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Ripple (XRP) Needs This Break Out Then Next Destination Is $5Falling wedge: The price action of Ripple is moving in a falling wedge pattern since August 2018. Recently after the strong bearish trend in the month of March 2020 the priceline of XRP again has hit at the support of this falling wedge pattern. Here I was waiting for two indicators to give bullish signals. One from stochastic to give bull cross and second for the momentum indicator to turn weak bearish from strong bearish after these two signals I was expecting that the priceline will again move up to make another attempt to break out the resistance of this falling wedge pattern. Finally on 6th of April the stochastic gave bull cross and on 27th of April the momentum indicator turned weak bearish from strong bearish and then the priceline of Ripple turned bullish and sofar it has reached almost at the half of the wedge pattern. Here we can observe one more thing that the relative strength index (RSI) indicator 1st went in oversold in January 2020 and in the month of March it went again very close to the oversold zone and now it has turned bullish. And if we see the priceaction of XRP then it can be easily seen that the priceline has also formed a double bottom as well that is another very powerful bullish sign. Indicators are turning bullish: falling wedge: Volume profile and Bollinger bands are giving bearish signals: If we see the two more signals on this weekly chart then the situation is little bit disappointed. If we see the volume profile of the complete price action moving within the pattern then it can be easily witnessed that the trader’s interest is very weak below $0.17. And if we move up then we find that the interest of the traders is very low above $0.33, this is almost the same level where we have the resistance of the falling wedge pattern. Therefore in order to have a break out from the wedge we need the interest of the traders should be developed above the level of resistance, moreover if we see the Bollinger bands then it can be easily observed that the upper band of Bollinger bands is below the resistance of this falling wedge pattern. Therefore it can play a role of resistance or hurdle for the priceline that can stop the XRP to break out the resistan. Therefore in order to achieve a successful breakout from this pattern we need the Bollinger bands to move above the resistance of Wedge. However if exceptional we will have a powerful buying volume then the Ripple can ignore these signals and breakout the resistance. Simple moving averages and bearish signal on daily chart: Now if we switch to the short-term daily chart and place simple moving averages with the time period of 25, 50,100, and 200 then we can see that since 14 March to 29th of April the priceline was moving up with a strong bullish rally and first the price action broke out the 25 SMA after that priceline faced a little bit resistance but finally broke out the 50 simple moving average. And during this the we can also watch the golden cross formation between 25 and 50 simple moving averages. Then on 29th of April the price action of Ripple broke out the 100 SMA but since then the price action is not able to break out the 200 simple moving average. And it is being consolidated between 100 and 200 simple moving averages. And now there is bearish signal appeared and that is on 30th April a powerful bearish engulfing candlestick is appeared that is a bearish signal. This candlestick has completely in engulfed the bullish candlestick of 29th April. Therefore in order to break out the 200 simple moving average we need another powerful bullish engulfing candlestick that should engulf the bearish engulfing candlestick of 30th April or at least it should be equal to this bearish candlestick. Then this bearish candlestick will be cancelled. But unfortunately sofar after that bearish engulfing candlestick we have a two weak bullish candle sticks and and today we can see a weak bearish candlestick as well. Up channel: On the same daily chart the priceline of Ripple is moving within an up channel since 17th of March. At this time the price action has reached at the resistance of this channel but could not break out this resistance even after powerful bullish candlesticks with long spikes and now we have few weak bullish candles moving sideways. Here I am watching for two more indicators one is stochastic indicator another one is the momentum indicator.The stochastic indicator has already visited the overbought zone and it has given bear cross. Now if with this bear cross of stochastic indicator the momentum will be turned weak bearish from strong bearish then we can expect that the priceline may re-test the support of this channel and that is at $0.20. I am not expecting as that much powerful bearish move that the priceline would re-test the support of the falling wedge that has been formed on the long term weekly chart. Therefore after retesting the support of this channel the priceline may again move up to make another attempt to break out the resistance of this channel. Up channel: Stochastic and momentum: Key level resistance at $0.31: Now I would like to discuss 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 seen on the chat then we can easily observe that since the XRP born this $0.31 has been very powerfull resistance and support level in the history of XRP. 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 reached more than $3. Then from January 2018 to August 2019 it has been working as a a 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 bullish rally of 2017 to 2018. And this powerful bullish divergence can lead the XRP to reach $5 that will be all time high price. Conclusion: On short term the Ripple is giving bearish signals therefore we can expect bearish rally on the daily chart but on the long term the XRP is bullish and once the key level resistance of $0.31 will be broken out then XRP can achieve the all time high price. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITSTAMP:XRPUSDLong
