XRP airdop pump incoming?We broke out of the triangle but will we see any increase in price with the upcoming airdrop? or has that already been priced in.
I see a lot of people calling for $1, if that were to happen I think we would need a shakeout before hand. I can see us trend up to previous resistances and then drop after airdrop.
Xrplong
XRP - Analysis broken down by checked levelsOur prognosis for Ripple remains positive :
We estimate that the price has 65% chance (2/3) to reach the resistance at 0.77 before it tests the support of 0.545 for the third time.
1. Support 4 at 0.25 has been untested, since the price flew on Nov 20- Nov 23rd.
2. Supports 2 and 3 have both been tested and checked.
Rejection at the 0.77 level on Nov 24th was strong, but given the price had risen for over 100% in 40 days (0.30 to 0.70 from Nov 20 to Nov 24) it makes sens .
IN THE SAME MANNER THE RISE FROM 0.78 TO NEXT LEVEL OF 1. 40 CAN BE AGAIN EXPLOSIVE!! But first the 0.78 level must be breached.
XRP - Big Chart for EOY prognosisOur prognosis for Ripple remains positive :
We estimate that the price has 65% chance (2/3) to reach the resistance at 0.77 before it tests the support of 0.545 for the third time.
1. Support 4 at 0.25 has been untested, since the price flew on Nov 20- Nov 23rd.
2. Supports 2 and 3 have both been tested and checked.
Rejection at the 0.77 level on Nov 24th was strong, but given the price had risen for over 100% in 40 days (0.30 to 0.70 from Nov 20 to Nov 24) it makes sens .
IN THE SAME MANNER THE RISE FROM 0.78 TO NEXT LEVEL OF 1. 40 CAN BE AGAIN EXPLOSIVE!! But first the 0.78 level must be breached.
XRPUSD - POSSIBLE SCENARIO'S - LONG XRPUSD(UPDATE)Hello traders,
I am extremely bullish at the moment. My previous idea's were followed perfectly, now I have 2 possible scenario's that I see.
The bullish divergence on the RSI give me extra confirmation for a possible next bull run.
Scenario 1: Bullish Pennant, XRPUSD has been making lower highs and higher lows, this indicates a bullish pennant pattern in which XRPUSD will break out to the upside and retest the .67-.70 resistance level. If it breaks this, I expect to hit 1.80-2.00 dollars soon.
Again, bullish divergence on the RSI gives extra confirmation.
Scenario 2: Wyckoff accumulation, this is in my opinion the most likely scenario, I still see a gap that could be closed by retesting the 0.45 support line. After this support level is tested and the market has shaken off panic sellers, I expect a run to 1.80-2.00 dollars soon.
And it will not break 0.45 support line in my opinion.
Fundamental confirmations:
BTC is around it's ATH, back in 2017, the news was hyping the bull run, everyone wanted to buy at the top, that makes it a top, when your average Joe starts buying crypto, you know it's time to sell.
There is no media hype like back in 2017 at the moment, this means that institutions and whales are buying cryptocurrencies, which indicate we have a much higher way to go.
PS:
DO NOT look at the time frames to base your expectations on, I can not predict time frames, I only indicate the patterns en possibilities I see. Most importantly, I do NOT have a glass ball, I could be completely wrong so do your own due diligence before entering a trade and do not trade based on my expectations. I do not trade, I just hold.
GOOD LUCK!
XRP - How to trade extreme volatility😱❌✅✅👌🤠 Further to your comments, messages, questions: I have prepared this video to share some of my knowledge with you; especially the beginners.
In this video you will be shown how/why we have had success with taking PROFITS at the best rate and how we use our SUPPORT / RESISTANCE levels on the charts we share with you here to make the best with our trading.
We can not offer you investment advise but it's absolutely fine for you to hear more about what and how we trade so we have decided to allow you to receive our 'HOW TO TRADE EXTREME VOLATILITY' video with our personal ideas ( TC apply ).
More information here
XRP - Support levels analytics (super zoomed in)Hope it helps and good luck to all.
You all know how difficult trading is, well i will tell you something:
This might as well be the most volatile bitch asset around right now- trade with care, trade ripple with small amounts and buy the dips with no fear because that's the only way to make huge returns
Because if you ARE trading Ripple that's exactly what you have in mind: EXTRA HIGH RISK (and reward)
Everything i post is my personal opinion and i do actually tarde it with my own money but what i say and what you decide to do does not matter because the only one responsible for your account is YOU
I am just trying to help and doing my best to post what i think is good, to get followers likes recognition and clients for my signals/courses etc
Good luck everyone
XRP - All Time Chart (0.77, 0.97 and even 1.5$ are possible!)Our monthly chart allowed us to take profit once at 0.70 and re-open buy positions at 0.50
The all time trend line (o,70-0.77 level) can be broken and the next stop of 0.97 is a possibilty.
