XRP versus Bitcoin - How to play one off the other XRP / BTC – Weekly Performance Time Analysis
A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP.
The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is little to no price volume above it.
If these two points above is all you take from this chart, GREAT! More below…
Buy into XRP Trigger Events:
- Test of lower diagonal trend lines
- Break above and retest of POC as support
- Bear periods lasting longer than 23 weeks means start paying attention for buy opportunities
- Break above 20 week SMA (means pay attention also)
Sell into BTC Trigger Events
- Test of upper diagonal trend lines with rejection
- Hitting the POC resistance would be a sell event for me, it will very likely be stiff resistance. You can always re-enter once we find support above it and you can always leave something small on the table to keep you
interested.
- Bull periods lasting longer than 7 - 10 weeks be cautious (take some profits). We are here now.
- Break below the 20 week SMA has not been good for XRP most the time, also if it acts as resistance or if price oscillates around it when is downward sloping, the outcome is typically not great.
Bull and Bear Time Frame Determination:
I have done my best to use any >15% candle close above the 20 week SMA as a bull period. I have also tried to use common sense to try and determine downward or upward price structure…so some of this chart is my interpretation of bullish versus bear price action. However I think the general trend(s) are there to see. You can make your own interpretations also. The chart after all is only to provide some assistance in your trade, maybe help reach a decision, one way or the other.
Xrpbtctechnicalanalysis
XRPBTC Moving Average AnalysisPrice moons on XRPBTC cause sharp turns in each moving average
First moon caused 50MA a U turn
Second 100MA U turn
Now we are approaching the 200MA's turn
The red horizontal dotted line and box in red shows a point where all moving averages were in the state that they will soon be in when XRPBTC makes its moving average U turn
Right now on the MACD we are higher than this horizontal point, suggesting that price on this chart will increase from here
The time period between the first 50 and 100MA moon points was about 2.5 years, right now we have experienced a long bear phase from XRP currently being in 2022 waiting for the 200MA
XRP BTC pair ready for breakout?Seems XRP is building up several factor's for breaking out upwards.
Currently in a bullflag and in the general picture XRP is really bullish.
Broadening wedge in a falling wedge.
If we would see xrp repeat it's cycle of 2017 we could expect the targets being reached, keeping in mind a BTC value of 85k -100k.
A positive outcome of the lawsuit could see this playing out.
This is not financial advice and for entertainment use only.
XRP ready for takeoff!!?Xrp versus bitcoin, we have found what seems to be a pretty solid floor for xrp shown by green support and we have been in a confirmed downtrend since early june, but i noticed we are starting to see some life here! Pirce action has broken above the midline on the bollinger bands and we are now looking to grab ahold of that top band to go for a ride upwards, that aswell as the bollinger bands have been squeezing pretty hard on our candles and that means volatility is shrinking but we are due for a massive move, now the bb don't say which way this move is going but i got a feeling looking at other indicators and PA trying to reach that top band we are due for a big move up! Looking at the RSI we have found slight uptrend support and we are curling very nicely to the upside, the real test for xrp will be when the rsi reaches that 50. point midline, we need to blast through it and be able to hold that level if XRP wants to be the front runner in this lagging market, we need that confirmed uptrend to do so! Now the Stoch RSI has also found nice uptrend support with both our blue and orange starting to shoot upwards, we have lots of room to run up until we are considered overbought. Everything for the most part looks great for xrp right now and maybe we could be starting to see a trend reversal for altcoins, a lot of alts look fantastic against BTC right now but as im sure you all know everything is affected by BTC and where BTC heads! Not financial advice just my opinion!
XRPBTC Ready to Lift OffLooking at the weekly time frame of XRP to the BTC ratio we see the start of the uptrend at 1527 sats and the 2842 level as the accumulation zone that XRP/BTC has been in for over 3 years now.
At the end of 2017 going into 2018, XRP popped off in 28 days and it'd be no stranger if the same pattern happened again now in 2021.
At the moment, XRP is trending around 2842 sats and looks like its going to repeat this same pattern and wick 16860 sats - 1828- sats for a 445% gain.
Every other altcoin has already performed in terms of the BTC ratio except for XRP & XLM. I'm putting my money where my mouth is and taking this trade, i'm already in, and this is going to play out and hit the red resistance zone around 18k sats.
Check the attached chart its the updated Bitcoin Dominance read I just posted where I said the season is almost over for altcoins and that all the billions of dollars in altcoin money is going to flow into Bitcoin and the other leading blue chip cryptos.
