Ripple - Long term support We're looking at soon hitting long term support here (3hits b4) on the log scale. Provides for a great opportunity for an investment. Always have an exit strategy in mind if support should break
XRPEUR
XRP back in uptrendBefore christmas XRP went on a tear and then entered a big correction following the BTC drop, it corrected more than 78% of the "christmas" advance found support around 0.45 EUR and started bouncing slowly.
XRP has now clear the main downtrend going from ATH and is heading towards the middle of the BB at 0.85 eur, which would signal a short term run to 1.25 eur (top of the BB).
Of course it is still following BTC in this bounce.
The major signal that I am looking at is a cross of the daily MACD.
Long XRPEURI have seen this from early January , so this is just a wrap up. the 4th AB=CD is forming with a target of 0,39. this area also forms a structure for support and resistance. A gartley is still in play, with a SL at 1.618 fib extension. I think that if these areas in not going to play well with a good solid volume, there is no much future in crypto (and ofcause there is)
Early forecasts:
When to buy Ripple?Ripple has touched 0.50.
Could be a bottom.
Looking for a bounce between 0.6250 and 0.60.
Stoploss is in the red zone (0.55 - 0.50)
XRPEUR (KRAKEN)will this be the future of xrpeur? u welcome to tell me what i´m doing wrong in this chart.
Fibble the Ripple 2,20 -> 0,62 -> 4,20Let me explain: I just tried to get the right boundaries for future fibonacci circles and then *insert magical formula here*.
Disclaimer: This is no financial advice, etc.
XRP easily can reach 4ish with the way it is set up now.AS you can see that the Ripple has moved just passed the intersection of the trendlines. I am expecting this to basically move sideways frustrating all short sellers as well as weak hands. I have drawn a fibo to show that the trendline intersection was very close to the 0.236 mark. Where is this going?
Firstly the downside risk is very limited. I find the risk to be negligible right now. On the upside, 1.7 may be a minor resistant and 1.9 may be a bigger one. Around 1.9, I am expecting to form another sideways movement whereas more good news from Ripple to ensure this break towards 4ish.
I am long with XRP/ETH. I do not expect ETH to have a major upside. Rather I am expecting ETH to stay below 2000AUD for now.
The bottom is reachedIt looks like that Ripple has finished its ABCDE correction and is breaking long-term declining channel. First short-term target would be somewhere at 1.8$. If Ripple continues surging it will probably face some resistance somewhere around 2-2.30$. On a long-term Ripple might have resistance at 2.8$
If Ripple continues to surge as fast as it's surging now it could reach 1.8$ by the end of 18 Jan.
However, almost all major cryptos are following each other.
This is not financial advice.
Feedback and comments are greatly appreciated.
EWT Correction: bearish wave B followed by bullish wave CI expect purple wave B will go the full way to the end of former wave 5, which corresponds with the resistance line of the downward channel, the 0.5 fib speed resistance and with the support line @ 0,786 fib (= 0,786 €, what a coincidence ;) ). As wave B always consists of three subwaves it already could be counted as this but it is also possible that we will see a test of the support line @ 0,618 fib (= 1,23 €) inbetween the next days before it will go down to 0,786 € (yellow ABC). Therefore, this trade is very tricky and you could end up in a bulltrap (yellow (b)) when the downward channel is broken upwards inbetween.
The next critical point is the end of purple wave B as then a decision has to be made. The price has been on the upper downward trend channel since around a week and could possible fall near to its centre, which would be at around 0.21 €. Personally, I do not think this will happen regarding the XRP news but as markets do behave psychologically most of the time, nothing is impossible.
Regarding the recovery happened around the same time in the last years, I am positive and think we will see the purple wave C testing the support @ 0,5 fib (= 1,54 €) which corresponds with the end of the former wave 4.
There are 2 entry points and both are above the breakthrough of the downward channel. Either on beginning of the yellow wave (b) (be aware of possible bulltrap as described above) or on the beginning of purple wave C (long position is shown in the chart).
(This is no financial advice, etc.)
XRP false break & heading to $0.48 ?XRP/USD 4H
After price has recovered from the bloodbath in the recent weeks/days, xrpusd has clearly gained strength again and broke the counter-trendline as shown above. However, calling this the end of the overall corrective structure, might be a bit too early in my opinion as the corrective structure looks to me very much like a zig zag, which would find its minimum target at around $0.48 before rocketing again towards 4.00-4.15ish levels for the completion of wave 5. I would like to see at least a retest of the recent low at $0.85 before being more comfortable considering a long position.
