XRPEUR - boring timesIt's boring day on crypto exchanges.
Currently we are in this 3 days long channel and nothing seems to be happening. This is our breakpoint area. If we'll get above 0.1777, we could reach 0.21-ish and probably also some higher price. There will be resistance at 0.20 on the way up.
If we'll break to the downside, we could find some support at Support 1 area, if not, other two supports are marked.
XRPEUR trade ideas
XRPEUR - parallelismXRP broke previous one month long trading channel and is looking for support. Could it be somewhere around 0.166? This is also close to 61% Fib retracement level of the last rise.
If we apply the same channel (green-ish one) bellow previous one and mirror the previous highest price reached to downward, we get interesting idea. Which will work only if we don't break 0.166 or any price level in the future on that tiny parallel line below the second channel.
Let's see what the future will bring to us.
XRPEUR Prediction - Release the Bull SWELLXRPEUR is starting to form a nice triangle with a strong support at 0.198 EUR . We should expect one or two more cycles and then if the support will hold we will see a strong bullish movement. We can expect resistance at 0.236 and 0.256 EUR.
STEEMIT FOR THE MOON !
XRP/EUR Symmetrical triangle morhped into a descending triangleThe symmetrical triangle from the previous analysis morphed into a descending triangle. This descending triangle is indicating a bearish signal. But we can see that the upwards volume is increasing at the lower boundary of the triangle. Which is indicating that we will probably see a price increase in the next few hours. After the 'small' increase we will need to see if the buying pressure is strong enough to break the resistance of the descending triangle.
If the bulls are strong enough to break the resistance layer.. than we're probably entering a horizontal channel.
If the bulls are not strong enough then we might be on a way down..
XRPEUR Analysis of BasesWhen we look on the hour grap for the last 14 days we can see two clear bases. One at 0,201 EUR and second one at 0,168.
If the base at 0,2 will keep holding we might test the the resistance at 0,224 and at 0,234. If not the next big can be found at 0,168
Ripple has been very unpredictable in the last several days. At first it jumped to 0,23 EUR Afterwards it fell Rapidly twice and now it is consolidating before another sudden change.
Since the Torono Convention is coming up in 3 days i beleive we will see extreme sudden changes in the coming days. (Source Convention: ripple.com )
For newest announcement from Ripple you can have a look at twitter.com
XRPEUR (8h): Fib 1.62 (0.22 > 0.33 EUR 50%) short term possibleRipple / EUR: Short term Fibo 1.62 possible (0.33 EUR)
At the moment there might be a nice possibility to trade with Ripple short-term. Ripple behaves quite well after Fibo. Therefore, a rise to 1.62 could well be an option . Regardless of this, Ripple Long-Term is an interesting option to go long.
Possible targets: > 0.25 EUR > 0.33 EUR > long term 0.5 EUR and more
Let's see what happens. Happy trading. :-)
See also:
XRPUSD - Chart Sept 16
XRPEUR: repeated pattern/trend?Similar pattern as
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are heading
How this progress/news will reflect on the actual future XRP value i'm not sure. (if at all)
Although the news is mostly positive, Ripple is recently sued by R3 so lets hope this turns out well and we get some good action from that.