XRPEUR trade ideas
Short from hereI think this bull run will be sold very soon... And it's going to like the low of april. Or maybe it's straight to 0.32 euros from here..
[XRP] A global settlement asset - Retirement by 2021Not investment advice
My "trading" plan for the next couple of years.
XRP tends to move violently during a 30 day expansion period. It extends to the 4.76 fib extension and then consolidates/corrects for 200 days down 83% to previous all time high. On this chart I've plotted the trend to predict a possible path for XRP.
Fundamentally XRP is utilised mainly in the fin-tech software called "xRapid" developed and sold by fin-tech company Ripple. xRapid eliminates the need to hold nostro vostro accounts to provide liquidity. Today these accounts hold $21T dollars globally to facilitate settlement through correspondent the banking system.
Ripple also sells a messaging software called xCurrent which is disrupting the legacy correspondent messaging system SWIFT (1970 tech). xCurrent can source liquidity through xRapid and settle payments in highly illiquid markets in under 2 minutes. This is absolutely revolutionary technology.
Ripple's xCurrent software uses the Interledger protocol (ILP) which is being adopted as a W3C standard for payments routing (like the Internet Protocol (IP) is routing for data packets) the ILP routes payments packets to ANY ledger (bank ledgers, blockchains, mobile wallet and more) no matter the currency. In theory you could use Ether (ETH) to pay for a coffee, if the coffee shop's payments system implements ILP. There is no need for the question "Do you accept Ether?" it automatically routes the payment and exchanges the Ether to USD in a matter of seconds. The Interledger Protocol settles with any currency, but automatically finds the most efficient, cheap, liquid option which curiously enough Ripple believes is XRP.
Ripple employee Ryan Zagone is on the steering committee of the Federal Reserve's Task Force for Faster Payments , which goal is to upgrade the entire US banking system's infrastructure (Ripple/Interledger for interoperability and cross-border payments?)
Chris Larsen - one of the founders of Ripple and currently Executive Chairman - is on the International Monetary Fund's (IMF) Fintech Advisory Group as an advisor (again Ripple/Interledger for interoperability and cross-border payments?)
Maybe I'm going crazy, but I see XRP as the best investment opportunity of a century.
Now back to my 2020 T3 target of approximately €385
XRP solves many problems, but the first big $21T problem is the nostro vostro accounts used in correspondent banking using SWIFT.
€385 * 50B XRP (estimated circulating supply) = $23T market cap
I'll just leave it at that.
- Cryptocamp
Not investment advice
Ripple (XRP) - What happens next?Self explainatory. START BUYING RIPPLE. Emotional market cycle is so obvious here I really have no idea why people aren'r screaming to buy,buy and buy Ripple.
I don't care if you think that's a shitcoin. I'll be making money out of it nevertheless.
V
Réanimation processThe market die. A quick move to 0.25 seems to be needed for a reborn. I think a last rebound to 0.48 will happen short term, a dead cat bounce, before the last capitulation fall to 0.25 euro. It will be the buy opportunity of a lifetime.
Ripple buy opportunity RR=2.5Price is at and old weekly strong support tested many times .We have a bullish gartley pattern (pattern in purple) the D point has been tested twice ;Price may go up in order to test pevious important levels . I think trend will keep bullish for few days and may be for weeks . First potential target 0.6 (the 0.5 fib retracement of the last downward movement in orange) if stop losss placed at 0.42267 for this target you get a RR ratio=2.5
XRPEUR - Target .416?The correction (wave 4) we are in right now must be from wave 2-3 to reach a proper fib level of .382.
This far I can only count 3's withing the 4th wave indicating it must be a triangle.
Looking at fib extensions on bigger timeframes show confluent ranges around .417 - .421.
Also projecting the first wave as a possible ending 5th wave will result in more confluency around these ranges...
It's going down.2 more lower lows to come. First 0.445 then pullback to 0.473, then the last capitulation candlestick to 0.40 probably but not sure for this one... I expect it to be ugly. All that in 6 days or so... You can get out during a small pullback tomorrow to 0.495. Good luck guys.
My opinion !!This is just my opinion !!
I think the price will go back to about 0.30, maybe lower ;-)
Market is sooooo BULLISH!! BUY BUY BUY!!!Guys, little opportunities we have like this one.
Simetric triangle in 1 hr chart.
MACD and RSI also in a simetric triangle.
Triangle are in most cases a continuation pattern (4th wave or B wave).
XRP to go back to the floor ?The downtrend seems to be strong as the price has been rejected 4 times. I expect the price to go back to the pink support before a nice bullrun.
