RIPPLE/BITCOIN Since mid-April, we are in a descending trend.
There is a formation of a downward wedge, the breakdown of which will lead to a change in the trend and a price reversal.
Daytime indicators from 24/07 show the market turn.
It's better to enter the market and wait for a breakdown, placing stop losses under 0.000054.
Ripplelong
$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...
Want More Updates?
Subscribe to me on Youtube!
(Link in the description)
God Bless, Vajolleratzii
Ripple poking above the resistance A couple of days ago, #XRPBTC created a 3-month low around 0.0000700. The coin has retraced since then as the psychological level around 0.0000700 has provided support and it looks to bounce now. Ripple is also oversold on the daily chart (below 20). The bounce has been further supported by the break of the short-term trend line resistance. Moreover, #XRPBTC is also currently around 38.2% retracement which points out that the healthier retracement maybe on its way targeting at least 61.8% Fibonacci retracement.
If the coin can close above the trend line resistance on the 4H chart, then a long trade is to be issued with the following parameters. If the coin returns below the trend line and creates a failed break out, then the trade is invalidated.
Ripple LONG
Entry: Market current price - 0.00007045
Stop: 0.00007010 (move below trend line resistance)
Target 1: 0.00007090 (50% Fibonacci)
Target 2: 0.00007100 (horizontal resistance)
Target 3: 0.00007120 (61.8% Fibonacci)
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. I do not believe in the global long!Now in the market there is a rollback after a long-running down trend. But are there any facts that can show us that further will be a strong upward movement? Especially, Ripple is relatively weak with respect to other coins.
I see a good opportunity to get into shorts at 0.54-0.55 $ with global targets of $ 0.37 and $ 0.29.
The previous idea of "trouble for investors XRP part 2" has not worked out yet. But my targets have not changed and there is a big chance to see them.
FATF planning binding rules for Crypto Exchanges - AI/ML XRP The Financial Action Task Force (FATF) is planning to develop binding rules for the world’s cryptocurrency exchanges. This gesture stems from a globally coordinated policy on cryptocurrencies which was discussed at the G20 meeting in March. Additionally, the Organization for Economic Co-operation and Development (OECD) is looking for cooperation on the tax consequences associated with cryptocurrencies
Ripple (XRP) is a Buy for a rolling 3-Day period which was published yesterday AM. The AI Machine Learning Signal will be updated this Thursday.
The advanced ML algorithms which incorporate multiple models has an average accuracy rate of 63.31% for Ripple (XRP)
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.
XRPXRP shows an increasing trend, now the price moves in the flag, where it tries to accumulate a volume and gain a foothold above $ 0.66, which will allow bulls to go further. Be careful of BTC, because it is from him that now is all the boss. I think the momentum of BTC to $ 7,800 will enable the XRP to go up. Good luck to us
Ripple Forming A Inverse Head And Shoulders PatternHello Traders,
I have been locating a nice reversal pattern in Ripple.
Ripple broke the important falling trendline to the upside.
But the more important thing is that it has been forming an inverse head and shoulders. Once it breaks the neckline I am expecting more upside to around 0.68 areas.
This view will be valid once it breaks the neckline. Invalidation level for this view will be the right shoulder low. If this breaks lower it can keep extending lower and this view will be invalid.
Hope this helps.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
XRP looks bearish long termI posted a short term bullish idea on XRP, but taking a look at it on the weekly timeframes with indicators on, it looks mightly bearish.
We have some pretty nasty Bearish divergences between last peak (candle close) and most recent peak (candle close) on both RSI and MACD.
I've circled a potential fractal that we may be in. Could see us reaching for another high, after which we proceed to bleed to our bottom. Where that bottom is? Not sure, I'd want to wait to see how far we bounce up first and then see how far we can go down.
It's all good to be trading shorter time frames, but larger timeframes are just as important. Always good to know what trend we are in.
XRPUSD - Is Ripple Ready For Take Off ??!!Good morning Traders,
I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher.
Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas.
As long as XRPUSD stays above 0.63054 it should extend higher.
The alternative view will be for Ripple that it breaks 0.63054 and makes a push higher like I have drawn in the chart. (Orange arrows)
Let's see which one plays out.
Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Ripple on lower level of neutral channelFrom the upper level of the trend channel (grey) Ripple rebounced and fell back, crossed the channel and touched the lower level.
On the upside we have a strong resistance (fib retracement 23.6% = 0.95$) - on the downside we have a swing trend line as support.
This channel has been broken on both sides - first on the upside (forming the chart pattern 3 descending peaks) then on the downside, where the losses have been stopped at the next swing trend line.
So we can consider a support - zone under the channel as be important for our analysis.
In the last hours Ripple hasn´t broken through the lower limit but it´s still possible. The trend is negative and the indicators are negative as well - but have reached oversold zone (RSI).
One could do some speculative buys in the hope that the trend will turn soon. But for conservative investors this isn´t the right moment to buy-in.
Stop 1:
lower limit of trend channel at 0.69$
Stop 2:
swing trend line at 0,46$
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 $0.77.
On the daily chart, Ripple slows down strong price movements, but we know how long Ripple can be in the outset before sharp and strong price movements.
MACD is in the bullish zone, however, there is a withdrawal from the signal line, which may serve as a signal for the price to move to lower support when the MACD moves into the bearish zone.
Result: Based on the daily chart, Ripple currently has a good price for a long-term investment.
Ripple fights with strong resistanceAs all coins Ripple also has had a good rally too. Is it over or will it continue?
I think we´re in wave 4 shortly before entering wave 5.
In this wave Riplle has to break the strong resistance formed by fib retracement 23.6% at 0,95$.
After having crossed this line the space is open up to 1.40$ - where we find the next resistance (also fib retracement).
RSI is still in bullish zone - not overbought - and in corrective mode.
ADX: DI+ declines and DI- rises, momentum is still high; as long as DI+ is above DI- the trend is still positive
Possibly we´ve already seen the lower turning point or we´ll see it in the near future.
Stop: 0.73$ - then this analysis would be false, because wave 4 can´t be lower than the peak of wave 1
Ripple You Are Cleared For TakeoffAfter what can only be described as a dismal three months for Ripple investors who bought into the hype in December - January, there may finally be a light at the end of the tunnel. Looking at the chart, you can see that Ripple finally and clearly broke through the downtrend channel that plagued the cryptocurrency for months. Further, like most of the other cryptocurrencies, Rippple is showing an ABC correction pattern. Unless Ripple takes a major nose dive in the next 2 weeks, it looks like the majority of pain is over and we should see a slow and steady uptrend from here.
Ripple hitting this .75 cents resistanceRipple broke that trendline and is moving up nicely. If you bought last time on the break above or retest of the .65 cent level, you are in profit. Make sure you either sell half to lock some in, or protect yourself with a stop. Right now we are sitting at this next major resistance point.
Signs it's going to continue up to .90 cent area and ways to play it
1. Breaks the .75 cent high resistance point. You can throw a buy stop just above it for a continuation move like last time.
or
2. Comes back down to this .70 cent trading mark and then continues higher.
I would lock in profit with stops and really watch this .65 cent zone, if we break that we are going do to .55 cents or in that channel.
Happy Trading,
-Sherem
XRP Extremely BullishNot much to say that the chart cannot say by itself.
- XRP has broken successfully on April 12 the big falling wedge and find support on the $0.62 - $0.64 area.
- It formed a Bullish Flag Pennant on the 4hr chart, that has already been broken to the upside, next target is around the $0.88 area, which is the potential upside of the flag pennant pole.
- The $0.88 area is also the .786 Fibo level (on yellow) of the overall trend, and is a consolidation zone of the past (21 Feb - 03 Mar, marked with the purple box).
We can expect XRP to continue the bullish run if we can do it trough the $0.90 area in the short term.
Trade safely.