Xrpusdforecast
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.
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal.
Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Elliott wave analysis of Ripple (XRPUSD): 4hr tf updateMy previous post on XRPUSD (Ripple) can be found here:
It was mentioned in the post that XRPUSD (Ripple) would likely sell off and find support between $0.71 and $0.74.
The chart has been updated and any upward movement should be a bounce on the way to the mentioned support area for XRPUSD. Failure to hold Support area as shown on the chart could potential result in XRPUSD (Ripple) testing support area 2 (between ~ $0.65 and $0.62) as shown on the chart.
If XRPUSD (Ripple) does hold in the support area or Support area 2, it would terminate a minor wave X position which is shaping up so far as an Elliott wave combination (W-X-Y) structure. This implies that XRPUSD (Ripple) should resume another leg up as a minor wave Y which should see the price of XRPUSD (Ripple) resume its current bullish trend.
Ripple's Market Overview
Hey. Enter long after the breakout or correctional fork, or on the breakdown of the trigger to long. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
Elliott wave analysis of Ripple (XRPUSD): 4hr tf My previous post is referenced below in order to keep track of the progression of Ripple (XRPUSD).
Ripple's (XRPUSD) price action has remained in a sideways trend after it closed at ~$0.92 on April 20, 2018. The sideways price action is identified in this analysis to be a combination (W-X-Y) Elliott wave structure with Minute wave ((x)) currently ongoing.
The implication of the above is that a Minute wave ((y)) should finish downwards as indicated by the red arrow on the 4hr tf chart for Ripple (XRPUSD) before XRPUSD can resume a sustainable bullish move.This analysis favors Ripple (XRPUSD) targeting between 38.2% and 50% ( i.e. ~$0.74 and $0.70) as the Support area because this lies in the region of technical support for Ripple which is between ~$0.71 and ~$0.74 as indicated by the horizontal black line.
Point of invalidation (POI) is placed just above the high of ~$0.97 reached on April 24, 2018. POI in this case is a price close above $0.99
Ripple (XRPUSD) 4hr tf Elliott wave analysisRipple’s (XRPUSD) price swing from ~ $0.47 on April 6, 2018 to ~$0.92 on April 20, 2018 has been identified in this analysis as a 3 wave (A-B-C) that terminated a minor wave degree (Minor wave W).
The implication of the above is that Ripple (XRPUSD) is currently in a Minor wave X (a correction). Completion of Minor wave X should be followed by Minor wave Y which should see the price of Ripple (XRPUSD) continue its bullish trend.
Projection of the termination region of Wave Y can be carried once Wave X is complete.
XRPUSD (Ripple) 4hr tf analysis: Bullish biasPrice action from ~$0.47 on April 6, 2018 up to ~$0.69 on April 13, 2018 has been identified in this analysis as a Minute wave ((a)) position. A correction, i.e. Minute wave ((b)) is currently on after which Minute wave ((c)) should follow.
The implication of the above is that the price of XRPUSD (Ripple) should resume its bullish trend with prices moving higher. Further evidence of a bullish bias for XRPUSD is the termination of a minor wave degree (wave 5) and an intermediate wave degree i.e. wave (Y). Both of these suggest that prices should move higher and any reaction against the current uptrend should be crushed by XRPUSD bulls.
Support 1 (between $0.61 and $0.63) or Support 2 ($0.54 and $0.58) is expected to offer a floor for price action and then resumption of the current uptrend.
The first target area for XRPUSD after resumption of the uptrend is ~ between $1.08 and $1.23. A higher target region (not shown here) lies between ~$1.57 and $1.73
Point of invalidation of this analysis (POI)is price closing below ~$0.45
XRP/USD Forecast - 03/03/18 Dear Viewers,
Here is my Technical Analysis of the XRP Coin.
Let´s get into it straight away,
As you can see we had a Head & Shoulders pattern that started to shape it self mid January because of a bullish movement, which caused a bearish breakout once the neckline got crossed downwards.
