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XRPUSD LONG Hi After the Bitcoin Bullrun, we might see altcoins rise and reach their highest price In the year. So as it's clearly visible in the chart, we have an inverse head and shoulders pattern on XRP., which I'm expecting to hit its target or maybe a bit lower on monthly Res. Price got supported on 0.618 Fibonacci too. ---------------------------------------------------------------- What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
Long
by Crypto_MD
8
This Is How The Ripple (XRP) Gives Profit OpportunitiesHey friends, hope you are well and welcome to the new update on XRP. In my previous post, I showed that the price action of XRP has formed a bullish butterfly and finally the priceline took bullish divergence from the potential reversal zone of Butterfly pattern and produced a more than 47% rally. Previous idea: On the weekly chart the price action of XRP formed a bearish BAT pattern and after the completion dropped upto 0.50 Fib level. On the same weekly chart the priceline of Ripple has also formed an uptrend line. This uptrend line is working as a strong support for the candlesticks. This time the price action is again likely to bounce from this support. The XRP has also formed an up channel on daily chart. And reached the support of this channel. In Bitcoin market the priceline of XRP has also completed the bullish BAT pattern and entered in potential reversal zone. Conclusion: As the priceline is at the support of channel on daily chart and at the support of an uptrendline support on weekly chart. At the same time the price action has completed a harmonic bullish BAT move. Therefore we can expect a rally to the upside from here. But the PRZ level of this harmonic BAT should be used as potential reversal zone to minimize the risk factor.
BITSTAMP:XRPUSDLong
by moon333
1
XRP/USDT: Hidden Bullish Divergence Analysis 4H (Aug. 08)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this post, we analyze XRP's hourly chart, assessing its probable bullish and bearish scenarios for the short term. Analysis - To begin with, XRP has been consolidating within a bullish pennant pattern - Prices have been creating lower highs and higher lows - While bears have attempted to break the structure, bulls have managed to secure significant trend line support - There is a hidden bullish divergence in play, with higher lows on the price, and lower lows on the indicator - The Relative Strength Index (RSI) is at neutral zones, showing potentiality for a breakout - The Moving Average Convergence Divergence (MACD) has shown increasing bearish histograms, but seems to lack momentum for a golden cross formation - The Stochastic Oscillator has recently formed a golden cross at neutral levels as well, but is looking to get negated as there is a lack of momentum in the trend. - The Simple Moving Averages (SMAs) are all aligned in the order of: 20, 50, and 100 SMA - Prices have tested the lower bollinger band support - Prices have managed to bounce on the Ichimoku cloud support - For XRP to retest its new lower high, it must first break and close above the 0.618 Fibonacci resistance, providing confirmation What We Believe We believe that XRP's short term technicals demonstrate potentiality for a small breakout, possibly leading to a formation of a new lower high. However, for for further continuation, XRP would have to break and close above the bullish pennant structure. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
13
XRPUSD has broken down the channelHi friends hope you are doing well and welcome to the new update on Ripple. Today we will have the detailed technical analysis on XRP with USD pair and at the end of this article I would like to show you a very big bullish harmonic pattern that the XRP has formed with Bitcoin pair. Up channel , moon phases and EMAs: Since after the strong there is rally of March 2020 the price action of XRP has started the formation of an up channel. Even though the Ripple is not showing as that much bullish move like the other top altcoins are showing, but it was moving within this channel above the exponential moving averages EMA 10 and 20 very well. After 11th May the price action broke down the exponential moving averages then we can see a bear cross between the exponential moving averages and finally the price action also broke down the channel. I've also placed the moon phase indicator on this chart. On the up side you can watch the full moon and on the downside you can see the dark moon. The distance between one moon to another moon is called synodic cycle and that is 29.5 days long. The recent full moon was appeared below the previous full moon and it was below the resistance of the channel. And the most recent dark moon was appeared below the previous dark moon and that was at very big distance below the support of the channel. That was very clear indication that the price action may move down up to the next recent dark moon and finally the price action followed the signals of moon phases indicator and at this time after breaking down the channel support it is moving down towards the dark moon. RSI and Stochastic pulled the price action down: On the same daily chart if we watch the movement of the price action then it was almost sideways but if we watch the relative strength index (RSI) then it was completely in downtrend since April 29 2020. On 3rd June the Stochastic oscillator also gave bear cross from the oversold zone that was another bearish signal. And now finally the price action has followed the signals and broke down the channel’s support: Simple moving averages support is likely to be broken down: On below chart I have placed simple moving averages with the time period of 25 50 100 and 200. After the bullish rally that was started in the mid of March 2020 the price action could not break out the 200 simple moving average even after making several attempts. Finally the price action moved down and broke down 50 and 25 simple moving averages. At this time the priceline of XRP is at the 100 simple moving average support. If it will be broken down then we will see a further downside rally. Formation of down channel: Now after breaking down the support of up channel the price action of Ripple has formed a down channel. Therefore the price action needs to break out this down channel as soon as possible otherwise if it will be moving in this channel for the long time then this channel will lead the price action towards very low price. Head & Shoulder pattern: On the other side on the same daily chart we can watch the Head and Shoulder pattern formation with the continuation. First pattern was completed in the middle of March and after that the second Head and Shoulder pattern was started. And now it has been completed. Even though if the price action has reached the neckline of the Head & Shoulder pattern then the pattern is completed, however there is still possibility that the price action may move more down like It did in the previous pattern. Long term support and resistance levels: If we observe the long-term support and resistance levels on the weekly chart then we have a very strong support at $0.175. And this support is never broken down since 2017. On the upside we have a very strong resistance level at $0.31. This level has been working sometime as support and sometime as resistance very well since 2017. At this time It is working as very strong resistance as the price action is never able to break out this resistance level since after it was broken down in July 2019. Therefore this resistance is became a very powerful and key level resistance for the priceline. Once it will be broken out then the price action may start a very long term strong bullish rally. XRP with BTC pair analysis: Now let's switch to the XRPwith Bitcoin pair and here the price action of Ripple has formed a very positive bullish move as it has completed the formation of a very big bullish butterfly on the long-term weekly chart. At this time the price action is entered in the potential reversal zone of this bullish Butterfly and as per Fibonacci sequence it should be moved up from this level up to the Fibonacci projection between 0.382 to 0.786 level and this is the Fibonacci projection of A to D leg. As per bullish butterfly the buying and sell targets can be as below: Buy between: 0.00002028 to 0.00001548 sats Sell between: 0.00002400 to 0.00003300 sats Conclusion: Ripple is showing very weak moves with USD pair. Even it is turning more and more bearish. But if we watch its move against the Bitcoin pair then it has formed a very positive bullish harmonic pattern. And from this move we can get a clue that if the price action will turn bullish from the potential reversal zone of this harmonic pattern then definitely it will also turn bullish against the US dollar pair as well.
