Ripple- Best place to sell it shortI'm bearish Crypto market, and Ripple is not an exception...
Since the last attempt to conquer the 1usd figure, XrpUsd has dropped around 30% and now is in a slight recovery move.
This corrective rally can give bears the opportunity to open short trades and, in my opinion, the best place for this can be around 0.8 resistance (old support)
Only Ripple above 0.95 would negate this bearish scenario
Rippleforecast
XRPUSD: Cyclic & Sine Line may show the date of the next top!Hello my friends!
this time I have played with Cyclic Line & Sine Line. And I think a highly interesting result has shown up.
If we put Cyclic Line & Sine Line at the low point in Nov 2015 and the high point in Jan 2018 we get the next low and high points.
The low point Mar 2020 is amazingly hit almost on the day!!! This results in a next high in May 2022.
If the Trend-Based Fib Extension is applied at the same points, there are clear targets at 1,618 (5.71 USD) to 2,618 (9.18 USD). 2.272 is at just under 8 USD. My band used is a Daily 350 MA multiplied by 3.618 and 0.382.
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Let's see what happens.
Happy trading. 😀💯🚀
BTCINVESTING
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My Post from Sep 13, 2019
has forecasted the low point exactly!
XRP 12H Pennant Formation 07/01/2021we can see there is a pennant is getting form in 12H candles after a big accumulation zone break out got retraced
which is a good sign of a heavy move up or rally in to the next resistance,
by Fibonacci projections we have specified a green TP zone after a red resistance zone to which we can target finally after heating our
1 TP at 0.7836
2 TP: 0.9397
please comment your opinions
XRP bullish move in sightAs we can see in the chart, From a weekly perspective xrp is moving within a pennant. We just broke the trendline from the bottom to collect orders from the liquidity zone below, and have now moved back within the pennant and showing bullish price action. The next area of interest is around the $1.15 mark, and once we have a clear break of the pennant, this can indicate further bullish moves.
Ripple- On its way to 0.5 zone?As all the crypto market, XrpUsd has dropped hard and broke under very important 0.86-0.87 support
The corrective rebound of this drop came to confirm this old support as new resistance and now Ripple is looking down again.
Sell rallies against 0.9 can be a good strategy and 0.5 zone support can be the target.
Yesterday's low also can provide some kind of support
XRP - What happened to the market?Xrp broke through the important level of $0.948. But it is important to note that a large volume appeared at the bottom. This is a liquidation signal, liquidation is the fuel for the continuation of the trend.
In case of a false breakout of the levels of 0.948$ or 0.858$, there might be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
XRP : the NOV 20 fractal in all it's gloryXRP : the NOV 20 fractal in all it's glory
Been looking closely at the price action from this period. Looks very similar on a lot of alts. Check it out. Only ENJ doesn't look similar in my list.
I had assumed we were ready to go up here (had stretched the fractal this way first), but realizing we may not have had that dip, the indicators on this one are quite ambiguous.
Just wanted to get this down to reference it going forward. Lets see if it holds true.
Linked the other idea which is the more popular period to look at in comparison.
One thing to note is that sick dump after that big movement up.
RIPPLE LONGS 💰💰💰Expect another leg to the upside on ripple chart, price just took out liquidity below 1.0$, price rejected an important area of supply on HTF ( bullish orderblock d1 ) bullish market structure is presented there as well. HOLD till 1.30 or 1.5 as a final target
Comment below what you think ...
XRP Ready to Bounce!!XRP has been performing well as of late but recently we have been feeling the bearish pressure along with the majority of the market but we are now starting to look bullish and i could see us getting a much needed bounce coming up soon. We are currently at a massive intersection of very strong support levels, we have uptrend support, downtrend resistance that has flipped to support and then aswell as 2 horizontal levels all packed together in a very small area. I think that it is very likely we see XRP make a move after bouncing off these levels and it would honestly take an immense amount of bearish pressure to push us below all of these supports and since we have been on the downside for quite some time now i don't believe the bears have any fuel left especially for a push down like this. Taking a look at the bollinger bands we aren't in a very ideal spot we are just slightly above the bottom band and as you all know grabbing onto this band could definitely trigger a big move to the downside but honestly i don't see this happening for XRP right now the bearish momentum is continuing to fade and its unlikely we will see a close ontop of this bottom band. Looking at the fading bear momentum on the MACD, we are looking solid on the histogram we are seeing a very flat set of bars and even slightly decreasing, this is a very positive sign for XRP and we are slowly but surely moving towards a bullish cross, the MA's are spread out a bit but we are starting to see them travel towards eachother and thats exactly what we want, the decreasing red bars on the histogram is definitely the most important part though. Now the Wavetrend indicator, we have seen a heavy push to the downside recently but we are now seeing some positive signs, we are beginning to see upwards movement coming from the wave and we could be looking at our next upside wave as we are getting pretty close to a reversal, keep in mind this indicator doesn't usually make jagged moves so once we get the confirmed upside wave it should be a fairly large one that could push us back into the upper zone! Not financial advice just my opinion!
