XRPBTC Retraced, What Next?Hello Traders,
Today’s update will be on XRPBTC from previous technical analysis, the retrace happened, what next?
Points to consider
- Price retraced and tested new support (R/S – flip retest)
- Price respected .618 Fibonacci Level
- Local resistance is .382 Fibonacci Level
- EMA’s giving price resistance
- RSI respecting trend line
- Volume Declining
- Stochastics neutral
- VPVR on a steady decline in transactions
- Possible consolidation before next leg up
Ripple has managed to retrace back to its new support and respected the .618 Fibonacci Level before a small bull impulse move up. Small local resistance for ripple is along the .382 Fibonacci level, price is trading within a small range as of now.
EMA’s are currently providing price with resistance, pushing it down towards local support. The RSI is currently respecting it’s upwards trend line; a third bounce from here will prove its significance. The stochastics are currently neutral; we don’t really have a projected direction with conviction…
Volume is noticeably declining, we need to see an increase in bull volume if price where to respect support and head higher. The VPVR shows a clear decline in the level of transactions heading up, with increased bull volume, price can easily test upper levels. It is more probable for Ripple to consolidate in the orange box before making another impulse move…
Furthermore, we do need to keep in MIND Bitcoins Breakout; this can negate any setups in any ALTS
What are your thoughts on Ripple? Will it respect support or break through it?
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And remember
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” Yvan Byeajee
Xrp-btc
XRPBTC - Going long for a longer playPOLONIEX:XRPBTC looks like it is in a good risk to reward position to go long on the weekly chart. The MACD is turning bullish if the weekly close confirms the crossover. Regardless, with the MACD already so low it would be pretty difficult to cross back down again without a major sell off. This is crypto, so I'll have to monitor that situation.
Stochastic RSI is also leaving oversold conditions and could provide some relief in the coming weeks.
As for the price, I'm expecting it to test resistance from the previous supports that failed recently. If you've looked at other ideas I've posted lately, you can see other altcoins hitting their previous supports that failed, and POLONIEX:XRPBTC has yet to do so. XRP has a cult like following and likely won't be lost in the bear market, so I'm thinking this is a great spot personally.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Basic Support and Resistance AnalysisThe chart speaks for itself... what do you think?
I see there isn't really much resistance to break approaching 1$... However, I do also think it would need a right combination of elements for it to truly break to the upside, with momentum and volume, I do think a breakout above this prices won't be slow and steady but instead sudden and unexpected. In addition to that, nearing support isn't also much, so it would be interesting to see if these long term support levels are broken.
INSOLAR, BITCOIN, XRP : INTEGRATIONAlt Season maybe ahead or maybe not.
After knowledge and adoption next step is integration;
World knows crypto; some, both private and Institutional have already adopted them (or they will);
Next step is to "integrate" the different concepts into the different industries and let them work jointly and smoothly (blockchains with "real world" via other "oracle" blockchains- placing smart contracts among other smart contracts-, or with other blockchains through "atomic-swap" etc).
First to be "partially" integrated have been the "coins" intended as means of payment or transfer of value... quite logical considering that we already operate into a System (Financial System) completely de-materialized.
But World doesnt need thousands of token, blockchains or coins.
We may need probably multiple of tens:
1- BITCOIN as "store of value", decentralized, fair, limited, public, etc etc etc to "save" the system from the "irrational exuberance" of ITSELF with infinite money printing, fractional reserves practices, etc etc...
2- MAYBE XRP as the "public" settlement token (since many banks etc are already using or working on their "private" one); have to say I dont Own or like XRP: centralized and "privately governed" as much as could be the PBOC future token, however more "FAIR" than all the possible "others" that any Central Bank or Government can issue in the future, efficient, "regulated" and accepted\used (also considering that its Consortium is backed from the same Banks that are anyway now working on their own platform), etc etc. Clearly there is NO FUTURE (unless into the "dark market" I suppose or in the very "third world" countries) for "privacy coins": Korea started already among the "crypto friendly" countries... then.... we always had China and, India..... then Japan (?) and USA will probably follow.... then maybe EUROPE (France and Germany already "struggling" with "LIBRA", etc etc); clearly the most "advanced" blockchain jurisdictions, if jointly represent also regulated countries, will be the first to "fight" the concept of "privacy" that can be used to illicit scopes, that can deteriorate their image, rating, relations etc, let them become the next "dark" heaven for some reasons.
3- Some Blockchains projects, functional to their "being": TRUST. Here clearly we have Ethereum ETH, the "grandmother"... but as everyone knows with some limitations (clearly arised thanks to adoption..who could know before...): scalability, speed, somehow security (for itself and other networks\dapps relying and built on it), etc etc; here comes the other projects trying to "bypass" the bugs: TRON, NEO, CARDANO, etc that clearly gained their "rank" into the industry BUT if ETH is nonetheless the most adopted and trusted "infrastructure" I suppose there is a reason. Even EOS (I personally prefer and Own TLOS, from my perspective a much more efficient, decentralized and fair project.... forked from EOS) was unable to get the "throne". However TRUST is not sufficient, because if "CORE" blockchains maybe functional for a specific purpose\dapp, then each blockchain need to interoperate with another AND, in many cases, need to be connected with the REAL WORLD. And so, on such, project like CHAINLINK (LINK) pumped like rockets. Obvious :). And now other are coming. Therefore its reasonable thinking that beyond the "core" (or FIRST\SECOND Generation) blockchain projects, now its time for projects being "utilities" of the existing infrastructure. Maybe the case.. or maybe not. If you build facilities into an existing building with a weak basement to attract more guest, probably the only result you achieve is to have the building "overcrowded" when it comes down.
