XRPEUR trade ideas
Possible Inverted C&H formationPossible Inverted C&H formation.
Watch for brakedown of the trace line.
When to buy Ripple?Ripple has touched 0.50.
Could be a bottom.
Looking for a bounce between 0.6250 and 0.60.
Stoploss is in the red zone (0.55 - 0.50)
xrp idea
This if happens, will see the 200 EMA supporting the trend.
on a longer shot we could even see there a huge cup and handle forming from last ATH -0.38%.
Too early to say.
trade with caution.
XRP touching the bottom ? #xrpthestandard #xrp #rippleEven with goods news, new partnerships, good Q4 report, xrp is still very correlated to BTC which is bearish since BTC futures , let's admit it ! Though i believe that we touched the bottom,
unless we get more bad crypto news in Korea.
Robinhood app listing XRP and open trades in february may help the bulls coming back :
techcrunch.com
Coinsquare, the equivalent of coinbase in canada is doing the same in february :
ripplenews.tech
Coincheck refunded his customers after the hack of Millions of XEM tokens. Even if it shows that crypto market's security is still weak, it sends a good signals of trust to future customers.Even if their platform get hacked, they may not lose their tokens :
www.bbc.com
For the hodlers, Here is a video of barlinghouse "a huge central bank may want to use XRP to settle" :
twitter.com
Happy trading !
XRPEUR (KRAKEN)will this be the future of xrpeur? u welcome to tell me what i´m doing wrong in this chart.
XRP has broken the bearish trendline.As already forecasted in my previous post, XRPEUR had a chance to break out of the bearish trend. And I'm happy to report, this has happened today!
There is still some resistance ahead of us and time will tell wether or note we'll be able to break it. The first one is around 1,11 EUR, which caused it to trend sideways last week. It also aligns with the purple EMA 50, and the 78.6% retracement line. With the current movement, I expect it to reach that level within the next 24 hours.
Good news is, as long as it doesn't fall back to under the previous trend resistance line, the way to 1,47 EUR is open again. But the next couple of days have to remain cautious.
As with all crypto, XRPEUR will remain fragile to FUD as you can see that the news of the Korean government has heavily broken the trend line on the 15th of Jan, only to have it recover 3 days later back into the same bearish trend pattern.
XRP is fighting hard to break the trend, but will it succeed?XRP is challenging the current trend wave ever since last week. If it breaks the trend in the next 12 hours, €1,23 is in sight. Otherwise it could keep falling along the trendline to potentially €0,82 by the end of this month.
As it also didn't succeed in breaking out at the end of the triangle I think it is very likely that it will continue falling.
Fibble the Ripple 2,20 -> 0,62 -> 4,20Let me explain: I just tried to get the right boundaries for future fibonacci circles and then *insert magical formula here*.
Disclaimer: This is no financial advice, etc.
XRP re-test of 0.72 EUR before Friday ?More selling pressure on cryptos all over the last 24 hours. With the CME futures contract expiring Friday we could re-test the lows.
BTC could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins.
XRPEUR could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH.
Definitely don't break the lower downtrend (red)
Updated XRPEUR Support, bullish breakoutI updated the support line. I still think we will see a bullish breakout around 24th, There are too many good news about XRP, the only thing causing all this trouble is the crypto regulation in Korea in my opinion !
Be patient guys and happy trading.
XRP EUR 6 MONTHS PREDICTIONThis is my persona opinion of Ripple / Euro
I think in the next weeks it will be starting a new Elliot Waves 12345.
The highest price (7.00 euro) before July 2018
XRP consolidate may get bullish again in the following daysLet's be honest, there is so much good news about XRP, it's amazing, what we are seeing in charts right now it's only "noise" made by small investors taking the week profits , koreans mostly.
Anytime soon Q4 will push the bullish momentum higher.So in my opinion it can only exit the falling wedge from the top !
Happy trading~
ripple trend reversalThere is possibility that xrp is escaping it's downtrend. For the last day or two it was caught in a falling wedge, the upside of which being that a breakout is typically upwards. And that just happened, supported by bullish divergence. There is however still a larger downward channel in which xrp is trading, and it has to escape that to be able to start somewhat of a recovery. If that happens, it might retrace up to 1.95 euro
EWT Correction: bearish wave B followed by bullish wave CI expect purple wave B will go the full way to the end of former wave 5, which corresponds with the resistance line of the downward channel, the 0.5 fib speed resistance and with the support line @ 0,786 fib (= 0,786 €, what a coincidence ;) ). As wave B always consists of three subwaves it already could be counted as this but it is also possible that we will see a test of the support line @ 0,618 fib (= 1,23 €) inbetween the next days before it will go down to 0,786 € (yellow ABC). Therefore, this trade is very tricky and you could end up in a bulltrap (yellow (b)) when the downward channel is broken upwards inbetween.
The next critical point is the end of purple wave B as then a decision has to be made. The price has been on the upper downward trend channel since around a week and could possible fall near to its centre, which would be at around 0.21 €. Personally, I do not think this will happen regarding the XRP news but as markets do behave psychologically most of the time, nothing is impossible.
Regarding the recovery happened around the same time in the last years, I am positive and think we will see the purple wave C testing the support @ 0,5 fib (= 1,54 €) which corresponds with the end of the former wave 4.
There are 2 entry points and both are above the breakthrough of the downward channel. Either on beginning of the yellow wave (b) (be aware of possible bulltrap as described above) or on the beginning of purple wave C (long position is shown in the chart).
(This is no financial advice, etc.)
Ripple soon to hit the green cloud - going up?Possible very short analysis. Ripple is at the higher fibonaci support line, trying to break resistance.
However, its moving up and also trys to break the bearish downtrend.
I see the green ichimoko cloud, which would bring an uptrend. We will see if we can hit the next 1-2 fibonaci niveaus within the next hours to days.
Good luck everyone!
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