XRP - Due for a pullback????Looks like XRP might be running out of steam and sitting right under resistance gives us a good R:R for a short trade. Be careful as this can still find the juice to test the high of the day again but let's give this another go! Stop above the previous swing high and targetting the breakout zone.
Stay safe and don't FOMO into BIG green candles!
Rippleforecast
XRP - Rocket ship with no end in sight? XRP has rocketed massively over the past 24H and the entire move has yielded over +80%. Most people have probably FOMO'd into the trade at very bad prices and early this morning we rammed right into resistance and bounced off so far. Ripple has moved past the 1.618%FIB extension and even though we could see a move up into the next supply zone, both the RSI and MACD are in the clouds! We can't rule out a continued push higher because markets can remain irrational for a long time and its better not to get in front of a moving train but for those looking for an end of the rally should 1) look for some BTC weakness for a pullback and 2) attempt at a short with a tight SL around resistance levels.
We could be experiencing both scenarios here and shorting the tap of resistance would have paid off so far and the targets would be a return down to the FIB level or if we get some momentum to the downside, we could see a retest of the breakout zone around the S/R flip at $0.43. As mentioned before, it's never a good idea to get into trades betting against the current trend but you must wait for signals that give you a better R:R before pulling the trigger. BTC could test $6900-$7000, which would be ideal areas to short the corn and possibly a safer place to short XRP.
Stay safe!
Thanks
RIPPLE: NEW RIPPLENET PARTNERS + 40 COUNTRIES - PROFIT = 86.16%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 18th of September 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 86.16% PROFIT!!!
The increase in price may also be explained by positive developments including:
The increase in price may also be explained by positive developments including:
July 30: A new Ripple (XRP)-based decentralized crypto marketplace, DCEX launches.
August 3: Coinbase Custody Considers Addition of 37 New Assets Including XRP.
August 8: Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies (adding Ethereum 0.97% Classic and XRP Trading Pairs).
August 15: Ripple is considering breaking into the Chinese market to apply its distributed ledger technology ( DLT -1.39% ) to cross-border payments
August 17: Ripple's xRapid brings on 3 new exchange partners. The 3 exchange partners include: Bittrex, Bitso and coins.ph. The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively.
September 12: SBI was able to complete Ripple implementation within 3 months and is currently the largest money transfer provider in Japan with 10 billion JPY in cumulative monthly payment volume. SBI is building on the success of its service and the popularity of instant remittances by expanding its work with Ripple through the jointly launched Japanese Bank Consortium.
September 13: National Commercial Bank of Saudi Arabia Joins RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide. According to the World Bank, 308 million dollars were sent into the Kingdom of Saudi Arabia with 37 billion dollars in remittances were sent from the country in 2016.
September 19: RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments. RippleNet is now active in over 40 countries across six continents (North America, Asia, Africa, Europe and South America). RippleNet’s newest corridors have a combined potential market that totals over $2 Billion in inflows over the last year including:
-InstaReM and RationalFX opened up new corridors from the United Kingdom to Malaysia, Vietnam, Indonesia, Sri Lanka and Bangladesh.
-Remitr and FlutterWave established a RippleNet corridor to Nigeria from Canada, the first connection on RippleNet in Africa.
-BeeTech and InstaReM created corridors from Brazil to Spain, Italy, Germany, France and Portugal.
September 19: PNC Bank, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments. With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large corporates.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
Where is the low?Hello Tradingviewer,
Thanks for your subscription and Likes.
Let's take a look at the Ripple. The correction is not over in my opinion and the low should be found in the range of $ 0,488 - 0,544.
You must assess your own risk-taking ability and invest only as much as you are prepared to lose.
Always mind the Moneymanagement, because 1.21% the money you do not lose, you can invest again.
As usual, this is not a buy and sell recommendation, but my personal assessment and opinion on the chart presented.
Greetings from Hanover
Stefan
P.S. Like and share it, that's the currency at TradingView
RIPPLE: 3 NEW PARTNERS + CHINESE MARKET ENTRY? - PROFIT = 33.95%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 33.95% PROFIT!
The increase in price may also be explained by positive developments including:
July 30: A new Ripple (XRP)-based decentralized crypto marketplace, DCEX launches.
August 3: Coinbase Custody Considers Addition of 37 New Assets Including XRP.
August 8: Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies (adding Ethereum Classic and XRP Trading Pairs).
August 15: Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments
August 17: Ripple's xRapid brings on 3 new exchange partners. The 3 exchange partners include: Bittrex, Bitso and coins.ph. The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively
It is believed that a surge in volume is driven by the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
$XRP Bottom In SightWelcome Back!
