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Xrpusdlong

inverse and complex HS formation is eye-balling 2,22$ for XRPIt almost seems as if everything is going like clockwork for Ripple. The only positive news that seems to be missing is that the company manages to settle the legal dispute with the US regulator SEC. The Ripple price also shows that something could be brewing with the native altcoin XRP. According to the chart below, a complex head-and-shoulders bottom formation is currently forming. This has a head (H), two left shoulders (LS) and two right shoulders (RS). The chart pattern as such is considered very reliable with an error rate of just 6%. It also reaches its minimum price target in more than 8 out of 10 cases and this is where it gets interesting. Because according to the formation pattern here, it results in a Ripple forecast of $2.22. This price target is about 120% above the current price level of $1.02. However, there are a few reasons why this price target should be taken with a grain of salt. First of all, the general market situation is currently quite uncertain. Furthermore, the neckline is sloping downwards. This is a first possible sign of weakness. Last but not least, the volume on the XRP token is still quite low. Accordingly, it may be a good idea here to observe the situation a bit more. What is still missing here as the last confirmation of the chart pattern is the breakout of the neckline. This breakthrough should be very clear and under a relatively strong increase in volume. Otherwise, there are certainly better trading opportunities on other days on other charts. However, those who are comfortable with risk can also risk an early placement in the market with the right risk management due to the general reliability of the chart pattern.
Long
by MisterCoinlover
1
RIPPLE - $XRP - [WYCKOFF] PHASE DPhase D The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E) . Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS) , making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS) , as previous resistances become brand new supports. Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E . more information on the Wyckoff Method Explained here in Binance Academy
BITTREX:XRPUSDLong
by ferGOD
XRPUSD: Will 1.13 resistance hold? (Requested by Hooofmann)Recent price action is pretty similar to Bitcoin, and so the evaluation is going to be largely similar as well. Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action. If it goes all the way to 1.2 area, then we should be the bulls in control. As usual, big fluctuations at all the coins are to be expected. Trade carefully! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
BITSTAMP:XRPUSDLong
by leslieyimsm
2
XRP , Crazy Inverse Head And Shoulders pattern! 200% gain ahead hello everyone , so as y'all see in this chart , XRP is making inverse head and shoulders one after another one . target zone is shown in the chart and guys we can't trust this pattern until it gets completed . so wait for the right shoulder to get to the neckline , if it broke the neckline and went upper , we will witness a huge pump to our red zone , like the way it did in the last pattern. if you liked the idea , just give it a like . and if you wanna see more of these , follow , heck of analysis are on the way !
BITSTAMP:XRPUSDLong
by ArminChiani
9
XRP Ripple Analysis & NewsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ XRP price has dropped to 0.91920. XRP should have performed better given its development this year. However, The main reason why it's doing badly is its prolonged legal battle with the SEC, which caused a lack of media coverage for all its projects development. The second reason is the continued sale of XRP coins by Jed McCaleb the founder of Ripple and he served as the CTO of the company Ripple until 2013. In January 2018, it was reported that McCaleb's Ripple token ownership was worth between $10 $20 billion, and holds about 2.5 billion tokens currently. The latest drop happened because of the Chain's Ban on cryptocurrency which affected the entire crypto market and almost all of the coins lost value in the last 4 days. But we will see an increase in value soon for 2 reasons : 1) Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger (CBDC Project) 2) RippleX Grants $2 Million to Promote NFT Solutions on the XRP Ledger Possible Scenario for the market : it Does seem like the market is holding the Bearish state for a bit which could lead the price to drop more where it will reach the support zone located between 0.91921 - 0.89812. But with all the projects that are been developed by Ripple the market is due to turn Bullish and the trend will probably start at that support level where a bounce will happen leading the XRP price back to the first resistance line at 0.95888 and after that it is gonna zigzag all the way back to the $1.2 range or even higher. Technical indicators show : 1) The market is below the 5 10 20 50 MA and EMA but above the 100 200 ( Which indicates a Bearish short-term trend but a Bullish long-term trend ) 2) The RSI is at 40.22 showing weakness in the market. No divergence found between the market and indicator 3) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line. Daily Support & Resistance points : support Resistance 1) 0.91921 1) 0.95888 2) 0.89812 2) 0.97746 3) 0.87954 3) 0.99855 Monthly Support & Resistance points : support Resistance 1) 0.80603 1) 1.45796 2) 0.42541 2) 1.72927 3) 0.15410 3) 2.10989 Fundamental point of view : Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. According to Ripple, the Royal Monetary Authority expects to enhance digital and cross-border payments. Also, they plan to expand financial inclusion for its residents by 85% by 2023. As of 2019, based on a report published by RMA, it was 67.6%. Although Bhutan is a small country in the Himalayas, it is the only carbon-negative nation worldwide. In line with this, Ripple emphasized that the CBDC solution would be a match for its principles. “Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy-efficient than proof-of-work blockchains.” According to bitcoinist NFTs Are The New Battlefront For Ripple’s XRP Army The main focus of the applications was the development of open-source projects dealing with NFTs on the XRP Ledger or XRPL. XRPL encompasses everything we currently consider the XRP ecosystem and is an evolution of the former Ripple Consensus Ledger (RCL). Ripple’s former products, xRapid, xCurrent, and xVia, were, in turn, merged into what is now known as the RippleNet, quickly gathering over 200 customers by 2019. Although Ripple’s focus point has for long been to offer a fast and cheap payment network, it seems that developers are looking for ways to squeeze the potential out of this blockchain and adapt it to the new times. NFTs are an odd use case for the XRP ecosystem, despite their popularity. According to cryptopotato This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:XRPUSD
by GabiDahduh
6
XRPUSDT , We need to come into heavy support for buyingHello guys This is XRP analysis for short-term traders We have a key ( key : change the trend ) the key is broken with strength and we need some pullback like our arrow then we can take short position until the support then after take signal like hammer o something like this we can take long position and buy some XRP or contracts and hold it for reaching the first Tp being with us for other analysis and PROFIT Good Luck Abtin
by Abtin00