XRP/BTC (Sign of Bullish Strength?)💎Technical Analysis Summary💎
BINANCE: XRPBTC
-XRP has confirmed the support at the 2150s sat area
-It is now trading inside a descending channel
-A strong bounce at a key area of support is a Bullish sign
-But as long as the price is still inside this channel
-The Bears can enter the market once the trendline resistance is retested
-A good trading approaching is to wait for an upside breakout
-This will give us a strong bias that the downtrend is now over
-The upside potential is up to 2600-2800 sat area
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XRPETH
XRP/BTC (0.618 Key Support Retest)BINANCE: XRPBTC
-The previous resistance area is now tested twice and can see the Bullish reaction
-Currently, XRP is trading inside this downward trendline resistance
-The safest approach to trade this market is to wait for breakout confirmation
-You may enter on breakout or retest of trendline
-The potential target is up to 2800 or higher
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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**Please don't forget to leave a thumbs up & comment
**Thank you! :)
XRP/BTC (Trendline Resistance Break?)XRP/BTC
-The price is starting to break outside the trendline resistance
-XRP is also testing the 200D MA dynamic resistance area
-If the daily candle closes Bullish, this will signal a potential reversal
-We can also see last August 27, XRP tested the previous resistance zone
-It bounces off strong as the buyers started to enter the market
-Take note, the golden Fib acted as strong support as well
-The upside target is the recent swing top at 2819 sat range or higher
XRP to make gains over ETH over the next weekThe RSA, The EMI (100) and MACD all point at XRP making gains over ETH over the next week
The next target, (from the current position), is 0.00085 in the next 10 days.
But if we go down to the next level of resistance, ( <0.00069) then the target will not be reached until the end of the month.
The good news is that both coins are valuable so holding either XRP or ETH is a valuable option.
Also, ETHBTC looks like it is weakening so I would start the trade now even if there is a chance of further losses in the short term.
Falling wedge on XRPETH suggests 130-140% gains for XRPLooking at the weekly chart here we can see the XRPETH chart is reaching the apex of a falling wedge its been in for quite some time. Should this see a bullish breakout upward we could see XRP make 130-140% gains against ethereum based on the measured move for the wedge. This pair's chart can be harder to predict than normal usd, btc, or tether paired charts but on the 1 day chart xrpeth is currently holding support above the 1 day 50ma. If it can maintain that support then we should see a bullish breakout from the wedge. We must keep in mind that often wedge breakouts only reach 60% of the measured move, but I've also seen plenty of wedges reach their exact targets and quite a few exceeding those targets as well and considering we are just now seeing the bull market begin it should increase the likelihood of this pattern reaching its target. Also XRPUSD is days away from the golden cross to put it in an official bull market which lines up pretty well confluence wise with where this wedge pattern would break upward.
Ripple, 2 Week Shifts Green, Falling Wedge Breakout? (XRP)As the other top contenders in cryptocurrency have been on a breakout mission as of lately... xrp ripple has been floating near the bottom of major support level aligned with the previous horizontal support level during the 1st major bullrun.
It is good to see it start to try and make that transition here. On the larger timeframe of a 2 week chart we see a potential falling wedge in play and currently a breakout formation.
This is an edge play. Strong impulse should send it back to 28-30 cents to test the previous break on an old support level, which is recent high and now Resistance.
XRP - Some signs of lifeAbout 100+ days without any significant action for XRP, but it seems to start slowly moving higher. Nothing special yet, so it's a good R:R to catch the pump (possible). Good thing - usually Ripple pumps hard, bad - idk maybe this time there will be no pump xD
But I prefer DeFi coins ATM to be honest.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
XRP/BTC (Weekly Bullish Sign?)XRP/BTC
-strong bounce at the lower trendline of support
-it is likely playing inside a bullish reversal pattern
-the only way to confirm this setup if we can see a break to the upside
-closing above the descending trendline will signal buyers to enter
-this setup is ideal for mid-long term view
-as the candles are defined by weekly size
-some bullish sign is the RSI is giving us a strong bias in the future
-please watch this coin, it may reverse soon
XRP/BTC (Weekly Bullish Signs?)XRP/BTC
-this coin has been in a downtrend since the start of 2019
-the price has entered the area of dynamic support
-there is a bullish divergence on the weekly RSI
-the pattern is forming a potential reversal channel
-we have two scenarios here
-if xrp is unable to break the downward trendline
-it may go down 1 more left before attempting to change the trend
-or if a successful break above 2400 sat
-then, we can say a temporary bottom at 1900 sat for reversal chance
-overall, things are looking good in the mid to long term technical view
Wanna have 10x more ETH? Buy XRP!Here's a better chart:
charts.cointrader.pro
So you're bullish on ETH?
Defi will lead the way for the next bull market?!
You're an emotionless market participant and want to make money?
Then maybe you should drop ETH and buy some XRP!
As you can see in the weekly XRPETH chart, several bullish divergences we're already building and playing out nicely for XRP.
Most moves we're violent and quick favouring XRP and this time won't be any different.
The MACD histogram broke out of the downtrend, tested the downward sloping trendline and is now trending towards 0 with a high chance of getting over it.
