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Thestandard

XRPBTC about to complete the ultimate full retrace?Brief update to my previous trendline analysis of XRPBTC, everyone thought this time would be different with the recent substantial pump (partly) breaking the downtrend, then some SEC stuff comes along and XRP enters full retrace mode just like it has done, every other time. Looks really rather shitty now, with the "breakout" looking more like a bearish retest. It's technically at support but if 1500-1600 is lost then I honestly think there's not much between there and the 2017 pre-moon accumulation range around 450-700, which lines up nicely with the lower trendline of the massive wedge. Retesting this range would be a full retrace of the entirety of XRP's movement of the last 4 years. Perhaps 1000 will provide (psychological) support, however if lots of exchanges start to delist (like Beaxy did) then I think this will plummet.
by crypto_emu
2
The Sleeping GiantIt seems just about every coin under the sun has had a mini bull market at once time or another. Few coins have been hit as hard and for as long as XRP. It may be time for a major move. As you can see in the chart, if you look closely, you can see 2 sets of formations, which are fractals of each other. If XRP is repeating the same pattern, based on what I can see, it just finished the last leg of the last part of the pattern. XRP is now primed to make a major move to the upside. If history repeats itself and does another move to the 2.618 from the beginning of this move, to the top, that could take XRP to $5.60. Since this is the BTC trading pair, that could be substantially more if Bitcoin decides to trade much higher over the next few months. The last XRP bull run took 2-3 months to reach it's peak. The one previous took around a month. If this repeats, expect to see this current move to take 3-4 months to reach it's top. The good news is, XRP is just getting started. This isn't written in stone, but the pattern doesn't lie. There is significant signs of a macro reversal here. Next moves to remain bullish: 1. Break above previous low (2362 SAT) 2. Close above the Daily EMA with energy and confirm it as support (Sitting around 2500 SATS) 3. Make a new higher higher (3750 SAT to be sure of a reversal)
Long
by mwinmill
3
XRP - Market Recap Hello traders, Here's a quick update on XRP : USD pair on both weekly and daily time-frame. Starting off with the weekly time-frame you can tell the .30 level that we covered on the previous article did hold pretty well as a resistance thus triggering an immediate reversal, resulting with a break below the .282 weekly support ( now turned resistance ). Judging by the current momentum of both BTC and XRP we should be seeing .24 level shortly or even extend a bit lower to .212 psychological level, however the main focus will be on .24 cents. Taking it down to the daily time-frame we fulfilled the .257 intraday target - this is the last support on the daily which keeps the price from melting towards .24 cents. Should this level hold well we could be seeing some small stop hunt reversals to the upside, however at this point the .24 in my opinion looks inevitable. Make sure to follow us on Telegram for further updates.
BITFINEX:XRPUSD
by UnknownUnicorn3394555