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Xrp-usd

Possible Bearish setup for XRPRipple is getting many attention at the moment due to the insane spike on last friday. Many people, including myself were confident about a possible retracement and a spike upwards again. Opinions change including mine, at this moment i am not fully confident that BTC will complete the expect small leg-up towards 6670 USD area. The end of the daily candle is coming close and it looks bearish to me. That is why i made this XRP bearish setup because i think there are some possible nice % to achieve here. I have adjusted my earlier idea on XRP and as you can see i think we are still in the ABC correction. In wave B the triangle appeared in which we went down earlier today. Now on the 5 min chart i spotted another possible triangle which i would name bearish now due to BTC circumstances. Did not had to time in my opinion to do proper wave analysis on 5 timeframe, since it looked like it could fall any moment. Since i want to keep my stoploss tight, i have my stop at C on the triangle, see my setup below: Stoploss: 0.53USD Entry: 0.52 (aggressive) Entry: 0.51 (more passive confirmation) As i am typing this we are going down a bit, lets see where this ends. Possible end target is 0.38 ~ 0.40 USD. Good luck!
BITFINEX:XRPUSDShort
by JR_Crypto
3
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.5228 (horizontal pullback support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7555 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (55) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.4248 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.5232 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). RSI (89) is also seeing a bullish exit. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
1
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.3146 (horizontal overlap support, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3458 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (34) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
6
XRPUSD approaching resistance, potential dropXRPUSD is approaching our first resistance at 0.2901 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, descending resistance line) and a strong drop might occur below this level pushing price down to our major support at 0.2687 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance and a reaction below this level 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.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.2901 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement, descending resistance line) and a strong drop might occur below this level pushing price down to our major support at 2.2687 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level 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.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.27613 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2539 (horizontal swing low support, 100% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
2
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3113 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2743 (horizontal swing low support, 78.6% Fibonacci retracement). RSI (89) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3113 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.2743 (horizontal swing low support, 78.6% Fibonacci retracement). RSI (89) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.3131 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3495 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce!XRPUSD is approaching our support at 0.3349 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3499 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is approaching support where a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
1
XRPUSD approaching support, potential bounce!XRPUSD is approaching our support at 0.3097 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.3512 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is approaching support where a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3512 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.3108 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement) Stochastic (34,5,3) is approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
3