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XRP in Ascending Triangle.Hey! I am back with another Crypto idea this time looking at XRP. The price of XRP is currently in ascending triangle which is a bullish pattern. Price needs to break $0.2460, which is our current resistance, by a full 4H in order to break to $0.2520 - $0.2550 Area. Ideal buy is on the 4H 50EMA, that is acting as a support line. I am buying in the resistance area we are in, $0.2432 - $0.2460. My stop loss will be hit, when the uptrend line of this ascending triangle gets broken. Take profit area is $0.252 - $0.255 (Around 5%) Let me know what you think about XRP! Tibor
BITFINEX:XRPUSDLong
by TiborVrbovsky
1
XRP/BTC: Bullish Breakout Technical AnalysisIf you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. In this post, we'll be taking a technical approach in analyzing the notorious cryptocurrency: XRP Analysis - XRP has been consolidating within a bullish descending wedge on the daily chart - It broke out of the wedge formation, and is undergoing a phase of pullback - Prices are currently trading below the 20 Simple Moving Average (SMA) - We are also seeing resistance near the 0.236 Fibonacci retracement resistance, where it converges with the trend line resistance - However, the Relative Strength Index (RSI) shows signs of bullishness, as it has broken out of the long term descending trend line resistance - What's worth noting for XRP's daily chart is the Moving Average Convergence Divergence (MACD) - The price history demonstrates that there has been big breakouts after the formation of a golden cross of the MACD - As such, we could anticipate a bullish breakout to take place once again - On the shorter time frame, the 4 hour chart demonstrates a bull flag pattern, with prices looking to break out imminently Don't predict the market. The future is all about preparation, not prediction. Take it by levels, and play by probabilities. -Michael Wang-
Long
by Michael_Wang_Official
2
XRP has potential to see a 30% move up! XRP has been idle in the range from $0.23 to $0.25 for a while, what we need ideally is to break $0.25 level with a full daily candle. The reason I like to analyse XRP is because, when it goes up after sideways "action" it rises pretty steeply! Currently the XRP chart looks good to publish as today may be the first day of MACD daily buying wave (still not closed) and the price has peeked almost to $0.26! How to trade this? You can either buy XRP, sit on it and Sell it below $0.32 or make an alert on the chart and buy the breakout ! If the uptrend line breaks, that would also mean 200MA breaks would make this setup invalid , otherwise feel free to get into XRP! Each like and follow is very much aprreciated. Good luck Tibor
Long
by TiborVrbovsky
3
XRPUSD Ripple | SWING - 3. Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may rise to the upside if the channel support is not broken, A slight rebound may occur that will rise from the support area to the aforementioned resistance. BTCUSD GBPUSD EURUSD XAUUSD *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
BITFINEX:XRPUSDLong
by Saeed966
3
XRPUSD Ripple | SWING - 2. Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** Ripple breaks the ascending channel with great force, so it may change the direction from bullish to bearish. It needs now to test the breakout area and it may head towards the downside again. BTCUSD GBPUSD EURUSD XAUUSD *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
BITFINEX:XRPUSDLong
by Saeed966
11
Wave 4 forming on Weekly XRPOn the weekly time we could see a 5 wave structure (Elliot wave) with Wave 4 forming up. This Wave is typically a consolidation and if it keeps this rate the price could catch up with the Weekly 50EMA and form a support. Other scenarios are that the price can move lower in the red zone that acts as overall support and could then retrace around the 0.24 price zone: around 20% correction. This in itself could shake out some buyers but would provide an excellent opportunity to accumulate more. None of these scenarios nor TA structures are time bound - it's a wait and see game. Overall view is a long term hold. Thank you!
BITFINEX:XRPUSDLong
by CryptoHedging
7
XRPUSD | SWING - 31. AUGU. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The ripple may fall to the breaking point of the downtrend and then rise to the specified resistance. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
BITFINEX:XRPUSDLong
by Saeed966
2