Can Ripple drop to 0.85-0.86 zone support?Like a lot of coins, Ripple also has made a local top on 10th November. Since then, XrpUsd is trading down, making lower highs on our chart.
Also, Ripple has broken under symmetrical triangle support and now is trading near 1.02 support
A break of this support would give scope to further drop and open the door for 0.85 zone
Only XrpUsd back above 1.1 would put a pause in this bearish scenario
In my opinion, rallies should be sold
XRP Explosive move on the way!!XRP has been moving great especially considering the suppression by the SEC almost all major exchanges have delisted XRP for the time being keeping thousands of investors out and yet we are still showing incredible strength, cant imagine the day XRP gets relisted across multiple major exchanges and comes out on top of the SEC, there will be a tsunami of FOMO when that day comes and i couldn't be more excited! We just had our daily close and we have successfully retaken the 0.5 FIB level, however i do expect a retest at some point, maybe not though because we are looking very very strong right now, we have quite the amount of room to move up especially to the R2 Resistance level. Looking at the bollinger bands we are flying up the top band and if we can hold todays daily candle going into tomorrows daily close we are looking at a very explosive move to the upside with tons of bullish momentum! The EMA Ribbons are starting to open up aswell which is a very good sign, this indicator is a very slow mover and usually takes a long time to flip either bullish or bearish so we are in a very good spot right now, we want to see these ribbons continue to open up creating a ton of bullish momentum. We are still very tight right now like not even close to being fully spread out and opened and once we see these ribbons open up more and more the more explosive upside we are going to have, we will likely be seeing them pushing almost straight up boosting price action driving us to the upside with the momentum! Not financial advice just my opinion!
XrpUsd- 1.4 is my targetThe spike under 1 for Ripple was quickly reversed and the crypto has re-entered its familiar range started at the beginning of the months.
A new wave of buying in the crypto market is just around the corner and this can put Ripple on the run up to 1.4 resistance
I'm bullish as long as the price is above 1 figure
RIPPLE | WYCKOFF METHOD | PHASE EWyckoff’s Schematics
The Accumulation and Distribution Schematics are likely the most popular part of Wyckoff’s work - at least within the cryptocurrency community. These models break down the Accumulation and Distribution phases into smaller sections. The sections are divided into five Phases (A to E), along with multiple Wyckoff Events , which are briefly described below.
Accumulation Schematic
Phase E
The Phase E is the last stage of an Accumulation Schematic . It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
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more information on the Wyckoff Method Explained here in Binance Academy.
XRP Price Prediction: XRP Struggles At $1.1
XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92.
The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access.
Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has not made significant progress since regaining ground above $1. A barrier at $1.14 proves an uphill battle to the bulls, who seem to have resorted to playing defense at $1.1.
XRP Price Downside Not Exhausted
Ripple price did not bottom following the drop to $0.92. Hence, bulls lack the momentum to take on the hurdles at $1.14 and $1.2, respectively. The general technical picture enhances the bearish outlook in the market, implying that XRP could correct further before a formidable recovery comes into the picture.
The Moving Average Convergence Divergence (MACD) indicator displays a bearish signal on the daily chart. The call to sell XRP first appeared on August 24 and was later reinforced on September 6. With the MACD moving into the negative region, Ripple is bound to explore lower levels at $1 and toward $0.92.
Meanwhile, all is not lost for the bulls when the 50-day Simple Moving Average (SMA) is considered. This moving average played a crucial role in halting the declines last week, allowing buyers to retake control. If it remains in place and unbroken, Ripple will have the chance to fight for gains back to $1.4 without having to drop to $0.92 first.
The SEC Deals Ripple A Blow In The Lawsuit
A lawsuit seeking to categorize XRP as a security token continues to drag on in the US courts. Ripple is currently requesting access to internal documents from the Securities and Exchange Commission (SEC) to develop a wholesome defense.
However, in a letter to Judge Sarah Netburn, the SEC claims that all the documents are privileged and protected by the deliberative process privilege (DPP). The letter states in detail:
“Many are also protected by the attorney-client privilege and the work product doctrine. The compelled release of the SEC’s predecisional deliberations relating to digital assets would discourage meaningful deliberation among SEC officials and staff relating to investigations, potential cases, and other regulatory activities taken or under consideration in a field where regulation carries significant consequences for the financial markets.”
The SEC continued:
“The Court should not pierce the SEC’s DPP and other privileges, particularly when the documents are irrelevant to Defendants’ proffered defense,” the agency continued, adding that “piercing the government’s privilege as a litigant over materials prepared in advance of litigation would be extraordinary and inappropriate.”
With the SEC taking a stand against supplying privileged documents, Ripple will likely file a motion to oppose the regulator’s letter on September 28. Nonetheless, Judge Netburn is expected to conduct an in-camera review of the SEC’s internal documents while considering the defendants and the plaintiff’s arguments on the DPP.
