Ripple (XRP) 13% + 5.32% profit from past XRP trades. Bearish.The past two trades on XRP have netted 13% and 5% profit. If you wish for private charts all you have to do is message me.
XRP currently has broken beneath long time support and is trading beneath it. In theory, XRP should have trouble staying above 8140 and should not move above 9400 at all.
I do expect a pump if BTC pumps, but I do not believe that will lead to another rally. Even if we do get another rally, I remain bearish on XRP.
This trade will be invalidated if we move above 9400. I expect that to happen when BTC breaks 7000.
You may enter shorts following the short entries I have posted on the charts. It is very hard to put a reasonable stop loss. I will do a manual stop and an automatic stop above 9400.
Right now there is no clear direction on BTC but I still am leaning towards bullish on BTC. Even though I am bullish on BTC, I am bearish on XRP. Even if XRP pumps it will still decline as it always has unless BTC can start a new bull rally which is very unlikely.
Thanks for viewing!
In case you disagree, I have put a reasonable long setup. You may consider following it.
Xrpusdbuy
Rejected on a New 1W Lower High, RIPPLE / U.S. DOLLAR XRPUSDXRPUSD broke the previous Channel Down on 1D on fundamental reasons and managed to test 0.79, which is still a Lower High on 1W. Since this price was also inside the 0.681 - 0.786 (0.68967 - 0.81315) Fibonacci retracement zone since the last 0.96716 1W Lower High in April, we expect the price to make an equally quick technical gap fill as the equivalent rise. We have used those levels to short again with TP = 0.27100 (gap fill).
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XRP 17$-40$ by EOY 2018On a logarithmic scale XRP has been trading between 2 channels in the past years. If all pieces fall in to place (Xrapid and major banks adoption in production) then there is a chance that by the end of 2018 the price might hit the upper limit of channel 1 which is 17 $ or the upper limit of channel 2 which is 40 $, or trade somewhere in between 17$-40$.
We already know that Xrapid will be in production in 1-2 months max and we already know Ripple has 100+ clients.
XRPUSD Multi Timeframe analysis holding support............If you missed the train of Ripple you can get it again but now it is on a strong support zone and preparing for an another small jump near the high of this recent rally if you didn't sell at the high you can get a second chance of selling at the near high of this recent rally. Then another dump will happen again and the price of ripple will fall to almost 0.3307$ and may even lower than that.
Currently on the 4 Hour Chart Ripple stopped at EMA ribbon first, secondly 0.45410$ is the low of 2018 1st week of April working as support and 50 EMA is there.
Now you can take short term trade decision by seeing the 1 Hour Chart.
Main key level to watch - 0.455$ if break and close below it the we may not an another jump price will fall vertically.
Resistance - 0.48$
If you are on any open position and trade your stop loss should be below the main support level 0.4510$
See the 1 Hour Chart Below.
RIPPLE DONE HIS CORRECTIONAllright guys huge pump for the xrp done in just a few days and then the correction as it is logical came thourght..now we have to wait for next run..i will not short it, i am going long the btc has a good price and the 7200$ are near..fasten your seat belts the ripple is going high despite the pump...
XRP NEXT MAJOR TARGET - MINIMUM $5.00I could write about all the good news that has been coming out for XRP and ripple, i could write about all the problems that XRP not only has the potential but is solving.
But instead i will leave it purely technical. If you're an elliotician, you will understand the graph, but i will post a high res pic as well incase it doesnt show everything in the window above.
XRP has finally finished its correction from the high of around $3.3 on poloniex and upto $3.8 on some other exchanges. it has completed a full 1 wave from its lows of $0.005 and has finally finished correcting its 2nd wave.
We are about to enter the third wave and its already looking promising. I expect a minimum target of $5 (and thats being conservative) for XRP this year.
My opinion: GO LONG!
cheers
here's the pic for better view of the entire graph
XRPBTC: Becareful PeopleHi All,
It's all in the chart: XRP Moon Action
XRP: Cross bullish territory, becareful people this could be a trap.
I'm not sure what catalyst is pushing XRP to make this type of gains.
Hence, I'm staying on the side line awaiting for a pullback, don't fomo people.
