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Ripplebreakout

XRP primed for a 74% move as key technical pattern matures Ripple continues to with the uptrend following a break above the stubborn resistance at $0.5. An ascending triangle pattern eyes a massive upswing to $1.12. Losses under $0.5 may see the bearish leg extend back to the 200 SMA at $0.35. Ripple is nurturing an uptrend aiming for new yearly highs. This upward movement appeared after the cross-border token overcame the stubborn resistance at $0.5. Meanwhile, XRP is doddering at $0.57 amid the persistent push by the bulls to overcome the near-term hurdle at $0.6. The Relative Strength Index shows that XRP is in the bulls’ hands. At the time of writing, the RSI is in the overbought region in the wake of liftoff from the oversold area. As long as the indicator remains in the same position, we are likely to see Ripple continue with the up-trending market. Simultaneously, Ripple has printed a vivid ascending triangle pattern. This pattern is bullish and usually results in a colossal breakout. It is formed by two trendlines; one connecting the relatively equal peaks and another linking the ascending lows. A breakout comes into the picture when the price slices through the horizontal line (x-axis). Triangle breakouts tend to have exact targets measured from the highest to the lowest points, as illustrated on the chart. As for Ripple, price action above this technical pattern would result in a massive upswing, targeting a multi-year high of $1.12. Some resistance is anticipated at $0.65 and $0.75, however, once eliminated, XRP would commence the majestic uplift. If push comes to shove and the expected breakout fails to come into play, we can expect XRP to delay the ongoing uptrend. Losses under $0.5 will seek refuge at the 50 Simple Moving Average on the daily chart, the 100 SMA, and the 200 SMA. Ripple intraday levels Spot rate: $0.57 Relative change: 0.036 Percentage change: 6.8% Trend: Bullish Volatility: Low
BITFINEX:XRPUSDLong
by CoinGape
1
XRP draws closer to 30% downswing amid deteriorating technicals Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575. A breakdown to $0.3 is anticipated, especially if the triangle pattern's lower trendline is shattered. Ripple's uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575. The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on keeping the price above $0.4. However, if the price slices through this area, massive losses will be triggered, primarily because of the formation of a symmetrical triangle pattern on the 4-hour chart. The chart pattern is created by converging a couple of trendlines, linking sequential declining peaks and troughs. Generally, the trendlines are supposed to cross at an approximately equal slope. The formation brings to light a period of consolidation ahead of either a breakout or a breakdown. A breakdown occurs under an ascending trendline and identifies the commencement of a downtrend. On the other hand, a breakout happens at the descending trendline and indicates the start of a bullish trend. Symmetrical patterns tend to have precise price targets for the breakout or breakdown, mainly measured from the highest point to the pattern's lowest point. Therefore, Ripple will drop by 30% if the lower trendline is smashed. A spike in volume usually confirms a breakdown. The downswing also tends to be rapid and must, therefore, be timed accurately to make the most out of the move. Note that traders must way for confirmation to avoid false breakdowns. On the flip side, the downswing may be ignored if XRP holds above $0.42, ignoring the triangle breakdown. Moreover, trading above the upper trendline will catapult Ripple 30% to $0.575 and perhaps jumpstart the breakout to $1. Ripple intraday levels Spot rate: $0.428 Relative change: -018 Percentage change: -4 Trend: Bearish Volatility: Low
BINANCE:XRPUSDShort
by CoinGape
1
XRP prepares for massive swing to $0.65 as technical improve Ripple rebounds after support at $0.37; all eyes target $0.65 in the near-term. The improving technical picture suggests that bulls are back in control. If the immediate resistance at $0.5 is not broken, XRP may embark on the breakdown to $0.35. Ripple dropped like a dead weight in the air amid the declines on Monday and Tuesday. The widespread losses left no stone unturned, with the majority of cryptocurrencies posting double-digital losses. XPP could not secure support and the 200 Simple Moving Average (SMA) on the 4-hour chart, culminating in losses under $0.4. Before the ongoing rebound, the cross-border cryptocurrency established support at $0.37. The high congestion of buyers at this level paved the way for gains above $0.4 and the 200 SMA. Currently, XRP is dancing at $0.49 after stepping above the 50% Fibonacci retracement level taken between the last swing high of $0.66 to a low of $0.36. A comprehensive glance upwards shows that Ripple bulls are looking forward to breaking the confluence resistance around $0.525, formed by the 61.8% Fibo, the 100 SMA, and the 50 SMA on the 4-hour chart. The bullish narrative has been reinforced by the Relative Strength Index (RSI) as it heads towards the midline. A break above 50 would encourage more buyers to join or increase their positions in the international money transfer token. Note that trading above $0.525 could trigger massive buy orders, creating enough volume to support an upswing to $0.65. It is worth keeping in mind that XRP’s expected rally to $0.65 may fail to occur if the short-term resistance at $0.5 remains intact. A correction from current levels will retest the support at 200 SMA. If push comes to shove, the bearish leg will extend to $0.37 (recent support) and $0.35, respectively. Ripple intraday levels Spot rate: $0.49 Relative change: 0.02 Percentage change: 4.5% Trend: Bullish Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
2
Ripple Is Set To Rip Hearts AwayMy last short term Ripple idea was a bit off key but the larger analysis remains in tact for the most part. The current Leading Diagonal formation is promised to have an extremely deep retracement. To find out the exact target of the super sized zig-zag, we can simply apply the Fibonacci tool to the A wave down (big drop on the red wave) --- oops, the fib tool doesn't show on 'ideas' for whatever reason ;( A zig zag typically has the following targets for the ending C wave: 100% of A 1.618 of A .618 of A Also, C wave mostly always goes beyond the bottom (or top) of the A wave. Considering the height of the B wave (current up wave in also in red), C very likely will NOT end at the .618 target (as it won't be below A). The difference between 100% and 1.618% is literally like 2 cents. Either way, the next big target will be below .30, likely below .25 as well. The rebound will push Ripple over $1.00 and beyond. #BuyTheFear
