Ripple May Outperform Bitcoin And Ethereum Again in 2018The first thing that comes to mind thinking about Ripple (XRP) is, “Ahead of its time.” This has been true ever since the project launched back in 2012 and this is true today. Ripple as a company has surprised many with how aggressively and tactfully they have captured the market and established their foothold. Most of us today lay a great deal of emphasis on smart contracts. Yet, it would be a surprise to many that Ripple (XRP) was actually one of the first few projects to roll out a smart contracts platform. That platform, introduced in 2015 was called Codius. Back then it did not have much success because it was way ahead of its time and the company chose to divert its energies to operations with higher demand. So, the project was disbanded for a while. However, it has been revived again by Ripple and will serve as a smart contracts platforms for applications built on the Ripple blockchain.
Ripple also launched a new project, Xpring in the hopes of helping new startups to build on the Ripple blockchain. The company announced that they will be investing in new projects started by proven entrepreneurs to support businesses growing on the XRP Ledger. Last year, Ripple CTO, Stefan Thomas stated during a Q/A session on Quora that 2018 could be the year of the Interledger. We have also seen Ripple (XRP) partner with an increasing number of banks and payment solutions companies at times when Bitcoin (BTC) was in a correction phase and all those positive news did not reflect in the price of Ripple (XRP).
Read Further: cryptodaily.co.uk
XRPETH
Will we climb the rope and ring the bell?We are trending towards the formation of the bottom of the handle and can expect to go up in the short term. Many speculations and positive news could also bring us back up to resistance sooner than expected, to then draw us back down to the bottom of the handle. Keep an eye out for a break in resistance, this could potentially bring us to $1 land and bring us in line within ringing distance. Time to hit the market for a new pair of sleds and vests, we're in for a ride.
XRPBTC - awaiting bullsSome of my friends requested me to analyze XRP aka RIPPLE. My chart is simple and based on price action. IMO as long it stays in the Fibonacci level or within trend lines, it has more chances to move upward. It might go test lower Fibonacci level before jump in.. price is shrinking and soon will move upward unless BTC crashes or some sort of news event.
Take profit would be on Fibonacci levels..
Please hit "LIKE" to support and visit my previous ideas to see, how my trade setup work..
Good luck...
Vinny
Ripple is now ready for the next bull run“Ripple will go up because of a lot of positive news like Santander’s launch of their blockchain partnership with Ripple and Apple will also use Ripple.”
Ripple, at 10:38 AM UTC was seen to be trading at $0.642 with a market capitalization of $25.149 billion. The coin has had a gain of 0.99% and it peaked at an intraday high of $0.708 at 10:30 AM UTC yesterday. Right now the coin is struggling to stay above the $0.65 mark which is crucial for the coin. Ripple ended yesterday at the price of $0.640 and right now the indicators on the hourly chart show that the coin is more likely to consolidate at this level or it may even go down. A 28.3% rally for the week was achieved by the coin with a 10.77% gain on Wednesday and a 19.24% gain on Thursday. Yesterday the coin dropped to an intraday low of $0.613 with a support of $0.541. The coin then peaked at an intraday high of $0.708 to test the day’s major resistance level at $0.703 before dropping to $0.60.
The sentiments of people from around the world say that that it was expected to happen as the hourly charts of most of the coins showed a tendency for them to consolidate. The Bitcoin dominance is slowly moving up to 42.5% as was seen at 10:27 AM UTC.
Our sentiment analysis segment provides you with sentiments of people from around the world which were gathered after having a discussion with people around the world to give you quality opinions on the current market trends. This segment is carefully structured after interviewing a group of investors, miners, skeptics, analysts, influencers and thereby framing their comments as it is
Ripple at the trendline. Ways to play it.Ripple analysis, per request.
Ripple has a very familiar formation to BTC right now. We are hitting this massive trendline and coming off of it.
Some observations on the daily chart.
1. MACD is crossing up, but not with much strength.
2. RSI is in the middle.
On the 4 hour:
1. MACD is very high and while bullish, looks a little over extended.
2. RSI is creating a little bit of divergence, but it's not really there on the smaller time frames.
There are multiple scenarios with how you can play this right now.