by moon333
3
🖤DID YOU FOLLOW RIPPLE?🖤❤Hi, people!😚 Are U in a good mood, like me?🧐I hope so❤ ⚡⚡⚡RIPPLE RIPPLE RIPPLE⚡⚡⚡ A few years ago, ripple was very popular on the market.🖤💣But unfortunately now it mercilessly falls down.😪 ☝🏻Recently, its price has reached the price of 2017 year. Will it be even lower?⚠ Maybe... On the chart,📊 I indicated with a red marker ❤ a possible price drop, but I expect a rebound to the resistance levels - they are marked in green 💚. Do you keep ripples?🧐 What are your predictions? Write me about it in the comments✍🏿👇 Subscribe and like me 💪🏿 Your Rocket Bomb 🚀💣
BITSTAMP:XRPUSD
by RocketBomb
6
XRP Possible Inverse Cup and Handle? What do you think? Hey Crypto fam, I was just trying to look at XRPUSD on a 1HR chart, and came across an interesting possible inverse cup and handle that maybe forming. First, I was like nah its not possible, but then I was like why not just put it out and get some thoughts on it from people who are looking at XRP. With BTC looking a little bearish currently, I feel there is a slight possibility that this can happen. THIS IS NOT A CONFIRMED CALL, just a viewpoint. It can also break that trend line and make this post invalid, but hey whats the harm in putting it out there right? Worst thing, it won't happen. It'll be good to know what y'all think and we can have a discussion going :) Stay home safe and trade safely fellas.
by MoneyChartz
XRPXRPUSD showing positive momentum through a falling wedge, also within a descending broadening wedge which is a bullish reversal pattern. Another falling wedge is present above the one price is currently trading within. Is this simply a big shake? Fractal composite ribbon can be seen to show signs of an inverse H&S (let me know if im using this wrong, I've never used it before, always room to learn). Calling bottoms is difficult prob impossible, and shouldn't be done, but XRP is setting up a very 'hidden' bullish setup with these wedges it has formed. Best to go long like me :)
KRAKEN:XRPUSDLong
by Bixley
1
XRP ANALYSIS: SHORT THE RESISTANCEXRP ANALYSIS: XRP looks to be forming a rising wedge as it also coming to the hourly resistance block near .16 up to .1650. I am expecting a break down inside the hourly resistance. There may be a short lived pump out of the wedge into the resistance block, followed by a wick back down. Any stop loss should be above previous wick of .1650. Otherwise, look for short opportunities here down to bottom of wedge T1 at .1520. If the wedge does break down, look for T2 at .14687 which lines up properly with 50/100MA cross. RSI has tapped out on the hourly and a downward move looks promising. Last T3 at .1410. Take profit, look for a flip to long inside triple bottom support!
BITSTAMP:XRPUSDShort
by altchicasignals
1
XRP ANALYSIS: BUY UNDER $.20!XRP ANALYSIS: XRP has broken below 200MA and was rejected upon an attempt towards it. This is a clear sign 200MA is now the major resistance band. With that being said, XRP is inching upon the support zone where we have previously seen a major increase in buy volume and bulls step in to play. Any dip below .20 should be bought up quickly. I recommend to stagger bids just below .20 inside the buy zone of .1820-.2000. There will be another attempt at the new resistance line. Given that, the take profit targets are listed as T1 at .2216, T2 at .2320, and T3 at .2425. This would allow XRP so attempt the 200MA again in which we can see if bulls are able to break it! Possible Entries: .1820-.2000
BINANCE:XRPUSDLong
by altchicasignals
XRPUSD Is likely to breakout the key level resistanceTaking Bounce From The Support Of Wedge: As we have seen earlier in previous post that on week chart the Ripple is moving in a falling wedge. The formation of this chart pattern was started in Aug 2018 and now after Aug 2018 the price action has hit the support of this wedge in Dec 2019 and with hitting at support of wedge the priceline had also hit the lower band of Bollinger bands and now it has taken a strong upwards bullish move and gained more than 61% value. After placing volume profile indicator on the complete falling wedge pattern it is visible that trader’s interest was very low at the support of the wedge this was a very strong indication for this bullish move and we also had POC level of volume profile above the price action at $0.31 and this level is also a key level resistance for the Ripple as it is not broken out since Aug 2019. Based on above signals I predicted in my previous article which I posted in Jan 2020 that the XRP will move up from this support of the wege to hit the key level resistance at $0.31. Below is the chart from Jan 2020 when I posted my previous article: Below is the current position of Ripple: Simple Moving Averages | An Alligator’s Mouth