XRP Bull Pennant on the 4 hr! Getting closeWe got a pretttty strong looking bullish pennant almost coiled up and ready to pop- I'll be awaiting the RSI crossover to confirm but this looks pretty good in my eyes.
Let me know what you all think!! Are we about to go to da mOOOOOOn?!
Like if you agree and comment your take!!
Xrpusdbuy
XRP/USDT in a Strong Uptrend channel.Hey, I am back with another Analysis !
XRP once again, finally showing some proper moves after all.
I almost don't believe that XRP has surpass a XLM in performance in short term.
By the look on the chart, it seems like XRP is about to test the price of quarter dollar ( $0.25 ), which is a strong resistance level.
Ideal buy 0.23670 - 0.23760$ , or buy the uptrend, or breakout above 0.25$ .
Let me know what you think about this Pair!
Correction over? This is how I view the macro trend for XRP\USD at the moment. I expect the accumulation phase to carry on until August/September before a serious move to the upside confirming a change in the trend. The price may touch again the $0.11- $0.14 zone for a double-bottom pattern confirmation. The fundamentals for this asset are now stronger than ever and the catalyser could be an announcement of a large bank using ODL. The entire crypto market shows a correlation with the traditional stock market but I expect a de-coupling later in the year due to the devaluation of the USD and other major currencies as Central Banks have been printing very large ammounts. Good luck and these months could be seen as the moment of maximum opportunity.
XRP/USDT remains in uptrend.Hey, I am back with another analysis this time looking at XRP.
So this pair is pretty stable and doesn't do much lately, but I still remember the pre december 2018 breakout moves, so I don't underestimate the potential.
Psychology, so many have already given up on XRP, because it's "ded".. please note that XRP once didn't cost even one cent..
Technicals, the price is in an uptrend, this trade long idea will be canceled when the price breaks below the uptrend line, support area.
Entry
0.20000 - 0.20275$
Take profit
0.22500$
Good luck with trading! If you liked this idea, you know what you have to do :)
XRP monthly bottom might be in/but beware countertrading whales!charts.cointrader.pro
As you can see in the monthly Chart of XRPUSD, there are strong arguments to be made we bottomed longterm.
Monthly double bottom @ $0.1740 and $0.1750.
When we draw a parallel channel on the log chart since 2013, we see that we always rejected or bounced from the borders.
Smart mathematicians will say: "You can't draw such a channel on a log chart, it has to be a flattening curve!".
Alright, but thus far, this channel works and I also don't think its probable that we will touch the top of this channel, but rather top out @ 0.236 of this fibonacci channel.
So basically, while price action on daily and weekly suggest further downside for XRP, traders forget to look at all the chart data you can find of an asset. For example: don't simply chart NEO on any exchange chart but look for the whole data including Antshares times, which you can find on charts.cointrader.pro @ the NEOUSD ticker.
While those log channels worked pretty well in 2017, the crypto market changed overall and it might be we can't use those channels anymore.
An Argument that those channels don't work:
charts.cointrader.pro
Argument that those channels might still work:
charts.cointrader.pro
While the probability for a monthly bottom on XRP seems quite high with the provided charts, beware of countertrading whales due to maybe me posting this charts right now. Be careful trading this and don't take to much leverage or none. The overall crypto market is on a brink of a big move due to low volatility in past 2 months. My best guess based on anything I know is, that BTC first quickly pumps to arround $9.700(stop hunting leverage shorts), in the next moment it dumps to $8.400(stop hunting leverage longs) and then we take off to the next parabolic phase for the whole crypto market. In this scenario XRP could breakdown from the channel for a short period of time, just to enter it again and take off as planned without the overleveraged moonboys!
Please comment down below what you think of this analysis. Thx!
I'm not a financial advisor, this is for entertainment purposes only :)
XRP/USD - 3rd accumulation3 big side moves.
You can clearly see in this screenshot.
The third sideways movement has already lasted 21 days.
And most likely, the exit is scheduled for upward.
