XRP continues to look weak and could revisit breakout zone! Ripple continues to look weak and after breaking below the supply zone and finding resistance at the trendline , XRP might want to revisit the demand zone below! This, of course, can be negated if we get higher and close above the trendline but more importantly the resistance zone.
Check chart for annotations!
Thanks guys
Ripplebtc
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
Time to short XRP/BTC - 500% profit potential on 10x leverage!Big Short Fractal is in play near the cloud!
Looking for 100%+ Fib-Retracement since last Bottom and Top!
Targets:-
1) ~0.00006963(0.618)
2) ~0.00005693(0.786)
3) ~0.00004937(0.886)
4) ~0.00004075(1.000)
If you are too much long for the short :p
5) ~0.00001957(1.28)
XRP trying to resume its run if it can breakout here! Ripple continues to remain pegged down by this supply zone and the EMAs as it tries to break out from that descending trendline. The lower trendline has been adjusted and we can see that it has tested near it multiple times and is now attempting to break past resistance and make its way back to the FIB level or the supply zone above.
MACD seems to be signaling bull action as both signal line and histo are trending bullish as of now while RSI found support after breaking resistance and continues to trend upwards. We are also still sitting at a major POC area so until we break out of this, we will continue to bounce around.
If Bitcoin does break higher here, we can see relief for altcoins including Ripple so keep an eye on that!
Thanks guys
XRP NEEDS to hold this support zone! XRP has broken down from the triangle and cut through the demand zone where it now finds to be resistance. EMAs have now started to turn over and are about to crossover bearish.
MACD continues to trend lower but the histo is creeping up a little while RSI did break above the resistance line but seems to be losing steam and might return back under and proceed lower. The safer trade here would be to wait for a break lower of this supply zone and take a trade on the retest having targets set at the FIB level, which is near 0.43.
Thanks guys
Ripple / Bitcoin Long term Analysis**Double click the price line to show the chart since its on log scale.
XRP made an impulsive move in the beginning of 2017. The arrow shows the impulsive leg since then it has been a big monthly correction.
First drop from the high of may 17 was the A wave of the correction. Currently we are in wave B which is looking like it will form some type of flat structure.
I'm using the regular flat for my forecast but depending upon the where the C wave goes it can either be a regular flat where it come to retest the high of a or it can fall short form a contraction flat with truncated wave. This possibility shouldn't be ignored while trading even though its not as probable as the regular flat.
From here, I expect xrp to do a big corrective structure and then take off once more to retest those highs of jan 18 to complete the final leg of flat structure forming the B wave of larger degree.
Following which we should get another impulsive leg down to test the lows of nov dec 2017 and break them before this correction can be considered complete and XRP can start a new impulse up.
Ripple Maximum Down trend as Projection toolRipple Cross line 4th January 2018 Down fall started, horizontal Cross line show a maximum up trend after down fall of ripple
Now if we see as projection area from maximum down support 42221 to Resistance 11772 up trend end.
as projection third point touch a Support 71017 if down trend is continue then maximum down fall at 71017
we follow now short trade for short term because to Fundamentally to many news available about Ripple.
Bottom up trend line show a bullish trend after falling on support 71017.
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XRP - Last HOORAH?!Ripple broke past resistance this weekend testing areas of supply before getting rejected at previous SFP highs and moving back down into once a resistance zone. There wasn't much volume on that move up but the rejection volume down into the support level did garner a rise in volume but held for now. This zone is key for any XRP move upwards as a break from this zone would cause a retest of the lower demand areas near $0.46. Break of the $0.437 areas could cause the price to make a full retreat back down to $0.39 however, we don't see that happening unless Bitcoin wets the bed.
Both metrics for the MACD are hinting bearish so far and the RSI sees to be trending sideways and hasn't given a clear indication of direction yet. Price is currently finding hard to remain above the 1.618%FIB level and a close below here could spell a revisit of the demand zone below.
Possible safe short scalp would be a break and retest of this demand zone all the way down to the FIB zone test on the last move down. Any longs would only be considered if we could get back above the $0.58 area.
Thanks guys!