1. Throw a buy stop just above these highs at .67 cents for a move up to .75.
2. Wait for the break and rebuy at the .65 cent area.
3. Or wait for a pull back and buy in the .55 cent area. (this scenario especially I would use a martingale strategy to start laddering buys in, or throw a stop below the channel)
This is going to follow what BTC does. So if BTC breaks up and hits this 8.75k mark and ripple has broken up with it and is at .80 cents at the time. That would be a good time to sell. Even though ripple wouldn't be hitting a trendline, it flows with BTC and the likely hood that we will get a move down from the 8.75k-9k area is very high. That is what I would be watching.
Your resistance points on the upside are .75 and .88, but again watch for wherever BTC is and what it's doing.
On the downside you have .55 and .45 areas. With very strong support below that at .30 cents.
Don't stress, don't use leverage and pick your points!
-Sherem
Ripple - selling pressure falling - 5 wave - setup | A swing trader always ensures exponential buying/selling weight near atl and ath reverse to what the market seems to be doing. Most often these type of accumulations take time as they are in nature inverse to what the other 99% are doing hence often creating stretched out c-shaped cup patterns with handles.
Here is an excerpt from "The secret trading strategy from the 1930s that hedge funders don't want you to know about"
>“Those who understand it buy only when prices are low with the idea of selling when they are high; and they operate only in
the stocks or commodities which they can move best so they may secure the highest possible rate of turnover of inventories.”
Source: Wyckoff (1937)
It takes a while for a pro to accumulate a position in advance of a big move – buying too many shares at once would cause the
price to rise too quickly"
Volume is low --> lack of buying pressure/falling selling pressure driving market down which is a good thing for hedgers and cup formation traders
Always have an exit strategy in mind. Crypto is a volatile asset so don't invest what you're not comfortable loosing.
XRP IMPULSE TO $2.75 & POSSIBLE $3.5 BY APRIL Here is a quick over view of my XRP prediction...
An impulse wave similar to its original growth agrees with the .382, .5, .618 & 2.75 Fib for the previous growth.
Some degree of resistance to be expected around the $2 although with pending coinbase news this resistance may be shattered?
A copy of its original growth/trendline would put XRP at around $3.5 making a new all time high but it is also not unreasonable to see the coin hit $5 by this time as the news will come in midst of the 2018 crypto bull run, likely to be the biggest bull run of all time.
It will be interesting to see how this one goes... BUY BUY BUY
(I'll hold 75% of my coins for a few years and using around 25% for flips, likely to sell next lot at $3.5 - $5)
Ripple - H&S Pattern?Volume is low, There is great potential for a Tsunami coming XRP's way if we break up at the end of this triangle / H&S / Correction
Looking at targets 2$ is based on the height of Head to Shoulder Support.
Long term we're looking at 4-5$ b4 another correction then -> 10-20$
Remember to have an exit strategy with stopLoss in place b4 trading.
Ripple XRP/ETH Ready to Take off Again?After a good run Ripple, XRP/ETH on Binance has consolidated and found good support around 117.000. Volume is currently low and indicators (RSI and MACD) has formed a divergence.
Is Ripple ready to take off again?
We will see but it has a high probability to follow through when it breaks out of its triangle.
Trade Instructions:
Buy in Range:
117.000 - 118.120
Profit Target(s):
1. 122.900
2. 125.900
3. 129.000
Stoploss:
116.000
This is a low-risk high reward trade if you execute it right so good luck with your trading.
!XRP – Perfect wave analysis confirmed - Learnings/what's nextDisclosure: this is a repost of my Feb 10 Tradingview idea. It received over 2500 views but was taken down by admin because it contained some external links. Until today, I always included links to i) my website, ii) interesting other sources. Unfortunately, my ideas that contained links have now been hidden (it's against policy). Given that I found the post a very instructive & educational example, I decided to repost it - albeit 6 days later than the original post. See below for the (almost) full original ;-).
Post of Feb 10:
"Hi guys, this one is a crucial one! I really recommend you read this post until the end. Because… you will learn a hell of a bunc h on technical analysis! In my opinion that’s what we’re here for, & I want all of you – including myself – to become better traders & investors.
Let’s get the party started ;-) -->
In our initial post of Jan 22 , we called the last correction leg (leg “C”) in our Elliot wave analysis. We slightly adjusted our target on Jan 30 , & today we can see the perfect confirmation : a new impulse wave has started upward, ending leg C, beginning a new wave 1.
