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Xrpusdshort

XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3439 (horizontal overlap resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2880 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance where we might see a further drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP POTENTIAL SELL OFF - DESCENDING TRIANGLE FORMATIONNOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... As drawn there has been a bearish descending triangle that has formed on the 4H and 1D time frames. Sorry for the late delayed post, the price has reached the first price target (I accidentally forgot to post this when I first identified this setup!). and COULD reach the second region highlighted (around 0.30300USD) or look to turn back to the upside. - Scenario 1: If it goes towards the downside, XRP's price could reach the region around 0.30300 USD. This idea is mainly being projected from the 1 candlestick meltdown from the descending triangle , which could mean there is space for more. Moreover, on the 1D RSI , it is still not currently oversold, so there is more potential for this pair to melt on the daily time frame. - Scenario 2: As RSI states it is currently oversold on the 4H around the 30.0, it could signal a reversal towards the upside following a strong sell-off from the descending triangle . If so, the first major price projection to the upside would be retesting the resistance around 0.32200, and if this is surpassed, then towards the 0.33475 region. All resistance and support regions have been clearly marked in the blue coloured box. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
BITFINEX:XRPUSDShort
by ShaunLeo35
2
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3261 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.2859 (horizontal swing low support). RSI (21) is also approaching our resistance where we might see a further drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP/USDAfter five attempts at a break of the 0.31750 area, downside pressure has eventually prevailed and forced us to continue bearish momentum. Price has been trapped in a 1 cent zone for the past 8 days with four attempts at a bullish breakout and four at a bearish. This is shown in the H1 chart below. I gained confirmation of this trade setup by going back in time to the 14th January where I found a similar wave-type pattern emerging. Four touches on the upside at the $0.33800 level and four on the downside at the $0.32800 level. Another 1 cent range zone. On the fifth attempt at a downside push, price was able to breach support and move further bearish. This previous trend helped me in my analysis with the present day. Again, the fifth attempt at a downside push was successful and bearish movement commenced. Entry was at 0.31498, a 26.1 pip stop loss and a 105.2 pip take profit gives a great 4.03/1 Risk Reward. A high risk on this trade with a tight stop loss. As it was a break of the range zone I felt as though price had the potential to fall lower fast. Just watched a huge H1 bearish candle spike. This represents the true volatility of the crypto market. Wish me luck!
BITFINEX:XRPUSDShort
by TomFarren
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3260 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.3167 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.3260 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.3167 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP "Ripple" Potential outcome?Hi everyone! I hope everyone is enjoying the price rise in we witnessed in BTC yesterday! My analysis on XRP! It seems the only thing that drives the price of this coin up is when BTC goes down or if there is some very significant positive news regarding XRP. Overall i see us heading towards the 8700's level's but ultimately lower as 8700's is a support that holds us at the moment and once that support is broken the 6500's is in the picture. !Best of luck trading everyone! Thanks, LiquidMEX DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Short
by SolStackz
2
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.4619 (horizontal overlap resistance, 61.8% fibonacci extension, 50%, 38.2% fibonacci retarcement) and we might see a strong drop in price below this level to our major support at 0.3744 (horizontal swing low support, 100% fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching our resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRP. I expect a fall of $ 0.315. A possible extension to $ 0.28After the last wave of the fall, which began on November 6, sellers could not reach $ 0.28. I wrote about this price more than once in my ideas. Throughout last week, the beautiful growth lasted and buyers have tested the global trend line of this coin, which can not be broken through for a year. Pay attention to what volumes buyers have come to this trend line and what volumes were in the story: With ease, buyers cured 0.45-0.48 $ with the same ease the sellers returned the price back. However, with the current attempt to grow, there is no such ease: At the global timeframe, this growth does not give me a nice impetus for volumes, and I doubt that with such volumes on this coin it is possible to break through the global trend line. In addition to the trend line, sellers control the price range of $ 0.45-0.48. In this price zone is the largest amount of volume in this coin. That's why for me this is the maximum growth of this coin. Then I expect a rollback. If we analyze the marginal positions of sellers, it is evident that they totally closed during growth: Therefore, I assume that such a beautiful growth without special volumes is the stop loss of sellers at market prices. Globally, this coin is in a new wedge: Therefore, there is a high probability of continuing the fall to the bottom of the trend line and the price range of 02.7-0.28 $. But first I expect a test of 0.35 and 0.31. In the wave analysis after the momentum of growth, we have the first wave of the fall and the end of its correction. Next, I'm waiting for another wave of the fall, which is at a price of 0.35 = 0.618 * a, and at a price of 0.315 = a: Before the fall, the omnipresent growth of up to 0.41-0.42 $. Depending on the nature of the fall, I will decide if there is a probability that sellers will try 0.315 and the price will go below or not. So far, I am waiting to work out my goals.
BITFINEX:XRPUSDShort
by P_S_trade
2
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.4018 (horizontal overlap resistance, 61.8% fibonacci extension, 23.6% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.2523 (horizontal swing low support, 61.8% fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop!XRPUSD is approaching our first resistance at 0.4018 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.2523 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching support, potential bounce!XRPUSD is approaching our first support at 0.3070 (horizontal overlap support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.4066 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2%, 23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets