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Xrpshort

Will history keep repeating itself or could be break up?Simple pattern repetition here, but as you can see, after each major move to the upside there is a prolonged period of downside. I can't ignore it and feel in the current climate (COVID) 'fundamentally' there is little to send us higher - maybe FOMO will kick in, but i fail to believe retail investors will risk precious cash and throw it in to XRP. Banks aren't investing, hedge funds.....nah.....so where does the capital come from to take XRP back to 17' levels? Regulation is still what seems a million miles away, utility is dragging it's heels, i can't find any good reason to go long at this point. Opened Sell .3160 Target .2650 See where we go from there.
COINBASE:XRPUSDShort
by AZEB1A
2
Ripple Price Forecast: XRP/USD Rejected At $0.25 Again Is $0.23 Ripple attacked $0.25 resistance for the second time this week but tanked again. XRP/USD continues to deal with increased seller dominance as highlighted by the down-trending RSI and MACD. Ripple has been performing incredibly well this week. For the first time since February, the digital asset traded at $0.25. This was a significant improvement owing to the fact that XRP plummeted to $0.11 in March amid a global market crash. The resistance zone at $0.25 has been tested twice without success. XRP/USD is holding the ground at $0.2439 after hitting the barrier at $0.25. Its immediate downside is supported by the 50 Simple Moving Average (SMA) in the 1-hour range. The selling activities are increasing momentum and likely to retest the support recently established at $0.24. The technical picture is mainly bearish as highlighted by both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). As for the latter, a bearish divergence shows that the path of least resistance is downwards. The RSI is also unrelenting in the downtrend with losses likely to hit levels under the midline (50) in the near term. As it draws nearer to the overbought region, so will the seller grip tighten. For now, the 50 SMA is in the position to keep the selling pressure in check. However, this does not mean that XRP is out of danger. If anything, it is hanging at the edge of a cliff and any sort of wriggling could send it spiraling the next support target at $0.24. Ripple Intraday Levels Spot rate: $0.2434 Relative change: -0.0011 Percentage change: -0.45% Trend: Strongly bearish Volatility: High
COINBASE:XRPUSDShort
by CoinGape
3
XRP monthly bottom might be in/but beware countertrading whales!charts.cointrader.pro As you can see in the monthly Chart of XRPUSD, there are strong arguments to be made we bottomed longterm. Monthly double bottom @ $0.1740 and $0.1750. When we draw a parallel channel on the log chart since 2013, we see that we always rejected or bounced from the borders. Smart mathematicians will say: "You can't draw such a channel on a log chart, it has to be a flattening curve!". Alright, but thus far, this channel works and I also don't think its probable that we will touch the top of this channel, but rather top out @ 0.236 of this fibonacci channel. So basically, while price action on daily and weekly suggest further downside for XRP, traders forget to look at all the chart data you can find of an asset. For example: don't simply chart NEO on any exchange chart but look for the whole data including Antshares times, which you can find on charts.cointrader.pro @ the NEOUSD ticker. While those log channels worked pretty well in 2017, the crypto market changed overall and it might be we can't use those channels anymore. An Argument that those channels don't work: charts.cointrader.pro Argument that those channels might still work: charts.cointrader.pro While the probability for a monthly bottom on XRP seems quite high with the provided charts, beware of countertrading whales due to maybe me posting this charts right now. Be careful trading this and don't take to much leverage or none. The overall crypto market is on a brink of a big move due to low volatility in past 2 months. My best guess based on anything I know is, that BTC first quickly pumps to arround $9.700(stop hunting leverage shorts), in the next moment it dumps to $8.400(stop hunting leverage longs) and then we take off to the next parabolic phase for the whole crypto market. In this scenario XRP could breakdown from the channel for a short period of time, just to enter it again and take off as planned without the overleveraged moonboys! Please comment down below what you think of this analysis. Thx! I'm not a financial advisor, this is for entertainment purposes only :)
POLONIEX:XRPUSDLong
by Coin96
6
XRPUSD going back to the MANIPULATION WICK!XRPUSD Don’t really like picking tops but this looks text book. It’s already taken a few stabs at the current supply block and rejected off. I’m hoping for one more attempt before a big sell off simply because we have moved up over 75% since the last low. We are also overbought on the RSI so everything is looking primed for a short soon. If we reject off the supply block, it’s worth a small scalp to the 200EMA and resistance area for an 8.4% profit. At this area I will then be looking for a cross below the 200EMA as well as break in trend line to stay in my short with multiple take profit areas along the way. It is unlikely I will take a long if we break above the supply zone simply due to the fact we’ve had a 75% run up.
BITMEX:XRPUSD.PShort
by TradeTravelChill
7
RippleStock Symbol: XRPBTC As much as I dislike this coin, a big opportunity for it might be coming around the corner. Tight price compression and and a lot of doji prints from my tools. We are funneling into a wedge pattern. But remember, patterns don't always represent bullish or bearish momentum. Money inflow and outflow is what your going to want to see when it compresses at the end of a wedge. Once I see confirmation on my candle crossover I'd look for entry. Adding some to a position here and slowly accumulating is not a bad idea at this price range. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
by UnknownUnicorn2319099
1