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Xrp-btc

Rippling into October (XRP/BTC)After my previous chart, it seems as though the XRP/BTC bubble cycle has been completed and it has found a new floor around 0.00005000 BTC. As you can see there was a similar pattern prior to the previous test pump after a long flat price level on both the candles and the RSI. With the upcoming conference on October 9th I would expect there to be a lot of hype built up and the price to reflect this hype in hope of a huge announcement. Whether there is a real announcement or not, market makers may use this to either test pump or to full on pump the price again. Best of luck to anyone deciding to trade this idea and let me know if you see anything different or have anything to add to this idea. Thanks!
Long
by Brodie_MT
2
In depth medium to long term analysis of Ripple (XRP-BTC) 'EW'Hello everyone, here is my look on Ripple's current status. I plotted all the waves in the chart, if you have any questions or different opinions about the waves please feel free to comment about it. Situation After a huge move to the upside Ripple started a pretty long term correction. The correction was around 88%. although this seems devistating, wave 2 in crypto retraces 8/10 times 80% of wave 1. So this is actually quite normal, especially after making impressive gains. The slow down movement is caused by many people not willing to let go of their bags. Since there were not a lot of buyers it took a long while before most of the people ended up selling. Around 2 weeks ago ripples price went below the mean downtrend indicating the possible end of the downtrend. Some more indications of bottoms: 1. Dying volume over the last weeks of the downtrend. 2. Disbelief sentiment on forums and chatrooms (which will continue till end wave 3, where most ppl will be bullish again). 3. Retrace of 85%. On the breakout of downtrendline 1. Impressive volume and downtrend line acting as support. 2. Break and crossing of 35 & 100 MA with both acting as support and bottom of wave 2 of 3. 3. RSI now trending above 50 lvl. Look at RSI on chart. Other possibilities 1. Complex correction: double zig zag. In this case we just had the first zig zag, the break of the downtrend will be wave X, which Is an ABC where A is the same as wave 1 of 3 and C will end at around 2.6 extension of wave 1. After this correction the next zig zag will unfold leading to even lower bottoms. Conservative approach: Sell 25-50% of your long at target wave 3 or C, which is between 13k to 16k satoshi (2.6 ext). and if the correction wave 4 Breaks the high of wave 1 (overlapping) sell the rest. Stop loss Break of the baseline of the parallel channel implies that the correction is probably not over and your best option is to take your loss here (3.4k satoshi). If you want to enter, it's still acceptable to do so. But of course the higher the price gets the worse your risk/reward ratio will become. Good luck!
Long
by RegideTrader
2
XRP (Ripple) - Finally waking up?Ripple has to be one of the most confusing coins in the space now. They make amazing announcements and price drops. They have real world functioning partnerships with major banks, price drops. I have no idea what is motivating price action on this other than big fish pressing the price down. I don't buy into the whole centralized thing, as traders who move markets, don't care about this. Anyway, I believe it's about that time for RIpple. As I mentioned in my post on LTC, it seems the original alts are coming back. Some with huge moves and some still TBD. A good time to invest is when people are hating and turning their backs and RIpple is certainly suffering that. The technology and purpose are not questioned and neither are their backers. Centralization isn't always a bad thing anyway. For me, in the short term especially, we will need the RIpples of the world to make the public more comfortable with blockchain technology. I'm going to get my toes wet and see what happens here. From a TA perspective, Ripple has hit a serious bottom against BTC. There is always lower to go, but this floor seems solid and we've already seen a small bounce. Descending triangles are not usually what I like, but both Stochastic and RSI are heading in the right direction. In particular, RSI is moving out of oversold territory. These tend to be signs of trend reversals and with a strong floor being established, I think risk vs reward is in my favor. Let's see...
Long
by dctobkk
12
XRPBTC looks like a falling wedgeLooking at whole crypto market and trying to make some money out of my longs, this is the only graph that makes sense to me. XRPBTC is accumulating for quite sometime and everyone is waiting for a breakout. Bearish momentum is not that strong comparing to other cryptos and falling wedge means its getting weaker and weaker. Maybe the breakout is not in yet but ratio should go upwards at least to 10k-11k levels from here. Thanks for following.
Long
by ahmetcantasci