Buying in the middle of the canal for the upper boundary.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
XRP / U.S. DOLLAR (XRPUSD) Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Will XRP Breakout This Key Level Resistance To Achieve $5Hi friends hope you are doing well and welcome to the new update on Ripple even though this coin is less bullish comparatively to other top cryptocurrencies however it is giving some bullish signals let’s talk about them.
Finally priceline is showing bullish bounce:
On the daily chart the priceline of XRP is moving within an up channel since Mar2020. Recently on 25th May XRP was reached at the support and got bounced from there. Now we can see a sequence of bullish candlesticks is being prepared. Even though these candlesticks are not as that much bullish as they should be after this bounce. However the continuation of green candlesticks is a bullish signal more over we can see that buying volume is being appeared with the continuation that can lead the priceline to the resistance of this channel.
Indicators are turning bullish:
If we notice the different indicators and oscillators on the daily chart then all are turning bullish. For example if we watch the moving average convergence divergence (MACD) then it was strong bearish and now it has turned weak bearish. The stochastic is already strong bullish and the relative strength index RSI was in downtrend since 29th April 2020 and now it is breaking out the down trend line that is a bullish signal. Because sofar the price action was following the trend of RSI. If RSI will be turned bullish then definitely price action will also follow the trend of relative strength index.
SMAs on daily chart:
If we observe the position of the simple moving averages on the daily chart with the time period of 25, 50, 100 and 200 then it can be clearly seen that 50 SMA has moved up and formed golden cross with 100 simple moving average, if it will move further more upwards then it can form another golden cross with 200 simple moving average as well. And that is considered a very strong buying signal among the traders community. That can be a big invitation to many traders to buy XRP. However the 25 simple moving average is likely to move down and can form bear cross with 50 and 100 SMAs. But it doesn't matter because the 25 SMA is already moving sideways with these tow simple moving averages. If 25 SMA would be coming down form some distance then this death cross would produce some bearish rally.
EMAs on daily chart:
The exponential moving averages with the time period of 10 and 21 are very important to determine the bullish or bearish trend of any asset. On the daily chart of Ripple the EMA 10 and 21 are in bear cross since 13th May 2020. And the priceline is moving sideways with these two moving averages. Now the exponential moving average 10 is moving up and at this time it is very close to EMA 21 and the price action is likely to cross up these two EMAs. We need the closing of the candlesticks above these two EMAs as soon as possible in order to breakout the channel’s resistnace.
Falling wedge on long term chart:
Now let's switch to the long-term weekly chart. And here we can notice that the price action of XRP is moving in a falling wedge since August 2018. And so far priceline is not able to break out the resistance of this wedge even after several attempts. In my previous article we have seen that the bollinger bands was below the resistance of the wedge, therefore the Ripple had the bollinger bands hurdle before the wedge’s resistance. That could stop the price action to reach up to the resistance. This time the upper bands of the bollinger bands has moved up above the resistance of the falling wedge and this is a bullish signal for the breakout. Because now it can be easy for the price action to cross up the resistance of the wedge.
Indicators on long term chart:
If we watch the different indicators on the long-term weekly chart then Stochastic has turned strong from the oversold zone. And the relative strength index is moving sideways and the moving average convergence divergence is also strong bullish. As the stochastic in MACD are strong bullish therefore we can expect that RSI will also follow these bullish signals and it will be changed to bullish soon. As visiting the overbought zone after coming out from oversold by the RSI indicator is already due.
Key level resistance at $0.31:
Now I would like to recall a major key level resistance and support level for the priceline of Ripple. And that strong resistance and support level is at $0.31. If we see on the chart then it would be revealed that since the XRP was come to existance this $0.31 level has been working as powerful resistance and support level. First we can see that it has been working as a strong resistance from May 2017 to December 2017. But once this resistance was broken in December 2017 then within one month upto January 2018 price action started very powerful bullish rally that produced more than 1476% gains. And achieved more than $3 price level. Then from January 2018 to August 2019 it has been working as strong support for the priceline. But once in August 2019 this support has been broken down since then priceline could not breakout this resistance again. Therefore we can expect that once this resistance will be broken out then it can repeat the same move of Dec 2017 to Jan 2018 and produce more powerful bullish rally than the rally of 2017 to 2018. And this powerful bullish divergence can lead the XRP to reach $5 price level that will be all time high price. But if the priceline will be moved down from here then we have a strong support of $0.175 and the price action is already moving very close to this support.
