Xrpanalysis
XRP 4H TF ascending channel part2From the previous article, XRP forms a 4H TF ascending channel.
The previous article mentioned that XRP tries to break through the weekly resistance, and failed. XRP comes to the lower edge of the ascending channel.
It is also the lowest edge of the EMA ribbon. Getting support at the meet-up point of trend line and Ema ribbon, where we have recommended to open a long position there, and until today's profit on spot is about 6%.
Pay close attention to the 4H Fibonacci 1.382 0.31350, it can be the short-term goal, which may encounter the upper trend line resistance of the ascending channel.
After breakthrough the resistance of the trend line, the long-term target can be the weekly Fibonacci 0.382 0.32887, where is also the 4H Fibonacci resistance 1.618, we may encounter a strong rebound, pay close attention to whether there is a reversal pattern appear or not.
The recent event to watch, now is Ripple's annual Swell conference, held on November 7-8 this year.
The past history, there was a wave of rising prices in the two to three weeks before the Swell conference will be held.
This year is the third Swell conference. In the past the Swell 2017 conference, XRP price has risen by 64%.
In the half month before Swell 2018, XRP has risen by 115%.
Now it is already three weeks before this year's Swell conference.
Please pay close attention to the XRP trend in the next three weeks and have the opportunity to drive a new wave of bull markets of XRP.
XRP 4H TF ascending channelAfter XRP dropped sharply after 9/25, it continues to form an ascending channel.
At an earlier time, today XRP broke through the weekly Fibonacci resistance 0.236 0.28312, and failed to break the weekly pressure of 0.236.
After that, XRP will have the opportunity to come to the support of the 4H Fibonacci 0.786 0.27328, and try to break after the consolidation.
Back to the 4H Fibonacci 0.786 level, also in the trend line below the channel, there will be two scenarios.
Scenario 1: Go straight to break the weekly pressure and break through the ascending channel upper trend line.
It is recommended that investors can set up a long position if XRP break through the weekly Fibonacci 0.236 resistance.
Scenario 2: After a period of consolidation, down break the ascending channel and complete the daily TF W-bottom pattern.
If there is reverse pattern coming out with no lower-low, the support is between the 4H Fibonacci 0.236 and 0.382.
It is recommended to enter long position In the green box.
The recent event to watch, now is Ripple's annual Swell conference, held on November 7-8 this year.
The past history, there was a wave of rising prices in the two to three weeks before the Swell conference will be held.
This year is the third Swell conference. In the past the Swell 2017 conference, XRP price has risen by 64%.
In the half month before Swell 2018, XRP has risen by 115%.
Now it is already three weeks before this year's Swell conference.
Please pay close attention to the XRP trend in the next three weeks and have the opportunity to drive a new wave of bull markets of XRP.
XRP is fight to Remain near supportThe money experience the break underneath the half lie retracement level of the last forward move from the low of $0.2352 and high of $0.261, around then the cash's worth was analyzing the significant help level of $0.2450 and hourly SMA of 100. In addition, 61.8% Fibonacci retracement level of the money last forward from the low of $2352 to a high of $0.2618 is offering the help to the cash.
The specialists are anticipating that the cash's worth is diminishing today and it is probably going to go beneath the key help level of $0.2450. They are likewise anticipating that it could further go down near the help level of $0.2350. There is a help level present at the estimation of $0.2420 and the 76.4% Fibonacci retracement level of the last above move from the low of $0.2352 to a high of $0.2618.
News Source: TheCoinRepublic
XRP Bulls trading sideways1-hour XRP/USD Value Chart: XRP is exchanging the level channel and the worth is halting at both long position and misfortunes for the present moment. The following opposition level lies the estimation of $0.25100 and it is normal that the money will soon retest the worth. On the off chance that the money breaks out the estimation of $0.25100, at that point the following objective or the opposition level is at the estimation of $0.2600.
Then again, in the event that the bearish weight again put the incentive down underneath the $0.24, at that point the money will demand the help level of $0.23400 and further, it could reach up to $0.2300. It will go further to discover the stop misfortunes at the low degree of the exchanging channel and furthermore go upward to discover the obstruction.
