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Xrpbtclong

ridethepig | XRP Slingshot !!What a terrible week for Cryptos. Markets were in the mood to get out of any high beta positions, XRP was no exception. We also had to contend with month-end portfolio rebalances and excess USD demand. The complete retrace towards 0.25 - 0.24 has led to a series of stops and XRPUSD has managed to find a fresh bid. Central Banks are going to provide respite this week, while the virus spreading and awful data from China will control the ebb and flow. Coordinated policy response is bullish for all cryptos, I am not sure it will provide more than a s/t relief for cryptos as rate cuts do not really help while large workforces are in shutdown! Remember we are trading perception, it is more important than reality. I would recommend buying on this dip, important to note my risk appetite is extremely negative at the moment... remain nimble if we break the channel! As usual thanks for keeping your support coming with likes, comments, charts and etc!
BITFINEX:XRPUSDLong
by ridethepig
7
Second Bullish Divergence in 6 Months for XRPAs you can see there is a bullish divergence on the XRPBTC 1D chart. This recently happened just 6 months ago between August and September 2019. We saw a 35% increase followed by a 38% increase after the first retrace (20%). We are in an eerily similar situation right now. We just saw a bullish divergence take place between December and January. We saw a 34% increase in price and we have since seen about a 20% decrease since peak price. I have drawn out various support/resistance levels on the chart. If history repeats itself, as it often does, we should see a 38%+ increase in price. The top price target is 4,150 sats which should be hit within 30 days from today.
Long
by ParCrypto
XRPBTC : 40% upside move possible in coming days - LONGXRPBTC had recently broken out from falling wedge, and price tested resistance around 0.00003050 BTC Before dropping back below 0.00002800 BTC. XRP is currently trading at 0.00002890 BTC. Considering the high open interest rate on BitMEX, We can soon see a drop in bitcoin value from a 10000-10300$ range. The upcoming drop in Bitcoin value will cause a quick drop in Major altcoins as well. XRPBTC should also drop from the current value and reach a support range: 0.00002625-2768 BTC. 0.00002625 Area is also neckline support of falling wedge from which xrp broke out last time. XRPBTC is currently holding support above 21,50 and 100MA. Losing of 100 MA support will push the price down to test 21MA support at 0.00002625 BTC area. As other major coins - TRX, ADA, ETH, ADA, and EOS have already re-tested the high from July'19. XRP should also follow its lead and breakout from 0.00003 BTC in the next few days. Trade Signal: XRPBTC LONG Entries: 0.00002650-2800 BTC Exit: 0.00003700-4000 BTC STOP: 0.00002400 BTC
Long
by HiteshMalviya