XRPUSD - 1D Chart AnalysisLike most of the Coins, Ripple also went through a "dark" period starting with the 19th of November which was followed by sideways movements in the last 10 days.
In this short interval, we could see the price having a daily moving average of 8.79% (or 0.0312$) and the levels where it had difficulties in advancing were 0.3986 (Resistance Level) and 0.3458 (Support Level 1).
Even if the RSI is "testing" the "oversold" area, followed by the Stochastic's crossovers which we could see often in the last days, the MACD is still below the Signal meaning that there is more room for the price to decrease. So we have a contradiction!
At this stage, with the trading volumes which are decreasing, we can "officially" say that the market has slowed down and it's still undecided while this scenario can be described as one in which the price is "in the middle". The traders with experience might say that the "patience" is a virtue now.
In these circumstances, the optimists can consider the Resistance Level of 0.39864$ as the next target price, while the pessimists will notice that the price is still between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, meaning that it can go even lower. As a possible target price for this second scenario, we can consider the Support Level of 0.3104$.
Rippleusdt
XRPUSD - 1D Chart Analysis
Like most of the cryptocurrencies, Ripple was also affected by the drop in the market capitalization we could see today, losing 9.83% of it's value so far.
Based on this higher volatility, we could see the price crossing the 20 days Moving Average and ending the 10 days interval in which the trend was bullish.
At this stage, the RSI is heading slowly towards the "oversold" area, the Stochastic is confirming the drop, while the MACD is about to cross the Signal indicating that the price decrease has not ended.
If the this scenario which is based on these technical indicators will get caught of, the next target price can be considered 0.4504$ and even 0.4219$ in extension.
XRP. The first target is 0.46$. The global target is 0.38$After sellers cured $ 0.38, the buyers tried to continue to grow and after a breakout of 0.46 this chance came out. In my previous idea , my target was $ 0.58. However, this growth took place on small volumes:
In the price zone 0.53-0.54, there was a large amount of liquidity before xrp started falling in early October:
and this price zone was an indicator of whether buyers could continue to grow. In my opinion, buyers failed their test and this growth has shown that correction after the growth of September 21 is not over.
Assuming that the current growth from October 11th was a wave of X, then it corrected quite a deep wave W, nevertheless I expect a fall of up to $ 0.46. If after this fall buyers will not be able to break through the price zone 0.504-0.514 - then there is a high probability that the correction will continue to $ 0.38.
At $ 0.38, the wave Y will be X * .786, and the wave "c" will be equal to the waves "a" (at wave Y).
Marginal buyer positions have decreased significantly:
Sellers are still passive:
Therefore, if buyers try $ 0.506 - I'll wait for the benchmark 0.46 and see if buyers have the power to hit $ 0.504-0.514. If buyers can not stick above this price zone, I expect a drop of up to $ 0.38
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.
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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
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