Get started

XRPEUR

Boom to BustUnfortunately, with the current demand for Ripple related products, such as xrapid, xcurrent etc it's just not enough to support the price at these levels. $13 Billion market cap for a company that does daily remittances of max $1 Million for Euro-exim, sendfriend, moneygram etc is simply abysmal numbers and cannot possibly support the price at $0.30 for much longer. If you were to give XRP a fair value for the actual daily remittances it handles you'd be hard pressed to say it's even worth $0.10 at this stage. Absolutely pathetic hype coin that is circle-jerked by fanboys in a giant twitter echo-chamber. These people are insane, and they illustrate why group-think is such a toxic and dangerous force. The most worrying aspect about this community is the fact that the emotional and psychological trauma induced by financial ruin only seems to make their dogma and fanaticism even more extreme. The fact that the CTO dumped $2 million of his XRP holdings days before a massive dump in the market is all you need to know as to why Ripple and XRP are complete failures. If the CTO of Amazon dumped $2M of AMZ shares investors would be furious. Ripples inability to scale is due to the fact that their infrastructure is juvenile at best and relies on dozens of dodgy exchanges with terrible security and no insurance. People honestly think that central and commercial banks are going to suddenly pump trillions of dollars into half-baked cash exchanges with no transparency whatsoever? You think this coin is going to go from $0.30 to $589 due to some vague quasi-anonymous report by some half-wit known as Shane Ellis? Do yourselves a favour and look at a total crypto-market cap chart, and tell me how that thing is suddenly going to go vertical +38000% from here? It's not going to happen. People honestly think that XRP is decoupling from BTC. The way I see it is that so many people have been scammed into thinking that it's going to be the worlds global bridge currency that they've been supporting the price at much higher levels than the rest of the alt-coins. XRP never got a chance to fully tank and bottom out, like all the other cryptos did, because so many people have had such unrealistic and wild expectations for an imminent price increase. Now that those expectations are being continually eroded, XRP will finally get the major sell-off that it needs in order for investors to rebalance their understanding and expectations of Ripple and XRP. Ripple can return to being a sub-par slow inefficient company constrained by government regulation and monopolies, and investors can finally move on with their lives.
BITFINEX:XRPUSDShort
by zmassey
1
Double the Satoshis with XRP?This idea is now getting very difficult to ignore. Plenty of confluences, but here are a few for your consideration. Now XRP is at about 6700 satoshis, then 6600, then 6500, then where? You can only go so far XRP. That's it! Count me in. First target = 8250sats, second 13400sats = ~ x2 from here, third = will provide with the next update. Aside of these bullish indicators all over this place(and other places around the world), lets see what else the sleeping giant can do. Will it show up? I am very confident, yes. Will update again and have a great trading day!
Long
by SWilson
3
XRPEURHi all, This is just a quick update on XRPEUR. What an amazing previous 1h candle! Good volume, no upper or lower shadow and most important: green! XRPEUR pair seems to have created a double bottom with the low around 15 december 2018. Thereby it exited from the falling wedge and made its way back into the big green triangle. If price does not make a sudden and unexpected U-turn (or BTC does something weird), I would expect it to test the upper descending green trendline (red box) in the near future. ---------------------- Comments are welcome. Please like & follow for more TA. DISCLAIMER: This is neither a trading nor a financial advice. You are responsible for your own actions so do your own research.
by c_c
The Elliott road to $ 589We left the green and remain in violet territory. If we are in final major correction wave C (orange) the next bottom is around $ 0.16 (+/- $ 0.05), which will be reached around march to june 2019: see blue circle. As Bitcoins has its flaws it could possibly drag XRP down that far and beyond, as well. The next major cycle can start afterwards which will likely be upwards regarding fundamental XRP data, see XRP Community . The violet wave gives an idea and is not meant as accurate, of course. The green, yellow and red ellipses show the target range of $ 589 within the given channels. I suspect that even if XRP is able to assert itself, breaking through this mark, if at all, clearly tends towards the red ellipse. Opinions?
POLONIEX:XRPUSDLong
by tarzibou
7
XRP could kiss $0.10 - $0.08Hey everyone! I am back! Did you miss me? If you would like more analysis, please, comment and like my article. My approach for the $0.08 / $ 0.10 target is a top down approach and I mainly use Elliot Waves Theory from Prechter et.al – (2018) 1 - I have identified a 5 impulse waves structure responding to the typical Fibonacci retracement and 5 corrective wave structure that I have called A 1) The impulse waves from September 2018 did not reach higher highs vis-à-vis the impulse waves in April 2018 2) The impulse wave from September is in 3 times which is typical for a correction in ABC (0.786 of A) in turquoise - they are moving inside B As a consequence, if and only if we assume that A is a 5 wave corrective structure of 12345 impulse wave from April and B is an ABC corrective structure and believing that the retracements are consistent with the Fibonacci rules, C must be a 5 wave corrective structure. It would be a 12345 impulse wave corrected in ABC 5 - 3 - 5 Zigzag - following the same rules A is generally equals to C but can correct lower... (61.8%, 100% or 1.236 in extension) It means that XRP should correct to the below price 61.8% = $0.52 <-- failed 100% = $0.25 <-- will be tested 1.236 = $0.08 / $0.10 ? The question is will $0.25 hold? to assume and inquiry this question I need to find a confluence to other retracement related to my current analysis... The trendline!! We can clearly see that XRP is evolving in descending channel. Surprisingly we find a confluence of support at 0.08 Believing that we are currently in a 5 wave corrective structure - I have been able to identify a retracement of 0.786 for wave 2 Being more granular, I have identified the first 3 waves in turquoise inside the biggest 3rd wave in red and they all respond perfectly to my retracement. It means that we are currently in the Fourth wave - following the EW rules, we should reach at least 0.382 retracement -$0.40 The Third big wave (red) should end at $0.22 / $ 0.25 The Fourth big wave (red) should test the current level at nearly $ 0.35 The Fifth wave could be truncated and end at the same level, which is at nearly $ 0.25 and it would confirm the above hypothesis However, the Fifth wave corrective truncation happens during bull markets and we are currently finishing a great bear market that has corrected a long 12345 wave structure Moreover, the volume profile is showing a titanesque support at nearly $0.10 If XRP reaches $0.25, I would be able to draw a symmetrical triangle, which is a continuation pattern. According to the Wyckoff rules, if the triangle is broken below, the base should follow down which is at nearly $ 0.10 - $ 0.08 Be aware that anything can change at any time (please, do not take my analysis as a trading advice)- this analysis is solely based on what I currently see for XRP today. I would update you if I see anything changing. Saying this, does it change anything for the future of XRP? Absolutely not! I firmly believe that XRP has a huge potential and it will overtake Bitcoin very soon... I mean very soon– when finishing this correction, XRP will reach higher highs and I believe that the price will skyrocket! Take care everyone. Ma maîtrise est sans faille et mon skill sans égal I am Magic`ArKaiN
Short
by Satonacci
14
Bitcoin vs Top Market Comparison - Daily Record Chart - ( XRP )- This chart is designed to be used as a tool to monitor the Daily market comparisons, ultimately XRP's progress. - It seems that XRP is attempting to break away from BTC, with obvious gains against the other top market holders. - XRP has made some excellent recent gains recently, especially with it's BTC pair XRPBTC. - This chart indicates that XRP is in fact breaking away from BTC, and is intended for users to monitor its progress. - Feel free to leave any suggestions or thoughts in the comment section down below. Peace V
GEMINI:BTCUSD
by JustCrypto
2