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Xprusd

XRP head and Shoulders QuickpostFirst things first I am ultimately bullish on crypto overall but when chart patterns like this appear I have to pay attention to what I am seeing. Chart is on the log scale. This channel is drawn using the candle bodies for resistance and but wicks on the support. My experience tells me that if price hits the channel support will will be as drawn here. The head and shoulders is show with full performance. This is a bull market overall so there is a fair chance that we don't impulse cleanly to full target The orange shows a consolidation triangle with target at the channel support. The full performance of the triangle is outside the channel and I very much doubt we get full performance. It is important to recall that triangles are the easiest shape to recognize but some of the worst at performing to target. The price action is about to lean heavily on the VSTOP and I suspect we see it flip here shortly. There is a chance price action continues sideways and downward for a day or so and down against channel resistance before dumping. Given the way price slipped past the 20 period SMA lends me to think it will continue to act as resistance. Should price action mount the SMA then that is a sign to close manually. I am not looking to be too greedy with this trade. I have a take profit around the channel midline and if price action blasts right to support I'll be fine with that. Soon I will have a stop loss that will be in the money.
KRAKEN:XRPUSDShort
by This_Guhy
5
About RippleThe first thing to know is that Ripple is both a platform and a currency The Ripple platform is an open-source protocol that is designed to allow fast and cheap transactions and it has its currency (XRP) but also allows everybody to use the platform to create their own via RippleNet. What is RippleNet? RippleNet is a network of institutional payment-providers such as banks and money services businesses that use solutions developed by Ripple to provide a frictionless experience to send money globally. Moreover, the platform allows you to make payments in any currency including Bitcoin and have a minimal internal transaction commission of $0.00001, yes that’s the right amount of zeros. The only reason it’s not free is to prevent DDoS attacks Ripple's potential status as security has been a subject of debate for years. XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open-source technology and that they have no control or influence over its price. They have also gone on record stating that they have not manipulated the price of the token in any way. In addition to centralization, today it is pretty much a monopoly as Ripple Labs owns 61 percent of the coins. It is important to note that the American Exchange Commission appears to regard XRP as a security. So, is XRP security? The answer remains unclear, and will likely remain this way for many more months. Unlike Bitcoin or Ethereum, Ripple doesn’t have a blockchain. Ripple has its own patented technology: the Ripple Protocol consensus algorithm (RPCA). What is Ripple used for: - low commission currency exchange, - fast international transactions. Average transaction time is 4 seconds, - payment ecosystem. Users can issue their currency for fast and cheap transaction. Which banks support Ripple: - Santander, - Axis Bank, - Yes Bank, - Westpac, - Union Credit, - NBAD, - UBS. Ripple recently inked a partnership with Dubai-based National Bank of Fujairah (NBF) Although there is a long list of very respectable banks that are planning to use Ripple, according to the Financial Times most of them are still on the testing stage. The few who transact real money use the platform but not the token. So, perhaps banks “are not that into Ripple”. Why is Ripple criticized? It can freeze your transactions. The biggest example of this is when Jed McCaleb, founder of Ripple Labs, tried to sell more than a million dollars worth of Ripple. The transaction was reversed. There are rumors that Jed breached the contract, but even though, the very possibility of freezing a transaction is against basic cryptocurrency principles. Today we add to our portfolio XRP Best regards EXCAVO
BITSTAMP:XRPUSDLong
by EXCAVO
27
$XRP - Ripple Struggles to HODL 0.28Ripple just broke below the last low at 0.295 and just printed a low of 0.28401. Do NOT panic here. I have adjusted the wave count, each point down one count. This lets the retrace from Wave 2 hit the 0.382 fib retrace nicely and Wave 4 hits 0.50... which makes this Wave 5. As noted before, Ripple Wave 5 is generally very weak, rarely passing the 0.786 fib ext which would put this move at 0.27976 at most, if it already hasn't printed its low after hitting 0.618 fib ext at 0.28915 and the price action while I type this indicates there is a high probability that is the case. In addition, the Bullish Divergence has now printed twice. Ripple is holding against the onslaught of the rest of the crypto market, only falling 6.5% while the rest of the market is down between 12 and 14%, with XRPBTC gaining 5.4%. 0.28 is a very strong level. One of my largest purchases was at this level months ago. If it does break were looking at a retest of the low at 0.24, and a break below that would be game over. For the record, I still hold positions from 0.28, 0.31, 0.36 and 0.39 and have a bullish bias.
BITSTAMP:XRPUSDLong
by Exsilium
RIPPLE MONSTER OF BEARISHNESSAt the dawn of this bullish reversal I decided to put 0 (zero) btc on ripple. With all that altcoins popping was a hard but great choise. 3 weeks ago I was preparing a long entry on ripple, but arrived at support I felt me not sure at all and I left ripple doing his oversold bounce. My initial trading idea was based on RSI cycles (cyclical high and low) EMA 50-200 convergence and rejection (green ovals) with strong green candle at the approach of the 200 EMA. I was dreaming the moon , but... But... RSI descending top and bottom (aggressive downtrend) 1 st EMA cross (red oval) after 2 rejection. Too much negative signs for me. So I stayed away. Furthermore Look at the weekly candle where is closing under the 200EMA... Now you can maybe see this But on the medium term I see just this BIO
Short
by FerdiHodler
5
The ''Pulse'' of an asset times Fibonacci: ripples in XRP Every move in a price chart starts with an ''Impulse'', imagine it like a ''Pebble''. When the Pebble hits water it creates ''Ripples'' that are captured by the Fib Series. Each Ripple has equal distances between peaks and troughs, or what I call the ''Pulse''. Each Line has Gravity . Each Line must be Tested. Each Line has a Personality. Every Asset Class behaves this way. Every Time Frame shows these ripples. Every Human Brain is susceptible to them. This is a followup to my previous tutorial linked below. That one has gotten very long with so many updates as examples. PLEASE spend some time on the numerous examples shown in the original publication:
BITFINEX:XRPUSDEducation
by EuroMotif