Ripple Legal fight is holding the priceHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
Ripple is trading around the $1.15 area , XRP should have performed better given its development this year. However, The main reason why its doing bad is its prolonged legal battle with the SEC, which caused a lack in media coverage for all his projects development.
The second reason is the continued sale of XRP coins by Jed McCaleb the founded of Ripple and he served as the CTO of the company Ripple until 2013.
In January 2018, it was reported that McCaleb's Ripple token ownership was worth $20 billion,
Different market movement Scenarios for the next period of time :
Scenario 1 :
Ripple is trading at 1.14326 currently, and the Bears seems to be pushing the price down and it will soon hit the first Support line at 1.09812 where the Bulls will battle with the bears over control in hope if pushing the price back up, and if that to happen then the price most likely will be moving up and headed near the first Resistance line at 1.23804 and with a strong push from the bears it could breakout and keep going up to the 1.37796 level.
Scenario 2 :
If the Bulls make a move and take control over the market then we will see the price move to the resistance level at 1.23804 where the Bulls power will be tested by the Bears and they will try to take control over the market which will lead to the price dropping down back to the support zone between 1.00484 and 0.95820, showing that the Bulls are having a very hard time breaking out and holding the price above the 1.25$.
Technical indicators show :
1) The market is below the 5 10 MA and EMA (indicates short-term Bearish movement) but still above the 20 50 100 200 MA and EMA (indicates a Bullish state in the market for the long-term )
2) The ADX is at 38.79 showing that the market is trending with a positive crossover between DI+ (21.60) and DI- (16.42) (Bullish sign)
3) The RSI is at 55.84 giving us a buy signal, and it will probably be headed to the overbought zone soon.
Support & Resistance points :
support Resistance
1) 1.09812 1) 1.23804
2) 1.00484 2) 1.28468
3) 0.95820 3) 1.37796
Fundamental point of view :
Since the launch of XRP, Ripple has been an innovative company. The project has always looked for ways to stay ahead of every competition. For example, XRP partnered with MoneyGram allowing MoneyGram to use Ripple’s solution for decision-making.
This year, Ripple has been on several partnerships improving its Asian dominance, especially the Japanese remittance deal. In addition, Ripple plans to add a smart contract feature to XRPL.
Smart contracts are essential for blockchains and their addition to the XRP Ledger is a step in the right direction for the company. The company has also revealed plans to go public after the conclusion of the lawsuit with the SEC. According to Dailycoin.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
XRP Price Explodes To $1 As Altcoins Surge
XRP price extends the bullish leg, stepping above $1 for the first time since May.
Ripple’s ongoing breakout seems unstoppable, especially if bulls hold firmly to $1.
Ripple has been one of the best-performing cryptocurrencies in almost three weeks. The international money transfer token currently trades 96% higher than the low in May and July. Support at $0.5 played a critical role in ensuring that losses did not explore levels toward $0.4 and $0.3, a move that may have paralyzed the bulls entirely.
Subsequently, the persistent push from the bulls guaranteed that investor interest was sustained. Hence the massive buying pressure behind Ripple. Several barriers have been shattered so far, including the 200 Simple Moving Average (SMA), $0.8, and the three-month descending trend line.
The latest boost being a break above the barrier at $1. At the time of writing, Ripple is teetering at $1.03 while bulls gaze at the short-term hurdle at $1.1. Trading above this level will elevate XRP to $1.2, thus paving the way for another run-up to $1.4.
XRP Price Still In The Bulls’ Hands
The short-term technical picture on the daily chart is highly bullish. Note that the Moving Average Convergence Divergence (MACD) extended the bullish outlook above the mean line. Moreover, a buy signal presented in July reinforces the bullish grip on the price. As long as the MACD keeps rising, we expect Ripple’s up-trending market to remain intact.
Similarly, the SuperTrend indicator recently sent a signal for traders to consider buying XRP. This technical index follows the trend of an asset like a moving average but incorporates the average true range (ATR) in its calculations, thus gauging market volatility.
The buy or sell signals presented by the SuperTrend are supposed to help traders identify the long-term trend of an asset and mark entry and exit positions. With the buy signal in place, Ripple has the potential to keep rising in the near term. Hence, support above $1 and perhaps a break past $1.1 will bolster the token significantly toward $1.6.
Ripple Intraday Levels
Spot rate: $1.03
Trend: Bullish
Volatility: Low
Resistance: $1.1 and $1.2
Support: $1 and $0.8
Ripple- Approaching strong resistanceLike all the crypto market, also Ripple has had a strong and nice rally.
However, at this moment, XrpUsd is entering a strong resistance zone and a correction could follow.
0.77 and 0.71 are support and these are the points of interest for buyers.
Short term speculators also can trade on the short side with these as targets
Ripple is testing resistance, it could push the price down 🧨😲Ripple has recently grown by 50%. After the price reached $0.75, a decrease in market strength was visible and every upward move was immediately followed by a correction.
The stock reached $0.77 and has corrected by 9%. The price has now broken through the upside structure and tested the lower boundary as resistance. This is a signal for a continuation of the drop. The target where the price can go is marked on the chart below!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade