Ripplebtc
Ripple (XRP) primed for a bounce???Ripple (XRP) sure looks primed for a move. Looks like it could be a sextuple bottom at this .00004 level. The two red arrow areas look very similar as well in their chart setups from the last bounce. I could definitely see a nice move coming. If it falls below .000039 that would be bad and I wouldn't mess with it because there isn't really much support below, but its at a very logical place right now for a bounce.
XRP/BTC: Pure DistributionIt can be seen that ripple has had a double top, which is noted in the chart in light blue. This form of double top is known as an Adam and Eve double top with a V top for the first one and a massive rounded top for the second one. The rounded tops or bottoms are some of the strongest most reliable patterns because they indicate a long duration of either distribution or accumulatio (with this case being distribution). The price objective which can be seen as the light blue arrow is a conservative one with a minimum price objective of around 2000 satoshis, (it can be noted that I did not accurately measure this to create an even more conservative price objective).
In addition, I indicated the current support and resistance as the green and red box, respectively, it is important to note how weak ripple is right now because it was unable to reach the breakout price of the double top which was about 6100 satoshis.
I think ripple has changed its mindSo people, i think ripple has bottomed out because of the strong reaction we saw today as it reached the red line on the chart. The indicators are for thee most part bullish and with the way the king (bitcoin) is moving we are likely to see a rally upward. As a careful traders you might want to wait a couple of candles to confirm
XRP 4H chart update XRP 4H chart update
Ripple pulled back to forecasted support and bounced from 4664. Now most probably little pullback to 4700 and than growth towards previously given targets.
Previous post text from Telegram channel:
Support at 4650 - 4750. Possible retracement there.
Targets: 5100 - 5353
Breakout targets: 5630 - 5800
@CryptoTrades #XRP #Ripple
#XRP $XRP - LOOKING LIKE SHIT! HeheA lot of people like to compare XLM with XRP in regards of price structure / price action and i completely disagree - xlm has been good to me recently and xrp has not
As you can see if you compare this chart with the XLM chart i just posted prior to this, XLM appears to have much more demand and a much better price structure whereas XRP looks like it is going to test its previous lows again if it breaks the current horizontal it is sitting on
Not sure if any of you have looked into QNT, but imo it will absolutely fundamentally crush XRP and i do personally believe XRP is not going to do well as a long term investment for hodlers - please be careful
ripple is about to explodeI have been longing this coin for a while now, hope this move happen before July so that my position do not get closed automatically by Bitmex casino.
$XRP, I feel money hereI really enjoy reading rumors about MoneyGram and Ripple. But mostly I trust my experience and the TA.
Strong support LVL ~ 4000 sats
Strong resistance LVL ~ 10k sats
The price right now is trading around the floor that give a trader a convenient opportunity to open trade with low risk and high reward.
ENTER ~ 5250 - 5300
Stop Loss ~ 4800
TP 1 ~ 7500
TP 2 ~ 10k and higher
Good Luck.
Ripple/Bitcoin (June 6) #XRP $XRP #BTC $BTCOur last signal for XRP has given us a very good profit when we bought the bottom area of 4000sts. Currently, XRP is showing two possible possibilities. And we can take risk at 5100 and expect the RED arrow case to happen, target is 8000. If this RED arrow is wrong, we only lose 2% and wait to buy in the 4500 area according to the PURPLE arrow
On Balance Volume (OBV) vs Price of XRP MASSIVE Disconnect!If we take a look at BITFINEX:XRPUSD we see that we are currently sitting at around 10% of the all time high in price.
When we compare this to On Balance Volume we see that we are currently sitting at 75% of the all time high, this is a MASSIVE disconnect!!
On Balance Volume measures the net inflow vs outflow of money into an asset, as we can see in the last pump that BITFINEX:XRPUSD has there was a HUGE amount of money that came into the asset, all while price only moved a little in comparison.
WHAT DOES THIS MEAN?
It means that there are some HUGE bulls buying Ripple, these same bulls do NOT want the price going up meaning they are in accumulation phase..
It also means that there is not a lot of money leaving BITFINEX:XRPUSD and the same can probably be said for BINANCE:XRPBTC
there are just not many sellers interested at this level.
I would keep a close eye on BITFINEX:XRPUSD moving forward as there are obviously some very rich and powerful people in on this coin, and when they want something to go up.. it goes up.