News Source : TheCoinRepublic
XRP Continue to Struggle at $0.23
Priorly, Ripple dipped under $0.2650 bolster line and kept falling underneath the $0.22501 bolster line also against the USD. It contacted close $0.2062 USD and the value switched and began to climb upwards. It handled the obstruction levels at $0.2250 and $0.2300 and now swell has territorialized the $0.2300 mark as its new help base.
In any case, it is seen that swell has protections at $0.2450 and $0.2500, swell could move until $0.02550 or $0.2650, at that point it would fall down the obstruction at $0.2440 demonstrating a bearish conduct. $0.2244 was the low imprint before Ripple moved back, it moved over the $0.2350 obstruction level.
News Source : TheCoinRepublic
XRP Analysis: Downtrend (Sell Off) Not Yet Complete? Conclusion for today’s XRP technical analysis: Price closing above 0.29237 implies resumption of bullish strength in Ripple (XRP).
XRP chart analysis for today is carried out using a log scale on the 6 hour timeframe. June 22, 2019 price peak of ~0.51 and the downturn in price is highlighted using a bearish trendline. The July 6, 2019 crossover of the 50 moving average (MA) below the 200 moving average (MA) also provided additional bearish bias and sell off.
Formation of a symmetrical triangle between July 16, 2019 and August 6, 2019 was part of the move to the downside with confirmation of the pattern on August 7, 2019.
Another symmetrical triangle that formed between August 14, 2019 and September 6, 2019 was confirmed with an upside breakout on September 7, 2019. However, there has been a lack of follow through in bullish momentum following a breakout from the pattern, suggesting that another leg of bearish action is a possibility in Ripple (XRP).
Current support for XRP lies between 0.23630 and 0.24547. A break below the lower boundary implies lower prices to follow. Current reflex point that is considered to provide a sustainable bullish momentum is when price closes above ~ 0.29237 and above its 200 moving average.
Added confirmation and/or bullish bias also involve a bullish crossover of the 50 moving average above the 200 moving average (MA).
First Breakout Confirmed. Second Is Right Around The Corner.XRP has broke out of the falling wedge and has been in an uptrend since August 9th. The next MAJOR resistance is the thick red line. This resistance dates back to the ATH. The MACD on the 1D has flipped bullish and is so close to flipping bullish on the 1W. (Look at my previous analysis for that. RSI is about to flip above 50, which is bullish as well. If price can break through this upper resistance we will see some real fireworks! First target is a 2X. It is definitely worth owning some XRP right now just in case of a breakout since this coin can run wild.
*This is not financial advice. I am not responsible for any losses of money.*
There Is Hope For XRP To Reverse!XRP/BTC has looked extremely bearish in 2019 but a reversal could be on the way soon. A falling wedge is forming on the weekly chart. The bottom of the wedge appears to end right in the buy zone (a full retracement of price in Dec. 2017). The top of the zone starts ar 2300 sats and ends around 1500 sats. If price breaks below that, who knows how low this can go.
I see a reversal coming due to the price decrease combined with decrease in volume as well as the reversal on the MACD. If BTC doesn't go on a ridiculous run, we could see MASSIVE gains from XRP.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
XRP heading for 40cents - First target is 37centsWe've broken to the positive on the symmetrical triangle pattern and we are seeing good volume. My target is 37cents. Volume is significant right now so I think we will see 35cents very soon, some consolidation at this resistance level and with enough volume a push back up to 37cents in the short-term.
Triangle on XRP: look last trade on xrpThe reason that i put the target below regular target of a triangle is that not always we meet exact target and i used fib level 23% to make this in a specific order.
Our recent trade was a great one with xrpusdt pair, have fun with this one.
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Making chart complicated is not wisdom it's a way to confusion to pave the way for scam.
XRPUSDT Entry Opportunity!For those who missed my last signal regarding BITFINEX:XRPUSD , I believe another risk-worthy entry point is given by the market, however previous entry price was way more reasonable.
Buy zone and the TPs and SL are shown in the chart. Risk/Reward for the first target is 1.6
Please consider Money & Risk Management before taking any position in the market.
Good luck ;)
XRP predictionsHello to everyone,
Not positive news as the overall market tendency is not going well at the moment.
In December, XRP was doing quite well, it was presented in the green zone.
XRP was trading at $0.32180 on the Investing.com Index on Thursday, down 12.58% on the day. It was the largest one-day percentage loss since October 11, 2018.
The move downwards pushed XRP's market cap down to $14.03681B, or 11.05% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53400B.
