and $0.4. If push comes to shove the bearish leg may extend to the primary support at $0.35. Ripple intraday levels Spot rate: $0.48 Relative change: 0.015 Percentage change: 3.2% Trend: Bullish Volatility: Low
BITFINEX:XRPUSDLong
by CoinGape
3
XRPUSD Higher? We still like the long side of XRP buy pullbacks Although XRP has been in the headlines a lot recently regarding US regulators we still like the long side of this Crypto currency and have been adding to our exposure since its major selloff. However we dont see a great location to add to our position around these levels. Unless one is prepared to have a considerably high risk tolerance to this Crypto we would avoid adding here and would prefer lower prices first, Alternatively we would consider adding higher once the new breakout occurs with a better idea of where we would have an acceptable risk. Crypto currencies have a tremendous amount of volatility and so if you are not prepared for large percent % drawdowns one would do best to pick strategic entry points or trade a different asset class completely. On the other had if one is building a long term portfolio of crypto holdings then averaging into XRP/USD with more flexibility to precise price levels is not a bad idea.
BITSTAMP:XRPUSDLong
by seekingpips
Ripple Prepares for Massive ShreddingI usually pay no mind to XRP but since BTC was so terribly slow today, I found myself with a little free time, so here we are. This is a long term outlook based solely on Elliott Wave theory. After Ripple’s March 2020 swing low near $0.10, the market delivered a Leading Diagonal formation which produced a super deep Wave 2 correction. Leading Diagonals (not including internal Zig Zag diagonals) give us the signal of directional change. With Leading Diagonals we can also expect a strong, possibly extended Wave 3. Considering the relationship between Waves 2 and 4, with W2 being supremely deep, we can expect W4 to be much more shallow (and less frightening. Granted, this is a long term outlook - all rules remain the same. Maybe it’ll be late 2021, maybe it’ll be early 2022 but Ripple looks to plant an All Time High near $10, in due time. Currently under $0.40, this may sound like an absurd prediction. Elliott Fiinacci don’t lie though 😊. Before Ripple takes off for the sky, the ABC correction for Wave 2 of 3rd must be completed. It also looks to be a very deep correction (expecting sub $0.30). See my prediction for this correction below. Trade wisely. Play it safe or play it smart.
BITFINEX:XRPUSDLong
by DigitalSurfTrading
3
Ripple price poised for another retreat before resuming uptrend Ripple suffers under the worst pump-and-dump schemes, making recovery an uphill battle. XRP is likely to revisit lower support levels, perhaps to $0.3 before resuming the uptrend to $1. Ripple has recently undergone the worst pump-and-dump situation in its history. It is believed that a Telegram group with over 200,000 members was responsible for the pump. However, it appears that XRP whales were ready to cash out and exit the project that had probably locked their funds since the breakdown in December. At the time of writing, XRP is doddering at $0.38 after falling sharply from $0.75. The barrier at this level cut short the expected liftoff to $1. On the bright side, the 50 Simple Moving Average on the 4-hour chart came in handy and preventing the cross-border token from plunging further. Meanwhile, XRP bulls are working around the clock to break above the resistance at $0.4. However, another daily close under this level may see a selling pressure surge. Support at the 50 SMA ($0.34), might not be strong enough to hold the token in position. Thus paving the way for a further drop to the 200 SMA around $0.29. The Moving Average Convergence Divergence appears to have validated the bearish outlook. This indicator follows the trend of the asset and also measures its momentum. The MACD can be used to identity buy the dip and sell the dip positions. If the MACD line (blue) crosses under the signal line, it is best not to enter any new positions, perhaps sell. On the other hand, a cross above the signal line suggests that it is time to buy. In this case, the MACD divergence under the signal line is still wide. Thus calling for caution because XRP may retreat some more before a significant trend reversal comes into the picture. Ripple intraday levels Spot rate: $0.38 Relative change: 0.01 Percentage change: 3% Trend: Sideways Volatility: Low
BINANCE:XRPUSD
by CoinGape
1
XRP - Next target 83 cents Our updated XRP video with key support and resistance levels. Price has breached the 63 cents resistance level , came back and tested it as support. It looks ready for a GRAND CHECK of 0,83. Remember, in November the price stopped at exactly that level (ascending trend line, was 76 cents then, it is 83 cents today) Can this level be broken now? Well I don't know guys, I am experienced in financial prognosis, not a psychic. It will be 50-50- toss a coin this time. Yes, I know I told you to buy again at 35cents and i also made a huge return in 10 hours by taking a take profit perfectly in the last similar occasion but this time at 83 cents we will all need to wait and see how the price will perform. A video will follow in a few minutes.
BITSTAMP:XRPUSDLong
by FX_Professor
8
Ripple Price On Fire As It Explodes Toward $1 Ripple comes out of consolidation with a boom, spiking above $0.5. XRP bulls eye $1 if the resistance at $0.6 is broken. Ripple has had the biggest bull run following the crash in December 2020. Consolidation groped the token leaving it motionless in the range between $0.25 and $0.3. However, in the last couple of weeks, XRP signaled a possible technical breakout. The comprehensive analysis on Friday predicted that XRP is poised for a massive upswing to $0.4. In the meantime, Ripple is trading at $0.54 after overshooting the conservative prediction. The Breakout occurred after a symmetrical triangle pattern. The least resistance path is upwards as observed on the 4-hour chart. The price has recovered the ground above all the applied moving averages; the 50 Simple Moving Average, the 100 SMA, and 200 SMA. The double golden cross pattern on the chart reinforces the growing influence the bulls have over the price. It is crucial that buyers establish higher support, preferably above $0.5. This will ensure that the downside is protected and allow them to focus on higher levels toward $1. Some delay is anticipated around $0.6 but if the bullish outlook remains intact, gains to $1 will easily achievable. Notably, the Moving Average Convergence Divergence (MACD), which tracks the momentum of an asset as well as its direction adds credibility to the bullish narrative. The MACD line has increased the divergence above the signal line, implying that bulls are completely in control. However, if a correction occurs XRP will seek refuge at $0.5, $0.4, and the former resistance zone at $0.3. Ripple intraday levels Spot rate: $0.54 Relative change: 0.05 Percentage change: 10% Trend: Bullish Volatility: High
BINANCE:XRPUSDLong
by CoinGape
2