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Xrpthestandard

XRPUSD - still short biased. Heading to $0.48 ?XRPUSD 4H I assume the current corrective structure (-4° channel) to be the second wave of wave c of a larger degree - which might either play out in a three wave abc structure or an abcde five-wave structure, followed by an impulsive break to the downside. The levels I am keeping an eye on are $0.65 (key support) and $0.45. $0.45 acts as a heavy confluence area, as it is not only the absolute trough of former wave 2, but also a daily demand zone and the -27.2% fib target of (a)(b). For now, I'm absolutely not interested in opening longs, but in case price proves me wrong, I'll be waiting for an impulsive upside move on the 1H - favourably with a break & close above $1.72 - and would look for a buy opportunity after a pullback. Unless we'll see a huge spike to the downside, price must hit $0.45 no later than the end of the 1st week of February and $0.65 no later than the 2nd week of February - assuming price proves me right. However that's all quite speculative. As said in my previous analysis, I'm simultaneously monitoring BTCUSD -5.93% , as the correlation is still quite strong. 8.2k-7.8k is the potential buy zone, I've marked on the chart. The link to the BTC -5.93% idea is attached below. Safe trades!
BITFINEX:XRPUSDShort
by BudBronson
11
Bears Are DoneAre we entering into another parabolic bullish phase? Will we see $10 by the end of February? Maybe- maybe not. However- I will state that the bearish move concluding the amazing growth we saw in December & January has come to an end. The trends of red bearish sentiment on my chart have all been broken, and we are moving sideways for the foreseeable future, with indications that there will be a slightly bullish reponse. The smaller light blue trend of bullish activity is encouraging, particularly considering the SlowK is oversold and bouncing off the 50ma on this 2hr chart. If we were to fail the light blue support due to lack of volume (conceivable, as on Bitstamp the major buy volume starts at 1.20), the next line of support can be found with the dark blue support created near the beginning of the bullish move in December, and has been very reliable. I don't see us dipping below this in the near future, if ever again. These blue supports should at least provide some level of confidence, and buoy us until there are consistent days in the green to kickstart the next bullish trend.
BITFINEX:XRPUSDLong
by tradeformula
3
Sizable XRP/USD breakout opportunityBears have had their fun. We're coming up against a strong line of support, and we're hugging the line. The market can't wait to have the green light to move upwards. I'm hesitant to include a target because I think it could be a long sustained bull market. The hourly stoch is currently overbought, so I do see us dipping a little bit before the real breakout occurs. When we dip into the green zone OR when stoch is oversold, I would look for a short term MA cross upwards and buy then. I really don't see us going south of the black line of support, so I would endorse a BUY if/when we hit it. Bear market is nearly over. Load up when it dips, and hold on friends.
BITSTAMP:XRPUSDLong
by tradeformula
2
XRP tested support deep at 0.84 now back at 61.8 supportXRP tested support deep at 0.84 now back at 61.8 support looking for higher targets. XRP most likely needs news to boost higher. But technically in the long term this is still trending up higher. On short term it is still in retracement / pullback mode, waiting for the next push higher. Buyers have already stepped in at 0.84 making this a solid support level. It can go up from here. But if XRP dares to dip lower again, I expect it to be bought up really hard.
by TradeReact
XRP false break & heading to $0.48 ?XRP/USD 4H After price has recovered from the bloodbath in the recent weeks/days, xrpusd has clearly gained strength again and broke the counter-trendline as shown above. However, calling this the end of the overall corrective structure, might be a bit too early in my opinion as the corrective structure looks to me very much like a zig zag, which would find its minimum target at around $0.48 before rocketing again towards 4.00-4.15ish levels for the completion of wave 5. I would like to see at least a retest of the recent low at $0.85 before being more comfortable considering a long position. We also have a very strong correlation to BTCUSD - which is another factor why I avoid taking a long now and are rather short-biased. As you might have seen on my previous analysis, a drop to 8k on BTCUSD seems very possible. If this should happen, I do not see a high probability on xrpusd continuing rising. The other option would be that price breaks through the current range box marked above and heads to $2.25 before falling again, to - same as in the first scenario either $0.85 or $0.50-0.40 levels. Both scenarios would be invalidated if we get to see a strong close above $2.25. In the case of being wrong and seeing price violating the point of validation, I'll wait for a pullback before buying again.
BITFINEX:XRPUSDShort
by BudBronson
2
A Coinbase add and the case for $10 XRP (Log Scale)So im starting to hear a lot of bold price predictions for xrp in the wake of everyone anticipating a coinbase add. Adding the largest US-based exchange with an XRP/USD pair would be huge for this coin; there are few reliable ways to convert USD directly to XRP and should coinbase provide this, it could be huge for XRP. Additionally, XRP has several hopeful other things going for it right now: potential bank integration and global adoption. They do have a 100B coin supply, but about 60% of the supply is "locked up" at the moment. I am NOT posting this chart because I think XRP is a buy right now, I am posting because if you're still holding from way down low (from >$0.50) it is probably worth continuing to hold a little to see what happens by the end of March. Truth be told, I doubt my hands are strong enough to hold through $5, but maybe yours are. Either way, this will be a fun chart to track. Good luck trading and as always, this is not investment advice.
BITSTAMP:XRPUSD
by Brodie_MT
19
XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 EuroXRP has been retracing a bit after a nice bullish run. For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies. Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP. We can see a clear retest of 1.60 from where new buying can come in. Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate. This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move. Like this you will see XRP keep on going making new highs.
Long
by TradeReact
XRP/USD - Beware of bear trap! Bullish structure intactAfter a heavy bull run, we saw a deeper correction on XRPUSD the past days. Looking at the bigger picture the whole upmove in total appears to me as the first impulsive wave, which has been followed by a deeper ABC correction to the trough of wave 4 (visible in the 2H and 4H TF). Another supportive factor is that the trough of wave 4, which is also a demand zone on the daily TF has proven to be a solid support - price has been rejected aggressively at this area ($1.95-$1.90 level). So having said this, I would be indeed VERY surprised to see price breaking structure and forming a lower low. I am expecting to see price continuing ranging a bit, which should leave us then with our first higher low. followed by the bigger third impulsive wave. I am a longterm holder on XRP but have marked the projected targets for the next impulse. Chances are high that XRP will break the magical $10 before the end of Q1 2018. Feedback and constructive criticism is appreciated! Best Bud
BITFINEX:XRPUSDLong
by BudBronson
8