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Ripplebtc

#XRP #RIPPLE updated +384% target $8.89 Feb-1stConsidering that the last couple weeks in crypto has had a bit of bleeding in the markets, let's review my updated chart. First, we disregard the first major rally and consider it was smart money getting into the market. Second, the rally beginning shortly after the start of the smart money entry point, started Dec 12th and ended Jan 4th for an increase of +384%. The volume of the last 10 days has been heavy with selling, however, the prices have really not fallen much. This tells us that the price of Ripple seems to be on pretty solid footing. Compare it to the high buy volume for the 30 days prior and the price increased significantly. Considering the second rally of +384% for the All Time High (ATH), we see that the Fibonacci retracement levels show we are just touching on the -61% fib retracement line at the current levels. This is generally the end of the consolidation period after a rally, meaning we are due for the beginning of upward movement again. This is a very common occurrence in the crypto markets. If new money comes in and our volumes are similar to the prior rally, it's very likely we'll follow a similar course of growth with the +384% target of $8.89 (down from my prior target of $9.90 before CMC removed Korean exchanges from their market cap calculations). Also, the pitchfork is something I drew before analysis today. I figured in the 3 key points, first high and current lowest low. The interesting part here is that that pitchfork actually comes in very close to my estimated target for the upcoming +384% rally to $8.89. I've heard no major news or new rumors yet about Ripple, Tron, nor Verge, so I'm not sure when these coins will start this rally, I can only guess it could be very soon, possibly within the next few days or so. I think the markets have bled enough for this period and we should see things bounce back up here shortly. However, if they don't, then it could be a sign of a new long term downtrend like I experienced in the Bitcoin market in 2014. As a new trader then, it was difficult for me to believe that Bitcoin was in a downtrend after we hit the ATH of $1100 just a couple months before, so I always return to that thought and keep in mind that there will be a reversal at some point that will lead to a long term downtrend or winding down period, but I don't believe we are there just yet. I think we're actually on the early end of the upswing, similar to the time when I made my first investment in Bitcoin when its value was at $100. I still think Bitcoin could go to 10x its current value before we see a trend reversal, but only time will tell for sure.
BITSTAMP:XRPUSDLong
by Tin.Foil
92
RIPPLE (Correction continue)Hello Traders! The Correction phase, do not over. We accurately predict, weak decline, then rebound, creation of balance and after that Strong Uptrend! ------------------------------------------------------------------------------------------- Personal gratitude! Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be careful with Ripple, cause of adverse fundamenatl factors! "Hi, do you think that with the low market volume of last days is compatible with a trend break this week in both Ripple and BTC that have been severely punished by the impact of news from Korea last week? The volumes are approximately 15% of those operated in the first week of January. The trends will be defined I think when the money returns to the market I think. Tks." We are sincerely grateful to you! Respect! Big thanks! Best regards, team traders "Powerful Traders".
BITSTAMP:XRPUSD
by POWERFUL_TRADERS
3
Pennant Pattern on ripple, Building UP.We can clearly see Pennant pattern building on ripple, Since the volume is giving the bullish sign and trend says so as well, will go up probably , the question is when. We should look for a break above resistance signals that the previous advance has resumed. If in case goes bearish , look for a break below support signals that the previous decline has resumed. Thumbs up if you agree. Just a learner. Constructive criticism is always appreciated. Thank You.
Long
by cryptodoob
2
Ripple #XRPBTC - end of correction? rocket gains ahead?The Ripple XRPBTC cryptocurrency made a nice correction of three waves back to the level of the previous wave four of a lesser degree with (a) = (c) equal legs and a stroke of exactly 1.61 level (in line with previous expectations). This is really a perfect configuration in the Elliott wave theory and exactly what we are looking for in trading setups. Currently, cryptotraders must wait for confirmation of the lows, which will come with a break of the channel's resistance line (around 2.40) and make sure the price will make a break above 2.80, (impulsive up trend resumption level) which would confirm that Ripple is returning to an up trend. If Ripple goes below 1.60 for any reason, a new wave scenario will be needed.
BITSTAMP:XRPUSDLong
by sebastian.seliga.7
49
$XRP.X Ripple H&S Fail but possible rebound at 50% FibI posted earlier that Ripple was breaking through the top channel and could at worst test the bottom of the lower channel. Since that action I have taken another look at Ripple to provide an update. This chart is a little busy but it is mostly to help cover a question a trader had on my previous post. A clear Head and Shoulders was formed and the neckline broken. What should give bulls some confidence is the 50% Fibonacci Retracement that was bought at three consecutive pullbacks near 0.00012191 Satoshis. If I were still in this trade and had a short term view then a stop below the 50% Fib Retrace would be me absolute max pain level. Good luck
by TheBossTrader
$XRP.X Ripple has the potential to hit bottom of lower channelAt this point it is obvious that Ripple is in a downtrend and some are recommending to buy it now but I think that would be a mistake. Based on the chart it has the potential for much more pain in the short term and could possibly test the bottom of the lower channel. In addition Ripple has broken below the 200EMA and I would consider it a no touch until the dust settles. Based on the current decline a buy point could be around the mid 0.00011 Satoshis. Good luck.
by TheBossTrader
6
XRP Where's She Going??I believe XRP will break support and head down before resuming the is bullish uptrend and here's why (keep in mind this is the XRP/BTC pairing). If you look back at price XRP it has a history of returning back from whence it came. Typically after any significant move on XRP we've returned to price levels prior to those moves. However, I don't believe this time we will see a complete return to pre-run up pricing given 1) the droves of folks getting into crypto now, 2) rumor on coinbase listing, and 3) new partnerships ripple has made. My retracement zone is 11000-10000 satoshis with the 10K being on the bottom-side of that obviously. On the 15, 30, and 45 min charts, we've seen a cross below the 200EMA and have not been able to sustain a cross back up this EMA. On the 1HR we've hovering just above the 200 which i expect to be broken this evening (1/6) or through the night. If we get a break of the support zone with a close on the 4HR or above below that level, we'll move down to my expected retracement zone before resuming back up. However, as with anything this is not an exact science, so we could see some consolidation at current levels before a move up or down. A 4HR or higher chart break and close above the prevoius 4HR resistance on the chart will see a retest of all time highs before heading to target 1. In general i'm very bullish on XRP and will be buying more in either case. Maybe i'm just hoping for a dip to buy up a little more. :)
Long
by Crypto_Sid
19
Watching: Potential Head and Shoulders on XRP 12HLower volume on the head than the left shoulder, then lower volume on the right shoulder than the head. Neckline slanted up, though not certain yet. Need another 1-3 12H candles to confirm, and seeing a candle close below the neckline would be proof in the pudding. Right now its still possible we see a rally and a continuation of the recent uptrend (would want to see a clear break above the left shoulder to mark this), and even if this is a head and shoulder we could see a return to ~19k (height of left shoulder) before the eventual drop. Too early to tell just yet, so I'm personally not selling, but will be watching closely over the next 24-36 hours.
by cryptomayne
2