The coin for discussion is XRP. I recently made a youtube video where I explained that Ripple would be a good buy soon.
The time for that Buy has never looked better!
Taking a look at Elliott Analysis we just finished a 5x3x5 bearish market correction.
This correction took us all the way back to the 0.883% Fibonacci, one of my favorite places to accumulate when using fibs.
The breakout of the falling wedge indicates a strong reversal to follow.
Time to pack your bags...
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God Bless, Vajolleratzii
RippleSeems XRP is in some larva or chrysalis state for giving birth to a (special) Butterfly
The Bottom should be around the Green Box.
If you are trading it using bots, 2,3% for sell and 4,1% for buy could be a good range for profit in downtrend.
Educational Only
If you like my ideas, please hit Like, leave a comment, share them and follow me for more!
GoodTrade
-CJ-
Ripple Reaches the Apex...Bull Run Incoming?Hey guys. I'm back with another TA, this time on Ripple! Looking at the 4 hour chart, we can see that XRP has been forming a falling wedge pattern since its highs back in May. Time fibs show that another move may be upon us as we reach the apex of that wedge, signaling a strong move on the 12th of July. Looking at the RSI, we can see that XRP has been showing bullish divergence since it dropped to 8000 sats, failing to make lower lows as price has continued to fall. This bullish divergence is paired with MACD bullish divergence and buy signals crossing on both the AO and TTM Squeeze, which is also squeezing. I've outlined three routes XRP can take from here; go sideways and break out, drop down to 6900 to double bottom and then break out, or fall to 6900 and break through to make lower lows.
Now, my trade setup:
Enter 6900-7150 or on the break of the falling wedge
Stop Loss below 6900 double bottom (3% risk from 7110)
Targets are 7550, 7800, 8050, 8460, 8725 and 8950 short term; 9125, 9425, 9600, 10000, 10130, 11000, 12230, 12400 and 12710 midterm; 13560, 14800, 17600, 18400, 21800, 23000 long term
XRP/USD 4 Hour Elliott Wave AnalysisHello Traders,
In this analysis, we will have a look at XRP/USD in the 4-hour chart.
Down from 04/24/18 peak, Ripple is showing an incomplete 5 swings sequence to the downside.
Ripple completed the cycle from 04/24/18 in blue wave (W) at the low of 05/29/18 (0.5428). The internals of blue wave (W) unfolded as an Elliott Wave Zig-Zag structure where it ended cycle from 04/24/18 peak at the low of 04/26/18 (0.7598) in red wave A. Up from that low it finished the correction in red wave B at the peak of 05/04/18 (0.9238). Below from there, it ended internal black wave ((i)) at the low of 05/12/18 (0.6336). Up from there, it completed the correction in black wave ((ii)) at the peak of 05/14/18 (0.7483). Below from that peak, black wave ((iii)) completed at the low of 05/23/18 (0.5735) and it ended black wave ((iv)) correction at the peak of 05/24/18 (0.6390). Below from there, it completed black wave ((v)) of red wave C in blue wave (W) at the low of 05/29/18 (0.5466).
Up from there, it ended blue wave (X) correction at the peak of 06/04/18 (0.7035).
Below from 06/04/18 peak, it completed red wave A as a part of an Elliott Wave Zigzag structure at the low of 06/13/18 (0.5052). The internals of red wave A unfolded in a 5 waves Elliott Wave impulse, where it ended black wave ((i)) at the low of 06/05/18 (0.6338). Up from there, black wave ((ii)) correction was complete at 06/07/18 peak (0.6862). Below from there, it ended black wave ((iii)) at the low of 06/10/18 (0.5553) and the correction in black wave ((iv)) at the peak of 06/11/18 (0.6038). Below from there, it finished black wave ((v)) of red wave A at the low of 06/13/18 (0.5045). From that low, it ended red wave B correction at the peak of 06/15/18 (0.5684).
As long as bounces fail below 0.70 peak, then XRP will be looking to trade lower toward equal legs area 0.28 – 0.18 before ending a 7 swings double three structure. Up from there, it will be looking to bounce higher in 3 waves at least.
Ripple XRPUSD trendlines and their implicationA huge part of my work involves using a trendline(s) as it is the most powerful chart pattern and also because of how useful it is in analyzing charts. The trendlines for Ripple (XRPUSD) as marked on its Daily timeframe are numbered 1-4. Number 5 is the ADX (average directional index). An explanation of each is summarized below as it applies to Ripple (XRPUSD).
