Xrpcommunity
GOLDEN XRP OPPORTUNITYXRP will be likely to finish its wave 5. But I have two targets for wave 5 that is it may end up hitting the end of the channel or half of the channel if it falls short. There are two scenerios that can happen. I am attaching two images please check below. Thank you
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XRP/BTC Targeting 3373 satsAs you can see we have been accumulating for the past three days after a huge dump around the daily level at 3125. Accumulation is highlighted in yellow. Regaining this level will be huge. I believe BTC will stay in accumulation 4 a bit longer which will allow btc pairs to make some moves.
XRP TARGETING $.33Hi Traders, as you can see XRP has been accumulating for the past few days in yellow. It just closed on the daily above .30, it is currently facing resistance at .304 but once that is broken we should see .312, then .33.
Utility drives XRP/BTC. Prove me wrong. TLDR; YOU CAN'TEvery time I hear you mouth breathers say we are waiting on utility I die a little inside knowing how stupid that is to say.
Here is have again posted the amount of payments being sent on that date. Funny how the price is ALWAYS higher when the number of payments increases. If speculation primarily moves XRP then why can't you find one point in history payments were at a all time high and price wasn't . Prove me wrong this seems to easy and your all blind apparently. No offence but you can't see whats staring you in the face. There is a reason Ripple NEVER worries about the price. They know as long as 10,000-16,000 payments are made per day the price will hover around support. Most every increase in payments will see a increase in price with one or so exceptions in 3 years of data
Xrp price ATH WAS ALSO PAYMENTS ATH 135,141 (1/5/18) The climb to ATH price was also a climb to PAYMENTS ATH . AM I MISSING SOMETHING HERE? PLEASE TELL ME IF THIS DOES NOT LOOK LIKE PAYMENTS ARE MOVING THE PRICE .
Are you telling me Payments are not sent until price action moves upwards? In what world would instant payments be instant if they are waiting on price action to be filled? None. You guys have no fucking clue what is about to happen to it's gonna be dick size changing gains. Oh yeah.
xrpcharts.ripple.com
Utility is behind XRP price movements. Prove Me wrong Here I have simply shown you the date and the number of payments made on that date. There appear to be 10,000 or so payments that are constantly being sent on the ledger. This number has increased to an average of around 30,000 payments this year. Conclusion; The number of payments being sent on the ledger nearly always increases as the price does. Either payment providers are waiting on higher price action to send payments that are supposed to be instant thus defeating the purpose OR the increasing number of payments drives the price higher.
Please tell me why utility hasn't been driving the price ALL along. The data suggests otherwise and is non-disputable.
Number of payments (increase) = higher price.
Why isn't anyone else seeing this?
Xrp price is not coupled to bitcoin. A study on volatility I have indicated with blue lines each time payments on the XRP ledger spiked since initially picking up exponentially in may. These blue lines point to major swings in price. Often the payment spikes precede a move up in price but a few times they point to the very top of a price swing. Given the assumption that payment providers are not waiting on the price to move to send payments We must conclude that most significant volatility is coming from the utility of the token. XRP/BTC will remain coupled to bitcoin as it is paired with bitcoin. I may note that payments have been consolidating since the 26 of july and we've yet to see them spike again. I hope this sheds some light for you. I have been working on this theory since may and believe there is enough data to make this conclusion.
$XRP - Ripple Struggles to HODL 0.28Ripple just broke below the last low at 0.295 and just printed a low of 0.28401.
Do NOT panic here.
I have adjusted the wave count, each point down one count. This lets the retrace from Wave 2 hit the 0.382 fib retrace nicely and Wave 4 hits 0.50... which makes this Wave 5.
As noted before, Ripple Wave 5 is generally very weak, rarely passing the 0.786 fib ext which would put this move at 0.27976 at most, if it already hasn't printed its low after hitting 0.618 fib ext at 0.28915 and the price action while I type this indicates there is a high probability that is the case.
In addition, the Bullish Divergence has now printed twice.
Ripple is holding against the onslaught of the rest of the crypto market, only falling 6.5% while the rest of the market is down between 12 and 14%, with XRPBTC gaining 5.4%.
0.28 is a very strong level. One of my largest purchases was at this level months ago. If it does break were looking at a retest of the low at 0.24, and a break below that would be game over.
For the record, I still hold positions from 0.28, 0.31, 0.36 and 0.39 and have a bullish bias.
$XRP - 4H Double Bullish DivergenceIn my last analysis I was looking at 0.38 to be the bottom off that reaction move down, but a week later resulted in another large move down, changing a reaction into a correction and invalidating my analysis.
I am begining to see a wave formation where we are at the end of Wave 2 which I have plotted here with supporting structure.
Interestingly enough, the channel I had plotted for the first two weeks of June has provided support and resistance several times since. Even the mid point of this channel appears to be useful still.
Together the wave structure with the 4H Bullish Divergence and the historically strong support here, there is a pretty strong probability that we will see a bottom here. It could, as before, go sideways a week or more, then break down. Such an action would be very bearish and point to a potential re-test of 0.28 then 0.24.
For the record, I am holding positions from 0.28, 0.31, 0.36 and 0.39 which means I do have a fair amount of bullish bias.
$XRP - 0.38-39 Holding? Last Day in WedgeWhen the major dump occurred a few days ago I posted a chart showing why I believed the 0.38 area would be a solid support area. As it happens, that area has indeed provided solid support.