Unlike BTCUSD which is flirting with new record high prices, we would be VERY surprised to see Ripple (XRPUSD) reach it's historic high levels of 3+
A 1.5$ high is a possibility we can not cross-out but we believe that the 0.97$ would be a more 'logical' level to chase the price to.
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.6511 (stop at 0.6297)
Posted a bullish Flag formation.
A break of 0.6500 is needed to confirm the outlook.
The primary trend remains bullish.
We look for gains to be extended today.
Short term MACD has turned positive.
Our outlook is bullish.
Trading volume is increasing.
Our profit targets will be 0.7079 and 0.7341
Resistance: 0.6500 / 0.6700 / 0.7000
Support: 0.6200 / 0.5900 / 0.5700
XRP Headed Back to $0.70 Range.Last week I was pretty bullish on XRP when the price was below $0.50 per XRP and currently is hovering above $0.62 per XRP with no signs of exhaustion.
This time we will be looking at 6h chart instead of daily one as it contains more valuable information’s about the future price action.
After the $0.50 psychical resistance and weekly one was broken at this level, the price continued to breakout all the way to $0.78 per XRP where an pivot resistance has been printed and this level currently acts as a strong resistance point. After this pivot was created, the price has surged down with a 35% leg down and found support at 50 EMA located at $0.456 where another pivot point was printed and uptrend was restored.
This pivot point is located in the previous resistance area, which was now retested and confirmed as support area.
Right now the price of XRP is above 20 EMA which is important if the bulls would like to see another strong volume spike to the upside.
MACD is very indecisive as the price is a tight range from $0.60 to $0.63 and a break of either level is expected to bring strong volume and show if the next wave is going to be either buying one or selling one.
RSI is currently below 60, which is not ideal for the bulls, but it’s actively trying to break above this level. Break above 60 will confirm bullish momentum.
Current resistance levels.
$0.63
$0.70
$0.75
$0.80
Checkout my other XRP ideas down below!
XRP Looking good to give us some potential large movesLovely price action in the last few weeks for XRP. The commencement of the 2020 Bull Run is truly underway and I expect to see some very strong moves to the upside for XRP. Previous resistance coming in to play as support at .5650 and I expect to see us crush the upper limits of each level before the end of the year all the way up to circa .8200 - Taking profit all the way as follows:
.68
.75
.82 on 12th December
Each previous level becoming support before moving higher.
Great volume levels and unlike previous 'fake outs' where price was rising on declining volume, this time round we certainly have the volume to support exponential price rises.
XRP Using Fib Channels for Battle Planning.I have come to some realizations that have really helped my charting and its predictive power aside from some of the generic stuff about using higher timeframes and all that.
Triangles form wedges
Wedges form channels
If you can draw a line, try to look for a channel
If you can draw a channel, try and look for a fib channel
Fib levels are places of consolidation or rejection for support or resistance
I haven't tagged every level of the chart, just a few examples of these support and resistances. I have included positive and negative levels for the channel as fib extension and retracement because once you know and accept bow these levels interact you could experiment and see how the negative channel (the red levels) could have been used to predict the grey and blue levels.
The current price action had a quick move to consolidation at the 0.5 level and then a blow off top at the 0.618 level. Price has retraced to the 0.5 level and so we have completed another flag pole consolidation and I find it similar to the plane icon in the lower left of the chart.
BREAKOUT CONFIRMATION
In the chart below of the last upgrend you see price action can move really quicly from one fib level back to another in a retrace and that is what I think is happening right now.
For confirmation we see that the weekly MTF Vstop has been pierced and is in the process of confirmation. Should the blue eye with black pupil show up we will have a confirmed close above previous MTF resistance. The chart clearly shows that I think the green bear market is in the final stages and this will conclude when we go above the previous high by a few Fib channel levels and then retest the fib channel level as shown by the purple phase
This current bear market on xrp has taken about an extra 30 weeks to conclude Which means that it would be a fair assumption that every stage after it would take longer but that is a soft prediction because the amount of quantitative easing the federal banks of the world isn't constant, and crypto adoption is also increasing. There is no telling if these phases will continue at the same or different rates.
After our first flagpole consolidation we should complete the flagpole with a more time intensive consolidation shown in the blue area. From there we proceed to the thrid fib level so we can watch xprusd give up over 90% of its value, again.
I have done similar analysis on both eth and xbt and those will be in the linked comments. I often use the VSTOP and MTF VSTOP to do dynamic auto charting but this time I have just used the MTF VSTOP in the chart to keep things cleaner. I am not going to show it here, but analysis on xrpeth and xrpbtc shows that xrp is the choice for now. For the long term investor going down to a lower time frame and using the VSTOP once we get above $65 and trying to take profit somewhere over $300 seems ludacris, unless you have seem this TA.