Remember a good rule of thumb, what goes up must come down.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Ripple (XRP):3 crucial info. to keep in mindThe 1 hour timeframe chart of Ripple (XRPUSD) is shown in this analysis from June 4 till present date. The numbered annotations on the chart are discussed below:
(1) Price action from June 29 till date is considered here to be in a rectangle bottom that is bullish (albeit not 100% of the time), with Ripple (XRPUSD) forming the top of the chart pattern between July 3, 2018 and a Head and shoulder pattern (July 17 to July 18, 2018) forming the second pivot used for the top of the rectangle bottom.
June 29 and July 12, 2018 are pivots used to connect the bottom of the pattern. Price closing below ~$0.43 invalidates the pattern, and implies more bearish action in Ripple (XRPUSD).
(2) Width of the rectangle bottom that can be used for projection on a breakout above the rectangle bottom, and even should price invalidates the chart pattern and closes below it. A breakout above the triangle for example could see Ripple target ~$0.61 by projecting the width directly above the breakout point (assumed here to be $0.52).
(3) Current bullish price channel developing on the 1 hour timeframe since July 20, 2018. It is important to pay attention to the price channel as a break below it could trigger selling, while closure outside the channel could see price return to the top of the rectangle bottom.
The current market action (rectangle bottom) is contained within Ripple’s massive descending triangle mentioned in my previous post, so it is important to keep the bigger picture in mind and also remember that chart patterns can nest inside one another. Therefore understanding what the big picture is for Ripple (XRPUSD) is an absolute must.
Ripple (XRPUSD)'s descending trianglePrice action for Ripple (XRPUSD) is captured in this analysis from February 29, 2018 till date with a descending triangle. This chart pattern is bearish (sell), albeit not 100% of the time.
Key price levels to take note of for Ripple (XRPUSD) are the following (approximated to 2 decimal places).
- $0.77
- $0.46 and $0.35
- $0.60
The relative strength index (RSI) as shown here suggests that bearish momentum has run out. A less conservative entry into a long (buy) position involves buying as soon as Ripple (XRPUSD) closes above ~$0.60 in anticipation of a breakout above the sloping line of the descending triangle.
$0.77 is used in this analysis to indicate a potential price level to initiate a long position should Ripple (XRPUSD) break outside of the chart pattern. The vertical red arrow indicates the width of the pattern which can be used to estimate the point to take profit if the risk/reward is satisfactory.
On the other hand, $0.46 and $0.35 mark the major support level for Ripple (XRPUSD) and break below $0.35 could see the price of Ripple (XRPUSD) go down a lot further with $0 even been a possibility.
XRP Buy Zone between 0,45 and 0,35 cents, Trendline from begin 0The price of XRP still seems to dip with Bitcoin as all altcoins do because its pegged as basecurrency.
Actually price should rise when Bitcoin drops technically.
So this must all be fundamental on the news.
Money runs out of all cryptocurrencies not just Bitcoin.
Now its a waiting game, to see where the Big Money will step in.
And how much they will torture the public before they do so.
I would say Trade and HODL is the best option.
Fakeout Shakeout below Yearly support Now Bull Run XRPThe shorts were washed out below trendline support
The long got in and are now running the show
If we get a higher high and higher low
We have ourselves a Buy oppertunity
Long XRP !
Targets up still into the 1.20 area or whatever price might run or shoot up to on the SBIVC release.
XRP/USD- Accumulation or Crashing Pattern?Hi Guys,
Thank you for tuning into my analysis.
BITFINEX:XRPUSD
As you can see on the larger time frame, BITFINEX:XRPUSD is mimicking the trend of BTC/USD. However, a more significant lower high and lower low can be spotted in BITFINEX:XRPUSD then in BTC.
The green box could signify an accumulation zone provided that BITFINEX:XRPUSD doesn't break down the $0.55 region. Notice that the $0.55 also constitute my 88% fib level. This shows that the $0.55 level is a significant strong support.
A false break down of the $0.55 could eventually occur but the bulls must manage to bring the price back to $0.55. Otherwise, $0.33 will be met.
I suggest downward cost averaging would be the best idea for this coin. Expect to hold until end of 2018.
Thanks.
CK