So in short: we ended the “correction" wave as we predicted and are now in wave 1 of a bullish “impulse" wave. (Feb 10 on the graph above)
The conclusion of our post on Jan 22 was simple:
--> "It is best to sit back some more while leg C is developing, & jump back into XRP when indicators such as MACD & the start of a new first wave leg confirm a bullish reversal."
In our post of Jan 30, I stated in the title " (!) XRP almost at crucial bullish reversal (>+100% potential) "
--> ... and we weren’t lying!
NOW --> Just have a look at our latest graph here above and you’ll see both the ending of leg C ànd a bullish confirmation in the MACD by a “golden cross” (blue line crossing red line with blue coming on top, and this just below zero) on the daily!
————
Let’s recap what we have been seeing right up until now:
1. Jan 22
Applying Elliot Wave Theory ("EWT") to the Ripple (XRP) graph clearly shows us that a C-correction leg is forming, after which a new upward impulse wave can start. You can find the full explanation (incl. ElliotWT) in detail by clicking on the chart:
--> You can also clearly see the movement of the five subwaves in the upward impulse wave, followed by that ABC correction.
2. Jan 30 - "(!) XRP almost at crucial bullish reversal (>+100% potential)" (post was hidden due to external links)
--> Closing in on the end of leg C & a bullish confirmation in MACD to confirm! (imagine graph below but without wave "5" in leg C)
3. NOW / TODAY (Feb 10)
—> The bullish cross in the MACD can’t be more obvious !
—> The downward trend channel is broken ! This is the channel that connects the top in (5) on Jan 4 with the end of leg C on Feb 9.
—> We are on the bottom of the Bollinger bands , meaning there is most likely only one other way to go: up! ( Boll. bands = the green "swingery" bands with a red line in the middle)
—> We see the bullish CCI trending upward
4. What’s next:
—> We’ll see more upward movement soon, but remember that also the upward impulse wave has its “red” correction legs.
—> We see the closing of the last candle here is at the 50% Fibonacci line. This one we will have to overcome before we can push through to the next target on the Fibonacci 38,2% (on the daily)."
XRP 100% upward potential, BUT FIRST to finish leg C down
Applying Elliot Wave Theory ( "EWT" to the Ripple (XRP) graph clearly shows us that we are currently forming the C-correction leg, after which a new upward impulse wave should be very likely to start .
--> We clearly see the movement of the five subwaves in the upward impulse wave, followed by the ABC correction, as prescribed by Elliot Wave Theory.
--> The C leg has been drawn for the first part, but can be expected to go lower (according to the wave theory principles), before a new uptrend can start, which is also confirmed by MACD and RSI indicators (see further).
Applying the Elliot Wave Theory rules:
EW Theory can be easily explained and applied looking at this graph. We can see the three rules hold true:
--> Rule ("I") Elliot Wave Theory rule 1: Wave 2 cannot exceed wave 1 in retracement (wave two can not correct to a lower price than wave 1’s starting point) —> OK
--> Rule ("II") EW Theory rule 2: Wave 3 can never be the shortest : a tricky one but subwave 3 is still longer than subwave 1 —> OK
--> Rule ("III") EW theory rule 3: wave 4 can never overlap wave 1 —> OK
Some guidelines are also highlighted and confirmed:
--> (i) Guideline: if wave 2 is steep, then wave 4 is relatively flat : Wave 2 shows a retracement from 0,000052 to 0,00003564 or 46% correction, which is quite steep so 4 will be relatively flat and is actually around 20% —> OK
--> (ii) Guideline: After a "5-wave" impulse advance, corrections ( abc ) usually end in the area of prior Wave 4 low —> we use this as a FIRST ESTIMATE to where the price will retrace BEFORE taking of for the next 5-legged impulse wave upward!
Additional information on the graph confirms our viewpoint:
--> The MACD is still in decline with the red line over the blue + will reach a bullish cross somewhere around end of leg C.
--> RSI is also in a downward trend for the moment.
Conclusion:
--> It is best to sit back some more while leg C is developing, and jump back into XRP when indicators such as MACD and the start of a new first wave leg confirm a bullish reversal (note: price potential at this time to All time high is around 100%, but will be even more from the C leg bottom).
PS: this article is by no means intended as formal investment advice, please do your own due diligence and best of luck!