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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 rejected at $0.75, can this crucial support hold? Ripple's massive breakout hit a critical barrier at $0.75, capitulating short-term holders. Ripple must hold the 50 SMA or $0.34 key levels to avert potential losses toward $0.3. Closing the day above $0.4 could see XRP jump toward $1 as investors’ stream back to the market. XRP flew the bullish flag above the cryptocurrency horizon from late last week, the weekend session, and on February 1. It was a perfect storm (staying in an elongated consolidation) for Ripple’s community. Our analyses in the previous weeks had predicted a breakout to $0.5. However, Ripple proved it a conservative target, hitting levels of $0.75 for the first time in 2021. At the time of writing, XRP is doddering at $0.38 after a sudden sharp fall from the February 1 highs of $0.75. The support anticipated at $0.7 and $0.4 failed to rise to the occasion, leaving bears completely in control. In the meantime, the 50 Simple Moving Average has come in handy, limiting a breakdown under $0.34. It is essential that this support holds, otherwise, XRP may continue with the freefall back to the dominating levels in January (between $0.25 and $0.3). The Moving Average Convergence Divergence continues to reinforce the pessimistic outlook, especially now that the MACD line has crossed under the signal line. In other words, recovery will not be a walk in the park and more losses will come into the picture before buyers can control the cross-border token. A comprehensive glance upward suggests that Ripple may soon renew the uptrend if the price closes the day above $0.4. Such a move would call for more buy orders as investors rush back to the market in anticipation of another run-up toward $1. Ripple intraday levels Spot rate: $0.38 Relative change: 0.01 Percentage change: 2.5% Trend: Bearish Volatility: Expanding
BINANCE:XRPUSDShort
by CoinGape
XRP preparing for a big move to the upsideLooking at the XRP/BTC chart. XRP looks very undervalued compares to bitcoin. Last time when XRP touched this level it skyrocketed to the upside, in 2018. And we are again, at the exact same level, trying to cross it in 2021. And with r/wallstreetbets and DOGECOIN pump last week. Twitter and reddit is getting excited for a XRPPUMP on 1st Feb 8:00 AM Est. Things are lining up pretty well, from my point of view. If people really buy it and hold it tomorrow, we might cross this level on this chart. And, if it crosses this level, I'm hoping it is going to set another all time high. And XRP setting an all-time high and BTC, ETH, DOGE all at their all-time highs. I think it will trigger the alt-season. * NOTE: These are my personal views and not financial advice.
by luckyEggs23376
Ripple Price Nurtures A Potential 63% Breakout To $0.5 Ripple stuck in consolidation while waiting for a breakout to $0.5. The immediate upside is limited by the 200 SMA and the stubborn hurdle at $0.3. XRP’s expected uptrend may fail to occur if the price drops under the symmetrical triangle. Ripple has for a long time been in consolidation following the massive breakdown in December. The extensive freefall came after the United States Securities and Exchange Commission filed a case against Ripple Labs Inc., for selling unregistered security tokens. Ripple eyes a breakout to $0.5 At the time of writing, XRP is doddering at $0.279 in the wake of a minor recovery from last week’s slump to $0.25. Slightly above the current price levels the 200 Simple Moving Average on the 4-hour chart caps movement. For now, the odds impulse is in favor of the bulls as reinforced by the Relative Strength Index. A break above the midline will encourage more buyers to join the market. If enough volume is created behind Ripple, we are likely to see a breakout above the symmetrical triangle. Note that the symmetrical triangle is created by two trendlines connecting a series of lower highs and higher lows. The trendlines converge at a relatively equal point called an apex. Simultaneously, a breakout above the upper trendline line results in a significant upswing while trading below the triangle culminates in extensive losses. Breakouts or breakdowns from symmetrical triangles have an exact target, measured from the highest to the lowest of the pattern. Thus, XRP could soar to $0.5 if the price spikes above the triangle. However, the 50 SMA and the 100 SMA may absorb the buying pressure. XRP also needs to overcome the resistance at $0.3 to sustain the uptrend. On the flip side, losses under the triangle would result in losses as low as $0.087. Other areas of support to keep in mind include $0.25, $0.20, and $0.17.