We also have a very strong correlation to BTCUSD - which is another factor why I avoid taking a long now and are rather short-biased. As you might have seen on my previous analysis, a drop to 8k on BTCUSD seems very possible. If this should happen, I do not see a high probability on xrpusd continuing rising.
The other option would be that price breaks through the current range box marked above and heads to $2.25 before falling again, to - same as in the first scenario either $0.85 or $0.50-0.40 levels.
Both scenarios would be invalidated if we get to see a strong close above $2.25. In the case of being wrong and seeing price violating the point of validation, I'll wait for a pullback before buying again.
XRP 5 th wave, Correction afterwards, good but incorrection to lower fib level or the 61.8 is a good buy in for ripple.
If you look at coinmarketcap Ripple was up 30% while bitcoin was up only 7 % at this moment. Ripple is still and will always be a very strong coin to invest in. I know many hardcore crypto supporters argue over the fact that ripple is a bankerscoin. But my advise to every new investor is to have at least ripple in your portfolio along with one or more other coins with a top 10 market cap. You actually dont need more since most coins grow and decline together (except some have a higher rate of recovery etc like ripple in this case)
We will soon see Ripple be at 3 dllar again and who knows where it will head to after that, The moon? :)
Levels to watch, 1.40 dollar may inflict a bounce up again towards 1.74 and 2$
1.14 is the 61.8 fib level, in the event of a retracement this could be the lowest bounce level up, trade manually or set buy limit orders.
Good trading and stay relaxed, DONT Panic.
XRP needs to break 1.2 EUR to see further upsideXRP has retested its 78% retracement today and bounced again. It is now in an uptrend going up to the downtrend from that major retracement.
We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR.
currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band.
Looking good, the next 4-8 hours will tell us way more.
Note that a break of 1.2 and retest of 1.7 should move the MACD on the daily in a uptrend which would mean much more upside.
The graph on the 4hour is even more interesting with MACD just about to cross and the middle of the boilinger band just around the downtrend. 1.2 will be an important test.
Ripple: buy the dip?Ripple/EUR reached it's downwards target: 50% of the original consolidation.
See how volume swells on lower prices (buying back shorts and buying longs).
Continuation of uptrend may take a while, but i expect Ripple to bottom out now it has reached the initial accumulation-level.
XRP bullish setup (m30/H1)After tremendous bullish run, Ripple entered correction phase and formed another Wolfe-wave.
Really high stopping volume at points 3 and 5 are confirming the validity of the pattern.
It is possible that the price will retest the recent low and will form double point 5 or even get to the indicated support line. If this is the case, it'll form another wave which is still bullish in nature.
If not, the price will stay within indicated blue pattern and will continue the already established uptrend.
Symetrical Triangle-Symetrical Triangle is forming
-Volume is decreasing
-MACD is crossing
-MFI is almost overbought
All signs of a downward breakout.
Head And Shoulder completion on XRPUSD Ripple This pattern shows up on both XRPUSD and XRPEUR 11.80% the completion with good reaction at the $1.62 shows that profit taking has nearly all but ended and new money is slowing again entering the market.
Price should begin to retest $2.50 and a bullish brakeout above that.
H&S in indecisive market: 1,20 to 0,80 and even lower?I painted a more optimistic path but as you can see the last weeks could be seen as big h&s and it could likely fall to 0,80 or even lower. If you look closely you can also recognize that if we have a optimistic path in short term to the purple B the C has to end around the 61,8 fib zone (better would be around the green support line) ... otherwise the purple 2345ABC-forms another h&s that leads to a further drop which in my opinion contradicts all fundamental data about XRP and the impact it will have on the internal financial market. But charts are charts... so be aware holding too long.
XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 EuroXRP has been retracing a bit after a nice bullish run.
For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies.
Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP.
We can see a clear retest of 1.60 from where new buying can come in.
Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate.
This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move.
Like this you will see XRP keep on going making new highs.
How I'm seeing XRP Today Jan 9thXRP has proved it's resistance to price drop many times. Many are waiting for their new partnership announcements and 2017 Q4 report.
Bull Flag or testing of the past trend line.Big confusion today.
One: A Trendline was broken and XRP crashed. XRP could go back to the broken trendline and fall again.
Second: XRP is forming a bullish Flag.
