Ripple / Dollar may rise 95 - 131 pipsOur pivot point stands at 0.2914.
Our preference
As long as 0.2914 is support look for 0.3096.
Alternative scenario
Below 0.2914, expect 0.2854 and 0.2818.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.2958 and 0.2917).
Supports and resistances
0.3168 **
0.3132 *
0.3096 **
0.3060
0.2965 last
0.2938
0.2914 **
0.2854 *
0.2818 **
XRPEUR
2020 Bull Market - A short to mid term view on XRPShort term XRP visits $0.221, finds support, and closes the weekly above the trend.
It then starts eating away at the $0.355 resistance until it finally breaks. After breaking $0.355 XRP hovers somewhere between $0.335 and $0.50 for a week or so.
Similarly to $0.335 one or more attempts will be needed to pass $0.51. First however $0.335 needs to be confirmed as support and close the weekly above it.
This type of behavior continues in subsequent levels but the difference is that volatility increases as XRP moves north.
Alternatively, the current weekly remains above the trendline, and testing $0.221 is skipped.
In such a scenario XRP starts attacking the $0.34-0.35 range quicker than anticipated.
A clear break above $0.35 is what most remaining bears are looking for to turn optimistic, as this has historically been a difficult level to break!
I'd also argue that passing $0.51 confirms a full-on bull-market for XRP and at that point volatility goes into overdrive.
Consolidation in the $0.335 - 0.51 range may take a couple of weeks depending on what Bitcoin does.
Ultimately $1.00 in 2020 is a conservative target if the overall market remains in an upwards trend.
What's your take? Let me know in the comments!
XRP/BTC (Weekly Bullish Sign?)XRP/BTC
-strong bounce at the lower trendline of support
-it is likely playing inside a bullish reversal pattern
-the only way to confirm this setup if we can see a break to the upside
-closing above the descending trendline will signal buyers to enter
-this setup is ideal for mid-long term view
-as the candles are defined by weekly size
-some bullish sign is the RSI is giving us a strong bias in the future
-please watch this coin, it may reverse soon
XRP/BTC (Weekly Bullish Signs?)XRP/BTC
-this coin has been in a downtrend since the start of 2019
-the price has entered the area of dynamic support
-there is a bullish divergence on the weekly RSI
-the pattern is forming a potential reversal channel
-we have two scenarios here
-if xrp is unable to break the downward trendline
-it may go down 1 more left before attempting to change the trend
-or if a successful break above 2400 sat
-then, we can say a temporary bottom at 1900 sat for reversal chance
-overall, things are looking good in the mid to long term technical view
XRPEUR LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
XRP HUGE buy signal on the 4H
XRP has been in a downtrend since 8TH of May (flash crash - Black friday).
Since yesterday 30th of May at 22P.M. UTC+2 on the 4H chart I've noticed this buy Signal (green line on the chart - which is a pivotal point revearsal of a trend)
R1:€0.18553/R2:€0.20231/R3:€0.21723
S1:€0.18410/S2:€0.17822
XRP/BTC (Descending Triangle - Broke Downside)XRP/BTC
-descending triangle broke to the downside
-weekly support is broken at the 2300s
-next weekly support is located at the 1500s
-if downtrend will continue, expect -30% more
-you have entered Long position above the 2300s
-your stoploss should have triggered already
-don't catch a fallen knife
-wait for the reversal confirmation
-before entering a Long position
XRP Break upXRP has broken above the 200MA
This situation could be very bullish and repeat a previous break above the 200MA
Falling wedge is a bullish reversal pattern
There is a symmetrical triangle and falling wedge, subjective of where you draw the trend lines
A previous chart of mine where a break above a MA level was observed
XRP TESTING RESISTANCE The bullish rally is going to test 24 January 2020 resistance at 0,1948 (YELLOW LINE)
2 possibles scenarios as always:
1st With big volume breaks the resistance level (YELLOW LINE) and test it again for the possible target at 0,2068.
2st bounce back on the resistance looking for sell opportunities.
The price follows the bullish regression trendline 12 march green one.
The regression trendline blue one is for the bigger downtrend 15 february confirms 0,2068 as a possible target for long positions.
Next analysis it will be on XRPUSD.