Maybe are the 4th\5th generation blockchains the ones who will completely change the overcrowded "token\mainnets" marketplace.... to rescue all guests of the building. Once someone will deliver a "code" and mainnet infrastructure trustworthy, able to "talk" with the other private or public infrastructures, connected to the real world, in the position to manage transactions, information flows, security, compliance and regulation rules, etc etc then probably we will experience the real MIGRATION, not only of "dapps", but of habits, adoption, USE. Then probably we will have Bitcoin as "store of value" against the political systems inefficiencies, XRP as "public" alternative among many others "value transfer" private solutions, and a bunch of 4th\5th generation blockchains that like the Iphone or SAMSUNG will enter and be into Our day-life to interact securely and efficiently with everything.
On such Insolar may represent the Iphone or SAMSUNG, maybe a real GEM... maybe not. I personally Own some of her.. and not only because of the potential "profit", but because somehow I would like to think to be one of the, perhaps, 16.000 token holder, who helped and funded "Steve Jobs" to build and drive a revolution... for me, my kids, my friends......
Looking at the chart (I'm not a chartist "pro", but think that a chart can summarize much around the "mood" of people and investors in the Company\Project... unless its manipulated clearly :) ), INSOLAR (INS) first target could be 3,48$ ( equaling 149MM$ Market Cap considering 36.250.000 token issued);
MAIN-NET alive from 1st October with Token Swap 1st November: insolar.io
Token staking: insolar.io
4th Generation Blockchain: insolar.io
Big partnerships in place and a remarkable Team: xangle.io
N1 GITHUMB commits: www.cryptomiso.com
Major Exchanges: Binance and Bithumb with volumes and liquidity in the TOP100: etherscan.io
Dapps and Products under testing already, as the Transactive Energy System (TES): medium.com
In essence a real project extremely undervalued from my perspective, and that may represent the NEXT "grandfather" with a long term target around 73$ (2.6B marketCap)? who may know... and as soon as those "minds" will work and try to change Our life in better, I'm with them.
Best
$XRP IN CHANNEL! MOVING AVERAGES ABOUT TO CROSS WATCH THE MOVING AVERAGES CLOSELY. DROPPED LAST TIME THIS HAPPENED!
XRP in a nice channel for easy small profits in the meantime. I wanted to address the 50 MA that is about to pass the 200 ma. Last time this happened you could see tension building with volume and the closing of the pattern. This time around it will do the same thing and not quite cross one another and drop (first green box) or they will cross and we will see a big impulse move upward.
XRPBTC: Approaching its Bullish Break-out PointXRPBTC has been consolidating for the past 30 days (1D RSI = 47.639, MACD = 0.000) having previously failed in July to cross the 0.00004030 Resistance, which was previously the 1W Support.
The same price behavior has been spotted during the previous cycle. The candle action is identical and as such we have concluded that we are approaching the major Bullish Break-out point.
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XRP/BTC trade warThis trade war seems to be going Chains way. But that can only be sustained for so long. Another super power is on its way.
Prepares a long waited strong move is on the horizon, as XRP ledge will convey the gold trade with GBI not BTC
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AION (AIONBTC) long.All description on the chart.
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possible breakthrough?Looking at the one hour graph here on XRP
If you take a looksee at the graph above the difference in price between highs and lows seems to be diminishing, possible breakthrough from the wedge?
Would follow the prediction of the cup and handle as shown above.
RSI & MACD seem to be at a turning point, MACD line above the signal line which signals positive growth.
However volume isn't looking great compared to past shots in price,
Therefore this breakthrough will most likely depend on what bitcoin will do next (shown in orange), which also seems to be in a pretty strong position for an uptrend.
- not financial advice, just analysing what I see
xrpxrp have important point=0.0000279 btc
case 1(green way) : if xrp can break and hold 0.0000279 then over80% possibility will go to 0.00003116 btc and if break 0.00003116 then according to green way will go to 0.00005488 btc
case 2( red way ) : if xrp cant break 0.00003116 then according to red way will go to mtl of chart
attention:according to global chart i think case 1 is more possible of case 2
xrp xrp now=0.00002911 btc
xrp will go to 0.00002416 btc 100% in several days . and then will have two way .1-grren way : xrp can hold 0.00002416 and according to green way in first target will go to 0.00005435 btc .
2-red way : xrp cant hold 0.00002416 and fall down to 0.00000738 btc 100%
good luck
Remember The Channel Lines don't disappear because you broke through them. It's going to take 6 months to get back in that channel. Put your fucking blinders on . Fill your bags. You BETTER be greedy right now. Look at where you might be considering selling XRP. Hey , I sell xrp when there is a trade to make more, but there is no fucking trade your just a dumbass if you sell anytime soon . Oh yeah....Moneygram stock will blow xrp out of the water in the short term. If you want real gains you need to be buying MGI . down from ATH over 200$ in 2006