XRP had traded in a range of $0.31995 to $0.38143 in the previous twenty-four hours.
Over the past seven days, XRP has seen a drop in value, as it lost 5.63%. The volume of XRP traded in the twenty-four hours to time of writing was $771.29860M or 3.67% of the total volume of all cryptocurrencies. It has traded in a range of $0.3199 to $0.3814 in the past 7 days.
At its current price, XRP is still down 90.22% from its all-time high of $3.29 set on January 4, 2018. And expecting to be in the range of $0,31-0,28 in the next 24 hours.
XRP Analysis: Market Outlook For the Rest of 2018XRP analysis (Ripple) for today is carried out on the 6 hour timeframe. A bearish trendline is used to help determine the overhead resistance in Ripple coupled with horizontal resistance between ~$0.82 and $0.97.
Support is indicated by the green line, with ~$0.25 also used to indicate the level to watch as price closing below $0.25 would present a bearish bias.
Alternatively, price closing above the bearish trendline and also above the upper limit of resistance ($0.97) can be used as a conservative price entry into a long (buy) position.
Less conservative options in executing a long (buy) strategy would seek to enter the trade in anticipation of eventual breakout above resistance as mentioned above.
XRP was trading down over 4% today
Maybe next week it will be better?
Spot rate: 0.3648
Relative change: -4.15%
High: 0.3830
Low: 0.3538
Trend: Bearish
Support 1: 0.3587, daily pivot point support.
Support 2: 0.3461, daily pivot point support.
Support 3: 0.3237, 25 November low.
Resistance 1: 0.3800, underneath breached wedge.
Resistance 2: 0.3938, daily pivot point resistance.
Resistance 3: 0.4065, daily pivot point resistance.
XRP improvementsHello to every crypto enthusiast here,
What we have today about Ripple??
XRP/USD mercies from the significant drop, thanks to an ascending channel.Ripple was experiencing not the best time: the losses towards the latest stages of trading on Friday, down some 4.5%, as the price further as it cools.
Moreover, Ripple, Inc. recently released the news about the aunching of version 4.0 of its xCurrent product, which is already used by large-scale banking clients. This new version is going to be notable for being connected to the xRapid system, which exploiting XRP for cross-border transactions.
xRapid is the biggest hope for all XRP holders, who want to see the asset used as part of the technology and of course has an influence for the positive price changing of Ripple.
Considering all the facts, the price of XRP expecting to be stable next 24 hours, the range will be between 0.3600 - 0.392.
XRP surprises with a good news, doesn't it?While BTC is scaring us with a falling market cap, finally we have some good news from Coincheck . As it continues to get back its ten months position after it suffered a crippling breach that cost the exchange over half a billion dollars.
According to the news from 27th of September, According to a press release sent out today, Coincheck will be resuming trading services for both XRP and Factom (FCT). What does it mean for us? That the exchange is now fully operational and making all of its previous trading pairs once again available to the public.
XRP did not suffer so much as for example it happened with BTC or ETH. And we already can observe that XRP is strengthening its position. Now there is a +2,95% growth of XRP price towards USD.
So there is a chance that next 24 hours we can see the growth of 2-3% range with such a news released.
TOTAL BREAK DOWN...XRP has broken down after the stagnation for a long time in the face of major crypto sell-off that saw almost all the coins falling off the cliff. XRP/USD is down nearly 8 percent on the day at $0.346, after hitting as low as $0.3315.
XRP has been a relative outperformer in this recent sell-off and bulls have been able to hold on to in the face of this massive crash. To take an example of Bitcoin, which has fallen 42 percent from this month, compared to 24 percent in XRP.
XRP was trading at $0.40986 by 21:06 (02:06 GMT) on the Investing.com Index on Friday, down 11.15% on the day. It was the largest one-day percentage loss since October 11.
The move down pushed XRP's market cap down to $16.71906B, or 12.09% of the total cryptocurrency market cap. Highest point for XRP's market cap was $79.53400B.
During this week, XRP has seen a drop in value, as it lost 12.72%.
At its current price, XRP is still down 87.54% from its all-time high of $3.29 on January 4.
To sum up, During previous 24 hours. XRP had traded in a range of $0.40986 to $0.43275 , which is leading to the sad conclusion, that it will continue to fall or stay in this range during next 24 hours.