XRP LeakingMore pain on the horizon as the BTC plays out. The excessive exuberance of Nov/Dec 2017 is being corrected in this bear market. We won't be out of the woods for quite some time but that doesn't mean bottom fishing isn't far away, just don't go expecting instant massive gains. I can see XRP returning towards it's baseline then starting a new upward grinding trend. I'll be patiently waiting.
Symetrical Wedge & Elliot Wave on XRPEURHi,
A this moment XRPEUR is in a symetrical wedge.This pattern could be bullish or bearish.
I guess an Elliot wave has taking form and the third elliot wave is forming at this very moment.
So i'm expecting a huge resistance at 0.66. The first scenario (red) will drop XRPEUR, probably to the support at 0.50.
The second scenario, more optimistic will continue the uptrend to 0.90.
Sell : 0.65
Sell : 0.90
Stop loss : 0.53
thanks for your feedbacks !
XRP - Elliot Wave AnalysisXRP has completed 5 impulse waves up, now looking for a ABC correction.
A is working on the 4th wave, wave 5 will probably complete around .382 fib retracement level of 1-5.
If B retraces 61.8%, a 1 to 1 extension of A could be possible for C, touching the confluent zone around .50 fib retracement level of 1-5.
XRP - Finishing DowntrendXRP finishing downtrend. Wave 4 complete, ABC next, after last wave 5 down to trendline completing WXYXZ on larger timeframe.
XRPEUR Long-Term Theory with EW-FA 2013-2023 (n°4)Now switching a bit from the USD to the EUR my XRP theory (I am european after all). It's time to take a closer perspective of market movements, as we have so much news and so much "insider" info into the community flowing from all parts, that I can barely mention everything here. And as I am keeping on collecting and accumulating right now, like other $XRP traders in the community, I'm still mixed between 2 scenarios for the summer. Some uncertainties compells us to forgo our raw long-term perspective a bit and go zoom into closer $xrpeur charts and check what is going to come in June-July. We are now entering a strong test zone. In spite of the relative slugishness of the cryptomarket, there're some powerful magnetic attention right now on #xrp, at unseen levels maybe as we saw this week and as David Schwarz is currently on tour in Europe. I actually still expect a 3rd bottom to complete this overall april-may movement Top accounts still fillin'. My suspicions about the old Coinbase/Ripple drama received some tremendous confirmations this week. We can picture more and more clearly how liquid the XRP ecosystem will get in the future. More important, we saw this last week how even the bitcoiner-maximalist mainstream counterculture started to diminish, as several multi-K's cryptoyoutubers who used to snipe at Ripple and XRP came back to their senses and publicly acknowledged that they unwisely misjudged this technology.
The Aston Kutcher thing at Ellen Degeneres show on CNBC was some crazy stuff, even for us in the community. I am a complete foe to these sorts of talk-shows, but objectively, the exposure that the live 4 M $ donation brought on Ripple and XRP is so tremendous that you can litteraly see a huge surge in Google's trend searches, to the point that Ripple/XRP's results were nearing Bitcoin's. As a polyvalent analyst, these kind of statistics means a lot. But, apart from the donation/mainstream marketing aspect of things, it took me some time to get the real, powerful, deep and bold message so ingeniously sent by Ripple to the high-income/management investing/banking/trading public who also watch these extra-popular talk shows. The thing I didnt realized at thing glance with Aston Kutcher's live transaction was that it was basically a XRapid operation, processed in seconds from USD to #XRP to Rwanda's Francs (RWF), which is a pretty high friction corridor. As I often say, as a west-african trader/investor who knows all kinds of struggles dealing with cross-border payments into such areas, every aspects of the innovations Ripple has brought are crystal-clearly telling me how this technology just started the Internet 3.0, the internet of value, a way to ease and democratize money as a decentralized protocol...very much like the idea of the Internet itself ! That is why every David Schwarz speech is so important, maybe even more than any speech of any Ripple speaker, even if they basically have the blockchain/fintech dreamteam in this space and that they're all brilliant at what they're doing. May was such an important month, as we saw how Ripple's masterminds, many years ago, already reach a consensus about how they would solve, not only the pure infrastructural issues of the global banking and payment industry, but also resolving a problem that litt. not any of the +2000 basically useless cryptos existing at this time thought about : interoperability. The Ripple technology is 10-15 years ahead this blockchain space. Not only the tech. Simply the concept.
Ripple is about this institutional payment side and this decentralized digital asset side, connecting them together, taking institutional payments from financial institutions that are all regulated, doing all the KYC and everything… and then on the other side, you've got this digital asset that anybody can hold and trade, and we can prove that you can connect those two things together to build a sort of global liquidity pool. - David Schwarz, TNW Conf., May '18