TA on XRP/BTCDid a TA on XRP against BTC. I think XRP is overbought/overvalued right now because the market cap went up significantly within a short period of time. That said, it went below the consolidation point at the end of the triangle. Right now, I think its highly volatile and XRP price is very dependent on the PR/news releases right now. Being overvalued, I would recommend exiting at least half of the positions if you are holding any and let the other half roll potentially.
RIPPLE (XRP/USD) Possible Scenarios & Possible Targets!At the moment, Ripple' is one of the most discussed altcoins, it has made very good and profitable rallies.
Currently, we could see that we trade between the two levels, the May low which works as a support at $0.544 and the round number at $0.6 which works as a resistance.
Yesterday, we got a bounce upwards from the May low and it forms a bit sloppy bullish candlestick pattern called "Morning Star". The momentum pushed quickly down and the price stayed stable. This throwback (movement downwards) gave us an opportunity to draw a trendline from the Sept. 25 low point.
To confirm a bearish price action then a candle close below the mentioned trendline and below the minor trendline which is smoother, will indicate that we will see a little throwback. As you see on the chart, there is a harmonic chart pattern called "Cypher" and the cypher shows that the possible target (if we start to move down) is around $0.475, between the March low point and the $0.5!
To confirm bullishness, firstly, we have to take down the resistance at $0.6. One attempt was successful but this was a fake-out, the bears brought the price quickly back below the $0.6 and the attempt was failed. If bulls win this battle and Ripple' manage to break above the round number then the possible next target could be around $0.7 because between the breakout and the target zone is nothing remarkable which will harden the price movement.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and the latest crypto-news then please visit our site, the link is on the profile!
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Is Ripple Ready for another Impulsive Wave?Hey, I am back with another idea, this time looking at something else than Bitcoin, Ripple !
If you arent interessted in reading a lot , just scroll down to bold highlighted text where I point what is most likely to happen based on my TA.
I suggest read it whole, but I accept when someone wants to go straight to the point!
Ripple was very stable in september and price hovering around 30-25 cents and than the price wasnt moving at all. Ripple has shown strong stability and very low daily price change , thats when I knew, Ripple was ready to pop, shame I havent made TA here and only informed my group, but nevermind..
Ripple has shown a very strong move even trought the fact that XRPSHORTS have broken out so hard, and many people tried to push Ripple price lower , but unsuccesfully .
Enough talking , lets look at what Ripple past suggests, what is current situation and what moves is Ripple most likely to see next .
Lets go in Chronological order and keep it simple and compare Ripple past to current time.
The setup looks almost the same as last XRP breakout
Almost same % retracement from highest top to lowest level.
12h MACD found uptrend at high spot , same like this time .
12h RSI has found support right above bullish level 60 and sees uptrend, same like this time .
Will post comparisons in updates.
Lets look at current situation.
Ripple has seen strong runup, after which we´ve seen profit taking ,shorting, but the demand was really strong and Ripple popped right back from 44 cents to test 57 cents , which you may consider as current support (0.57$) and then remained pretty stable . Stability after runup suggests another runup may occur.
After that Ripple has tested key ressistance of 60 cents twice , unsuccesfuly but found support way high , which is good bullish sign , and its still uptrending !
What is my opinion XRP based on my Technical Analysis?
Most likely the 0.79$ breakout was just a first impulsive wave , 0.44$ as the start of third , longest wave.
Ripple has to break 0.60$ ressistance in order to break free and see another impulsive wave.
Target? End of wave 5.
If you liked this Technical Analysis, dont forget to leave a like if you find this TA on point, Thanks a lot!
Ripple (XRP) Conference is from 30th to 2nd. Short the rally.XRP is holding its conference from the 30th to October 2nd. Price looks quite good for another rally as it is testing resistance many times.
Looking at price action during the last conference, we can see price dropped 18% right after. While XRP may not drop that much, it is a good move to short the actual event as most times price drops after the hype ends.
Last conference:
Therefore, wait for the rally and short during the event. The price should not break 10k sats.
However, we are ready for all scenarios. If the price breaks the support, you may short:
Short:
7800 (close below)
Stop Loss:
Close back into range
I am hopeful XRP will rally so I can get a better short entry.
Short:
9180+
Stop Loss:
Manual (close above 9300 and price continues to be bullish)
10k absolute stop.
