$XRP, Sleeping Giant
Weekly "Trend": $XRP currently in a bear trend, however, some signs of support found on the weekly. 1st sign of support is the Fibonacci retracement @ the 87% level from our swing low @ 38 satoshis to our swing high @ 22,963 satoshis. 2nd sign of support is the 2nd bounce off a possible uptrend line, meeting our subjective support drawn @ 2,700 satoshis. Bearish momentum at a momentary pause, looking for a correction. Last time we were in a descending pattern we saw a break from 4,500 satoshis as high as 11,600, this move happen in a week.
Daily "Pattern": Shifting over to our pattern timeframe we see $XRP attempting to break our resistance @ 2,700, a daily close above this level and expect a nice drive towards the upside. Stochastic RSI showing momentum in favor of bulls with no signs of slowing down. Daily resistance @ 3,300 & 4,000 satoshis
Xrpthestandard
XRP bottomI have highlighted price area where I see possible bounce zone for XRP before bull run.
The question is , will that be the bottom before major rise ?
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About XRP 100$+
People are giving too much power to market cap. It's just statistical comparison in crypto area ( Useful as comparing coins with how much followers they got on twitter) .It’s not roof.
There is a reason why 100 billion where made.
With 0.30$ xrp wouldn't be enough for even handful of top world banks.
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XRP Updated long term chart - PREPARE YOURSELVES!!!Updated my long term chart, the macro wave 2 could be positioned at either basically current price point or where it is shown in the chart above, either way, wave 3 is upon us.
brace yourselves, the phoenix is set to rise from the ashes! ;)
the transparent price projection candles are only a general indication of the future price action trend and not indicative of it showing this is exactly what will happen; its merely to be interpreted as a general trend direction.
good luck! :)
XRP - Leading the way ?Hello traders,
Even though we did not really have much movements on the market this week, XRP is looking more bullish than any other alts.
On the weekly time-frame, after a huge upside push to .50 cents, the price reversed all the way down to the baseline of .29-.30 cents.
As covered on prior analysis, this level is so crucial for XRP as it correlates with the ascending trend line on the weekly which appears to be a strong supportive trend-line from the historical point of view, as it has been tested so many times but never really been broken and we also anticipated huge upside pushes upon testing this trend-line.
Should this momentum hold, we could spike towards .37 resistance that I highlighted with yellow, a break above this level and we should be seeing 42 cents.
On the daily time frame, upon retesting the baseline of 29 cents, we have formed a perfect Fibonacci formation that is currently unfolding.
We rejected the 78.6% region perfectly currently sitting just above the 61.8%, these two levels are known as a turning points on the market. Should this pattern unfold, also taking into the consideration the weekly factors that I mentioned above and the BTC dominance ( check the BTC analysis if you haven't already ) , we should bee seeing an upside push soon.
XRP/BTC to ZeroNot advice for your financials, only for entertainment, my opinion.
A few months ago I made an XRPBTC Chart that had a little bit of potential and optimism, but even to my surprise it sunk below 3850 sats significantly into the mid 2000s. Even with Ripple announcing slower dumps on the market, I think it's too little too late and enough people have realized it for the scam that it is. XRP ultimately will not be useful or necessary for international banking or anything else other than pumping Ripples pockets until someone can prove it was illegal. Even then the fine will be nothing compared to what they've stolen from you.
If your coin isn't decentralized, it's poopoo.
This chart is a bit of a meme, but maybe this is the curve that no one else is looking at. A curve perpetually averaging out to zero, which is what XRP is intrinsically worth.
Thanks for coming to my TEDx Talk.
Buy bitcoin you fools.
xrp game planlooking at the day chart we have momentum today but only bullish if we break above the descending channel imho since its nearly a month long of declining lasting 25 days now as of writing. .. its the safest trade also from a traders perspective. xrp to me will have to close above .37 cents which would also close above the 50 & 200 MAs before i make a big trade.
