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Xrpusdshort

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KRAKEN:XRPUSDShort
by ApexFX_Pro
1
XRP will fall below major supportDue to the strength of btc's network effect and the overall institutional and retail interest in btc, in conjunction with several bearish indicators such as green doji's, weak demand and low volume in XRP I believe there will be a final push below the major support zone @0.00004154 that has historically acted as a foundation for previous rally's, most notably in 2017. There are several reasons why this major support zone has a low probability of holding the xrp price (in sats) where it is today: Price patterns certainly rhyme but they do not repeat, just as lightening does not strike the same place twice; whales know that every xrp trader on planet earth is looking at this major floor of support as an opportunity to take out long positions in XRP - This would be an obvious area to perform a long-squeeze and liquidate those positions for extra exchange revenues, and accumulation purposes etc.; BTC price is performing so well at the moment, it only seems natural that either the xrp price in usd terms continues to dwindle relative to btc. when Btc enters consolidation it will be the perfect time to go long on xrp, this should be around the next leg of support (in terms of volume) @0.00003333. Unfortunately xrp has terrible fundamentals, besides the speculation, dot connecting and outright conspiracies. Ripples involvement with Moneygram was a smart move but it also indicates that institutions aren't using xrapid, perhaps due to regulations. XRP will continue to crash until such a time where real utility kicks in but this could be years away. Money gram will not be using xrapid for a long time either.
Short
by zmassey
4
XRPUSD finally overdue for its breakout?Keep a keen eye on the S2 support / pivot line as it is the most quintessentially key figure and factor needed for analysts to definitely make a determining factor in whether or not this bull run will finally ensue as many HODLers grow impatient with XRPUSD rumored to breakout from many others for well over a week now. So you can imagine how they reacted when BTCUSD increases 27% in under 7 days yet XRPUSD has remained sideways and unimpressive/undeterred up until now. Indicators are revealing that this may be that looming break out that they have been anxiously awaiting confirmation on. For this reason I believe crossing the highlighted pivotal line will be evident in determining the priceaction for XRP for the duration of the week to follow. Will update later to include stops & tp1-2 & possibly 3 as well contingent on how market outlook will be for the next 4-6 hours as prime time trading hours are now in full effect over on the Asia markets. Set alerts and trade cautiously!
BINANCE:XRPUSD
by UnknownUnicorn3861629
2
This is a pattern I can see unfoldingBecause of the high level of manipulation in this market, this is the pattern I see unfolding with XRP with regards to this Bullish pennant formation, on the 4 hr chart. We will most likely get a break out to the upside but obviously don't freak out when we see a long squeeze with a false break-out to the downside. Whales have an objective to shakeout as many weak hands as possible since investors in XRP are very hard to budge since they are such vehement believers in the fundamentals of Ripples business strategy.
Long
by zmassey
1
Inverted xrp chart + Golden cross = very juicyInverting the xrp chart in conjunction with the impending 100 MVA crossing the 200 MVA (Golden Cross) looks extremely scrumptious. I think we're in for some unfathomable price movements to the upside but if we keep it conservative the 0.5 FIB retracement would land us in a $1.70-$2.00 range. This would also get XRP into a suitable btc/xrp ratio based on historical averages, considering the gains bitcoin and the rest of the market has had these past 3 months in comparison to the lack of gains XRP has had. We should already be above $1 based on the gains that the majority of the crypto market has had thus far, but of course XRP is extremely suppressed probably because institutions and enterprise payment solutions are trying to accumulate it on the cheap.
BITFINEX:XRPUSDLong
by zmassey