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XRP / Euro

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XRPEUR trade ideas

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
XRP/EUR buy from 1.60 targets 3.50 then 4.50 then 7.20 EuroXRP has been retracing a bit after a nice bullish run. For a change I have made this XRP/EUR chart because XRP gets traded against more and more fiat pairs, as well as other cryptocurrencies. Maybe also my European XRP followers are waiting for this update. As everybody normally shares the USD or BTC chart of XRP. We can see a clear retest of 1.60 from where new buying can come in. Fibonacci shows me the way towards extension levels 23.6 and 61.8 and 161.8 which through history are very accurate. This lines up with the prices of 3.50 Euro, 4.50 Euro then up towards 7.20 Euro for the next legged move. Like this you will see XRP keep on going making new highs.
Long
by TradeReact
#XRPEUR has been building up a solid uptrend channelHello all, According to XRP prior moves, this is one of the cryptocurrency to pay close attention to this year. We can see this crypto has been building a solid uptrend channel against the euro and it's likely to break the 4H linear resistance. Once the linear resistance is gone the next ceiling can be expected at the channel resistance again. That area shows perfect confluence with the measured move as you can see. Before we call yellow bananas the swing high needs to be broken. Most of you traders know we don't care about fundamentals and in the crypto world this is even more important. It's all about coin strength, team, potential and supply vs. demand. Good luck!
Long
by Valesco_Trading_Group
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