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XRP / Euro

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XRPEUR trade ideas

Ripple still bearishRipple is consolidating now, but the coin is still bearish as it is still moving in the channel (blue lines). Ripple can change the trend to bullish only if it brakes the channel at 0,68 Eur and at least 3 other indicators are possitive (RSI, MACD, MFI, Trend continuation factor,..). For the confirming the uptrend Ripple has to cross 200 MA at 0,74 Eur. I think that ripple will not cross the channel as the indicators (RSI, MACD, MFI, Trend continuation factor, CCI) are not possitive enough for the trend change. The support at 0,45 Eur will be tested soon and if broken, we will move further to 0,35 Eur and finally to 0,22 Eur till 14 days. As all altcoins copy the trend of Bitcoin, we have to carefully watch this coin...it will set the trend for the whole market. If we take into account recent negative information for the crypto, the end of Bearish trend is unlikely. The goal is to be calm and do not let the emotions influence own trading decisions based on previous analysis. This is only my trading idea. It is not a trading advice...I am not a professional trading advisor.
Short
by Tomas_9
XRP / Leading to a new bounce ?XRP could bounce up to at least 0.8 (EUR) tomorrow afternoon/night (UTC). I think the worst part of this early year is now passed and that we're on an upping trend . We saw kind of a resistance around 0.6 (EUR) and we could consider the last little green candle as a confirmation of this upping trend idea. WARNING : do not forget to consider 2 possible scenarios and so, to consider my idea as wrong and to prepare yourself for a possible down due to any news that no one can predict. Stay safe. I drew this one hour ago, waiting for something I consider as a confirmation to publish my first idea.
Short
by MommyToldMeToNotBuy
4
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 !
Long
by ElTrapo
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.
by JunbugNL