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XRP/USDT: Overextended Peak Analysis 1D (Aug. 08)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we take a look at XRP's daily chart to assess the bullish and bearish probabilities. Analysis - Similar to Ethereum, XRP has been on a parabolic rise without having had any real corrections - Prices have overextended above the envelope indicator - There has been a massive selloff in Aug. 02, and the volume has been decreasing dramatically since - The Relative Strength Index (RSi) is at overbought levels, forming lower highs and lower lows - The Moving Average Convergence Divergence (MACD) shows a potential death cross with decreasing bullish histograms - The Stochastic Oscillator also shows a death cross, close to the overbought regions - However, at the same time, bulls have managed to secure the 0.236 Fibonacci support - Prices are trading above the Ichimoku Cloud, which currently shows convergence with the 0.5 Fibonacci support What We Believe In essence, there is no volume to support a continuation of this further uptrend, and technicals suggest a higher probability of a reversal. However, even if a corrective trend plays out, on the bigger picture, the overall bullish trend will remain valid. Let us know what you think in the comment section below Trade Safe.
Short
by XForceGlobal
13
XRP/USDT: Weekly Breakout Analysis 1W (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore XRP's weekly chart through bullish reversal patterns and the Elliott Wave theory. Analysis - To begin with, it's important to note that XRP has been consolidating within a descending wedge for a very long time - A bullish descending wedge during a downtrend is typically identified as a bullish reversal pattern - XRP is currently testing the Ichimoku cloud resistance, and a break and close above for confirmation is necessary for further rally - The Relative Strength Index (RSI) has broken out of a descending trend line resistance, reaching record high levels in months - Nevertheless, the RSI remains at neutral levels - The Moving Average Convergence Divergence (MACD) has formed a golden cross a while back, but seems as though the trend lacks momentum to drive prices forward to new highs - Counting Elliott Impulse Waves (12345), we could expect this current uptrend as wave 3 playing out. What We Believe While XRP's setup remains extremely bullish, we have yet to witness an actual breakout through the descending trend line resistance and the Ichimoku cloud. Should confirmation be provided, we could expect a bullish rally leading to record high levels this year. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
6
XRP/USDT: Bullish Elliott Wave Analysis 1D (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we analyze XRP's daily chart through bullish patterns and Elliott Wave analysis. Analysis - To begin with, XRP has broken out of a bullish descending wedge - After having formed Elliott Impulse Waves (12345), Prices started consolidating as it formed Elliott Triangle Waves (ABCDE) - Since it has broken out, it seems as though prices are forming an impulse wave pattern once again - Using Fibonacci retracement and pattern analysis, we could expect the breakout to lead to 0.265 USDT - The Relative Strength Index (RSI) is at overbought territories, but shows tremendous trend strength - The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms as a sign of strong momentum. What We Believe We believe that XRP is on its way to complete the breakout pattern from the descending wedge, and given that it provides further confirmation of a potential bullish rally on the longer time frames, we could even expect potential new highs. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
XRP/USDT: Corrective Waves Above Strong Support 1H (Jul. 29)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore XRP's hourly chart, identifying key areas of interest by assessing significant support zones. Analysis - Just as many other altcoins on a rally, XRP is currently trading within an ascending parallel channel, forming higher lows and higher highs - The Simple Moving Averages (SMA) are in bullish formation, with the 20 SMA at the very top, and the 50, 100, and 200 SMAs trading below as support - Prices are also trading above the Ichimoku Cloud, as it has even bounced on the cloud before forming impulse waves - From an Elliott Wave perspective, XRP has formed Elliott Impulse Waves (12345), and is now looking to complete an Elliott Correction Wave (ABC) - Using the Fibonacci retracement, we could expect wave C to play down to the 0.382 Fibonacci support What We Believe While the overall trend remains bullish for XRP, it's important to wait for optimal entries to maximize one's position, by keeping an eye on significant support regions mentioned above. Let us know what you think in the comment section below Trade Safe.
by XForceGlobal
Ripple - $XRPBTC #XRP - To the moon is too close, go beyond!!! No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. #XRPBTC : I'm SHORT/ BEARISH position up until (Black BOX). I expect that $XRPUSD will rip down. This would mean that RIPPLE will lose more 30% of its current value against BTC before it can recover. Well, keep you updated as this timely issue evolves. If you want to win in this market, you need to be COLD and CALCULIST . #CRYPTO $XRPUSD #XRPBTC #XRP #RIPPLE #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
Short
by ferGOD
14
XRP / U.S. DOLLAR XRPUSDIn this Weekly chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average. We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 (38.2% retracement), 0.15825 (50% retracement), 0.146891 (61.8% retracement), and 0.130937 (78.6% retracement) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 (38.2% retracement), 0.314 (50% retracement), 0.362026 (61.8% retracement), and 0.430402 (78.6% retracement) levels.
POLONIEX:XRPUSDLong
by MavRich_Trading
2
XRP/USD - sell zone On the day timeframe, the triangle fell from (distribution ) downwards. I plan to trade from the zone 0.208 - 0.21. Indicators show the shorts in a better position. Shorts from confirmation. Stop loss can be hidden by the level. Like I drew on the chart. At the 4 o'clock timeframe, they're drawing a model from the bounce. A rebound from the fall, or in other words, a correction. Indicator AO and RSI show growth Thanks for your support! Push like if you think this is a useful idea!
