Xrpsignals
XRP Short Term Moving Averages Suggest 'Don't Blink'MACD is pushing up but the real story here is the yellow short-term moving average line that has been above the slightly slower (orange) MA for the past few months despite no real price movement. This suggests XRP is like a tightly coiled spring. Don't blink or you might miss explosive price action coming to this market soon. It will only need 1 or 2 positive months for XRP to finally break through the long-term downtrend, and the increasing trading volume could then turn into a steep and 'spontaneous' blast off.
XRPUSD Two good case scenarios: $0.24 and $0.30.Going way back in mid 2018 the pattern is a Channel Down. For most of the pattern's lifetime the price has been trading above the median with a level just below (blue line) working as the Support. That is except for two occasions where a Lower Low was made: August 2018 and recently March 2020.
There are two scenarios for XRPUSD right now: Either (A) a +220% Lower High rise as in 2018 to $0.30 or (B) a slower rise to a Lower High at $0.24 assuming the March heavy sell-off was an anomaly caused by the coronavirus panic.
Notice also how the last two Lower Highs were rejected exactly on the 1D MA600. This means that we need a sustainable break above this trend line to start considering a Bull Market on Ripple.
XRP/USD LONG FOR BULL RUNXrp price is sitting in a comfortable support point that is known to pivot in upward direction, also this is the price zone for institutional order flow is located.
where the whales are buying up the supply
Entry 1 .22000
Entry 2 .20000
Entry 3 .18000 sniper entry
if it retraces to .50 and blows through resistance XRP is know to moon to .68 then .76 then .86 levels and from there nothing will stop it from making a bigger move then the last run
XRPBTC Bullish divergence. Time to recover the lost ground.Very simple bullish sequence indicating that XRPBTC is close to aggressively rise again. Besides the bullish divergence on the RSI, the price has completed almost 20 days above the 1D MA50, the first time it has done so since December 2018. All past such occurrences resulted into a strong bullish move. My idea as a medium term trade is to take the profit once the 1D RSI hits 87.00 or 94.00 (for the riskier ones)
$XRPUSD sees dbl bottom and parabolic upswing$XRPUSD is long overdue for a correction and we are seeing bullish divergence making an entry for a quick short position looking better with volume confirmation to follow. Trade set at neutral as it is too soon to tell for a long position could unfold. Time will tell.
Stop loss is present. Trade carefully. Will update with more info later.
Disclaimer
This is not financial advise nor should be regarded as such. Always invest carefully and make your own decisions with your own money. Have a great weekend.
XRPUSD Golden Cross on 1D. How did this trade in the past?XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th:
So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming uptrend.
In the past however this has worked only once for Ripple and that was in March 2017 with a parabolic rise that signaled the start of the new bull market. In the other two occurances, the Golden cross failed to initiate a new bull run as the 1D MA50 was broken and infact a Death Cross took place later on.
So it becomes obvious that the current Golden Cross is a buy signal unless the 1D MA50 is crossed . If successful it can potentially aim at $3.50 before the next consolidation.