BITFINEX:XRPUSDShort
by DigitalSurfTrading
4
XRP- Time to enter again? 💸Hi guys, my main concern here is not to be a top author although it is a cool feeling. In November/December I was actually Top Author on Ripple but then i gradually just stopped posting XRP ideas.. you see, my main concern here is to be useful and appreciated. 🙇‍♂️ At the same time I had mostly 'bad news' mostly and some people take ideas 'against their investment' in a negative way. Noe let's get on the chart: Ripple showing some momentum and i believe it has the potential ow to test the 0,80 dollar mark. Given that new started coming out from SEC we could expect some (hopefully) good news and a boost on the price. Everything else is doing well, maybe Ripple is next to 'fly'? Remember: I had bought and sold at a perfect price . I have now bought a bit more again. So expect more posts to follow ☺️ One love, the FXPROFESSOR
BITSTAMP:XRPUSDLong
by FX_Professor
6
XRP poised for a massive move as $0.75 beckonsRipple confirms the uptrend after closing the day above $0.5. XRP may flip massively bullish if the 61.8% Fibonacci resistance is broken. A correction will come into the picture if XRP loses the support at $0.5. Ripple price continues to use the recent support at $0.35 as the springboard back to $0.75 (new yearly high). The cross-border token has remained persistent in the battle for recovery, keeping in mind that it lags behind its peers due to the uncertainty it faces regarding the ongoing lawsuits. The Security and Exchange Commission (SEC) in the US wants it to be categorized as a security token. However, Ripple Labs Inc., the company that issues XRP and its top executives maintain that the token is a cryptocurrency just like Bitcoin and Ethereum. As the brawl continues in court, XRP is on a mission of breaking barriers. Despite being pumped and dumped a couple of weeks ago,  Ripple seems attractive to investors, perhaps due to its low price compared to BTC and ETH. At the time of writing, XRP trades at $0.56 after extending the bullish leg above the critical level at $0.5. The least resistance path is upwards based on the short-term technical picture. For instance, the Moving Average Convergence (MACD) has reinforced the bullish narrative as it moves higher in the positive region. Moreover, the MACD line (blue) rests above the signal line, suggesting that XRP has a formidable bullish impulse. The upswing to $0.75 will start to materialize as soon as Ripple closes the day above the 61.8% Fibonacci retracement level, taken between the last swing high of $0.75 to a swing low of $0.34. This the immediate hurdle and needs to come out of the way for XRP to flip massively bullish. On the other hand, a correction will come into play if the resistance at the 61.8% Fibo remains unshaken. Selling orders are likely to increase, especially with investors preferring to exit amid the uncertainty in XRP’s market. Previous support levels at the Simple Moving Average and $0.35 will come into handy to stop the losses. Intraday levels Spot rate: $0.55 Relative change: 0.025 Percentage change: 4.8% Trend: Bullish Volatility: Growing
BINANCE:XRPUSDLong
by CoinGape
Ripple price recovery steadies toeard $0.75 Ripple holds the uptrend in place following a rebound from the primary support at $0.35. XRP must break above the 50% Fibonacci level to sustain the recovery eyeing $0.75. A correction will come into the picture if XRP’s upside remains capped under $0.5. Ripple is making a gradual but steady recovery after recently suffering a big blow. The cross-border token was pumped massively early last week although it immediately dropped like a stone in the air. The bulls took refuge at $0.35, assisted by the 50 Simple Moving Average on the 4-hour chart. Meanwhile, XRP has regained the lost ground above $0.4 and is currently battling the crucial hurdle at $0.5. The steady recovery is happening even with the lawsuit filed by the Securities and Exchange Commission (SEC). The regulator alleges that Ripple together with its top executives sold unregistered tokens to investors. Ripple maintains that the XRP token is not a security but this lawsuit and other class-action cases filed against the blockchain startup claim the firm breached the Securities Act. At the time of writing, XRP is dancing at $0.49 and is almost hitting levels above $0.5. Trading past this crucial zone could be a turning point for XRP. More buyers are likely to join the market as their confidence in recovery rebuilds. Simultaneously, Ripple will have to settle above the 50% Fibonacci retracement level to confirm or validate the expected upswing back to $0.75. The Moving Average Convergence (MACD) is making subtle hints that XRP is having a bullish impulse. It is essential to keep in mind that the uptrend may face other hurdles at $0.6 and $0.7 before running further up toward $1. Failure to break above $0.5 and settle beyond the 50% Fibo may attract increased selling orders. Therefore, XRP is could break down toward the 50 SMA and $0.4. If push comes to shove the bearish leg may extend to the primary support at $0.35. Ripple intraday levels Spot rate: $0.48 Relative change: 0.015 Percentage change: 3.2% Trend: Bullish Volatility: Low
BITFINEX:XRPUSDLong
by CoinGape
3
XRP UPDATE: BULLISH SIGNS IN ASCENDING CHANNELXRP is in an ascending channel & I believe we just confirmed the bottom of this channel ($0.38) which also happens to be a simultaneous back test for support of the top of the pennant we broke out of yesterday -- all very bullish signals in my opinion! Additionally, the MACD & stoch have coiled up and look primed for a big movement up. We will likely see a bit of resistance in the lower $0.40's as we come into the top of this ascending channel, but given how quickly and powerfully the price increased over the weekend (pre Reddit dump), I don't think there's any doubting that we are getting closer to a BIG movement higher --- and please God let's sustain the price levels & quit crashing back down so hard haha Cheers & Good Luck out there, XRP Community!
