XRPBTC
Ripple dropped 6.5% from its high, what next? Up? Down? 😱😱The Ripple topped out at $0.755, gathered liquidity, and is now correcting 6.5% from its high. Now the price has come to the local support zone, there is a chance that the price will go even lower than the local liquidity zone and then go up.
If Ripple follows our scenario, comes to the boundary of $0.756, and starts to tighten, it would be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP ABOUT TO TAKE OFF AGAINST BTCXRP has definitely being showing its strength recently even yesterdays run up we were ahead of BTC and most other large caps. And even while being wrongly suppressed by the SEC. Taking a look here i have found something that looks very very similar to the past, check out the white shaded circles on the chart and the first one on the left we see long drawn out sideways movement, mostly red candles with a few green ones popping up. Directly after this sideways "dead" movement we had an absolutely massive run up of aprx 412%, now take a look at the most recent shaded circle, dont you notice how we see once again very long drawn out sideways movement with mostly red candles and now a few green candles are starting to pop up, i placed the same run up we saw the first time on our candles we are seeing now and this would equal out to roughly 200% to the upside with a potential top of 0.00046 satoshis. Now it could play out like this or not even at all but i do believe XRP is ready for a massive run up, we could even see a bigger one then we saw before but we have to wait and see. Also lets talk about some indicators that are giving me more hope that i could be right here, first the Wave trend, as you can see on the WT we have seen a pretty long bottom with not much movement out of this zone, almost every time we see the WT bottom out a big wave all the way to the top of the zone follows. Next the coppock curve which is a longer running indicator that is used to find market bottoms and the start of run ups, we also have been bottomed out for quite some time, and the thing with this indicator is it almost never makes any jagged movement or like fakeout movement it is usually always smooth transitions with the waves usually running upto the top of the zone before then coming back down. Now we are starting to see an uptick on the coppock curve which in my mind shows we are starting to see the beginning of the next wave, as i have been saying previously i think we will be slowly starting to get back to the bullrun by the beginning of august and we really seem to be just doing that, with lots of BTC and market movement this also gives me some hope that this fractal could play out like i have it. Not financial advice just my opinion!
XRP buy the uptrend.Ripple - Intraday - We look to Buy at 0.6116 (stop at 0.5944)
Trend line support is located at 0.6100.
Dips continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
The medium term bias is neutral.
Our profit targets will be 0.6588 and 0.6638
Resistance: 0.6500 / 0.6700 / 0.6800
Support: 0.6400 / 0.6300 / 0.6100
XRP Sell the breakdown.Ripple - Intraday - We look to Sell a break of 0.6961 (stop at 0.7151)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
A break of bespoke support at 0.7000, and the move lower is already underway.
Our profit targets will be 0.6412 and 0.6312
Resistance: 0.7400 / 0.7600 / 0.7800
Support: 0.7000 / 0.6800 / 0.6500
Different possibilities for XRP depending on BTCSo we don't know what BTC will do, but I think that XRP will as always closely follow Bitcoin the next years.
If BTC really manages to hit ATH in Nov/Dec this year, which is not impossible, then I expect XRPUSD to hit the 20-30 USD region.
However, I think that this is unlikely, currently.
I think that BTC will climb to 55k now, pretend to be bullish, and then retest the MA200 again, with a brutal dump to 16k. I really hope I am wrong, but
this would really fit BTC's past behavior of extreme shakeouts.
If that happens, XRP will of course follow accordingly. And at current XRPBTC levels, this means a dumpt to retest the 10 cent area. Longterm, this
would be a bullish structure with a double bottom at 10 cents.
I am not saying that this will happen exactly like this, but it is a real possibility and we shouldn't be surprised or scared if something like this happens.
Longterm BTC will hit 250k probably around early 2023, based on the lengthening cycle theory and the theory of diminishing returns, see for example this
analysis here:
BTC being at 250k peak, this would easily mean XRP at around 50 USD.
However, this doesn't mean that XRP can't dump to 10 cents before that, one should always keep that in mind.
My advice is to position yourself accordingly. A strategy would for example be to sell some percentage of one's XRP holdings in this coming bounce, keep the rest in case of BTC continuing the rally this year.
The buying the dip should it really fall this low, with the money from the previously sold XRP.
Anyways, trade with caution and good luck to everyone.
P.S: I assume the SEC case will be resolved until early 2023 in favor of Ripple, probably contributing to a bullish scenario.
XRPRipple is expanding its popular on-demand liquidity (ODL) services in the Asia Pacific region with the launch of the first-ever live ODL in Japan. Japan is Ripple’s biggest market for remittance business and its RippleNet technology is quite popular in the region. The ODL services play a key part in the RippleNet adoption as it allows for cheap and faster cross-border transactions using XRP liquidity.
Ripple targets $1.8 billion Filipino remittance corridor. Because, every year the foreign nationals send money back home using traditional foreign exchange and money transfer services.
Ripple is currently battling out the key lawsuit filed by the US Securities and Exchange Commission that had hampered its business in the US, however, it continues to forge new partnerships in Asia Pacific Region, especially Japan.
On a logarithmic daily chart, XRP is moving in an ascending channel. At the moment, the price has approached the resistance zone. Further growth is expected when 80 cents are broken and the price is consolidated above.
Best regards EXCAVO
Ripple (XRP) - July 29Hello?
Welcome, traders.
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Have a nice day.
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(XRPUSD 1W Chart)
If the price maintains above the 0.51383-0.68279 range, we expect the uptrend to continue.
However, the 0.71097-0.88410 section is expected to create a new wave if it rises and breaks through an important volume profile section.
If it declines from the 0.51383 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
(1D chart)
If the price is maintained in the 0.60534-0.83878 range, it is expected to turn into an uptrend.
If it rises above the 0.71097-0.88410 section, it is expected that the direction will be determined again in the 1.07222-1.18894 section.
If it goes down, you should check to see if it finds support at the 0.48862-0.60534 range.
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(XRPBTC 1W chart)
If it rises in the 653 Satoshi-2413 Satoshi section, which is the bottom box section, it is expected to turn into an uptrend.
In particular, if the price is maintained above the 4264 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.
If it goes down, we should see if there is support in the 1476 satoshi-1724 satoshi range.
If it falls from the 1476 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
However, as long as it does not fall below the downtrend line, it is expected to rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
XRP/BTC it's look bearish scenario!!!I look that XRP it's interesting to invest, but not in currencies, if you're so smart and inteligent, we can firstbly invest in Bitcoin when XRP down in front of Bitcoin and you can to take more power to buy XRP to hold.
As I hold 0.34 BTC. if XRP down to 632 satoshi. I could to hold over 53,000 XRP coins just if XRP continue down more, I'm enfocous in this part if XRP down to 632 satoshi, I going to buy XRP and hold 53,000 XRP in this opportunity. As also, I find up that when XRP making a bullish volatily hard and reach or equal the Cardano price, I may to change my 53,000 XRP to 53,000 ADA. This it's so theory. But if in case that XRP down to 632 satoshi, I will going to buy in this level of Bitcoin value.
I'm interesting in this cryptocurrency for my plan B. And you can to copy me if you like to invest like a professional in cryptocurrency.
XRP Jumps to the MOONHello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP finally breaks out of the downward channel and now is above support. Next level for resistance will be 0.75 and I can see a small pullback follow by a large move to $1.00+
XRP MACD Bullish Cross!!! Win!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP is looking great because on the 2 day chart we have a bulling cross on the MACD, the momentum looks to be shifting to the upside now since it been oversold and low for a while. I expect a bullish month for august for xrp!
XRPBTC and DOGEBTC comparisonsXRP has a similar chart structure to DOGEBTC
The major similarity is that the price is range bound, meaning, price has been stuck in a limited area (squeezed) area for the majority of its existence
This 'bound' nature, builds tension as each day passes, influencing the probability of a breakout out of this range
Some things however are not similar,
As on DOGEBTC price can be seen to be consistently oscillating pumps, where XRP has limited pumps
An observation post
I am long XRP
The Final and Only XRP Technical Analysis You NeedHello boys, it's been a great journey posting ideas here since the correction in May, but sadly this will be my last post. If you have been following me, then I hope you've been taking advantage on my warnings of these dips I've been indicating for months, for this is once in a life time chance. Let's not be sappy and I will give you my final play by play expectations on what will happen in the next few days, but remember none of these are financial advice.
Next week, on the 28th, the FED will make a decision about the current monetary policy and interest rate of the current market that will most likely affect both the stock market and the crypto market along with it.
It's most likely that they will mention about the possibility of tapering and hiking the interest rate base on the CPI data that was released earlier this month that sent the stock market and crypto market down. Which will force companies to turn to the dollar since if the interest rate/tapering happens then asset classes will be hugely affected. You can look up the inverse correlation of the US dollar and the crypto market for yourself. To put it in simple terms, if the dollar goes up, crypto goes down. Companies and most big players already left different markets (including crypto) and the only people who are buying are the retail traders and hedge funds. If you're following whale wallets in the past few days you can see that a lot of them are pulling out their cash outside of exchanges and injecting coins back to the market from their cold wallets. Anybody that tells you that institutions are buying are only shilling the coins otherwise.
As expected and what I mentioned from my posts before, BTC is beginning to rally to the upside in anticipation for the biggest sell off we'll be seeing in the crypto market that will send BTC down to 12-19k area. I can see it rallying all the way towards the 35k-38k area and staying there until Monday until we start to see the stock market make their movement in anticipation for the Fed's announcement on the 28th of July.
There will be consolidation and bouncing around 28k, 24k, and 19k before having the final dip towards 12k area which will likely be in September. Why September? Because after major market corrections, the U.S. House of Committee usually have meeting about policies for the FED, but on the month of August they only have two week session before going to a break until September. So I expect a dip to 19k then see a rally to 28k area as a major fake out in the month of August, then dip to 12k around the beginning week in September.
