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Xrpthestandard

XRP/BTC Analysis - Stuck in the middle with youObservations: XRP/BTC was in a downtrend for some time, spent about 2 months in what looks like accumulation, broke out of that on high buying volume (that was very much a whale move disguised under the pretext of a 'buy the rumour sell the news' event) and is now trading in a range that mirrors the swing highs and lows of the original downtrend. Wild speculations: + While Ripple is always impacted by Bitcoin, it does look like a chart that has ended it's bear market and is consolidating before a big move. It will most likely range for some time before deciding on a direction. Shorting or longing the top or bottom of this range would probably give you good profits, much like a Forex chart. + Ripple could surprise us by showing bullish moves even in the midst of Bitcoin's continued macro downtrend. There's enough hype around it as a rival to Bitcoin that I can imagine whales could manipulate the price to suck in more retail money on independent moves from BTC (this is not based on the chart but merely my own bias and interpretation). + It would be interesting to compare this XRP chart with Bitcoin's ultimate trajectory. I wonder if alts such as this are a leading indicator of where Bitcoin will ultimately move. If so, it would indicate we'll see more drawdown in BTC before it starts ranging in a region of 83%-85%. If we had a 2000 bottom for BTC, that would create a range of 2000-3700. Or 3000-5500. This seems like a fair bet for 2019-2020. Chart analysed: XRP/BTC Daily Indicators: RSI, Support/Resistance, Volume
by emotionallydetached
Conclusion of the bearish XRP trend...?I revisited the resistance for the previous bearish trend of 2017, and found something interesting (but also frustrating, because it means we have to wait a bit longer!) I modified the resistance to represent what someone would have seen around mid August, and noticed that the piercing of that bearish trend looks a LOT like what happened when we hit .75 last month. Following that comparison, I saw that there were many similar signatures to the transition out of bearish trend and into what became a huge bullish move. Long story short, the bearish push of the last couple weeks proved that the timeline of EOY lambos is sadly not going to be a reality, short of a massive announcement. That said, it does look to me as if we're playing out pretty closely to what we saw in 2017 in the run-up to December, but more drawn out (and I believe, a bigger boost in the end). Let me know your thoughts!
BITSTAMP:XRPUSD
by tradeformula
2
XRPZ18: Hunt for a new long entry, short opportunityXRPZ18 has been a great long for me recently, and I still have a moonbag riding open long, but I think it may have a retest of some previous supports before it can move back up out of the current range. Would love to see this play out something like this, to give me a chance to re-open a long: some more sideways action before a deep wick down to 7440 sats with a strong reaction from buy support, followed by some consolidation before another breakout attempt of our current level.
XShort
by UnknownUnicorn2934042
XRP couldn't break above supply zone! XRP tried numerous times to get above the sell block after tagging the 50%FIB over the weekend and now we have moved back below. We are currently testing the support of the trendline for the second time now and if we do break lower, the dotted blue line could be the next spot we see. EMAs look like they are about to crossover bearish again after last weeks bullish cross. Volume also seems to have completely dried up here. For Ripple to get its legs back, it needs a push past this $0.47 block in order to restest $0.55 & $0.60. Any weakness in Bitcoin could further give Ripple the push it needs here to break this trendline and test lower so keep an eye on this. Thanks guys
BITSTAMP:XRPUSD
by CM_Trades
XRP EOY Price @ $589!? More Like $0.17! (XRP Down Cycle)Since xrp's all time high, the price has been retracing ever since. The percentage drop and the timeframe it took to drop is labelled on the chart. The question is are we still in a bear market or have we reached the bottom?... hmmm If we ARE still bearish then the previous patterns of the plumit of price in the past should be a good indication of where the price is proceeding to in the future. Since all time high, xrp price dropped; -76% over 33 days. corrects then drops; -60% over 48 days corrects then drops; -78% over 108-140 days - (This time frame is the outlyer) Mean = -71.3% drop Standard Deviation = +/- 9.8% Upper Limit = -61.5% Lower Limit = -81.1% Therefore i believe that the price will drop another approx 71.3% (+/-) 9.8% before we see another bullish market turn around... with all that being said, i dont really know, its a strange world, the world of crypto , i could be wrong, and i have before , but i hope for low prices, so i can buy mor e. Happy Hodling! :)
Long
by StephenGuilfoyle
2