Conclusion:
Even though the Ripple is turning bullish on short term and midterm but it is still less bullish comparatively to other top cryptocurrencies. However once the XRP will be able to cross up $0.31 resistance level then it can turn more bullish than other coins.
XRP/USD - Possible purchasePossible purchase after level breakdown.
Important level 0.20649$
Extreme candle looks like a pin bar.
Which means the desire to buy prevails.
Buying only after it's broken down and fixed.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
XRP Break upXRP has broken above the 200MA
This situation could be very bullish and repeat a previous break above the 200MA
Falling wedge is a bullish reversal pattern
There is a symmetrical triangle and falling wedge, subjective of where you draw the trend lines
A previous chart of mine where a break above a MA level was observed
Ripple (XRP) Needs This Break Out Then Next Destination Is $5Falling wedge:
The price action of Ripple is moving in a falling wedge pattern since August 2018. Recently after the strong bearish trend in the month of March 2020 the priceline of XRP again has hit at the support of this falling wedge pattern. Here I was waiting for two indicators to give bullish signals. One from stochastic to give bull cross and second for the momentum indicator to turn weak bearish from strong bearish after these two signals I was expecting that the priceline will again move up to make another attempt to break out the resistance of this falling wedge pattern.
Finally on 6th of April the stochastic gave bull cross and on 27th of April the momentum indicator turned weak bearish from strong bearish and then the priceline of Ripple turned bullish and sofar it has reached almost at the half of the wedge pattern.
Here we can observe one more thing that the relative strength index (RSI) indicator 1st went in oversold in January 2020 and in the month of March it went again very close to the oversold zone and now it has turned bullish. And if we see the priceaction of XRP then it can be easily seen that the priceline has also formed a double bottom as well that is another very powerful bullish sign.
Indicators are turning bullish:
falling wedge:
Volume profile and Bollinger bands are giving bearish signals:
If we see the two more signals on this weekly chart then the situation is little bit disappointed. If we see the volume profile of the complete price action moving within the pattern then it can be easily witnessed that the trader’s interest is very weak below $0.17. And if we move up then we find that the interest of the traders is very low above $0.33, this is almost the same level where we have the resistance of the falling wedge pattern. Therefore in order to have a break out from the wedge we need the interest of the traders should be developed above the level of resistance, moreover if we see the Bollinger bands then it can be easily observed that the upper band of Bollinger bands is below the resistance of this falling wedge pattern. Therefore it can play a role of resistance or hurdle for the priceline that can stop the XRP to break out the resistan. Therefore in order to achieve a successful breakout from this pattern we need the Bollinger bands to move above the resistance of Wedge. However if exceptional we will have a powerful buying volume then the Ripple can ignore these signals and breakout the resistance.
Simple moving averages and bearish signal on daily chart:
Now if we switch to the short-term daily chart and place simple moving averages with the time period of 25, 50,100, and 200 then we can see that since 14 March to 29th of April the priceline was moving up with a strong bullish rally and first the price action broke out the 25 SMA after that priceline faced a little bit resistance but finally broke out the 50 simple moving average. And during this the we can also watch the golden cross formation between 25 and 50 simple moving averages. Then on 29th of April the price action of Ripple broke out the 100 SMA but since then the price action is not able to break out the 200 simple moving average. And it is being consolidated between 100 and 200 simple moving averages. And now there is bearish signal appeared and that is on 30th April a powerful bearish engulfing candlestick is appeared that is a bearish signal. This candlestick has completely in engulfed the bullish candlestick of 29th April. Therefore in order to break out the 200 simple moving average we need another powerful bullish engulfing candlestick that should engulf the bearish engulfing candlestick of 30th April or at least it should be equal to this bearish candlestick. Then this bearish candlestick will be cancelled. But unfortunately sofar after that bearish engulfing candlestick we have a two weak bullish candle sticks and and today we can see a weak bearish candlestick as well.