BITSTAMP:XRPUSD
by moon333
5
Will XRP Breakout This Key Level Resistance To Achieve $5Hi friends hope you are doing well and welcome to the new update on Ripple even though this coin is less bullish comparatively to other top cryptocurrencies however it is giving some bullish signals let’s talk about them. Finally priceline is showing bullish bounce: On the daily chart the priceline of XRP is moving within an up channel since Mar2020. Recently on 25th May XRP was reached at the support and got bounced from there. Now we can see a sequence of bullish candlesticks is being prepared. Even though these candlesticks are not as that much bullish as they should be after this bounce. However the continuation of green candlesticks is a bullish signal more over we can see that buying volume is being appeared with the continuation that can lead the priceline to the resistance of this channel. Indicators are turning bullish: If we notice the different indicators and oscillators on the daily chart then all are turning bullish. For example if we watch the moving average convergence divergence (MACD) then it was strong bearish and now it has turned weak bearish. The stochastic is already strong bullish and the relative strength index RSI was in downtrend since 29th April 2020 and now it is breaking out the down trend line that is a bullish signal. Because sofar the price action was following the trend of RSI. If RSI will be turned bullish then definitely price action will also follow the trend of relative strength index. SMAs on daily chart: If we observe the position of the simple moving averages on the daily chart with the time period of 25, 50, 100 and 200 then it can be clearly seen that 50 SMA has moved up and formed golden cross with 100 simple moving average, if it will move further more upwards then it can form another golden cross with 200 simple moving average as well. And that is considered a very strong buying signal among the traders community. That can be a big invitation to many traders to buy XRP. However the 25 simple moving average is likely to move down and can form bear cross with 50 and 100 SMAs. But it doesn't matter because the 25 SMA is already moving sideways with these tow simple moving averages. If 25 SMA would be coming down form some distance then this death cross would produce some bearish rally. EMAs on daily chart: The exponential moving averages with the time period of 10 and 21 are very important to determine the bullish or bearish trend of any asset. On the daily chart of Ripple the EMA 10 and 21 are in bear cross since 13th May 2020. And the priceline is moving sideways with these two moving averages. Now the exponential moving average 10 is moving up and at this time it is very close to EMA 21 and the price action is likely to cross up these two EMAs. We need the closing of the candlesticks above these two EMAs as soon as possible in order to breakout the channel’s resistnace. Falling wedge on long term chart: Now let's switch to the long-term weekly chart. And here we can notice that the price action of XRP is moving in a falling wedge since August 2018. And so far priceline is not able to break out the resistance of this wedge even after several attempts. In my previous article we have seen that the bollinger bands was below the resistance of the wedge, therefore the Ripple had the bollinger bands hurdle before the wedge’s resistance. That could stop the price action to reach up to the resistance. This time the upper bands of the bollinger bands has moved up above the resistance of the falling wedge and this is a bullish signal for the breakout. Because now it can be easy for the price action to cross up the resistance of the wedge. Indicators on long term chart: If we watch the different indicators on the long-term weekly chart then Stochastic has turned strong from the oversold zone. And the relative strength index is moving sideways and the moving average convergence divergence is also strong bullish. As the stochastic in MACD are strong bullish therefore we can expect that RSI will also follow these bullish signals and it will be changed to bullish soon. As visiting the overbought zone after coming out from oversold by the RSI indicator is already due. Key level resistance at $0.31: Now I would like to recall a major key level resistance and support level for the priceline of Ripple. And that strong resistance and support level is at $0.31. If we see on the chart then it would be revealed that since the XRP was come to existance this $0.31 level has been working as powerful resistance and support level. First we can see that it has been working as a strong resistance from May 2017 to December 2017. But once this resistance was broken in December 2017 then within one month upto January 2018 price action started very powerful bullish rally that produced more than 1476% gains. And achieved more than $3 price level. Then from January 2018 to August 2019 it has been working as strong support for the priceline. But once in August 2019 this support has been broken down since then priceline could not breakout this resistance again. Therefore we can expect that once this resistance will be broken out then it can repeat the same move of Dec 2017 to Jan 2018 and produce more powerful bullish rally than the rally of 2017 to 2018. And this powerful bullish divergence can lead the XRP to reach $5 price level that will be all time high price. But if the priceline will be moved down from here then we have a strong support of $0.175 and the price action is already moving very close to this support. Conclusion: Even though the Ripple is turning bullish on short term and midterm but it is still less bullish comparatively to other top cryptocurrencies. However once the XRP will be able to cross up $0.31 resistance level then it can turn more bullish than other coins.
BITSTAMP:XRPUSD
by moon333
3