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Ripple's Bollinger band squeeze marks big move incomingWe've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger Band. Give uncertainty a kick in the pants! Judd Armstrong CryptoniteTV.com
POLONIEX:XRPUSDLong
by TheUnlistedProject
Ripple Getting ReadyXRP has been underperforming compared to BTC for all of 2019. On April 2, a sudden sharp sell-off increased the decline to an even steeper rate than beforehand - this level of about 7540.5 sats is an excellent midpoint candidate and suggests we'll bottom soon with brief spikes possible below the 4358 sats level. If this plays out I suspect it'll mark a turning point for many alts to outperform BTC for some time since BTC has had a good solid run lately without many alts following suit.
Long
by CryptoBanker
Possible bull flag formation 1hr timeframe. Observations: Daily: Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion) 1hr: Possible bull flag formation. Support .35500 Resistance .37999 Currently watching equilibrium forming within flag, the break will give us a better idea where the market is heading. Game plan & possible scenarios: Moderate risk: Entry at pole break .37999 (Top box depicted in the chart) Moderate risk in my opinion given the amount of fake outs we've seen in the past, also would be buying at the top of the current channel that we are trading in. if this trade is taken, I will only enter with a small position(10% to 15%). STOP LOSS: set below 1hr support at .35500 Moderate risk: Entry at bottom of the flag close to support .35500 (2nd green box depicted in chart) Moderate risk in my opinion, given that we are close to the support. If this trade is taken, I'll be entering within the green box (25% of my total position), and watching the equilibrium. A bear break will have me exit the trade, a bull break will probably have us retest or break .37999 STOP LOSS: Set below 1hr support.355000 Low risk: If support .35500 breaks, theres a chance we re test the bottom of the channel (3rd and last green box). Low risk in my opinion, given how close we are to the daily support. If this trade is taken, Ill be entering close to daily support with a stop loss under it, given that is low risk my position will be bigger(50% to 75% of capital allocated to this trade) Disclosure: Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
by jemk88
I don't like $XRP but I like free money - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's Trade Corner! Today, we will take a deeper look at XRP and what it might have in store for us. Lets jump right into and look at the structure that we are seing right now. We are clerly seeing a rising support or what you would call a series of higher lows. This is indicating us already an important part of an uptrend. The specialty here is though, that we have two rising supports, which give us basically a rising buy zone in between each of them. Next, we see a clear descending resistance for the whole chart, which in essence is a series of lower highs. These two finding combined give us triangle or wedge formation. A wedge formation has a higher chance to break upwards than downwards. One more really important thing that I see here is that we are trending down and basically forming a faling wedge since CHRISTMAS!! This is crazy and XRP had no extreme moves during that time. Not even right now where almost every imaginable coin started pumping. This could either mean that XRP is dead, or that we will see major action relatively soon. So, we have a small downtrend (falling wedge) since Christmas, lets take a look at the volume!! Is the direction backed by the volume? No. Chart is descresing, volumeis descresing as well, meaning less and less people are incentivised to sell right now. Having these bullish signs, I will open up a new trade based on that. Now, one of the most important things about that is the STOP LOSS. Where should it be? A stop loss shoudl be at an invalidation point. Now, the invalidation point of the rising buy zone OR the possible double bottom? Here, remember the rule, after trendlines are broken, we need to break horizontals next. Meaning by that, the STOP LOSS should be below the possible double bottom, while you still have buy orders below the rising buy zone. This trade has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
Long
by KongTrading
XRPUSD | W1 | BULLISH — The beginning of the end?Analysis – XRPUSD | W1 | BULLISH The market is currently at an important key level, Ripple is one of our favourite coins due to it’s practicality; it’s functionality and appliance to today’s society with implementation in financial institutions – catalysing, and offering a more efficient network to transact money. At the same time this is a very simple analysis. In terms of behavioural analysis price has formed a bearish pennant ; This typically means that price shall breakout with bearish momentum—yet the supporting trendline has failed to be, and also NEVER been broken. Price is currently in accumulation / a demand zone – it is inevitable(?) that price shall explode regaining control by the bulls. Please do not expect this to be the inauguration of the next “bull run” however. Price shall only increase with stabilisation & sustainability; longevity requires trust and the intricacy of market sentiment. This analysis also offence confluence in terms of a positive correlation coefficient to a bullish BTC . This is a simple analysis on what we should expect to happen in a normal market – yet, this isn’t a normal market and within the infancy of cryptocurrency it’s only normal to expect unprecedented volatility . Please note this is not financial advise. Thank you.
BITFINEX:XRPUSDLong
by IBNE4BBAS
XRP POTENTIAL SELL OFF - DESCENDING TRIANGLE FORMATIONNOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... As drawn there has been a bearish descending triangle that has formed on the 4H and 1D time frames. Sorry for the late delayed post, the price has reached the first price target (I accidentally forgot to post this when I first identified this setup!). and COULD reach the second region highlighted (around 0.30300USD) or look to turn back to the upside. - Scenario 1: If it goes towards the downside, XRP's price could reach the region around 0.30300 USD. This idea is mainly being projected from the 1 candlestick meltdown from the descending triangle , which could mean there is space for more. Moreover, on the 1D RSI , it is still not currently oversold, so there is more potential for this pair to melt on the daily time frame. - Scenario 2: As RSI states it is currently oversold on the 4H around the 30.0, it could signal a reversal towards the upside following a strong sell-off from the descending triangle . If so, the first major price projection to the upside would be retesting the resistance around 0.32200, and if this is surpassed, then towards the 0.33475 region. All resistance and support regions have been clearly marked in the blue coloured box. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
BITFINEX:XRPUSDShort
by ShaunLeo35
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