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Rippleusd

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 - Backtest Done!Hi, we have backtested the most important trendline ever. Yesterday we did also test the (SMA50 and SMA100) and both of them held. So now it is time to see if the support level 0.47-0.50 hold. If it doesn’t hold then things will get very ugly in here, but if it holds then I am expecting that we are going to test the resistance 0.75 soon. + We have also tested the support RSI(49) and we are in a beautiful uptrend right now 🙌🏼. So be patient and don’t panic.
BITSTAMP:XRPUSDLong
by GOAT1375
4
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 - After the SECHello Traders XRP did what XRP does and threw a real "sell the news" tantrum. I hope you had some tight SL on your buy orders. From the 5min chart on the right : It seems like the dip is over and found support at fib 0.236 (44c) The BB are contracting, volume is low, volatility might be over for a while. My bias - bottom is in From the 1D cart on the left: Excellent support from previous resistance 37c We NEED 0,236 to HOLD. IF it doesn't, expect further downside. back to 37c As Always - lower timeframes needs to be watched to get an indication of what will happen to that important level. Currently I'm not biased to any specific targets. My buy orders are in, I think I'm just going to chill for a while and let XRP be XRP. You can do that, if you have SL ready. I've been scalping aggressively and I'm taking a break. I'll make another post when XRP closes a 1D above 52c again (could be soon). Best Regards Evelyn Please check out my other price targets for XRP which all hit spot on _______________________________________________________________________________ Footnote Not Financial advice Don't be surprised, XRP will always use any "excuse" to justify one massive sell order (what alerts) even if the news could be seen as "good" news. There are massive players with massive agendas for the price and that's just how it is for XRP (and don't think stonks / commodities are different). It is disappointing that cRiplle hasn't even posted an official twatter update about what went down in court. But that's the sad part, a perfectly fine digital assets crippled by bad management.
BITSTAMP:XRPUSD
by BlockTechEv
4
RIPPLE (XRPUSDT/XRPBTC) Daily Trade Setups 2021/02/20Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Trade Setups Below are the potential trade setups that I would be interested in trading: XRPBTC Short Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 1100 Sats by the time price reaches it, and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above 950 Sats, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
2