Xrp-btc
RIpple - I know a Wedge if I see one.Hey, I am back with another Technical Analysis, this time looking at Ripple/XRP.
Quick and straight to the point.
Which has looked like an accumulation , has turned into a rounding bottom.
Ripple has seen a good volume move, which I didnt expect this early to happen, I expected a longer accumulation but still, move was significant and broke through 10,000 sats easily.
Moves like these are hard to sustain , this one failed after Ripple has shown a rising wedge, which is a bearish patern , and broke below 10,000 sats.
Currently Ripple is in a Falling wedge, which is a bullish pattern , and is getting ready for another push up!
Would you like more familiar Technical Analyzes?
Let me know in the comments or simply just by hitting that " agree button ".
Thanks for your time and good luck trading.
XRP moving patternIn the chart you see XRP is forming some sort of a symmetrical triangle. Till now, everytime we hit the support levels on the blue line, we get a big spike up.
While in my opinion the cryptospace is tied to BTC (to a certain extent) I always look at the BTC chart first before looking at alts.
With BTC holding support on the 200 weekly moving average the forecast for BTC in the short term is quite positive. While BTC is holding support on the 200, XRP is holding support on this trendline. Therefore, I think it is very likely that we will see a green candle up to the .42 resistance levels for XRP.
What happens after that is the interesting part. If XRP breaks resistance from the gold line, we are likely to see further upside. However, if it does not break this resistance we will most likely go back to test the blue line. If we fall through, I think XRP will test the red support line to posibly reach capitulation and go up from there.
Good luck trading!
XRP/BTC - Re-enter signal-As long as the white and blue line are above the grey area in the back, you make more $BTC..
The USD chart for $XRP is looking bearish atm, XRP-BTC on the other hand looks like it wants to head higher in the coming weeks.
-IF $BTC starts to drop from current $3286 (binance) levels, then XRP will probably rise further.
For a bullish scenario we need the grey area (231 MA) to make a bowl shape (like it did between from Oct to Nov in the chart above), which will then indicate a jump in price possibly re-testing the 0.000010000 price levels (15% from current price) somewhere in Q1 of 2019.
-On a higher time-frame (343) we also have the white (7ma) and the blue (77ma) crossover:
XRPUSD reversed off resistance, potential for further drop!XRPUSD reversed off our first resistance at 0.3415 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 0.2646 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRP/BTC: Patience needed for the pump? XRP has been moving to inverse to BTC recently, and I have an itching feeling it will moon one of these times BTC takes a nose dive. That is more a gut feeling, nothing to back that up with.
Anyway, support around 0.00088 has been holding for a couple of days now and it has felt like ages, long here with a target in the purple box around 0.0001
If XRP drops out of this range (on a potential BTC move up?) then I would expect XRP to visit the 0.0007 area which is the second red box on the page
Seen some VERY bullish XRP targets recently flying around, some hitting at early 2018 levels, I think that is mostly hopium, but it is important to look at what XRP has done in the past, generally mooning after it sees some pumping action.
Also being clear here I think XRP is total garbage when it comes to a cryptocurrency, but I chart it for the #XRPArmy and for the fact that it is listed on bitmex. Also such a high market cap that it is (unfortunately) relevant.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
$XRP DAILY CHART- the EW does not apply here that much but just ideas of what we could see in the future
- im extremely bullish on XRP for the end of the year as well as upcoming 2019
XRP. I expect the continuation of the fall to 0.28-0.3 $After a sharp fall from November 18, sellers were able to bid $ 0.33. The price has not reached my target, which I wrote in one of the ideas . Buyers began an attempt to grow. However, in terms of the nature of growth, it was more like a correction.
At first, the large volume was visible only at the test of 0.33-0.35 $, then the volume declined.
Secondly, during the growth, there were very deep corrections and comparatively low maxima
on the third chart XRPBTC looked not very optimistic about the growth of BTC:
I think you have noticed that while trying to grow BTC other coins, or stayed in place or passively grew. However, with less attempt to drop the BTC, the coin fell badly. In my opinion, there are currently insufficient lobbies in the market to grow everything.
Also, the local high is $ 0.408. At this price, the Fibonacci level is 0.618 from the falling pulse (November 18th).
If to spend on local lov and high channel, it turns out that the critical point for sellers is 0.386-0.39 $. At this point there is both a liquid zone and an upper trend line. And while buyers did not beat this point, I do not consider this coin to grow.
If the correction from the fall is over, then the critical point for buyers is $ 0.33. If sellers try this price, then the following targets are for a fall of 0.306 and 0.28 $. In addition to the analysis of volumes in the price of $ 0.306, the current wave of the fall will be half the incident impulse from November 18th. and at a price of 0.28 $ respectively 61.8%:
So for the start I expect $ 0.33 with an end targetof $ 0.28
Ethereum opportunity What do we have here?
-Ethereum is losing capital to XRP for about a month, and should recover part of this capital to fight to be second place marketcap
-90% retraction from 2017 bubble
-Double ABC making a corection WXY
-Descending Wedge
-Will bleed more if BTC dumps
-RSI daily record oversold, weekly too
Can/Will XRP replace the king of the Hill? BTC 2.0?With all of the speculation, rumors, and technical opinions there out there, there's a lot of people who believe this is inevitable.
- Can XRP replace BTC 0.68% and become the new king of crypto?
- Can it become the one everyone has been waiting for who said another coin will eventually replace Bitcoin?
Tell me your thoughts on this in the comments section down below.
XRP/BTC - Short (Conditionally)• Rallied 25% amidst strong bearish price action throughout rest of market, still up 18% on the week --> Excessive upwards move for such a large cap coin
• Stochastics trending down on hourly with bearish divergence on larger timeframes
• Tried to rally about 10000 range for a second time, rejected
• Buy volume weakening, sell volume increasing
• If it reaches previous resistance and breaks (9250-9350 range), great short opportunity
XRPZ18...It Has To Go Down Sometime...Right?Honestly I don't know! We are in an INSANE situation right now with bitcoin getting slaughtered and ripple holding strong. Has something changed fundamentally? The fact is I don't know. However, based upon TA I think xrp/btc is getting very, very,very toppy. Now, if you remember when I tried to call the bchz18 top then you will remember that it is..well..dicey at best trying to call tops but we did get that call right in the long run and I think we will get this one right as well. Let's see what happens.
Red Boar
p.s. RIP bitcorn *tear
XRP/BTCHello all,
XRP taking obviously advantage on BTC, probably that this will continue, XRP will see its dominance increasing in the Crypto market, but not sure if it will affect significantly the value of the pair XRPUSD, let's follow this closely.
What do you think? please share your comments and thoughts.
Cheers