Rippleusdt
XRP - Decision time nears for RippleXRP continues to oscillate within this triangle/bull flag awaiting a move in either direction. We are currently stuck in a supply zone and have remained here for the majority of the week indicating consolidation before volatility resumes and we get a break in either direction.
RSI does seem to be testing resistance again, which does show some bullish pressure while MACD currently remains totally flat. It might be too soon to call a direction, therefore waiting for Bitcoin to move might be the smart play here.
Thanks guys!
XRP - Short still on and expecting lower! After the insane gains XRP exhibited last week, getting into a short position has been very profitable.....AT THE RIGHT PRICE! Shorts got BURNED hard trying to go against the trend ever since its breakout at $0.27-$0.28 to the highs around $0.80. As the MACD and RSI topped out, shorts could have been entered SAFELY on the second rejection of the supply zone around $0.625. Having stops around the SFP high would still have you in this trade and with Bitcoin failing to break higher, the odds of Ripple continuing lower are looking better and better. Target is set at $0.43 but lower could be possible if BTC completely breaks down from here. As seen on the chart, a heavy POC near $0.58 will be hard to breach as everything pulls back from last weeks run.
Keep an eye on BTC when entering as well as exiting a trade to not leave too much on the table.
Thanks guys!
RIPPLE (XRP/USD) Possibly "Double Bottom"Currently, Ripple' trades between the $0.25 and $0.3 levels. The Short-term price structure is still lower highs and lower lows but the chart shows us that it slowly starts to slow down after the drop from $0.35. A first possible support is the August low/the 2018 low and the round number area $0.25. If it finds support from this area then we have also a bullish chart pattern called "Double bottom" and currently looks like the channel guide us into this area.
To enter the market from the mentioned area we have to watch what Bitcoin' do, if it also shows us some positive signs then definitely this is a place where Ripple' may bounce upwards.
Upwards target would be the trendline which is pulled from 04.07.18 wick. This trendline starts to work as a resistance and if we get a candle close above the trendline and above the round number $0.3, then we have an almost free ride to the $0.35 or $0.4, depends how healthy the market is.
To confirm bearishness then if we get a candle close (at least four-hour) below the August low which matching almost exactly with round number $0.25 then this is our confirmation and we can be almost certain that XRP' could drop as low as $0.2. There is the rally month low (December low), historically nothing more and the psychological number. The rally month low - last year December rally started from this area! So, if we drop below the $0.25 next stop would be around $0.2.
Hopefully, those level and this analysis helped You out a little bit to confirm Your own analysis!
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XRPBTC: Can XRP Prove itself?Hi All,
Hope all your trades are going well.
It's all in the chart.
RSI: Shows Oversold
Probability: Uptrend Reversal, depending on BTC trend.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
XRP. I do not believe in the global long!Now in the market there is a rollback after a long-running down trend. But are there any facts that can show us that further will be a strong upward movement? Especially, Ripple is relatively weak with respect to other coins.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for investors XRP part 2" has not worked out yet. But my targets have not changed and there is a big chance to see them.
Ripple - How to trade?Price is moving on a wedge which supported by an uptrend line and RSI 8 confirmed for reversal. The cleavage of SMA 100 and SMA 200 is very good and Ichimoku cloud still up.
All of good conditions give us a trading opportunity. Order can be placed at the zone $0.82-$0.84.
Short term profit target: $0.9
Middle term profit target: $1.1
Long term profit target: $1.4, $1.7
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Stoploss: $0.7
Zoom out:
XRPUSD (D): Ripple at important decision point ...Ripple has corrected strongly since its high (86%). In the meantime, Ripple was able to gain 113% again. In comparison bitcoin achieves 50%!
Currently we could see two triangles, the red and the grey triangle in the chart. If Ripple breaks the red triangle, a further increase can be expected. If Ripple remains within then a correction down to 0.55 is possible.
If the grey triangle is correct, a retest is possible.
Next target could be Fibo 38 at 1.40.
Let's see what happens. Happy trading. :-)
Not a Happy Pattern: RippleRipple is not creating a happy pattern with much of any potential to the upside. While BTC and ETH are trying to form a continuation pattern. Ripple just isn't at the moment.
Daily chart.
MACD looking bad, about to cross.
RSI not happy
Zooming in we have MACD about to cross and we are forming this descending triangle, which is not a happy sign. We really need to test this 91 cent area again for a continuation move. If we get a clean break of 80 cents, we are going to 70 cents at least.
If you are still in a position take half off the table and set a stop. Use caution and happy trading.
-Sherem
Ripple forming another continuation wedge, but use caution!!Ripple is forming another continuation wedge like the one we saw last time. However, this one is trickier because the wedge is in this resistance zone and right below the $1 mark which is more psychological than anything. the last wedge we had a good 20 cent gap before we hit any type of resistance. If we put a buy stop above this wedge we only have a few cents before it hits that $1 mark. If you believe it's just going to blow through $1, then a buy stop just above is the right call. But this first resistance zone has really held up. I would want to see it crack a $1 before I trade a break. Your call how you play it.
smash that like button if that helps.
Happy Trading,
-Sherem
Ripple You Are Cleared For TakeoffAfter what can only be described as a dismal three months for Ripple investors who bought into the hype in December - January, there may finally be a light at the end of the tunnel. Looking at the chart, you can see that Ripple finally and clearly broke through the downtrend channel that plagued the cryptocurrency for months. Further, like most of the other cryptocurrencies, Rippple is showing an ABC correction pattern. Unless Ripple takes a major nose dive in the next 2 weeks, it looks like the majority of pain is over and we should see a slow and steady uptrend from here.