However, within the next 36 hours the wedge plotted will come to an end and the supporting trendline will be at serious risk of breaking down. Assuming it isnt a bear trap, the first support would be at 0.34, but would also open the path to 0.28-0.31 again.
It is absolutely imperative that this level holds.
For the record I still hold from 0.28, 0.31 and 0.36. I will be adding more to my position here, as soon as my wire hits my account.
$XRP - Reaction End 0.37-39The events over the last 24 hours have been unkind to Ripple with Coinbase going offline for a short moment and then the hacking of 9.3 million XRP.
Trying to determine the end of this reaction seems pretty straight forward with a confluence of points at the (0.38 +/1 0.02) level.
Elliot wave count would have this last push down as Wave 5 which could extend to 0.376, though Ripple doesnt often have Wave 5 go past the 0.786 extension.
In addition the Monthly Pivot is at 0.40217 and there is a decending trendline of a channel from the 5/30 high at 0.474 that should now form support.
These three things together have a high probably of providing support, in addition to the significant amount of time it has traded at this level in the past.
For the record, I still am holding trades from 0.28, 0.31 and 0.36. If it drops past 0.36 Ill consider another entry at that point.
HOTUSD Has one of the best looking charts ...The daily chart on this is a bit choppy and difficult to read. Once you turn to the Weekly time frame, the story is clear. Sundays candle will be very telling in my opinion. See you Sunday to see how it closes.
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!
XRPUSD - A CLOSER LOOK AT THE 4 HOUR TIME FRAMEHere is a closer look as mentioned in the title. A nice trend line has formed which should theoretically provide support knowing that the .40 cent area is below it to act as additional support.
$XRP Targeting 0.65 Mid-Late JuneFollowing a short pullback from 0.52 resistance look for upside target at 0.65 in June.
This chart is noisy, and even so there are many things hidden in it. It is difficult to remove the information on the chart and still reference it to whoever may find this useful. Normally I would include Fisher and RSI but have removed it to be able to show the end of this impulse series.
I believe we are in Wave 3 of what I am calling the Intermediate series. Inside this wave you can see where I have plotted the Minor and Minute wave structures supporting it. I actually plotted a Minuette structure but have hidden it to reduce the noise of the chart.
The focus of this chart is to show a potential wave structure ending in June which in theory could hit 0.65.
There is a channel forming now. If we assume this wave structure remains inside the channel, and following the 0.382 fib retracement and 1.0 fib extension guidelines we are looking at 0.65 about June 19th.
If we dig deeper into the current price we can see that we are in Wave 3 of the Minor wave and Wave 5 of the Minute wave, both of which would end around 0.48-49. That said. the phsycological level of 0.50 sometimes acts as a attractor so we could go as high as that. The 0.52 level is a resistance level going back to November, and farther back to April and June/July of last year. I fully expect a pullback from this level, which could also be the end of the Intermediate Wave 3.
Disclaimer: I am sitting on chunks from 0.28, 0.31 (several here) and 0.36. I do not plan on adding more to my position at this time as anything I could add would only increase my position size by 5% at this price.
Possible bull flag formation 1hr timeframe. Observations:
Daily:
Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion)
1hr:
Possible bull flag formation.
Support .35500
Resistance .37999
Currently watching equilibrium forming within flag, the break will give us a better idea where the market is heading.
Game plan & possible scenarios:
Moderate risk:
Entry at pole break .37999 (Top box depicted in the chart)
Moderate risk in my opinion given the amount of fake outs we've seen in the past, also would be buying at the top of the current channel that we are trading in.
if this trade is taken, I will only enter with a small position(10% to 15%).
STOP LOSS: set below 1hr support at .35500
Moderate risk:
Entry at bottom of the flag close to support .35500 (2nd green box depicted in chart)
Moderate risk in my opinion, given that we are close to the support.
If this trade is taken, I'll be entering within the green box (25% of my total position), and watching the equilibrium. A bear break will have me exit the trade, a bull break will probably have us retest or break .37999
STOP LOSS: Set below 1hr support.355000
Low risk:
If support .35500 breaks, theres a chance we re test the bottom of the channel (3rd and last green box).
Low risk in my opinion, given how close we are to the daily support.
If this trade is taken, Ill be entering close to daily support with a stop loss under it, given that is low risk my position will be bigger(50% to 75% of capital allocated to this trade)
Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
XRPEUR - A StochRSI rejection & September's roadAs expected in the previous idea, #xrpeur got rejected around the 1.40RSI. Now, level 0.00 will be important to watch this month. Huge bounce could occur early september. In the meantime, I expect a big dump until 0.20€, even 0.19€ after the 20th. But before that, we still have room for som quick pumps. I find it risky thought and I prefer to wait for a clearer and safer entry. Just my opinion, not financial advise. Do your own due diligence.
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
Just a bigger wedge on XRP patience support and waiting breakoutThe wedge just has grown bigger, still in the wedge, with a bottom between 0,60 and 0,55 cents on XRP
XRP 0,60 cent a new buy level, after this crazy artificial dipnext level of support is 0,60 cents
i am now looking at longer term trendline up
all the way from the beginning of xrp and xrp huge spike
XRP 3th time testing the flag to the upside but will it breakoutsome say it forms a diamond shape
others see this flag building up.
for me the most obvious is the testing of the 38.2 fib level
which is in itsself very bullish to hit the 61.8 target at 1.13 USD price