Who knows, maybe if the market do crash and we see a temporary fix by the government and the Fed, that will be the catalyst of BTC to go for the next leg of the bull run. I would be expecting it to happen in December 2021/February 2022 at the latest. But that's too far for anybody to try to predict what will happen.
I'm sorry I couldn't give you the entire details on how I got these informations but if you follow the stock market, crypto wallets, federal news and different sectors and their movements, macro economics and cyclicals then you'd get the point. The market will do what the market have to do.
Be safe trading!
ciao
Ripple Rolls Down The Runway Preparing Ultimate Takeoff To $1
XRP price recoiled from support $0.52, clearing the path toward $0.6.
A break above the month-long descending trendline rejuvenates the bulls' effort for gains heading to $1.
Ripple has gained some ground since the selloff earlier this week. The cross-border money transfer token lost a considerable amount of its value, whereby the bearish leg extended from $0.6 to $0.52. A more than 10% decline in the cryptocurrency market is not surprising, but the same in another industry would leave an imperfect and an unwanted storm.
Meanwhile, XRP seems to have gained all the ground this week, suggesting that the international money transfer will end the week in the green. At the time of writing, Ripple teeters at $0.59 and looking forward to trading above $0.6 in the near term.
XRP Price Gain Recovery Momentum
Several buy signals keep Ripple bulls on toes as investors speculate on the price hitting higher levels in the coming sessions. Firstly, settling above $0.6 would be an excellent boost to ascertain the market's stability.
Secondly, Ripple is trading marginally above a month-long descending trend line, suggesting that one of the most significant barriers are out of the way. Note that the 50 Simple Moving Average (SMA) caps the immediate upside and must come down for bulls to extend their leg toward $0.7.
The Moving Average Convergence Divergence (MACD) indicator is vividly bullish as the 12-day EMA crossed above the 26-day EMA. As the MACD nears the mean line, the odds for Ripple sustaining the uptrend increase incredibly.
Similarly, the Relative Strength Index (RSI) affirms that bulls have the upper hand. This technical tool follows the trend of an asset and calculates its strength. A sharp move from the oversold region to the midline shows that the bulls' grip is more substantial. If the RSI continues with the same momentum to the overbought territory, Ripple will take down the numerous stubborn hurdles, heading toward $1.
Ripple Intraday Levels
Spot rate: $0.59
Trend: Bullish
Volatility: Low
Resistance: The 50 SMA and $0.7
Support: $0.56 and $0.52
XRP Breakout Time!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP appear to have double bottom around the low .50$ range and had a nice relief bounce soon after. It appear to also be breaking out of the triangle and now is retesting the breakout area. If we can hold these gains then next target is 0.70 then $1.00
XRP What is Next?!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP just broke the 60 cent support. Now the next strong support is the 0.40 level, however I think we will be in this accumulations period for many month until near the end of year is when we can break out.
Ripple - what's next? A big wave down? 😵😵The Ripple chart shows a strong support level of $0.587. XRP is starting to push towards that level, which signals that the move downward may continue.
If the price breaks this level and tests as resistance, it would be a good opportunity to sell.
The target for this move is low at $0.5, there might be enough liquidity for buying, if there is a strong volume increase in this variant, you can try to go long.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
The Only XRP Technical Analysis You NeedLike what I predicted in my past few TA's, crypto and the stock market is trending towards the downside both in respect to other markets (bonds) and the FED's sentiment (inflation). BUT, as bearish I've been with my past TA's and things unfolding to the downside, I want to give a quick update and share what the next moves could be. Remember this is not a financial advice.
I'm still leaning towards BTC going down to 12-24k, but with how things are unfolding, I'm beginning to think there will be a set up for both bull and bear trap before going down to the indicated targets. I would not be surprised if we get a rally towards 40-50k before heading down to 24k. I would assume both exchanges and whales will attempt to liquidate both long and short positions. According to my BTC chart and my stock market charts, I'm expecting to see one more leg up for BTC before going to the downside. So be careful if you're thinking about having a short or long position. In the past, whales have been able to manipulate the market and increase the price by 20-30% in a matter of hours, and bring it down as quickly too. In the past Tether printed more USDT and bough bitcoin with it, few days later Tesla and Elon announced that they're buying bitcoin which prompted a rally towards the 60k btc. I've been tracking both whale wallets and different crypto exchange movements, and they have been printing more USDC and USDT, while also injecting more coins in these crypto exchanges. Be very careful.
xo
XRP - Why I'm Buying Ripple at $0.60Barring a BTC collapse, I think Ripple is a great buy at this price. Looking back to the beginning of the year, you can see that $0.60 acted as a key level of significance which was major resistance for about 5 months until the price action finally broke out. XRP is currently repeating the same fractal it completed in December 2020 as it catches support at $0.60 again. There is an Adam and Eve pattern playing out in green. I think this could be the last real shot to buy XRP at these prices before takeoff which is why I'm all over this trade!