XRP. I do not believe in the global long!Now in the market there is a rollback after a long-running down trend. But are there any facts that can show us that further will be a strong upward movement? Especially, Ripple is relatively weak with respect to other coins.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for investors XRP part 2" has not worked out yet. But my targets have not changed and there is a big chance to see them.
Xrpshort
Short XRP 8x Leverage between 8040-8020This call was given to our premium members on Thursday June 21
Risk: Medium
Pair: Ripple-XRP
www.bitmex.com
OPEN Position 8x
SHORT 8040-8020
Target 1: 7970
Target 2: 7900
Target 3: 7822
Target 4: 7750
Target 5: 7670
Stop-Loss: 8200
Buy-in Zone Reached
All Targets Met within 72 hours!
35.2% profit potential for 8020 entry!
push to level 0.475After trying to bring the XRP back to life - they met with the sellers. I am waiting for the breakdown of the triangle down and working out the tired on big timeframes. However, when breaking the triangle up - buyers are waiting for problems at 0.49-0.495 and at the price level of 0.51.
Juicy shortOn the background of a BTC in the side, there is a high probability that the XRP will not hold the level of 0.47-049, which, apparently, has gathered many stops of buyers. On horizontal volumes it is clear that there are no special liquid zones along the way to 0.24-0.25, but two trend lines are crossed at a price of 0.32-0.34. It's a good trade if you close it with a stock even at such prices.
However, now the entry level is dangerous. Or wait for a rollback of 0.51, which may not be, or wait for a breakdown of 0.47-0.49 and with a short stop to enter the market
XRP/USD- Accumulation or Crashing Pattern?Hi Guys,
Thank you for tuning into my analysis.
BITFINEX:XRPUSD
As you can see on the larger time frame, BITFINEX:XRPUSD is mimicking the trend of BTC/USD. However, a more significant lower high and lower low can be spotted in BITFINEX:XRPUSD then in BTC.
The green box could signify an accumulation zone provided that BITFINEX:XRPUSD doesn't break down the $0.55 region. Notice that the $0.55 also constitute my 88% fib level. This shows that the $0.55 level is a significant strong support.
A false break down of the $0.55 could eventually occur but the bulls must manage to bring the price back to $0.55. Otherwise, $0.33 will be met.
I suggest downward cost averaging would be the best idea for this coin. Expect to hold until end of 2018.
Thanks.
CK
XRP, double top? Read to all!Often I notice that altkoins work more technically and ahead of schedule. XRP showed signals for a breakdown of resistance and entry into the zone of imbalance above 0.70, but the market leader began to move down.
XRP draws a classic figure: a double top, but it is not yet formed, we are in the decision zone and everything depends on the BTC. But I completely closed my position and look forward to a new opportunity to enter the market.
We see a bearish divergence of OPEN INTEREST
RSI showed a divergence to a short position and a divergence on a larger timeframe for the purchase, but more I trust the OPEN INTEREST, the better the support of the RSI became resistance
Volumes are falling
We are in the decision-making zone for BTC and XRP, and throughout the market as a whole, but it's worth noting that altcoins are moving the market more technically, due to smaller volumes
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XRPUSD (Ripple) 4hr tf analysisPrice swing from ~$1.08 (March 5,2018) to ~$0.55 on March 18, 2018 has been identified in this analysis as a minor wave 3. Minute wave ((y)) is currently on and its termination marks the end of minor wave 4.
Minor wave 4 is shaping up so far as a zigzag (5-3-5) Elliott wave structure.A 38.2% retracement to 50% retracement
(i.e. ~$0.75 and ~$0.82 respectively) of minor wave 3 is expected to offer resistance and terminate minor wave 4. Projections for minute wave ((y)) include 100% wave ((w)), and 161.8% wave ((w)). These termination points are $0.73 and $0.83 respectively, and therefore increase the chances of XRPUSD terminating between 38.2% retracement to 50% retracement.
P.S. The use of "price swing" is used to indicate the direction of the trend (i.e. bearish in this case). Price swing is not imply an actionary or reactionary wave.
Ripple ,the new king is back XRR/BTC (just kidding)Ripple is showing simmilair fractal pattern as it did 8 months ago. People are buying the hype because they think it has potential to grow more than 10-20x eventhough that would put it way above Bitcoin total market capitalization.
I used to be the same and I used to have huge position in XRP hoping it will jump very hard eventhough it was just as unrealistic then as it is now. Back then I didn't understand bull / bear cycles and it was hard for me to say that the coin is showing bearish signs.
Right now, we can see that XRP honored the golden 61.8% retracement and bounced back from it, eventhough each of its bounce back made lower high. We can see that the volume is decreasing as the buyers are slowly fading away and letting this coin retrace to sub 5k satoshi area into our buying zone.
Both EMA's and Ichimoku Clouds are also showing bearish signals so I think Ripple is going to have a very long and slow fall.
Enjoy your day,
bizi
Ripple (XRP) Showing bearish signals on the 30 minute chartHistogram showing bearish signals together with the macd crossing the signal line. RSI tried to break to the upper side but bounced off the 50 multiple times showing not enough strength. Short term the 8, 13, 21 are all below the ma 55 showing a downtrend at the moment. This makes me conclude that XRP is currently bearish.
Ripple awaiting judgment. XRP/BTCRipple has created bearish channel,. Overlaid Daily support and resistance levels+ Fibonacci+Gann Fan, drawing future projections on price-points, where have to play attention.
Now price staing at 38% Fibo+Daily Pivot (was tested, and refused). Next 2 Support is surrounded 50% Fibo, and 50% level its serious area for break or reflect and back to Bullish trend.
* 3/1 Gann line+38%Fibo+Daily Pivot- 3/1 become resistance.
* 2/1 is next weak support line. if 50% will be breaked, 2/1 is next destinations,.
*Pink middle channel line, now its support, and will be tested ASAP.
After December rally of XRP, very hard to find good Bull trend line from pass. So all what can do its rely on Fibo+Gann+Daily Supp and Resist.
XRP bull run overXRP finally looks like it has no more fuel for a bull run and a major correction is inbound. Volume is decreasing and it couldt move past sma 21 just like at previous correction.
The downtrend could continue for the next couple of months and a great buy in would be around 1000 sat or lower, than another bull run is bound to happen.
"It's not personal. It's strictly business."
Ripple bounced perfectly as forecasted, prepare for bounce againRipple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur.
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