double bottomxrp formed a double bottom on the hour. should push us back above .45500 range once complete
Xrparmy
XRPUSD FORGET A GOLDEN CROSS, TAKE A CLOSER LOOK AT THE CHART.Over the last few days there has been a lot of hype about a "golden cross" and now a "cup and handle". While these indicators do exist in the world of TA, they are not used as much as people think they are. Looking at pure price action and retracement levels, you can see a clear breakdown of what is happening. On a larger scale, price has held the 61.8 level while at the same time holding intraday 61.8 level again. I remember using the "Golden Cross" indicator around 7 years ago and soon realized that it is not an end all be all technical indicator as well as MACDs or RSIs and even cups of tea with handles. Focus on price action and not silly indicators to get a closer look at what price is telling you. I am still BULLISH on XRP. Let's keep all the silly $5 price predictions overnight down a bit yea?Cheers!
BTC - Major overhead resistance!BTC, despite all odds, continues to push onward and upward. Be careful... we just ran into major overhead resistance @ the $6100 level. I think a reversal is coming, perhaps to the bottom of the upward trend channel, in light blue. However, there is always the chance that BTC could continue to rally all the way to the angular resistance (white line) and thus be rejected from there. This would be mark a 100% retrace from the November lows, but a major selloff would ensue, probably taking BTC back down to the ~61.8 level. The RSI also looks exhausted and is flirting with oversold territory. We did have a golden cross at the end of April, however a fractal from the 2015 bear market similarly indicates that there is a strong possibility of rejection from the "major overhead resistance" zone.
Pullback is likely. We havent even begun to unravel the Tether/Bitfinex scandal. BCH is looking scammy as well w/ over 50% of recorded transactions coming from one address for the entire last month. None of this is good for the cryptospace.
XRP FractalXRP has printed an interesting fractal. It looks like were going to continue to test 0.30-0.34 cents, where XRP is very stable, until we either break up or down out of the triangle continuation pattern. This similarities in movement are pretty staggering when represented by the various shapes. We can only expect the pattern to continue based on the available chart information.
XRPBTC bullish scenario #xrparmy will come and play this setup 100%, they are already buying xrp. This is can be the bottom of wave 2, whoever is buying from here to 5600 satoshi will make nice $$. I know I've bought some xrp at this level. Remeber, this is a long term play, not going to up at the previous high overnight, let it play 1month or 2.
Good luck!
XRP is dommed.Xrp is not looking good and if it doesn't held it's support level around 6150 then we might see a new lows about 4151 . In moving average we saw a death cross also beaish TK cross below kumo cloud indicating us we might see new lows, but only is this current level breaks also many indicators are showing oversold position. Watch carefully this level and then if this level holds then buy it otherwise sell your bags, to buy back cheaper. And no xrp is not going to $589 :).
XRP Bullish trend cross on 4H QRsi, long TF's signal *a move*XRP is getting tighter, and as much as I fundamentally dislike the coin, I will trade it.
There is a bullish trend cross on the 4H QRsi. First target is ~2.15% up from here. SL is ~ 1.25% down.
There is a good chance of continuation here, this trade might be worth holding.
Breakout or Breakdown?XRP seems coiled for action. this is a fantastic time to accumulate as much as possible for sub $0.30. XRP is floating right above major support in a massive triangle consolidation pattern that could result in a breakout to the upside. Inside the triangle the price has formed a head and shoulders. Generally, this is a bearish sign. But, given the consistent good news from Ripple adding new clients, BTC bottoming (probably), and Ripple updating the network on Feb. 27th, there is room to move to the upside. XRP has been quiet for weeks. All the signs are there! Feb. 24th-28th is a very important range for a potential breakout or breakdown...
XRPEUR - A StochRSI rejection for the weekly & September's roadIt seems that the weekly StochRSI leans towards a rejection, which would lead us to the pursuit of the downtrend until the 0.19-0.20€ support line. StockRSI seems too high to me and its retracement to an full oversold 0.00 level would perfectly bring us to late August-Early September. We have some time for quick bounces until the Monday 20th of this month and the Bittrex XRPUSD pairing. Not sure if bulls have the guts to defy the continuous sold out occuring this month before sept-oct expected new stock-exchange based apps. I really start to like how the 2017-2019 support line is shaping right now. #xrpcommunity #xrptraders #xrpeur
$XRP #Ripple - Ascending Triangle Breached!!!As you can see from this chart, the 4h RSI trend-line has broken, as well as the bottom of the Ascending Triangle.
I dont see any immediate follow through so this might be just a poke and not a break, but keep an eye on it if you need to set a stop loss or want to go short.