You may long here with a stop at 7800 but it is very dangerous. I would avoid longing XRP/BTC.
XRP - Decision time nears for RippleXRP continues to oscillate within this triangle/bull flag awaiting a move in either direction. We are currently stuck in a supply zone and have remained here for the majority of the week indicating consolidation before volatility resumes and we get a break in either direction.
RSI does seem to be testing resistance again, which does show some bullish pressure while MACD currently remains totally flat. It might be too soon to call a direction, therefore waiting for Bitcoin to move might be the smart play here.
Thanks guys!
Ripple (XRP) Let this coin move up, then short it. Buy and sell.Ripple will have a developers conference on the 30th this month, creating hype for another pump to 8000 levels.
However, I have been trading the king of hype coins, Tron, for over 5 months and I know that these rallies take place before the event, and after the event price drops very hard.
Therefore, we may set up another low risk short for XRP. You may wonder why I short only for XRP. That is because the risk is much lower if you get a very good entry, and it is very hard to predict the pumps due to it being a bear market.
This coin has been moving up on high momentum, so one last rally may be possible.
Therefore, long now
Long:
7813 (Current price)
I am using 100% of my capital with a very tight stop as this is a no brainer long.
Take profit:
Undetermined. Wait for a topping pattern or consolidation to form.
Short:
8300+
(Ideal entry is 8400, but it the top may happen above or below, so start scaling in.)
Stop Loss:
8700 sats
Alternatively, if we break 8700, that may mean another rally upwards, but that will almost certainly not happen.
Thanks for viewing!
XRP - Short still on and expecting lower! After the insane gains XRP exhibited last week, getting into a short position has been very profitable.....AT THE RIGHT PRICE! Shorts got BURNED hard trying to go against the trend ever since its breakout at $0.27-$0.28 to the highs around $0.80. As the MACD and RSI topped out, shorts could have been entered SAFELY on the second rejection of the supply zone around $0.625. Having stops around the SFP high would still have you in this trade and with Bitcoin failing to break higher, the odds of Ripple continuing lower are looking better and better. Target is set at $0.43 but lower could be possible if BTC completely breaks down from here. As seen on the chart, a heavy POC near $0.58 will be hard to breach as everything pulls back from last weeks run.
Keep an eye on BTC when entering as well as exiting a trade to not leave too much on the table.
Thanks guys!
Ripple (XRP) Chances like this come twice. Very safe short tradeXRP is retesting resistance, and there is a small chance it breaks through.
Therefore, we may short:
Short
9000-9400 satoshi (highest price you can get)
Stop loss:
9425 satoshi
Take profit
7300 satoshi (will likely not be hit, but we trail our profits so we can lock in gains and move on)
I will be shorting when the price is 2% away from my stop loss to limit my risk. We are risking very little for very much, that is why this trade is being taken. I can lose many times and one win will make up for everything.
If it breaks 9400, you may long after it finds support.
Thanks for viewing. I have made 5% on XRP my last trade, and over 10% on TRX, while 24% has been gained from Ethereum and currently locked in 0.4% on a BTC short in the past week. If you want to know the reasoning for some of these trades, please follow me. I spend a good amount of time planning these trades and there is no reason for me to share other than the fact I wish to view my improvements over time as well as document my progress.
I am currently short 9000. My stop is 9425. I will be adding more 9200.
Ripple (XRP) Rally looks to be done. Good short entry. XRP has not displayed a topping pattern yet, and due to the three rising methods, we have a 70% chance of breaking up. However, taking into account that we need to manage our risk, going short is the better option.
Using basic market theory, when all the buyers have longed, price drops. So far we have realized that there is still support for XRP at this level, but I have noticed big take profit market sells, so most the buyers have left. We also failed to break the 0.236 level, confirming my theory.
However, notice how each XRP rally goes to 0.5, then 0.236, before continuing down. So if we cannot break 0.236, that is our short signal.
Short:
8937
Stop Loss:
9420
If we do break 0.236 for real, you may enter long with a stop loss close to your entry. You must have a stop loss either way as this trade could make or break your trading account if you use a good amount of capital.
I am already in this short trade since 9150. My stop is 9420.