Xrplong
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.
Bullish only iff....XRP shows some hope For me to become bullish again we have to break through both red lines until then it is a nail biter for me.
What makes me 25% excited is that we broke out of a falling wedge on a 2 hr chart so I am still holding my position and watching resistance lines very closely. The minute I start feeling weakness - I am out. I don't believe in this and do think XRP has absolutely no future other than speculation. If PayPal comes out with some sort of PayPal coins - XRP can go back to digging trenches. Same stories that were circulating in 2017 are circulating in 2020. Its the future, its blockchain, adoption is coming, etc blah blah blah.
Good luck out there and Happy Thanksgiving Weekend!
XRP/USD LONG $.70 min.XRP appears to be in a bullish descending wedge structure after the last drop. If this holds true, I’d expect another run at the local top. This is all depending on what BTC does of course. Have a plan, but overall I like the way XRP is looking on both USD & BTC pairs.
GOOD LUCK Y’ALL!
Use THESE Horizontal Zones to Trade XRP Right NowSince the price of XRP went up so drastically, it's trading in areas where we haven't seen much price action recently. A common trick you can apply in those situations is to go back further in time and find horizontal zones from when the price did trade at that level.
I did the same and found strong levels on the daily from September, and April 2018. I charted them here to give more understanding about what might happen to the price.
I expect the price to consolidate a bit between the two horizontal levels it's at now first. And then when the bulls finally take over, I suggest a first long trade to the previous high of 0.80000. I suggest to take profit at a level slightly lower than 0.80000, to maximize the chances on a fill. Place the stop loss directly below the support zone from June '19 at around the 0.45 level.
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XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.7517 (stop at 0.7148)
Daily signals are bullish.
A break of yesterdays high would confirm bullish momentum.
Trading volume is increasing.
A break of 0.7500 is needed to confirm follow through bullish momentum.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 0.8480 and 0.9180
Resistance: 0.7200 / 0.8000 / 0.8500
Support: 0.6700 / 0.6500 / 0.6200
XRP 9/17/2018-9/21/2018 vs 11/19/2020-11/23/2020 Pump and Dump Not going to poop on anyone's parade but last time on 9/17/2018 XRP ran up from ~.26 to .78 in 4 days or whatever and everyone almost pooped their pants that bull market is back....well looks like same shit now different year. 11/19/2020 from about .26 to .78 in 4 days again. Same shit different timeframe but everyone including me with your grandma on my lap is looking for the moon. All you mooners hoping for $1.00 - dump this shit coin now. Or hold. My ANALitical skills telling me we have a 50% chance of going up or 50% of going down.
on the other hand, we can all kneel down and pray for the return of 2017 like bull run. If it happens - great. But better be greedy and take your profits vs sit HODL like a chicken on an egg. Eventually you will either grow a hernia on your ass or it will moon. Even the so called "legendary" Peter Brandt said XRP is done at .16 when this bitch ran up to .78 against his ANALisys. So STOP reading these nonsense posts and voodoo charts. No one knows shit.
Can XRP move even higher?Simple answer, Yes!
Complicated answer, it depends.
XRP is showing very strong bullish signs on weekly time frame.
- RSI broke new high after more than 2 years
- 20 and 50 EMA gave buy signal after 2 years
Two very strong bullish signals.
2H time frame
-Price is in, sorry, it's breaking from Ascending triangle bullish continuation pattern.
- MACD is about to see another buying wave
- RSI is still showing much potential to seek higher levels
The bullish momentum will be confirmed by a break of $0.50 mark.
For the next resistance levels, please drag the chart higher to see them.
Good luck!
Breakout from longterm resistance, XRP to $3.71? Double bottom using renko chart a few days ago. Longterm target to create all-time high using renko chart at 3.71.
Very attractive risk reward ratio of 5.71. With a possible gain of 436% if reach the 3.31 TP area. Support at previous bottom of around 0.14.
Trade Cautiously.