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XRP / Euro

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XRPEUR trade ideas

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.)
Long
by tarzibou
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! If you found the analysis helpful you can leave a tip: LTC: LbRxAQoMs9dW6qbGZKNfWvaDWVbVWv5VtD BTC: 1EqaH8jRtDQhPPJBtiVGCLQo6jXiNSBgs9 XRP: rULZj9YxU99u2ZBU2Ph3wPFfhQGuub6nyV
Short
by productno80037
XRP needs to break 1.2 EUR to see further upsideXRP has retested its 78% retracement today and bounced again. It is now in an uptrend going up to the downtrend from that major retracement. We want a break of that downtrend, around ~1.2 EUR to see further upside to 1.7 EUR. currently the "stop and reverse" (dots) shows stength, the MACD is showing uptrend and we are at the top of the boilinger band. Looking good, the next 4-8 hours will tell us way more. Note that a break of 1.2 and retest of 1.7 should move the MACD on the daily in a uptrend which would mean much more upside. The graph on the 4hour is even more interesting with MACD just about to cross and the middle of the boilinger band just around the downtrend. 1.2 will be an important test.
by sebfoobar
6
XRP retraced to 78% fibonacci level might bounce to 1.7in EUR: On january 9th the daily MACD lines crossed giving a strong sell signal. XRP proceeded to correct to the 78% fibonacci level, computed from the big pre-christmas advance that started the 0.2 to ~2.7 run. There is now a small bounce on the 78% fib level, it could go up to the middle of the boillinger band around 1.7 , but before that it needs to break the downtrend resistance. Watch for a break above 1.2 before going up to 1.7. PS: I played the dead cat bounce at 0.75 eur which was retested today.
by sebfoobar
2
Ripple Giant.The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,a web developer in Vancouver, British Columbia. The Ripple project is actually older than Bitcoin itself. Fugger conceived of idea the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money. All money in Ripple is explicitly represented as debt, with transactions simply consisting of balances being shifted on a series of imaginary credit lines from the payer to the receiver. Fugger's first iteration of this system, RipplePay.com debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network. This led to the conception of a new system by Jed McCaleb of eDonkey network, which was designed and built by Arthur Britto and David Schwartz. In May 2011, they began developing a digital currency system in which transactions were verified by consensus among members of the network, rather than by the mining process used by bitcoin, which relies on blockchain ledgers. This new version of the Ripple system was therefore designed to eliminate Bitcoin's reliance on centralized exchanges!!... Use less electricity than bitcoin, and perform transactions much more quickly than bitcoin. Chris Larsen, who had previously founded the lending services companies E-Loan and Prosper, joined the team in August 2012, and together McCaleb and Larsen approached Ryan Fugger with their digital currency idea. After discussions with long-standing members of the Ripple community. Up until now Bitcoin has been, by far the most powerful contender in the cryptocurrency market. So I explain the idea how they Create it this new CryptoCurrency now i would like to talk more about Market and how this thing work's and for all those new investor's and new guy's who are here investing and creating panic with thier Ridiculous Comment's. So Right now i will explain you in some steps how this work's. I Know a lot of them Think this coin only will stay 1-3$ Beacuase is ''Bank Coin''. We see a lot of Investor's who are afraid and they are afraid from one pullback and they sell all of them cuz they think the market will go only Uptrend. Biggest Mistake of all New Investors that they make, trust me the market will never go only Uptrend so it will has downtrend is the market thing that does. So People i just wanted to share my idea and experience i have in market. Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that from banks perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security. XRP is the third largest coin by market capitalization.
Long
by Izimisinii