Up channel:
On the same daily chart the priceline of Ripple is moving within an up channel since 17th of March. At this time the price action has reached at the resistance of this channel but could not break out this resistance even after powerful bullish candlesticks with long spikes and now we have few weak bullish candles moving sideways. Here I am watching for two more indicators one is stochastic indicator another one is the momentum indicator.The stochastic indicator has already visited the overbought zone and it has given bear cross. Now if with this bear cross of stochastic indicator the momentum will be turned weak bearish from strong bearish then we can expect that the priceline may re-test the support of this channel and that is at $0.20. I am not expecting as that much powerful bearish move that the priceline would re-test the support of the falling wedge that has been formed on the long term weekly chart. Therefore after retesting the support of this channel the priceline may again move up to make another attempt to break out the resistance of this channel.
Up channel:
Stochastic and momentum:
Key level resistance at $0.31:
Now I would like to discuss a major key level resistance and support level for the priceline of Ripple. And that strong resistance and support level is at $0.31. If we seen on the chat then we can easily observe that since the XRP born this $0.31 has been very powerfull resistance and support level in the history of XRP. First we can see that it has been working as a strong resistance from May 2017 to December 2017. But once this resistance was broken in December 2017 then within one month upto January 2018 price action started very powerful bullish rally that produced more than 1476% gains. And reached more than $3. Then from January 2018 to August 2019 it has been working as a a strong support for the priceline but once in August 2019 this support has been broken down since then priceline could not breakout this resistance again. Therefore we can expect that once this resistance will be broken out then it can repeat the same move of Dec 2017 to Jan 2018 and produce more powerful bullish rally than bullish rally of 2017 to 2018. And this powerful bullish divergence can lead the XRP to reach $5 that will be all time high price.
Conclusion:
On short term the Ripple is giving bearish signals therefore we can expect bearish rally on the daily chart but on the long term the XRP is bullish and once the key level resistance of $0.31 will be broken out then XRP can achieve the all time high price.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
XRP LAWD AWOKENED, WHY $0.3 OR $0.9?(MUTI TF 1hr, 4hrs, 1D,1W)
Hello Friends, today I bring to you a well cooked analysis on RIPPLE the Biggest Bull RECENTLY Awaken (RIPPLE).
Before I serve you this delicious CRYPTO meal, kindly support my ministry by leaving your likes behind after reading, Thanks in advance.
XRP Started this uptrend run, As the first bull and also the most hated bull, XRP has too much to prove and that is why you will all be baffled by MEAL XRP HAS BEEN COOKING FOR SO LONG.
Using BINANCE:XRPUSDT charts let's look
Using multi timeframes, here is a clear picture of what to expect in May- June from the Awoken bull called XRP
1hours Chart
We see here a strong correction taking place after the recent fall, but this pump is far from over
1D chart
daily shows that XRP still have good chances of going up as it is still trading below last globex high and above the globex low still
1w chart
PATTERNS OBSERVED
1, Falling wedge (bullish signal)
2, MACD Weekly breakout
3, Trading above globex Low Range
4, Weekly strong volume and price trading above pivotlevel
ENTRY POINT
If prices stays above $0.215, means bullish and $0.25 will hit
if price goes below $0.205 possibility of going lower is 75% because of the Globex High on the breakout side
Weekly trend line breakout point = 0.25
Zones to watch out for Bear Zones dip
1, $0.23 to $0.248 expect a lil pull back before we can cross through, and we will attempt three times to cross, if we fail the third time it will drop a dip.
2, if volume remains strong, and the price holds above $0.25, price will make it up more through to $0.27 to $0.3 range( we will hit $0.27 to $0.3 zone )
3, Higher Timeframes like the 1week chart shows that XRP is well balanced sitting above the pivot level meaning going up is easier now.
1week chart if successful breakout occurs as expected in the $0.24 to $0.25 zone this will lead to a far BIGGER BULL RUN TO $0.8 TO $0.9 ZONE
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XRP/USD - buy after the breakdownbuy after the breakdown.
we set the stop loss at a key level.
are fixed above the EMA50, the next target is the EMA200.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions)
Thanks for your support!