Ripplebtc
XRP: Descending Wedge Breakout Analysis 1D (Jun. 12)X Force Global Analysis:
In this analysis, we look at XRP's BTC pair chart on the daily to assess a potential bullish breakout scenario.
Analysis
- The first thing we note is the descending bullish wedge we are trading in
- XRP is consolidating within a descending wedge pattern, looking for a potential breakout
- Moreover, a bullish divergence has also formed, with lower lows on the price, and higher lows on the Relative Strength Index (RSI)
- The Stochastic Oscillator is at oversold territories, looking for a potential golden cross
- While the MACD's bullish histograms are decreasing, it has nonetheless formed a golden cross, and the potential death cross could be negated by a breakout
- However, we are currently trading below the 20 Simple Moving Average (SMA), and a break above that moving average is necessary for bullish confirmation
- Moreover, for the past few weeks, Bitcoin has failed to break and close above the Ichimoku Cloud resistance
- For a breakout to lead to a bullish rally, a break and close above the Ichimoku Cloud is imperative
What We Believe
While XRP has shown weakened momentum and price movement, technicals demonstrate potentiality for a breakout. The Ichimoku Cloud resistance is extremely strong, but a break and close above those levels could lead to a bullish rally.
Trade Safe.
XRPBTC is forming bullish Butterfly | Upto 113% move expectedHi friend hope you are doing wel, This time on weekly chart XRP with Bitcoin pair is forming a harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00002028 to 0.00001548 sats
Sell between: 0.00002400 to 0.00003300 sats
Stop Loss:
The potential reversal zone area that is up to 0.00001548 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 113% and as per above mentioned stop loss, the loss possibility is 23%
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
XRP SketchXRPUSD can be seen to be sitting on the ascending scallop, further breakdown of this scallop is likely. A 'ballsy' move would be to buy up the scallop, in hope that it doesn't break down.
XRPBTC can be seen to be in a falling wedge, looking for a breakdown then breakout
On the USD pair im also just having fun with the curved lines, no harm.
On the BTC pair I would like the next upward move to form the leg of the W
XRPBTC 3-Day Entry Zones
3 day chart shows a clear ichimoku cloud acting as resistance from XRP rising against BTC. Blue boxes indicate entry positions for XRP with a 200% upside potential to previous levels.
Price is currently testing significant long-tern support level. A break below could see price drop to the next major support level at 33% drop.
Update on XRP: Huge breakout coming in 2020Hello,
it's time to take another look at the sleeping giant XRP.
XRPBTC has been doing a gigantic falling wedge since 2 years now, and the wedge could potentially still drag on for almost the entire year 2020.
The latest possible date for this huge breakout will be November 2020.
It of course depends entirely on what BTC is doing, because all alts are just still following BTC mostly.
If BTCUSD hits the old all time high of 20k earlier than expected, we should also assume that XRPBTC will have the breakout sooner.
Last time, XRP only started going vertical AFTER BTC hit the old all-time high, so in early 2017 the first pump, the second big one in early 2018.
If XRP does a double pump feature again this rally, it could go something like drawn here.
Now what does this mean for XRPUSD?
It means we'll stay mostly flat for the whole time until BTC hits 20k, so in the range 0.15 to 0.5 USD. Hard to say where exactly, but in this channel.
I don't think it will make a new low, because BTC probably won't fall much any more.
For XRPUSD this means, the first pump could go as high as 3-5 USD, the second one then (when BTC is at 100k), up to a maximum of around 50 USD sometime in 2021.
XRPAs you know, I have been doing analytics and watching market tenders in TradingView for a long time.
These days I've seen the first good growth signal in the XRPBTC pair that continues for now, but we also remain near the bottom.
Today I want to show a long-term chart of XRPUSD.
As you can see, I made the same resistance lines as in the first correction in 2015, and after breaking through the main resistance line we adjusted and then went to update the global highs on the left side of the chart.
A little to the right in the chart, we see a similar situation when after a breakout through the resistance line, XRP moved above it in correction and testing mode. Now we are starting to grow.
Let’s have a look at how the coin will behave itself.
If something happened in the past, it is not necessary to happen in the future.
I am neither a moon boy and not in the Ripple army. I made this chart for those people who like this project.
Dear followers, the best "Thank you" will be your likes and comments!
Best regards, EXCAVO
XRPBTC vs XRPUSD Review 17/04I've just checked check Ripple (or XRP whatever you like ) and I can say ... what there's nothing interesting about it.
Two pairs for comparison: XRPBTC and XRPUSD .
Have no idea when XRP will be $589 but it doesn't feel like anytime soon.
> BTC pair looks better, 120days near the support but doesn't fall below. Long from 0.00002520 btc looks good in R:R terms.
> USD pair looks bad, because we don't see any significant pullback on chart from May 2019. And it still printing lower lows.
Summing up, I see some reasons to long XRPBTC pair (maybe even now, just buying spot, i.e without leverage) but USD pair doesn't look interesting from the any side. And not forget that XRP could pump really hard with BTC rallies.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
XRPBTC BULLPEN OPEN!!No oped on this one -- figured I'd keep it short & sweet. Head & Shoulders indicator coupled with massive volume surge led me to dig futher.
Green Horizontals represent TP1-3 with TP3 a midterm sweep.
Red horizontal worst-case stop.
Markt VOLATILITY: HIGH
Keeping this publication NEUTRAL as next move is contingent on BTC price volatility.
Risk/Reward: 25/75
BB / KC / VOL / Sqz & RSI all seem to bolster this bullish breakout (long overdue IMHO) as XRPBTC has been looming around trading sideways since the middle of last quarter.
Peace & Love all
@A1mtarabichi
RippleSymbol: XRPBTC
Ready to see how this closes on the 13th for a weekly close. I'm liking the potential of these signals. Curious to see how alts play with this btc sell off.
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XRP/USDT the target is the same.Hello traders,
XRP/USDT is inside a uptrend channel and now is facing a important resistance level, that we can reject that level and test the uptrend channel support once again.
Another possibility, is that we are within a bullish accumulation pattern at level, and the breakout can happen soon.
At any case we expect the price go up, and target is the same for both scenarios.
Please push like button, follow us on Tradingview and on Telegram.
Best regards, Sandro and Gustavo.