XRP couldn't break above supply zone! XRP tried numerous times to get above the sell block after tagging the 50%FIB over the weekend and now we have moved back below. We are currently testing the support of the trendline for the second time now and if we do break lower, the dotted blue line could be the next spot we see.
EMAs look like they are about to crossover bearish again after last weeks bullish cross. Volume also seems to have completely dried up here.
For Ripple to get its legs back, it needs a push past this $0.47 block in order to restest $0.55 & $0.60. Any weakness in Bitcoin could further give Ripple the push it needs here to break this trendline and test lower so keep an eye on this.
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Rippleforecast
XRP possible break back up to highs?XRP has bounced making a higher low after hitting the previous swing high (dotted line) and is now attempting to break above resistance.
The EMAs have crossed bullish and continue their uptrend BUT the fast-moving EMA is giving hints of stalling up here. We initially tapped the 50% FIB in the supply zone and are curerntly having trouble getting back above. A close above this zone will be bullish and put us back in the range before the break down. A failure to push higher here could results in a move back down to the trendline support.
If we do break down from the trendline, we can clearly see where the POC area is for the next bounce spot around $0.33.
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Ripple was saved by big brother Bitcoin! XRP was looking bleak over the weekend and might have very well broken down to make lower lows but the Bitcoin pump helped everyone out. Ripple popped all the way back into the large POC resistance area before getting shot back down near the breakout zone.
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XRP has bounced but could still see $0.33!XRP has bounced after falling to $0.37 but it is having lots of trouble getting through this supply level, which is embedded in a FIB level as well. We have tried a few times and got rejected every time but the fast-moving EMA seems to be leveling off while the other still tries to catch up to price lower. A possible trade can be taken on a break below the EMA + rejection of this resistance level with stop being the high of the first attempt through the supply block.
Always wait for confirmation and how Bitcoin is reacting but this trade could play out on another move lower with R:R setting up nicely.
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RIPPLE (XRP/USD) - It Could Make The Biggest Drop!As You know from our older post then there was a red box which confirms bearishness if we got a candle close below that. We got a candle close below that area and after the market drop, we came down pretty heavily.
Currently, the price has stopped on the counter trendline which is pulled from the peak. This is not much a confirmation because of this trendline is too sharp but still. We have made a new lower low and approaching to the round number $0.4.
As we've mentioned earlier, then this $0.4 area is a pretty significant level: the round number itself has to work as a support and from the peak Ripple has dropped around 50 percent. This 50 percent is usually a good bounce level but currently, we can't say that we get a bounce from there because probably BTC' has ahead another leg down and this move may drop XRP' pretty heavily because recently, Ripple' has made highest gains and now it could make the highest drop but watch it closely and watch Bitcoin closely if it shows moves upwards from supports then XRP' has a good bounce area at $0.4.
If the $0.4 level breaks then the next support would be the major down-trendline since 17.02.2018, depends on the downwards move sharpness, at $0.35.
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Ripple TARGET HIT!!!Ripple finally broke below the support zone it needed to hold. Profit target was hit and 12% was made on this trade. We have bounced on the FIB level so far and we could possibly expect a move back up to resistance before continuing lower again unless buyers step in here and push us back above the supply zone!
However, BTC will dictate the market with its price movement so we must keep an eye on that!
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Ripple long entry zones Im watching two possible areas to long Ripple.
1) a breakout from the ascending triangle up to the resistance from the previous big wedge.
2) MA50 4hr has been very strong support for Ripple, if this support fails and it finds support on the bottom of the channel this will become a good entry zone.
AS ALWAYS, keep any eye on the price of BTC. If bitcoin starts nosediving hard then usually it will void long setups of the entire crypto market in any alt. keep this in mind.
XRP must hold support or else we go back to $0.30XRP continues to trend lower and we fully expect our profit target will get hit in the near futures. After rejecting at the previous SFP, price continues to trend down with the EMAs and people could be looking to long the demand zone below, HOWEVER, we must hold this region or price will drop like a rock back down to the initial break out zone.
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XRP down to our Target zone! XRP has come down nicely to our projected profit target within a few days and one could have taken the majority of their profits on that last swing lower. Stops could have also been moved in profit for this trade to bare no more risk.
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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!
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Ripple is ready for 2nd wave downXRP is moving in upward channel. It's pullback for accumulation of positions for big players.