Formation: On daily chart the simple moving averages with time period of 25, 50, 100 and 200 are turning strong bullish by forming an alligator’s opened mouth the 25 SMA has crossed up all other SMAs an 50 SMA has also crossed up 100 SMA and now has come very close to 200 SMA to form a golden cross with it then only 100 SMA will be left to form a bull cross with 200 SMA once the this bull cross between 100 SMA and 200 SMA will be formed then we will have a complete alligator’s opened mouth formation by these moving averages like they formed in Jun 2019 and the price action gave more than 80% profit. This time again the price action is expected to start a powerful bullish rally after an alligator’s opened mouth formation. The Key Level Resistance And Indicators: Since XRP has crossed down the price level $0.31 in Aug 2019 it could not cross up this price level again even after several attempts. So now $0.31 became a key level resistance for Ripple which is not letting the price action of XRP move up since Aug 2019. But this time the priceline is likely to breakout this resistance. If we examine since Jan 2020 the volume oscillator has triggered four times in favor of bulls with strong values of 27.62% , 23.90% , 28.34 and this time the oscillation is most powerful with the value of 30.56% if this time again the volume oscillator will be triggered then price action may breakout the resistance coz we are very close to resistance this time. The moving average convergence divergence is strong bearish and stochastic is in bear cross once the MACD turns weak bearish or stochastic gives bull cross then from here the breakout from the resistance will be confirmed. After Price Correction A New Bullish Harmonic Pattern Formed: From 13 to 16 Feb 2020 we have witnessed higher spikes than the resistance but no candle stick closed above this level and now the price action has a pullback for price correction rally and during this price correction on short term 4 hour chart the Ripple has formed bullish Shark pattern with all required dimensions as below: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci. And after completion of pattern the price line has a strong push from potential reversal zone and now it has entered in Fibonacci projection area of C to D leg between 0.382 to 0.786 Fibonacci. But in my opinion this push will trigger more power full bullish divergence which will lead to breakout from the resistance.
BITFINEX:XRPUSDLong
by moon333
XRP/USD ANALYSIS (SHORT TERM BEAR MODE)XRP/USD XRP has created a new resistance at $0.23, as you can see on the chart. There was a breakthrough upward, followed by one bounce off this new resistance, then a failed attempt followed on the third attempt. After breaking BELOW the resistance, XRP tried again to break thru and rejected. This is a clear sign, there will be a followed spike down. Volume is also supporting the downtrend as it continues to decrease after each pump. Look for XRP to fall first to recent low T1 at $.2225. If 100 MA breaks, look for T2 at $.22 and T3 at $.216. T3 is a front run of the local support and I do expect a reversal within this green support zone. Look for volume jump and a reversal wick up to flip from short to long. Possible Short Entries: $.227
BITFINEX:XRPUSD
by altchicasignals
XRPUSD After 2 Years RSI Is Oversold Now Ready To Hit $0.31On week chart the Ripple is moving in a falling wedge. The formation of this chart pattern was started in Aug 2018 and now after Aug 2018 this is the price action has hit the support of this wedge in Dec 2019 and with hitting at support of wedge the priceline is also hitting the lower band of Bollinger bands. Now we have some more positive developments in favor of bullish move after hitting the support. As per bitfinex exchange data on week chart the relative strength index (RSI) is entered in oversold zone 1st time since after Sep 2017 and it has just tipped in oversold and indicators and oscillators are turning bullish. For example the Stochastic has given bull cross from oversold and moving average convergence divergence Stochastic has given bull cross from oversold zone and moving average convergence divergence (MACD) has turned weak bearish from strong bearish and also likely to give bull cross very soon. Since Aug 2019 the price action has broken down the $0.31 support now this support is become a key level resistance for the price action of XRP and sofar the priceline is not able to breakout this resistance even after several attempts. Now we have an optimistic situation coz after more than 2 years the RSI on week chart has visited the oversold zone and sudden after this happened all indicators are turning bullish as we have seen earlier if this time the price action will be able to breakout this resistance level then we witness a real powerful bull rally which can lead 1st the price action to hit the previous high and if the previous high level will be broken out then a new highest price level can be achieved. Regards, Atif Akbar (moon333)
BITFINEX:XRPUSDLong
by moon333
XRPUSD formed bullish BAT | A good long opportunityPriceline of world's 3rd largest cryptocurrency Ripple (XRP) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: $0.19305 to $0.19228 Sell between: $0.19490 to $0.19766 So this very short term 2hr chart would be a good long opportunity for XRP day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
BITFINEX:XRPUSDLong
by moon333
1