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XRP / Euro

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XRPEUR trade ideas

XRP Price increase after good news + Koreans market recoveringHey ! This week, we may see another official XRP news, it could be the second partnerships, household names or Q4 2017 report. Also i suppose the FUD and fake news about Korean banning crypto starts to be forgotten and Koreans will be back in crypto, especially XRP which starts to have use case in Korea and Japan mainly. Also if you check on coinmarketcap : global crypto market cap at same period of time in 2017 has the same shape as 2018, and so the global market cap started to recover after 15th January 2017... No need to say that all this is speculation guys ! ! Happy Hodl and day trade, I wish you to earn as much as possible ! Cheers~ Driimo.
Long
by ElTrapo
Overbought, no supportXRP is going through a tough phase, as is the entire market. However there will be two possible outcomes: 1) XRP is regaining support and purchasing power will drive it to a positive outbreak (green meets red line) with a following upward swing 2) XRP is staying at current overbought status and will take a dive (orange meets red) The latter is currently much more likely due to the fact that the entire market is tanking and no groundbreaking news really facilitate the interest in XRP. If you have open positions now would be a good time to liquidate them and buy back at a later point.
by sumpunk
XRP bullish setup (m30/H1)After tremendous bullish run, Ripple entered correction phase and formed another Wolfe-wave. Really high stopping volume at points 3 and 5 are confirming the validity of the pattern. It is possible that the price will retest the recent low and will form double point 5 or even get to the indicated support line. If this is the case, it'll form another wave which is still bullish in nature. If not, the price will stay within indicated blue pattern and will continue the already established uptrend.
Long
by OceanBlue
Whales or an organised Pump and Dump?I've recently come to the conclusion that there are Pump and Dump occurrences taking place in the market, whether it's organised or just one seller, I don't know. I've highlighted one such area where the price just shoots up and suddenly drops as soon as their limit is hit in what I believe is be a pump and dump strategy. As a result there is a lack of confidence in the market as to the legitimacy of price increases and people are now less inclined to buy, which is why the price has flat lined. This is probably not the first time this has happened. I'm still long so writing this is probably a bad idea but I just wanted to hear what other people have to say on the matter. I do however think it will go up in a week or so, depending on when the next announcement comes.
by mo.gavzey
More downside for XRPThis chart is in EUR. While most want XRP to go very high, I see more downside on the short-term. I believe it will hit 1.37 eur support towards the bottom of the boillinger band. This could be the completion of a corrective ABC as a 2 leg in 12345 uptrend. The MACD and SAR on the 4 hour is bearish. On the 1 day, the MACD has crossed over showing more downward pressure, so further downside to 1 EUR is not out of the equation either. I would trade XRP very carefully right now.
by sebfoobar
H&S in indecisive market: 1,20 to 0,80 and even lower?I painted a more optimistic path but as you can see the last weeks could be seen as big h&s and it could likely fall to 0,80 or even lower. If you look closely you can also recognize that if we have a optimistic path in short term to the purple B the C has to end around the 61,8 fib zone (better would be around the green support line) ... otherwise the purple 2345ABC-forms another h&s that leads to a further drop which in my opinion contradicts all fundamental data about XRP and the impact it will have on the internal financial market. But charts are charts... so be aware holding too long.
Short
by tarzibou