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XRP: Consolidation Phase Might Be an Opportunity to Long!XRP is currently painting either a bull flag, or maybe in another consolidation phase for the upcoming months. Depending on Bitcoin's situation, we can expect a ranged price action within the wedge we have drawn above. Trade Safe. X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
BITFINEX:XRPUSDLong
by XForceGlobal
Buy the XRP Breakout!Hey, I am back with another Crypto idea, this time looking at XRP/USD. So XRP has been "idle" for some time again, I expected the price to breakout sooner as it was in a big bull flag which is currently the price breaking out of right now. But! Now in the past 7 hours, there was a 7% spike which is a good indication of possible breakout. Technical site of 4H Chart. 1. Downtrend line are not active, respectively is broken. 2. Uptrend line is active. 3. Last high of full candle close $0.32460, was not yet broken by a full candle. 4.The RSI has printed an inverted head and shoulders pattern which is a strong bullish formation. 5.The MACD has made two retests of buy signal and now is showing a strong buy. 6. EMA's are giving buy signal. 7. The price is making a higher lows and higher lows. Tehnical site of Daily chart. Explained on the chart below. Still the most important is the close above $0.31. Trading strategy I am already in since $0.31, when the momentum has arrived, but I reccomend to buy the breakout above $0.32 or at the uptrend line at around $0.3075. Take profit levels % Calculated from 0.31$ $0.34 (10%) $0.37 (19.5%) $0.40 (29%) And that's it from this analysis, I hope you liked my Explanation of the XRP Chart, if yes, please don't forget to hit that like button and if you want to see more similar analysis follow me to stay updated :) Cheers, Tibor
Long
by TiborVrbovsky
4
Ripple / Dollar may rise 95 - 131 pipsOur pivot point stands at 0.2914. Our preference As long as 0.2914 is support look for 0.3096. Alternative scenario Below 0.2914, expect 0.2854 and 0.2818. Comment The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.2958 and 0.2917). Supports and resistances 0.3168 ** 0.3132 * 0.3096 ** 0.3060 0.2965 last 0.2938 0.2914 ** 0.2854 * 0.2818 **
BITFINEX:XRPUSDLong
by Saeed966
XRP USD - LONG POSITIONXRP/USD PRICE - EDGED HIGHER On Friday, Ripple hit an over five-month high of $0.2570. Ultimately, the price closed a weekly candlestick in the green with a 23.7% gain. Alongside this, the Relative Strength Index (RSI) remained in overbought territory emphasizing the strength of bullish momentum. At the start of August, Ripple opened with an upward gap and climbed to the current $0.280-$0.312 trading zone. However, the price failed twice to move to the higher trading zone highlighting hesitant bulls. Although over the weekend price has consolidated and maintained its level above $0.280. We expect long term resistance zones of $0.50 and $0.70 to be hit in the short to mid-term possibly even before the beginning of 2021.
BITSTAMP:XRPUSDLong
by WealthXNetwork
XRP/USDT: Hidden Bullish Divergence Analysis 4H (Aug. 08)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this post, we analyze XRP's hourly chart, assessing its probable bullish and bearish scenarios for the short term. Analysis - To begin with, XRP has been consolidating within a bullish pennant pattern - Prices have been creating lower highs and higher lows - While bears have attempted to break the structure, bulls have managed to secure significant trend line support - There is a hidden bullish divergence in play, with higher lows on the price, and lower lows on the indicator - The Relative Strength Index (RSI) is at neutral zones, showing potentiality for a breakout - The Moving Average Convergence Divergence (MACD) has shown increasing bearish histograms, but seems to lack momentum for a golden cross formation - The Stochastic Oscillator has recently formed a golden cross at neutral levels as well, but is looking to get negated as there is a lack of momentum in the trend. - The Simple Moving Averages (SMAs) are all aligned in the order of: 20, 50, and 100 SMA - Prices have tested the lower bollinger band support - Prices have managed to bounce on the Ichimoku cloud support - For XRP to retest its new lower high, it must first break and close above the 0.618 Fibonacci resistance, providing confirmation What We Believe We believe that XRP's short term technicals demonstrate potentiality for a small breakout, possibly leading to a formation of a new lower high. However, for for further continuation, XRP would have to break and close above the bullish pennant structure. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
13