BITSTAMP:XRPUSD
by Valeriia_Top
5
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
by a1mtarabichi
XRP Current situation The bulls are finding it difficult to propel XRP above the 50-day SMA ($0.20). This indicates that the bears are unwilling to throw within the towel with out a fight. However, if the bulls can guard the guide on the 20-day EMA ($0.18), it'll signal demand at decrease stages. If the XRP/USD pair breaks above $0.216, a rally to $0.25 is possible. The shifting averages are at the verge of a bullish crossover, which is likewise a wonderful sign. Contrary to our assumption, if the pair turns down from the modern levels and dips below $0.16, it'll sign weakness. Therefore, the long positions can be included with a forestall loss of $0.155.
BITFINEX:XRPUSDShort
by aleex5893
4
Ripple Price Stable At $0.15: Breakdown To $0.12 Still Possible? Ripple price rejection from $0.1750 breaks triangle support, risking a return to $0.12. XRP/USD hovers at $0.15; upside capped by the 50 SMA and the 38.2% Fibo at $0.1660. Ripple price staged a formidable recovery last week from lows under $0.15 to highs at $0.1750. The bullish wave came as a result of Bitcoin (BTC) surge towards $7,000. Note that Ripple price just like most of the altcoins is still strongly correlated to BTC. Following the rejection from the weekly high, XRP/USD spent the weekend searching for balance. $0.16 failed to stand as a support area although it was a huge resistance zone in last week’s recovery. Losses extended under $0.15 before support embraced at the 23.6% Fibonacci retracement level between the last drop from $0.25731 to $0.11 forced Ripple price into the ongoing recovery. XRP/USD is up 1.94% on the day to trade at $0.1511 from $0.1477 (opening value). The immediate upside is capped by the 50 Simple Moving Average (SMA) in the 4-hour range. More resistance is expected at $0.1660 (38.2% Fibo) and $0.20 (61.8% Fibo). On the downside, the 23.6% Fibo is the next formidable support zone. The retreat from the recent high at $0.1750 extended the bearish action under a symmetrical triangle. The negative impact of the triangle breakout still hovers and risks pushing XRP/USD below the support at $0.14; a move that could result in a breakdown at $0.12. Besides, the rejection of the uptrend confirms the bearish signals from technical indicators such as the MACD and the moving averages (the wide gap between the 50 SMA and the 100 SMA). Ripple Key Levels Spot rate: $0.1511 Relative change: 0.00323 Percentage change: 2.18% Trend: Bearish Volatility: Shrinking
BITFINEX:XRPUSDShort
by CoinGape
1
XRPUSD still hanging in there after finding bottom at $0.20The last day of the workweek found XRP extending its gains. The major altcoin continued with its good performance and ended the day at $0.245, but not before touching the 61.80 Fibonacci level at $0.246 during intraday. The weekend of March 7-8 started with a rejection around the above-mentioned level. The XRP/USD pair dropped down to $0.235 and erased 4 percent of its value. On Sunday, it jumped off a cliff and fell all the way down to $0.203 loosing the stunning 14 percent in a single session. The "ripple" moved below the mid-term trendline and the 100-day EMA but managed to find its bottom at $0.20 in the morning session on Monday, March 9. It is currently trading at $0.204 at noon in Europe. Downwards, I see $0.20 as a stable support for the moment and unless something really big happens in terms of fundamental news in the coming days, I do not expect any more double-digit catastrophes. The strength of this level is even more obvious on the 4h chart. Still, the next levels down are $0.19 and $0.185 (last visited low from December 2019). Up, it is $0.22 that we need to re-conquer first. In terms of trading volumes, they remained stable between $2 -$2.3 billion from Wednesday to Sunday and then started to pick up on Monday reaching $3 billion by midday. Just like BTC, the Relative Strenght Indicator here is close to the oversold area.
BITSTAMP:XRPUSD
by FutureBlockchain
2
XRPUSD start of week analysisThe last day of the workweek came with yet another volatile session for the XRP token, during which we saw its price moving up and down in the $0.228-$0.243 area. The XRP/USD pair registered a small loss to $0.236. The weekend of February 29 - March 1 started with a fresh test of the current support level at $0.22. The coin closed the day and the month at $0.228 and managed to keep above the mid-term uptrend line started on December 18 when we bottomed at $0.172. The short-term downtrend was still valid as the "ripple" ended February with a 4 percent loss. On Sunday, March 1, the coin made another step back, this time to $0.226 and ended the seven-day period with a 20 percent decrease. The trading day on Monday, March 2 started with a solid green candle as the whole cryptocurrency market was seeing a green wave. The major altcoin moved up to $0.238 or right at the edge of the already-mentioned channel (as seen on the chart). Next from here is to ensure we have enough buying power and incoming volume to support a move towards the zone above $0.25 and then $0.28. A fall below the current support zone around $0.22-$0.23 will result in a drop to $0.18.
BITSTAMP:XRPUSDLong
by FutureBlockchain
XRPUSD end of week analysis Yesterday the XRP coin found its support in the $0.22-$0.23 area where the the mid-term uptrend line (started on December 18 when we bottomed at $0.172) was meeting the horizontal support. This zone is quite intensive when it comes to trading activity and bulls took advantage of it. The XRP/USD pair moved up to $0.238 and even peaked at $0.248 during intraday session or right above the Fibb 61.80 line. The last day of the workweek started with an identical candle on the daily chart, but in the opposite direction. The "ripple" was once again testing the already-mentioned support. From now, the direction of trading very much depends on the overall state of the crypto market and 24-h volumes (which btw dropped from $3 billion on Wednesday to $2.5 billion today for XRP). We need to avoid a drop below $0.23 and aim for retaking positions above $0.25 and then $0.265.
BITSTAMP:XRPUSDLong
by FutureBlockchain
2