BINANCE:XRPUSDLong
by CoinGape
2
Ripple price prepares for a 47% explosion Ripple reclaims two key support levels at $0.25 and $0.27. XRP/USD is awaiting a massive liftoff on breaking above symmetrical triangle resistance. Ripple fell victim to the selling pressure in the cryptocurrency market on Thursday. Like Bitcoin and Ethereum, XRP lost a significant amount of the gains accrued over the last couple of weeks. Moreover, vital support levels like the 200 Simple Moving Average and $0.25 were lost during the freefall. However, Ripple has begun looking bullish again after reclaiming ground above $0.27. On the upside, bulls focus on regaining the lost position above the 200 SMA, but the most significant milestone will be to step and settle above $0.3. The bullish outlook will be validated if XRP fights for a breakout above the symmetrical triangle pattern on the 4-hour chart. This pattern is created by drawing two converging trendlines to connect a series of sequential peaks and troughs. Usually, the trendlines meet at a relatively equal point referred to as an apex. Breakout or a breakdown is expected from this pattern. Breakouts occur when the price lifts above the upper trendline, while a breakdown happens on sliding under the lower trendline. The price target for either a breakout or a breakdown is measured from the highest to the triangle's lowest point. Therefore, if XRP spikes the triangle on the daily chart, we will likely witness a 47% upswing to $0.445. It is worth mentioning that the breakout might fail to occur if the hurdle at the 200 SMA remains unshaken. The triangle could as well result in an opposite and equal move to $0.14. For now, consolidation and holding above support at $0.27 is key to the uptrend.
BINANCE:XRPUSDLong
by CoinGape
1
Ripple price long-term picture screams buy despite SEC woes Ripple gets ready for a huge liftoff despite the uncertainty posed by the SEC lawsuit. XRP is about to break a symmetrical triangle resistance, likely to give way for gains toward $0.48. Ripple is still trading under $0.3 despite the massive bullish signals as covered on Monday. Whales are currently streaming into the project mainly due to the prevailing low price and the improving technical picture. The cross-border transfer token was dealt a massive blow after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the issuing company, Ripple Labs Inc., and its top executives. The lawsuit aims to find Ripple guilty of breaching the Securities Act by selling unregistered tokens. XRP tumbled massively following the lawsuit and has spent the last four weeks fighting for recovery. At the time of writing, XRP is trading at $0.29 while battling the uphill battle at $0.3. The 4-hour XRP/USD chart shows that the price has stepped above the 100 Simple Moving Average and the 50 SMA, which is a huge move for the token. Moreover, a symmetrical triangle pattern has come into the picture, suggesting that the expected breakout above $0.3 will be so massive that XRP may rally to $0.48. Symmetrical triangle breakouts have precise targets measured from the highest to the lowest price points within the pattern. The distance found is then added to the breakout point. Meanwhile, the Moving Average Convergence Divergence or MACD adds credibility to the improving uptrend. The indicator follows the trend of an asset and is used to show the strength of the momentum. As the MACD crosses into the positive territory, Ripple gets ready for the massive liftoff. Note that a breakdown from the triangle pattern would be of the same magnitude as the breakout to $0.48. Therefore, some of the critical support levels at 100 SMA, $0.28, and $0.27 must hold to avoid potentially massive declines. Ripple intraday levels Spot rate: $0.29 Percentage change: 2.5% Relative change: 0.08 Trend: Bullish Volatility: Growing
COINBASE:XRPUSDLong
by CoinGape
2
XRP to drop below $0.17.. XRP, the price has dropped over 70%! That is a very sharp drop, even sharper considering the whole market is in a strong uptrend and soon XRP can placed fifth or even sixth in the overall market cap as Litecoin and Polkadot are catching up quickly. As XRP is being delisted from US Cryptocurrency exchanges such as Coinbase, US Binance, Bitstamp and many more, the price is still expected to extended losses based on this negative fundamental outlook based off the SEC lawsuit. For the full list, check this article on Yahoo Finance. finance.yahoo.com Fundamentals are bad, but how about technicals? Considering the price has seen a very strong sell off, the technical aspect of XRP also doesn’t look the best, but let’s take a closer look at them. Currently XRP is in a insignificant uptrend, which is more a correction than a buying wave. The price is closest to a Bear flag bearish pattern, which outcome is bearish. Indicators. Same as XLM, the RSI is in a weak uptrend but with an exception that the RSI is below 40, which is very bearish considering this is a daily time frame. MACD is currently on the second strong selling wave, but another one is expected to be seen shortly. EMA levels of 20 and 50 are pointing towards an downtrend, but a retest of 20 EMA is expected before any further move to the downside or upside. I expect the price to drop below $0.17
BITSTAMP:XRPUSDShort
by TiborVrbovsky
15
XRP is NOT Bitcoin- ♻️ NOV 20TH Re-posted ♻️Nothing has changed since then (just the fact that 17cents looks closer) On our Nov 20th post I explained to you all clearly that: XRP is NOT Bitcoin - (back to 0.23 or off to the 0.76 roof) Well, funnily enough it did hit a roof of 0,76 and it did drop back to 23cents...magic! 🌵🐧 Here is the idea of NOV 20 -th..take another look what he had said on NOV 20 is ALWAYS valid: ''XRP vs BITCOIN? We choose Bitcoin every day We actually do partially hedge our BUY positions on Bitcoin with some Sell positions on XRP''. Jan 2nd/2021: Nothing has changed, other than Bitcoin did fly and we now need to examine closely how and when we get back on it. Bitcoin is a finite product, XRP is not even a real cryptocurrency but it is 'liked' by the banks, ok.
BITSTAMP:XRPUSDShort
by FX_Professor
3