Ripple Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
No opposite signs
Until the two strong resistance zones hold my short term view remains bearish here.
Ripplesell
XRP → Ripple Heading Down to $0.53? This May Surprise You.XRP had yet another rejection off the top of the Triangle Resistance, pushing the price down below the Daily 30EMA. The crypto market as a whole is pulling back from its recent bull run. Are we going down?
How do we trade this? 🤔
I believe the crypto market is going to reverse to the downside in the coming weeks. Refer to my recent Bitcoin lifetime analysis for those details:
What does that mean for XRP? Given the large bear candle after contact with resistance closing below the Daily 30EMA, RSI below the Moving Average, the crypto market itching for at least a pullback if not a full blown reversal to previous lows, XRP has a high likelihood of touching the Triangle Support. The short-term trade option is to short scalp the market to the bottom of the Triangle with a 1:1 Risk/Reward Ratio. I would use a small position size give we have some distance from Resistance and that this is a scalp, which is inherently higher risk but in trade for greater probability of success.
💡 Trade Idea 💡
Short Entry: 0.61
🟥 Stop Loss: $0.67
✅ Take Profit: $0.55
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Contact with Triangle Resistance, falling below 30EMA.
2. Last Daily Candle Closed Below 30EMA.
3. Gap to 200EMA and bottom of Triangle.
4. RSI at 44.00 and below Moving Average, Bias to Short.
5. Bitcoin Showing Signs of Reversal. Scalp Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Ripple - Looking To Sell Pullbacks In The Short TermH4 - Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Ripple ALLERT fall of price prediction XRP DROP BELLOW 42 cents Ripple showed signs of great bullishness in previous period as starting from 27 cents, made 80cents (which was fib based maximum started from that point).
Mathematicaly justified price of XRP at peak would be 64 cents, nor a cent more. (with presumption of uptrending from 27 cents after long consolidation-January).
However, we had enourmous buys of Ripple these days, but we do have an alert in a form of Bitcoin, shaking Ripple to the core, deflating it.
Ripple peak was 9300 sats (64cents), current low is 7786 sats/(51.5cents), while baseline is 8000 sats.
With current movement of Bitcoin and continual shakeoffs (Bitcoin rode to 6800 USD four times, failed to breach that level and now its retracing gradually, dragging entire market down with it.
While Bitcoin is still rebouncing over 6550 $, rest of the market keeps deflating goin towards lower levels.
Most important thing, : Ripple had daily bearish crossover on September 3.rd which will be felt today and in coming days as Bitcoin keeps fluctuating and going toward lower levels (6380/6280/6100/5885 along with 5750.
Appart from that Ripple's RSI shows downward momentum too, so i would expect very significant retrace on XRP.
All those Bitcoin price shakeoffs will be felt over entire market, but as always, Ripple and Stellar are the ones who sinks deepest and regain most (this is one of the way using XRP actually as a leverage, without actually gambling on Bitmex or margin trading overall.
Conclusion :
* XRP will certanly drop much deeper
* Dont rush with buys
*It's never too late to rebuy rather than sink with a coin you are holding.
* XRP drop levels would be 49cents, 47, 44, 41, 37, 32 and eventualy 27 (as making 100% retrace on fractail)
so take it easy and i would suggest everyone: Dont make premature buys, so percentage return will be significantly higher if buying on very bottom (27/32/37 cents).
I do expect full retrace (27 cents).
Good luck
XRP (Ripple) Possible Instraday Sell Set Up Well we got here is a descending daily and weekly CTL that has been broken in the last 2 weeks where price has been able to hold above it and form a daily structure and a first possible bullish impulse in a kind of wedge pattern but price s giving us soem bearish sign showin us a multi day rejection to the presented 38% fib leaving a consecutive sussetion of shadow indicating a dominating preassure coming from the sellers in the lower tiemframes so i would like to short it atleast to the bottom of the formed wedge and aim for a 4 to 8% as return t the 0.3770 area