The lights are still on at the party , why not have some more fun while its lit.
#XRP #XRPUSDT, shigi shigi extensive analysis 🦾🧙♂️💎🍻Hi, this is #XRP short term analysis on daily time frame.
As of previous successful trade of #Ethereum based on Boom shaka laka vision.
I present you the XRP Boombastic shigi shigi vision for short term.
You can name your crypto in comments.
Thankyou for all your love. 😊
XRP BREAKOUT CONFIRMEDLadies and gentleman
Near missed it, this powerful breakout from the most talked-loved-hated cryptocurrency out there.
I can confirm the breakout, with a positive volume and (my sources) are Bullish finally.
Payday for the holders, a lot of action for day traders, war formation for marginals :)
In Ripple better trade with 20% SL and no TP (this is not an advice).
Consider my previous charts on XRP updated with the last.
MMM (Make Motherf.ckin Money)
Invest your money wisely, do it now.
XRP looking to explode in BTC value!!Xrp has pushed up once again to test this long term downtrend resistance and with a big altcoin wide push we are surely able to cut right through this resistance. Aswell Xrp has been showing incredible strength being among top performers in the markets recently even while being suppressed by the SEC. I believe the time is coming for XRP to explode i believe we will beat the SEC case and just that news alone could send XRP to the moon, aswell as every exchange relisting XRP would case a mega tsunami of FOMO. We are currently still 107% away from the 0.2 Long term FIB Level! i think XRP is a great project and crypto in general they have great technology and could be a huge benefit to the cross border payment system and banking system. All just my opinion DYOR and not financial advice!
Please comment on my idea. Thanks.Look at this chart. You dont even have to know anything about technical anallysis or anything. Just simply look at it. It have to go down if it is to have sustainable upward movement. You dont even have to look any indicators to know this is an overbought instrument right now.
Im not going to lie, im in love with xrp since i was fortunous enough to enter very early before the huge price movement. But i expect downward movement and maybe a some sort of consolidation period before going up again. I did sell all of my holdings couple days back and im eagerly waiting to enter again. It seems it cant make a huge upward movement before taking some time to chill but you never know when! Therefore keep an eye on xrp. It can have you win big!
Good luck and be responsible with your hard earned money!
Always watch out for opportunities but be carefull.
XRP - Keeps dropping against Bitcoin but for how longSo yeas Ripple drops against the bitcoin, as well as against the dollar.
Soon there will be an opportunity for Ripple to rebound and that will be the moment to consider a reversal (start buying Ripple again).
How do we trade this now? Well we hedge, we buy Bitcoin and we sell some Ripple. This can change in the next 16 to 48 hours (4 to 12 4h candlesticks)
Keep in touch.
Ripple - The world’s most accessible global payments networkNo one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#XRPBTC: I'm SHORT/ BEARISH position up until ( Black BOX ). I expect that $XRPUSD will rip down.
This would mean that RIPPLE will lose more 35% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
If you want to win in this market, you need to be COLD and CALCULIST .
#CRYPTO $XRPUSD #XRPBTC #XRP #RIPPLE #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
XRP/BTC - buy a divergence The subsidence of dominance will release the force in altoin.
that's why I'm buying.
divergence
a breakdown of a strong weekly level.
Going back up would be a false break-up.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
XRP DivergenceBullish divergence on XRP 4H chart, in which oscillator produces higher lows while price produces lower lows. The divergence scenario hasn't been very successful for myself, however i am trying it with lines instead of candles seeing if going from candle bottom instead of wick bottom works. Golden cross is coming on the daily chart also. Looks very bullish.
ridethepig | XRP Slingshot !!What a terrible week for Cryptos. Markets were in the mood to get out of any high beta positions, XRP was no exception. We also had to contend with month-end portfolio rebalances and excess USD demand. The complete retrace towards 0.25 - 0.24 has led to a series of stops and XRPUSD has managed to find a fresh bid. Central Banks are going to provide respite this week, while the virus spreading and awful data from China will control the ebb and flow.
Coordinated policy response is bullish for all cryptos, I am not sure it will provide more than a s/t relief for cryptos as rate cuts do not really help while large workforces are in shutdown! Remember we are trading perception, it is more important than reality. I would recommend buying on this dip, important to note my risk appetite is extremely negative at the moment... remain nimble if we break the channel!
As usual thanks for keeping your support coming with likes, comments, charts and etc!