Page 8 | Xrpforecast — Trading Ideas on TradingView

XRP MUST BREAK 0.38 FOR BULLISH PUSH XRP broke it’s consolidation during the beginning of August with the most recent bitcoin plummet. It has been failing to correct back to the $.45-47 resistance levels since. The red dotted lines represent two different 2017 support lines that I feel are very accurate. I do not draw my trend lines from wick to wick or body to body, more so I look for more confirmative support/resistance levels. I do not simply draw from high to high or low to lower low, I look for areas that have additional support/resistance from previous action.. The green dotted lines are resistance levels representing levels XRP must return to if it wants to avoid another $.10+ drop to 2017 support levels again. XRP volume has decreased massively since the beginning of 2018. The previous most resistance sits around $.38, with this broken we can look for a quick 15%+ rise back to the $.45 area. I would most likely make an entry around the $.39 level for more confirmation of a small bullish push. If we notice billions being pulled over the next few days, we should then look for the previous supports as entry. I follow btc and xrp closely for similar price action. XRP current price $0.335 This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading. COMPLETED 4:26pm LOS ANGELES

Ripple about to bust lower?Ripple has been sitting in this 80-90 cent channel for a while now and my 2 resistance points have held up nicely. Normally you could throw a buy order and play these bounces and if you decide to do that use caution. We have seen BTC breaking down, ETH breaking down and there is an SEC hearing tonight and we don't know how that will affect crypto, if at all. What's more, we have the MACD rolling down on the daily and RSI also confirming divergence, this would lead me to believe we would get more of a push down then a full rebound up to 90 cents, maybe 85 cents in the cards but I would use more caution at this point. Happy Trading, -Sherem

XRP Possibly a strong bullish upward move coming.

XRPUSD (Ripple) 4hr tf analysis Price swing from ~$1.08 (March 5,2018) to ~$0.55 on March 18, 2018 has been identified in this analysis as a minor wave 3. Minute wave ((y)) is currently on and its termination marks the end of minor wave 4. Minor wave 4 is shaping up so far as a zigzag (5-3-5) Elliott wave structure.A 38.2% retracement to 50% retracement (i.e. ~$0.75 and ~$0.82 respectively) of minor wave 3 is expected to offer resistance and terminate minor wave 4. Projections for minute wave ((y)) include 100% wave ((w)), and 161.8% wave ((w)). These termination points are $0.73 and $0.83 respectively, and therefore increase the chances of XRPUSD terminating between 38.2% retracement to 50% retracement. P.S. The use of "price swing" is used to indicate the direction of the trend (i.e. bearish in this case). Price swing is not imply an actionary or reactionary wave.

Will $XRP Confirm Trending Bottom?Three times a charm!

XRP/USD Forecast - 03/03/18 Dear Viewers, Here is my Technical Analysis of the XRP Coin. Let´s get into it straight away, As you can see we had a Head & Shoulders pattern that started to shape it self mid January because of a bullish movement, which caused a bearish breakout once the neckline got crossed downwards. Now that XRP got corrected (which is very healthy for the coin it self), we can start to see a start of a very big triangle pattern marked with yellow dots. Keep in mind that what happens inside this triangle, will have an impact on XRP´s future. Option 1: XRP crosses the yellow dotted triangle upwards, we will know that a bullish mood has now taken over. This is my guess, why ? Because XRP has been coming up with great news and partnerships since 2 months, and had yet to release the most important news that WILL decide XPR´s future: A partnership with GooglePay . If this occurs, XRP will gain a huge amount of bullish momentum that I will be hard to stop it. I might create a new Head & Shoulders Pattern but where are not there yet. Option 2: The rumors of XRP and GooglePay are fake, in that case we might see a drop back to the VISL (Very Important Support Level). Which has been doing a great job so far, but how long can that last. I think that if we get to hear that the rumors of XRP getting in partnership with GooglePay is fake,that that support level might not hold anymore. If that happens, XRP will free fall. I do think the rumors are true, GooglePay needs a system like XRP in order to grow more, the low transaction fees, the easy and quick implementation are key, so in my opinion the news is true, and we will see a breakout upwards, the only question is, when. This was my Technical Analysis for XRP, Please feel free to leave a comment, to like and also to follow me and my work if you want to be up to date. Raw_Blitz out.

XRP 100% upward potential, BUT FIRST to finish leg C down Applying Elliot Wave Theory ( "EWT" to the Ripple (XRP) graph clearly shows us that we are currently forming the C-correction leg, after which a new upward impulse wave should be very likely to start . --> We clearly see the movement of the five subwaves in the upward impulse wave, followed by the ABC correction, as prescribed by Elliot Wave Theory. --> The C leg has been drawn for the first part, but can be expected to go lower (according to the wave theory principles), before a new uptrend can start, which is also confirmed by MACD and RSI indicators (see further). Applying the Elliot Wave Theory rules: EW Theory can be easily explained and applied looking at this graph. We can see the three rules hold true: --> Rule ("I") Elliot Wave Theory rule 1: Wave 2 cannot exceed wave 1 in retracement (wave two can not correct to a lower price than wave 1’s starting point) —> OK --> Rule ("II") EW Theory rule 2: Wave 3 can never be the shortest : a tricky one but subwave 3 is still longer than subwave 1 —> OK --> Rule ("III") EW theory rule 3: wave 4 can never overlap wave 1 —> OK Some guidelines are also highlighted and confirmed: --> (i) Guideline: if wave 2 is steep, then wave 4 is relatively flat : Wave 2 shows a retracement from 0,000052 to 0,00003564 or 46% correction, which is quite steep so 4 will be relatively flat and is actually around 20% —> OK --> (ii) Guideline: After a "5-wave" impulse advance, corrections ( abc ) usually end in the area of prior Wave 4 low —> we use this as a FIRST ESTIMATE to where the price will retrace BEFORE taking of for the next 5-legged impulse wave upward! Additional information on the graph confirms our viewpoint: --> The MACD is still in decline with the red line over the blue + will reach a bullish cross somewhere around end of leg C. --> RSI is also in a downward trend for the moment. Conclusion: --> It is best to sit back some more while leg C is developing, and jump back into XRP when indicators such as MACD and the start of a new first wave leg confirm a bullish reversal (note: price potential at this time to All time high is around 100%, but will be even more from the C leg bottom). PS: this article is by no means intended as formal investment advice, please do your own due diligence and best of luck!