POLONIEX:XRPUSDLong
by buylowsellhigh89
Ripple Prepares for Massive ShreddingI usually pay no mind to XRP but since BTC was so terribly slow today, I found myself with a little free time, so here we are. This is a long term outlook based solely on Elliott Wave theory. After Ripple’s March 2020 swing low near $0.10, the market delivered a Leading Diagonal formation which produced a super deep Wave 2 correction. Leading Diagonals (not including internal Zig Zag diagonals) give us the signal of directional change. With Leading Diagonals we can also expect a strong, possibly extended Wave 3. Considering the relationship between Waves 2 and 4, with W2 being supremely deep, we can expect W4 to be much more shallow (and less frightening. Granted, this is a long term outlook - all rules remain the same. Maybe it’ll be late 2021, maybe it’ll be early 2022 but Ripple looks to plant an All Time High near $10, in due time. Currently under $0.40, this may sound like an absurd prediction. Elliott Fiinacci don’t lie though 😊. Before Ripple takes off for the sky, the ABC correction for Wave 2 of 3rd must be completed. It also looks to be a very deep correction (expecting sub $0.30). See my prediction for this correction below. Trade wisely. Play it safe or play it smart.
BITFINEX:XRPUSDLong
by DigitalSurfTrading
3
Ripple price poised for another retreat before resuming uptrend Ripple suffers under the worst pump-and-dump schemes, making recovery an uphill battle. XRP is likely to revisit lower support levels, perhaps to $0.3 before resuming the uptrend to $1. Ripple has recently undergone the worst pump-and-dump situation in its history. It is believed that a Telegram group with over 200,000 members was responsible for the pump. However, it appears that XRP whales were ready to cash out and exit the project that had probably locked their funds since the breakdown in December. At the time of writing, XRP is doddering at $0.38 after falling sharply from $0.75. The barrier at this level cut short the expected liftoff to $1. On the bright side, the 50 Simple Moving Average on the 4-hour chart came in handy and preventing the cross-border token from plunging further. Meanwhile, XRP bulls are working around the clock to break above the resistance at $0.4. However, another daily close under this level may see a selling pressure surge. Support at the 50 SMA ($0.34), might not be strong enough to hold the token in position. Thus paving the way for a further drop to the 200 SMA around $0.29. The Moving Average Convergence Divergence appears to have validated the bearish outlook. This indicator follows the trend of the asset and also measures its momentum. The MACD can be used to identity buy the dip and sell the dip positions. If the MACD line (blue) crosses under the signal line, it is best not to enter any new positions, perhaps sell. On the other hand, a cross above the signal line suggests that it is time to buy. In this case, the MACD divergence under the signal line is still wide. Thus calling for caution because XRP may retreat some more before a significant trend reversal comes into the picture. Ripple intraday levels Spot rate: $0.38 Relative change: 0.01 Percentage change: 3% Trend: Sideways Volatility: Low
BINANCE:XRPUSD
by CoinGape
1
XRP - Good news Bad news Good news is that 'at least', the 34cents support worked out again. Bad news is recent failure to rise over 65cents and off course, to make things even worse, it dropped like a knife from there to 34cents. Ripple is super volatile and the key is patience and trading strategy. personally I like Ripple for it's volatility but the range 34cents to 60cents is a big one and one needs to be mentally prepared to deal with such a trading environment. At this stage i bought at 34 and already taking some profit but I want to see 60 cents again soon and that's when it will be time to attempt a short. This will continue for as long as the SEC situation exists. It will take time for things to be clear again. remember my very first post on Ripple XRP: It was not and never will be Bitcoin. Click on play and it will make prefect sense.
BITSTAMP:XRPUSDLong
by FX_Professor
2