In worst case, we'll reject a 7th time at the top of the symetrical triangle, which is a 140% gain compared to ETH.
In best case, we'll breakout of the triangle and the fomo is real!
I see only a small chance for the triangle to break to the downside favouring ETH, because XRP managed to work its way up from March 2017 untill now and kind of build an ascending triangle, which can still break to the upside!
Around the price of 0.00063 I would consider ETH to be the winner. In this case I would favor to have some bigger bags of ETH, but untill then, indicator wise its probably smarter to have a good chunk of XRP!
What do you think of this analysis? Please comment down below! Thx!
I'm not a financial advisor, this is for entertainment purposes only :)
Do I need to explain such simple chart ?Hey let´s see what we got there.
Keep in mint that Good traders track and work with the market emotions too !
(Greed & Fear cycles helps to determinate reversals "fundamentaly" (XRP dead)
and when technicals meets the criteria aswell ^^ ...
I would like to know below the chart in the comments if I need to explain this chart any further.
If you have any questions do not hesitate to ask me.
Otherwise
ChaChain
TIP: Massive Divergences / Reversal Hedgeing
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
XRP/BTC (Descending Triangle - Broke Downside)XRP/BTC
-descending triangle broke to the downside
-weekly support is broken at the 2300s
-next weekly support is located at the 1500s
-if downtrend will continue, expect -30% more
-you have entered Long position above the 2300s
-your stoploss should have triggered already
-don't catch a fallen knife
-wait for the reversal confirmation
-before entering a Long position
Ripple Wait For 6th 4hour Candle Print TL Break / APEX**Ethereum similar set up, see link below
Area of Interest
XRP battling resistance and by the end of the day will come to the Trend line from the ATH (orange Trend Line) Price may battle this area or come down to test the APEX. If respects and goes higher a channel zone is in play. Will check back in a few candle prints
📈Support & Resistance📉
Support Levels
1st Support Zone: 0.17374
2nd Support Zone: 0.16117
3rd Support Zone: 0.14276
Resistance Levels:
1st Resistance Zone: 0.19951
2nd Resistance Zone: 0.21294
3rd Resistance Zone: 0.24600
Price Level Consideration
ATH: 3.35133
All Time High Half Way Point: 1.67567
Previous High: 0.34754
Previous Low: 0.11698
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 1.75330
🐻 Bearish below: NOW
Monthly & Weekly Opens
Monthly Open: 0.21305
Weekly Open: 0.19727
XRPBTC BULLPEN OPEN!!No oped on this one -- figured I'd keep it short & sweet. Head & Shoulders indicator coupled with massive volume surge led me to dig futher.
Green Horizontals represent TP1-3 with TP3 a midterm sweep.
Red horizontal worst-case stop.
Markt VOLATILITY: HIGH
Keeping this publication NEUTRAL as next move is contingent on BTC price volatility.
Risk/Reward: 25/75
BB / KC / VOL / Sqz & RSI all seem to bolster this bullish breakout (long overdue IMHO) as XRPBTC has been looming around trading sideways since the middle of last quarter.
Peace & Love all
@A1mtarabichi
RippleStock Symbol: XRPBTC
As much as I dislike this coin, a big opportunity for it might be coming around the corner. Tight price compression and and a lot of doji prints from my tools. We are funneling into a wedge pattern. But remember, patterns don't always represent bullish or bearish momentum. Money inflow and outflow is what your going to want to see when it compresses at the end of a wedge. Once I see confirmation on my candle crossover I'd look for entry. Adding some to a position here and slowly accumulating is not a bad idea at this price range.
Diversify and use 5% stoploss
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RippleI hate this coin with a passion. The chart is all over the place. Clearly looks like its died out and flatlined. Can the whales shake out the rest of the believers or is the start of the next xrp groupie breeding season. This is the bankers coin, simply because it's a scam. Drop your hate in the comments I'd love to hear from the xrp armada.
potential super long bull pennant on xrpeth?At least on the bittrex exchange we saw a ridiculously long bull wick recently on xrpeth...Afterwards we formed an equilateral triangle and both its bottom and top trendlines were drawn better by wicks than candle bodies...thus meaning we should measure the pole of the symmetrical bull pennant by the wicks as well...If this is indeed the case and we measure the pole by the wick, then that gives this bull pennant some tremendously bullish upside that could easily lead to a sustained golden cross on the xrpeth chart which no doubt if it hit that target would allow xrp to easily reclaim the number 2 spot from ethereum. I assume the wick isnt as big on other exchanges though so if thats the case this may not be a valid emtric to rmeasure the breakout target on but either way looking at the volume that came ion as we broke above the top trendline of the symmetrical triangle..it should be enough of a bullish breakout target to lead us to a potential golden cross even if we cant measure it by the poles massive bullwickm. If the golden cross is sustained I amy have to flip my eth holdings to xrp at least temporarily.
Something big brewing on XRPETH 1 day chart: looks like a bullish reversal candle of sorts as bittrex doesnt typically fall victim to flashcrash scam wicks like ethereum does. Neutral for now but won't take much to make my flip to long on this one just looking for some follow up confirmation on the next candle or 2. Massive bullwick and massive volume seems to hint at more to come.