Now that XRP got corrected (which is very healthy for the coin it self), we can start to see a start of a very big triangle pattern marked with yellow dots. Keep in mind that what happens inside this triangle, will have an impact on XRP´s future.
Option 1: XRP crosses the yellow dotted triangle upwards, we will know that a bullish mood has now taken over. This is my guess, why ? Because XRP has been coming up with great news and partnerships since 2 months, and had yet to release the most important news that WILL decide XPR´s future: A partnership with GooglePay . If this occurs, XRP will gain a huge amount of bullish momentum that I will be hard to stop it. I might create a new Head & Shoulders Pattern but where are not there yet.
Option 2: The rumors of XRP and GooglePay are fake, in that case we might see a drop back to the VISL (Very Important Support Level). Which has been doing a great job so far, but how long can that last. I think that if we get to hear that the rumors of XRP getting in partnership with GooglePay is fake,that that support level might not hold anymore. If that happens, XRP will free fall.
I do think the rumors are true, GooglePay needs a system like XRP in order to grow more, the low transaction fees, the easy and quick implementation are key, so in my opinion the news is true, and we will see a breakout upwards, the only question is, when.
This was my Technical Analysis for XRP,
Please feel free to leave a comment, to like and also to follow me and my work if you want to be up to date.
Raw_Blitz out.
THIS COULD BE YOUR SMARTEST BET ON CRYPTO CURRENCY $0.21 to $20How is this bet a SMART BET?
1:20 ( RISK REWARD) with high propability.
People have lost their brains in this mania, people bought bitcoin at $19,000 thinking it will give them great returns. That they will double/triple their money. What are the chances that bitcoin will go from let's say $20,000 to $ 40,000 and how long will it take? What are the chances of a cryptocurrency selling at $0.12 with a market cap of $97,829,899,439 will reach $ 2? Well anyone of you will a bit of common sense can see that the chances of going from $0.12 to $1 are more than a bubble who has already inflated up to $19,000. I have just 1 friend who also do trading ( speculating) and i told him not to buy bitcoin at $12,000 and instead take a bet on xrp, and he doesn't regret it now.
I decided to play with 2% of my money and have fun, just remember when you are buying a cryptocurrency you are just having fun and fun which can make you some money or you can end up giving money. Just like a casino, you bet, you win/lose, you had fun.
First of all, i am not a speculator, I don't follow the herd and don't get caught by crypto mania. I don't break my rules, and follow the advice of my mentors/books therefore only speculated with just 2% of my portfolio and so should you. (1-5%) the lesser the better. If you have your money in cryptocurrency and you are thinking you are an investor then my friend you are like a blind man walking in cold dark night without a stick. When bitcoin was at its peak many of my friends were speculating on bitcoin, I had my money in safe buckets INVESTED in bonds indexes, TIPS, Structured notes, indexes, commodities such as gold and silver etc giving pretty decent returns towards financial freedom. ( read my other idea, posted on reaching financial freedom, prepare for worst )
How do I see XRP and so should you?
It's a speculation, giving the fact that herd is going crazy for any coin in this market, I believe that xrp has the power to hit $20 a coin.
It has a huge market cap and cheaper to buy so many people will sell their expensive cryptocurrencies and they will buy xrp in hope for better returns. The whole crypto game is about SUPPLY AND DEMAND and I believe there is going to be a huge demand for xrp, it's has started to come in news, media getting attention, herd buying with all their savings, the more it will go up the more flies will attract towards sugar and you can take advantage of this.
Risk/ reward?
I bought xrp at 0.21, for this example sake if you bought xrp at $1, don't sell it until it reaches $20. Hold it, don't sell on the formation of any patterns and other indicators crap.
As soon as you double your investment, take out your real principal and put it back in your safety bucket and let the profit play the game. I already took my 2% out of this.