(1) This is the main bearish trendline for Ripple (XRPUSD) that is currently active. It is safer to take a bullish position on a break out to the upside that is confirmed by momentum.
(2) This is the main bullish trendline that has been active for Ripple (XRPUSD) since September 15, 2018. A break to the downside of this trendline could trigger a selloff in Ripple (XRPUSD).
(3) Support region for Ripple (XRPUSD) between ~$0.46 and $0.39. This support region (light blue color) is expected to offer bulls the opportunity to enter a long (buy) position. It is also interesting to notice that the support region does intersect the main bullish trendline . This increases the chance that Ripple (XRPUSD) might actually find support between ~$0.46 and $0.39.
(4) The previous bearish trendline for Ripple (XRPUSD) that was broken to the upside on April 11, 2018 indicated on the chart with dotted red lines.
(5) ADX (average directional index) as shown here at the time of this post does indicate that bears have the upper hand. This is indicated by the –DI (red color) line currently above the +DI line (green color) with the ADX line (black color) having a positive rising slope.
More information on my work and is available by joining our Premium Research and analysis group:
Dollar Charts are More Fun, XRP Edition :)Welcome Back Apostles!
I have came to the conclusion that Dollar pairs are more accurate for charting cryptocurrency...
Taking a look at the daily timeframe we see XRP formed a full Elliott Wave Market Cycle, followed by nearly a full ABCDE retrace to the .883 Fibonacci level.
Crypto can be notorious for the full retrace which is why its important to take profits, and always keep tether to buy the dips!
I always trade with the mentality that prices will most likely go lower than i originally plan. Setting multiple buy orders in the form of laddering can help minimize risk of catching a falling knife.
The RSI is slightly trending above oversold which is why expect XRP to go a little lower back to $.50
It's very possible prices break support of $.50 and fall to $.20-$.30 so keep that probability in mind.
Noticing a lot of rounding in price which is a good sign for the bulls in this case. RSI can attest to that
Notice how cheap XRP is by how little 100% is compared to the overall market cycle. SHEESH!
*CHECK FOR UPDATES*
God Bless, JolleyCrypto
XRP Potential BreakoutThere seems to be a nice horizontal consolidation occurring at the moment leading up to the crossing of two major trend lines. Healthy gains may be achievable with a tight stop loss and large position size.
*The ideas expressed above are only my opinion and should not be taken as financial advice. With that said I do have a position in XRP, very bullish.
XRP price is far above the Ichimoku cloud Ripple has added nearly two percent in the past 24 hours and seems to be optimistic in the beginning of a new week XRP/USD jumped over the red descending trend line on Friday and started to move along a new ascending trend line aspiring to develop an upside tendency. XRP price is far above the Ichimoku cloud meaning buyers are controlling the market.
The possible scenarios for XRP/USD are the following:
1. The currency pair will break through the green ascending trend line and move towards the higher border of the Ichimoku cloud. Once bears are successful in crossing it, they will be given a chance to develop their progress targeting the closest support area at $0.6631.
2. XRP/USD will jump off the green ascending trend line and go higher. The closest resistance area is close to the price’s current position and it will likely be crossed with no difficulties. The next target will be at the next resistance area at $0.7094.
3. Ripple will stay close to the current levels with no significant changes.
As for the daily chart, XRP/USD goes under the Ichimoku cloud, but there is no clear med term tendency currently.
Check more detailed crypto analysis HERE
Technical Analysis – XRP/USD
Ripple demonstrates the lateral movement, having tested the level of $0.87, the price moved to the strong support level of $0.77.
On the daily chart, Ripple slows down strong price movements, but we know how long Ripple can be in the outset before sharp and strong price movements.
MACD is in the bullish zone, however, there is a withdrawal from the signal line, which may serve as a signal for the price to move to lower support when the MACD moves into the bearish zone.
Result: Based on the daily chart, Ripple currently has a good price for a long-term investment.
Ripple about to bust lower?Ripple has been sitting in this 80-90 cent channel for a while now and my 2 resistance points have held up nicely. Normally you could throw a buy order and play these bounces and if you decide to do that use caution. We have seen BTC breaking down, ETH breaking down and there is an SEC hearing tonight and we don't know how that will affect crypto, if at all.
What's more, we have the MACD rolling down on the daily and RSI also confirming divergence, this would lead me to believe we would get more of a push down then a full rebound up to 90 cents, maybe 85 cents in the cards but I would use more caution at this point.
Happy Trading,
-Sherem