The price always makes 2nd wave After such thing
That's why I think it will continue to move down.
Near 0.43 we can buy Ripple.
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Write in comment, What do you think about Ripple's future?
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!
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XRP - Stuck in a range! XRP has been bouncing around this range tagging both sides numerous times without finding any interest of breaking out. We have currently tagged the upper trendline and lower trendline multiple times as we continue to expand as we move forward, which is called a megaphone pattern. If this pattern continues to play out, volatility will continue to increase as we move along.
MACD continues to slide lower here as the signal line will soon join the histo in negative territory while the RSI continues to get rejected at resistance after failing to break higher!
We currently remain in a no-trade zone as we await some type of volatility.
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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.
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Ripple forming a continuation patternThe last update dictated that a move to 50 cents was highly probable. Which happened.
I also indicated that if we broke this gold trend line we would go much higher. Which happened.
I outlined that a re-entry point would be in the 48-49 cent area, a retest of that support area and large trendline. Which happened.
Folks, now we are forming this large consolidation triangle as we move up. If we continue to form this pattern and it validates it to the upside, we will see $1 in the near future.
We have been long since 30-33 cents, targetting at least $1.
Here is what I am doing. I do NOT have a sell order at $1. Here is why. BTC and ETH look like they are going to explode to the upside and we go into a nice rally into the end of the year. A lot of technicals point to this and I believe it will happen. This type of bull run will propel ripple past the highs and to overshoot it's previous high's if it starts doing that. if a pattern forms or something changes in the market, I could alter this decision. For now, I like $5 as a target. But the choice is yours on what you want to do.
Happy hodling,
-Sherem
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.
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XRP - Moment of truth for Ripple! XRP seems to be forming a flag at the moment and is sitting on the teal support line and needs to get on its horse and start moving back up to the top of the trendline and start testing the supply area. If we could break above the $0.57 area, a test of the supply zone around $0.62 is very possible.
However, MACD is starting to look like it might turn over bearish and the RSI does have a little more room on the upside before hitting resistance but we could see it hit and back off a little.
A break below the bottom trendline could have us test the breakout zone once more and if it is not defended, we could head back down to $0.33 but Bitcoin movement lower would probably cause such a move.
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XRP - Return of the Ripple ARMY!!!XRP came back down to its breakout zone and found support before resuming its upwards move. As stated yesterday, it found resistance at both POC areas before stalling where it is now around the 1.618%FIB level. RSI seems to be slowing down here but still has room to move higher before needing to cool off and the MACD histo is almost on positive territory while the signal lines have already slightly crossed bullish.
Any move higher would depend on Bitcoin's continued move higher and a breakdown would drag everything down no exception. As always, enter trade near support or resistance for the best risk management.
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XRP/USD a Short Signal with 99% accuracy. Ripple will move down after that X2 pump, because the biggest Volume was $0.66 — $0.80.
Do you think big players Buy after such up moving?
Absolutely not! That was powerful accumulation of Short positions. That's why I am 99% sure that XRP will move down to $0.30
Open a Short near: $0.56 - $0.61
S/L: $0.70
T/P: $0.31
Do you think as me, that XRP will move down? Write it in comments please.
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Always Use proper risk management!
XRP - TARGET HIT!!XRP has retraced significantly from its highs and our short trade has finally come down into our profit target zone. It took some time but we finally got the move down into our demand zone around $0.44 and this level would need to hold or else the only strong support zone would be the breakout zone around $0.33.
This support zone has so far held up and if we can close the 4H candle above, could be a good spot to re-enter a long scalp position to the next resistance areas.
Stay safe and thanks guys!
RIPPLE (XRP/USD) - Possible Short-Term Bounce Area!After that massive rally upwards, Ripple makes a throwback (move downwards). Currently, it is on the strong support level where are the multiple monthly support and resistance levels at $0.45-$0.47 plus 50 EMA starts to work as a support level but we think it will come down even more and the first big stop/bounce would be around $0.4.
The bounce criteria:
1. The major down-trendline retest area which starts to work as a support
2. Round number $0.4
3. Different timeframe EMA's start to work as a support
4. From the peak 50% down (the history will show that, if the coin comes down from the current peak around 50% then it cot a bounce upwards - short term - but if the market starts to show some positive signs then it would be the reversal point).
So, if the market doesn't drop like a stone then this level should be the spot where you can make some short-term profitable trades or investments.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
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