XRP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XRP is sitting around a strong demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: XRP is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower till around 0.5 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Xrp-btc
OMISEGO (OMG) Shows increase trend to 4 usd + CHALLANGE 2 Hello trading friends,
With this challenge NO 2 update, we update about the next coin OMG ( omisego)
it looks like we can get an increased trend depending on data with the first target from 3.87 to 4 USD + ( 2.60% +)
We know also from history that OMG has got great increased also to 10 USD + when there is a huge trend on it, this coin will be able to increase more than the most standard coins.
Trade safe and have great Trading time.
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XRP looks to consolidate in price before a dropWith the daily chart, you can see XRP turn bearish with the 50 Day EMA going to cross the 200 and join the 20 in a bearish sentiment. Bollinger Bands are showing convergence and price to hold steady for a short while before possibly dropping a bit in price. At this price level, I would stay out or short XRP based on what BTC was doing.
Closing In On The RunWe are charging towards the vertex of this descending channel (a bullish reversal pattern). If you zoom in, you will see we have formed what appears to be a bull flag with a target that puts us at a closing price above the 20 EMA.
If it plays out, this will be the first time we have a definitive close above the 20 EMA since 26 April.
Unlike many other chart analysts, I do not believe XRP has started any bull run movements yet, despite making higher highs and lows since March of 2020. My analysis tells me that the period from March 2020 to now (on a long-term scale) has been a part of a larger Wyckoff Accumulation Phase C and D. These phases are typically upwards trending with multiple springs and signs of support - which is what XRP has shown.
In fact, I believe that this breakout will be the very first leg of parabolic impulses and signal the beginning of XRP’s 5 waves up, which will coincide with Phase E of the Wyckoff accumulation.
XRP Bottom .28-36c by mid-July -> Explosion Early Aug to $5 - $7Decided to use a little math on this chart and found the bar distance between optimized buy (green vertical) and sell (red vertical) zones from historic price charts paired with understanding that XRP / USD breakout's occur when the price exists the 8/1 Gann Fann on 5/5 of the previous parabolic explosions. The distance between 2017 ATH and each separate bull run became shorter in bar time and is now expecting to see a parabolic run to $5-$7 in August which aligns with a fundamentals of JED MC Tacostand Wallet running out of XRP and the lawsuit to reach settlement and end price suppression.
Da Bullz are going to marketSo although I am a bullish "spectator" here in ETH, it's still having it's fun!
We ran a stream on ETH and it's current situation inside an Elliott cycle.
www.tradingview.com
We are still watching the price before jumping back in and taking the bull by the horns!
Another post on how to assess alt coins - outside of the charts! treat them like stocks.
Still sat on our hands, bearish sentiment in a Bullish bias.
All we can say, is WAIT!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
XRP bleed to .25We've lost the high currently following the same cycle as BTC. We closed out of the wedge on the daily yesterday and had the re-test of that wedge today. Expecting a bleed down to .25 to test start of trend, which is also confluent with the trend line of this entire cycle (lower yellow line), before continuation and possibility of creating a new high. We may bounce of the .51 and re-test this range high at 1.2 but I'm more inclined to see a bounce off the .51 into a rejection on the swing of this range around 0.64 then bleed down to .25 until we break the downtrend.
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average ( EMA ) less the 26-day EMA . Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA , the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line.
✅ MACD's formula:
MACD = 12-Period EMA − 26-Period EMA
✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high.
✅ The box below the chart has 2 lines which alert traders when a crossover happens:
Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation.
If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation.
✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
XRP - Is the storm over ?Resume from my last publications and updated the trendlines.
Closed the short from 0.94 around 0.85 and added some buys, I think we're still in a bull run so I don't want to short too many times.
This is a nice 10% bounce, I would like this to be another big low, but and H&S can form here and we could see Daily 200 MA around 0.7 next week.
- Should not go below the 200 daily MA around 0.7, if it happens, 0.5 on the sight
- RSI bullish divergence on the daily and H1 for BTC and XRP
- Kinda similar to what happened end December/early Jan for XRP
TP1: 1.4-1.6
TP2: 3
TP3: 9
TP4: Sale-off EOY
I can be 100% wrong but lets give it a try.
Good luck
XRP USD LONG $4.00 -5.00 MULTI TIME FRAMEOk. There might be others but the only one i have spotted so far that is set for a massive bull run is XRP
Analysis was done usi ng my own methodology which i wont go in to, but its over multiple time frames and how one effects the other...so pretty thorough, using this analysis i have determined we should bounce strong, have quite a large pullback but after that it will really moon. This is long term TA starting from now to about 3-4 months time
The case of the 1.7 trillion mk XRPFirst of all you will say that this one is unreal, there is no chance for this to happen. Yes, chances are low but its not impossible. I am not sure if you where at the floor when BTC crashed and XRP made some huge gains in a couple of days. So did BCH as well, and the news were full with headlines like "BCH will takes the first place from BTC because its much better" Everyone jumped into buying then the whole crypto market just crashed! General trading rules says: Buy low sell high, buy undervalued assets sell overvalued assets. Think about it, if you ask any crypto evangelists they will say XRP is shit, its not a crypto so on. Then they will enter the market when they see the price mooning and they will start to FOMO. It's all about pshychology. This thing to happen requires a lot of money. We had nearly trillion dollars on the market when we peaked few weeks ago. Half of it can make Ripple as a specex rocket if large speculators will make this huge move. I am not saying that it will happen, but daydreaming is not illegal. Nobody though that BTC will crash to 30k, exepct few one. Think about it! Have a great weekend you all!
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