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XRP / Euro

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XRPEUR trade ideas

XPR Triangle Pattern Trend & Breakout imminent As I am sure you are all aware, XPR has been performing strongly over the past month. The market had moved higher , trending strongly for a couple of days, testing the $0.30 resistance bands on 18th October with a high of $0.31, followed by a correction down to $0.23 being completed on the 24th of October. After this we see the clear triangle pattern with highs between +8 / +11%, please note the narrowing range before the brake out point was reached on 23rd of October -10.08%. Thus failing to form a continuation of this trend...or so we thought. The market rallied soon after with +11.29% and helped push back up towards the moving average. With Swell just around the corner, Wednesday, 6 November - Friday, 8 November. Expect this trend to continue into next week with breakouts testing the $0.35 & $0.40 marks. Regards EWH
Long
by elonwashere
6
20191026 XRPEUR Open Long PositionsHi again, So, it seems there's more to go in this new movements we have. I saw the inverse head and shoulder coming yesterday and study the volume behavior both XRP and BTC. It seems the algorithm, sentiment, what ever you want to call it it is repeating. So we may expect new uptrend coming up in the next hours. So, for one side we have that, you may see it in Volume, and we have a clear M formation or Bullish Butterfly. It's like a new re accumulation process. And for the other hand we have the Fibonacci Retracement to support the fractal or harmonic in place. Red arrows indicate the volume so pay close attention in your charts. I believe it could do the arrows movements once again, maybe not. We will see. In any case and personal opinion, time to start setting multiple long positions. If drop then fibonacci orders setup for more profits. Hope this helps you out. Remember this is personal idea and not investment advice. Cheers! Charter X
Long
by CharterX
20191017 XRP Possible Target and MovementsHi there, I know it sounds a lot presumptuous to try to guess what could be target and how XRP it's playing the cards and why it has been moving the way it's moving, so as usual, this is personal idea and not Trading Advice! Use as your own risk. I believe they are trying to touch the 0,3 euros area and there's a really good explanation for it. Not because that's a good number or else. it's because what i will explain in the next update. There are going to be ups and down, etc. So be careful. I must say that i've been surprised how they have managed to do it without break down a lot, even in moments when btc have been going down at some points. i'm surprised cause i've been studying XRP for more than a Year by now and they have changed after fall of btc last year in November and a couple of weeks ago i have seen really good moves between RSI and Price. You may have notice that RSI have been going down but price going up. Or some indicators of Head and Shoulder but it havent break down. I wont be surprised that there's a deal between coins because of the movements between pairs but that's another just a theory. Maybe Ripple finally may have found the way to get pass through all sells and new algorithm to make it stronger than it was. Time will tell us but anyway, hope you fin this helpful or interesting to meditate and how to trade it. Ill update in a mins, just need to prepare some graphics. Cheers to all! Charter X
Long
by CharterX
Yearly Support Looks Really GOOD on XRPI must say, the bounce from the 0,21 XRP/EUR pair, same on XRP/USD Looks really solid. Target of 1 EUR, just above 1 USD looks really good from here. If it might drop lower, almost any level looks like a good buy, but do your own research. Swell event is upcoming and Ripple already put out some positive news on XRP now ODL (On Demand Liquidity) and might have some big announcements upcoming on Swell and towards end of year and further. Take care and feel free to comment.
Long
by TradeReact
1