Rippleusd
MY MINIMALIST ANALYSIS FOR $XRP10.15.21 0645H +8 SINGAPORE
ALERT: HITTING TARGETS SINCE ENTRY, WE HAD PARTIAL EXIT & NOW ON OUR TOP-UP AREA OF VALUE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators.
Price action, candlestick /bars, and FIBS alone will be sufficient as a major deciding factor for this MINIMALIST CHART.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
Thank You for your appreciation and support.
XRP Rejection From $1.2 Closes In On $1 As More Declines Beckon
XRP price forced below $1.1 and the 100 SMA following overhead pressure at $1.2.
The MACD and the RSI emphasize the emergent selling pressure, risking Ripple’s freefall to $1.
Ripple had gradually and with struggle rose to $1.2 during the weekend session. In September, the international money transfer token lost ground to $0.86. The lower prices allowed more buyers to come, thus lifting the token above $1. Bulls have their eyes glued on $1.4, but the barrier at $1.2 and $1.1 currently limit their efforts.
XRP Price Faces Short-term Resistance At the 100 SMA
Ripple trades around $1.09 at the time of writing. This follows a rejection from $1.2, as mentioned. The 100 Simple Moving Average (SMA) emphasizes the immediate resistance. If bulls do not recover above this level, and by extension $1.1, overhead pressure is bound to increase, leading to more losses to $1.
The Moving Average Convergence Divergence (MACD) adds credence to the bearish outlook. A sell signal will likely confirm in the incoming sessions. It will manifest as the 12-day Exponential Moving Average (EMA) crossed below the 26-day EMA. The odds for a further breakdown will soar if the MACD moves to the mean line and crosses into the negative region.
Note that the Relative Strength Index (RSI) validates the sellers’ grip on Ripple. This technical index follows the trend of the asset and calculates the strength. A continuous downward movement shows that sellers have the upper hand. Traders should be on the lookout for more action under the midline, which will add weight to the pessimistic narrative.
On the upside, Ripple must reclaim the position above the 100 SMA on the 12-hour chart and $1.1 to resume the uptrend. A move such as this will confirm to the investors that the token has what it takes to sustain an uptrend to $1.4 in the near term.
Ripple Intraday Levels
Spot rate: $1.09
Trend: Bearish
Volatility: Low
Support: $1.05 and the 50 SMA
Resistance: The 100 SMA and $1.2
Good days are coming for ripple in the next few weeks!ripple is now struggling to break a resistance, it is so underpriced right now and I think that it can break the resistance. the ripple value is so much higher than this and now there is a good opportunity to buy and hold it in the next weeks or even months.
Ripple makes offshore transactions so much easy and has a great future roadmap too. Always buy and hold coins with good fundamental reviews. I assure you that ripple is one of them.
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 1.102 (stop at 1.068)
Short term bias is mildly bullish.
Daily pivot is at 1.100.
A break of bespoke resistance at 1.100, and the move higher is already underway.
The previous swing high is located at 1.089.
Our profit targets will be 1.196 and 1.216
Resistance: 1.050 / 1.100 / 1.150
Support: 1.000 / 0.950 / 0.900
inverse and complex HS formation is eye-balling 2,22$ for XRPIt almost seems as if everything is going like clockwork for Ripple. The only positive news that seems to be missing is that the company manages to settle the legal dispute with the US regulator SEC.
The Ripple price also shows that something could be brewing with the native altcoin XRP. According to the chart below, a complex head-and-shoulders bottom formation is currently forming. This has a head (H), two left shoulders (LS) and two right shoulders (RS).
The chart pattern as such is considered very reliable with an error rate of just 6%. It also reaches its minimum price target in more than 8 out of 10 cases and this is where it gets interesting. Because according to the formation pattern here, it results in a Ripple forecast of $2.22.
This price target is about 120% above the current price level of $1.02.
However, there are a few reasons why this price target should be taken with a grain of salt. First of all, the general market situation is currently quite uncertain. Furthermore, the neckline is sloping downwards. This is a first possible sign of weakness. Last but not least, the volume on the XRP token is still quite low.
Accordingly, it may be a good idea here to observe the situation a bit more. What is still missing here as the last confirmation of the chart pattern is the breakout of the neckline.
This breakthrough should be very clear and under a relatively strong increase in volume. Otherwise, there are certainly better trading opportunities on other days on other charts. However, those who are comfortable with risk can also risk an early placement in the market with the right risk management due to the general reliability of the chart pattern.
RIPPLE - $XRP - [WYCKOFF] PHASE DPhase D
The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E) .
Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS) , making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS) , as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E .
more information on the Wyckoff Method Explained here in Binance Academy
XRP , Crazy Inverse Head And Shoulders pattern! 200% gain ahead hello everyone ,
so as y'all see in this chart , XRP is making inverse head and shoulders one after another one . target zone is shown in the chart and guys we can't trust this pattern until it gets completed . so wait for the right shoulder to get to the neckline , if it broke the neckline and went upper , we will witness a huge pump to our red zone , like the way it did in the last pattern.
if you liked the idea , just give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.961 (stop at 0.929)
A break of bespoke resistance at 0.960, and the move higher is already underway.
Previous support, now becomes resistance at 1.050.
We are trading at oversold extremes.
A lower correction is expected.
Our profit targets will be 1.048 and 1.098
Resistance: 0.960 / 1.000 / 1.050
Support: 0.900 / 0.860 / 0.800
Ripple Drops 38% From September Highs; Time To Buy The Dip?
Ripple extends the bearish leg to $0.86 but recovers gradually to $0.94.
A confirmed breakout above $0.95 would affirm the bulls’ grip on the price for gains eyeing levels above $1.
Ripple explored the levels below $1 following the bearish wave that started hitting the market on Sunday. The cross-border token had lifted to September highs of $1.4 before a correction trimmed losses. Initially, support between $1 and $1.1 mitigated the impact of the bearish wave.
Nonetheless, the last two days have been highly volatile, with Bitcoin dropping from above $48,000 to nearly $42,000. Meanwhile, XRP plunged to test support at $0.9, but the candlewick hit lowers $0.86 for the first time since August.
Ripple Could Be Preparing An Upswing To $1
The support at $0.9 currently ensures that Ripple does not drop to the following critical demand zone, the red band slightly below $0.8. At the same time, it ensures that buyers have the upper hand as they focus on the rebound to $1.
Ripple is trading at $0.94 at the time of writing amid a bullish building momentum. The Moving Average Convergence Divergence (MACD) emphasizes the bearish grip at the moment. Still, there is a possibility of a buy signal coming into the picture, especially if Ripple gains momentum above $0.95.
It is essential to watch out for the 12-day Exponential Moving Average (SMA) crossing above the 26-day EMA. Moreover, a consistent MACD movement toward the mean line would add credence to the optimistic outlook.
As Ripple recovers, some delay should be anticipated at $1, where some holders will try to break even, dampening the selling pressure. However, the most substantial supply zone is the red band on the four-hour chart. A break above this area could liberate XRP and pave the way for another leg up to $1.2 and later to $1.4.
On the downside, if losses extend below $0.9, Ripple will quickly drop to the green band, whereby bulls will put up a fierce fight, perhaps sending the cross-border token significantly upward.
Ripple Intraday Levels
Spot rate: $0.94
Trend: Bullish
Volatility: Expanding
Support: $0.9 and $0.8
Resistance: $1 and $1.1
XRP - what to do next❓🤔There is a lot of uncertainty in the market at the moment. No one can understand what is going on. Has a bear market started or are we still in a bull market? After altcoins have fallen by more than 10% it is dangerous to open any short positions. But that does not mean that the market cannot continue to fall. It is very likely that there will be a pullback or the price will be in a local range. There is an important level and zone of great value on the chart, if Ripple comes to them, it will be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP Price Prediction: XRP Struggles At $1.1
XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92.
The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access.
Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has not made significant progress since regaining ground above $1. A barrier at $1.14 proves an uphill battle to the bulls, who seem to have resorted to playing defense at $1.1.
XRP Price Downside Not Exhausted
Ripple price did not bottom following the drop to $0.92. Hence, bulls lack the momentum to take on the hurdles at $1.14 and $1.2, respectively. The general technical picture enhances the bearish outlook in the market, implying that XRP could correct further before a formidable recovery comes into the picture.
The Moving Average Convergence Divergence (MACD) indicator displays a bearish signal on the daily chart. The call to sell XRP first appeared on August 24 and was later reinforced on September 6. With the MACD moving into the negative region, Ripple is bound to explore lower levels at $1 and toward $0.92.
Meanwhile, all is not lost for the bulls when the 50-day Simple Moving Average (SMA) is considered. This moving average played a crucial role in halting the declines last week, allowing buyers to retake control. If it remains in place and unbroken, Ripple will have the chance to fight for gains back to $1.4 without having to drop to $0.92 first.
The SEC Deals Ripple A Blow In The Lawsuit
A lawsuit seeking to categorize XRP as a security token continues to drag on in the US courts. Ripple is currently requesting access to internal documents from the Securities and Exchange Commission (SEC) to develop a wholesome defense.
However, in a letter to Judge Sarah Netburn, the SEC claims that all the documents are privileged and protected by the deliberative process privilege (DPP). The letter states in detail:
“Many are also protected by the attorney-client privilege and the work product doctrine. The compelled release of the SEC’s predecisional deliberations relating to digital assets would discourage meaningful deliberation among SEC officials and staff relating to investigations, potential cases, and other regulatory activities taken or under consideration in a field where regulation carries significant consequences for the financial markets.”
The SEC continued:
“The Court should not pierce the SEC’s DPP and other privileges, particularly when the documents are irrelevant to Defendants’ proffered defense,” the agency continued, adding that “piercing the government’s privilege as a litigant over materials prepared in advance of litigation would be extraordinary and inappropriate.”
With the SEC taking a stand against supplying privileged documents, Ripple will likely file a motion to oppose the regulator’s letter on September 28. Nonetheless, Judge Netburn is expected to conduct an in-camera review of the SEC’s internal documents while considering the defendants and the plaintiff’s arguments on the DPP.