XRPUSD - Trend line bounce to remain bullish? Overall , I would hope the long term trend line is respected, keeping that overall long term bullish consensus. If broken and price closes below we could be looking at lower levels around 0.27 to 0.28, however, the fact it has bounced gives us a long positive consensus and a good reason to buy the lower prices.
Don't target 'goal' or 'ideal' prices as this gives the community false hope, instead, chart what I think could happen in the short term for potential buying up on price dips. This is because from my understanding the XRPL is adding value over time and being a deflationary asset is inevitably on course.
Fundamentally , the ecosystem of the XRPL is growing, nodes/validators are popping up all over and Ripple's encouragement to use XRP in their latest 4.0 xCurrent update sees more value being added daily. Coil, Xpring and all others are providing a wealth of new developments into the ecosystem. Extremely positive.
Day traders become frustrated with XRP as a lot of the community base their views on a long term basis, if a trader takes this consensus into a daily trading routine they're going to be burnt unless of course that we're on an up day. Instead, my strategy is to be prepared to add capital into my trade account to cover margins and buy up those dips. Using a broker allows me to add leveraged positions and enter negative equity situations as long as the position is managed. I try my best to maintain a 200%+ margin safety net and check balances through the day.
The long term effect with a long consensus eventually puts me into positive equity as the low price buys keep increasing my profitability potential for later gains and partial profit taking. For example, a 10% increase would put me in a significantly better position with the new low price buys as opposed to not having them there at all.
*THIS IS NOT FINANCIAL/TRADING ADVICE OR A RECOMMENDATION AS I AM NOT A FINANCIAL ADVISER! - NONE OF THE ABOVE GUARANTEES A RETURN ON YOUR INVESTMENT!*
If you would like help or general support with your day to day trading visit my associate's web site www.hillsey.london
BITFINEX:XRPUSD
Xrp usd Long position opened
Reasons:
Hard dip
Expecting a pull back to the nearest moving average
Short term trade with 1st target 0,34 and 2nd target 0,36
0,36 is a very sensitive area now that we can pass or not, depending on the volume of the pullback.
Please leave your comments, what scenario are you expecting to happen?
I am expecting the scenario 2 to happen starting from next week.
Good luck everyone.
xrpusd longLong position opened.
Reasons:
*Our last resistances described in the chart with the red lines 1,2 are our new support n3.
*Correction from 0,51 is made with a flat triangle
*Target around 0,5
Worst scenario would be to break the support to 0,36, I honestly don't see any buy zone around 0,34 but directly around 0,3 as the volume is here.
If the support is broken, the "bull market" idea should be reconsidered.
Good luck everyone.
XRP/BTC UpdateCurrently it's testing resistance 3700 if it's could break it, more likely to test 4000 satoshi. If somehow the price action could closes above that price.. it's bullish sign for XRP/BTC reversal trend. Conversely, fail to retain above 3700 satoshi it will slowly move down toward next important support around 2606 satoshi.
Indicator looks bearish overall but you could notice a bullish divergence on particular indicator like MFI and Macd line is sighted on daily chart.
peace.
XRP Weekly, Time to Moon!No Just Kidding. XRP and Ripple technology is primarily used in banking and money transfers. Banking does not want volatility here. XRP needs to maintain slow steady gains, and tries to stay as stable as possible. When everyone was looking for "the next bitcoin" and flooded the xrp market with speculation, sure it pumped well and a few people made out while dumping it on their cult followers. It's be consolidating back to it's ideal range between 30 and 50 cents ever since. It's important to know company fundamentals and purposes of the coin before throwing money at it. Plenty of alts worth getting into for currency speculation. Take that $100 and put it in bitcoin. Even if you bought every week since the top, you'd be in a better position.
Any way,
this is not financial advise, this is for entertainment purposes only.
we still on track compared to last analysis. buckle up XRP armynot much to say here. dbl bottom is forming nicely as expected from last analysis and great volume today. im looking for big upward movement to start after daily close (UTC time frame) within the first 2-4 hrs. all that needs to happen is a break above the downtrend. this move out of the dbl bottom will definitely hit $.80 if it shoots up with a parabolic move imho...