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XRPEUR

XRP shows contradictory signalsOn the stoch side, the indicator has a very low value, if we look on the past, it has been a buy signal any time for XRP on 1D. We also reached the main support, which is also a classic buy signal. This could be the bottom of a huge bullish flag started in june 19 and finishing in March 20. That could be a classical and logical trade scenario. But one the other side, MACD signal is not on his best and space between EMA 50 and EMA 200 still growing. So the support could break and we could retrace a downtrend channel instead of a bull flag. I'm for the first option, like 51% - 49%. On my last XTZ idea, we had alsmost exactly the same configuration and XTZ just made a bull run and even broken the resistence of bullish flash. We can imagine the same thing for XRP. What do you think?
by Spare1
20191105 XRPEUR Open Short PositionHi there, Just and idea after analyzing XRPEUR Movement this year and areas, specially supply and demand, and some chart patterns that indicates the price could go down before it starts up. Right now, it's starting to curve, giving sign of downtrend. As usual btc goes on the hand of btc and since you may see in some analysis i have made on BTC, this could go down too. More than once i have noticed volume blocks on Kraken on 0.19 euros. This could be anothr sign too. So, in personal opinion, it could be a good place to open a short position for a couple of months while price goes down to demand area. Again, Just personal Idea and not financial advice. Cheers! Charter X
Short
by CharterX
Ripple's life scenariosHello, Traders! Monfex is at your service and today we overview XRP/USD . On the chart, we see two large channels (ascending) that set the PPP trend up. Locally, it is located in a small downward channel. The first scenario: there is a support zone where the support line of one of the channels ~ $ 0.15 - 0.20 also crosses, from which an impulsive push up to new historical peaks is possible. Also, it can be assumed that the RSI will move to the positive bull level of 0.40+ by the end of the year. This triangles pattern looks confident. There is also another assumption: MA100 is located above the valuable one and acts as a resistance, which is not a very good buy signal. Having sold this zone, there is an option to go to the support of the second large channel of ~ $ 0.5 , which will be an apocalypse for the entire cryptocurrency market and then we can expect massive cleaning in the market, many will not survive in this state of affairs. I am inclined to consider the first scenario more likely, but I could not afford to not consider the second. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
POLONIEX:XRPUSD
by Monfex_UK
Profitable Ripple Hello, Traders! Monfex is at your service and today we overview XRP/USD . The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone. MA100 && MA200 support the bulls. But if bears will take the price under a previous peak and fix it under the last support line, then we should expect a further decline movement to ~ $0.2501 . The resistance zone ~ $0.31-0.32 The local resistance zone ~ $0.304 The local support zone ~ $0.283 Supposed Trade Signal by XRP/USD Buy near $0.28 Take profit ~ $0.375 Stop loss at $0.27190 Market Cap $12 630 398 456 USD Volume (24h) [b$2 597 021 191 USD Circulating Supply 43 248 091 671 XRP Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:XRPUSDLong
by Monfex_UK
Ascending Ripple Hi, dear Traders! Monfex is at your service and today we overview XRP/USD . Ripple in the ascending channel, formed an ascending triangle whose target is the resistance zone and the upper line of the channel, but this is 55% probability. 45% is a breakdown of the channel’s support lines and further correction, in support of this idea there is a big bearish divergence by RSI. What to expect in the near future from Ripple ? XRP in a short-term has bullish divergence by RSI and may rise to the line of resistance of the triangle. The resistance near $ 0.305 - 0.32 The local support near $ 0.2855 Market Cap $12 619 499 034 USD Volume (24h) $1 512 163 355 USD Circulating Supply 43 242 653 330 XRP Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:XRPUSD
by Monfex_UK
XRP - The global financial reform curve is mounting.With the SWELL conference only 19 days away... we sure have a nice setup. Still, plenty of FUD to go around... but something is in the air. Something is different. The entire world is changing, and it is being felt by many. It is foolish not to take some level of risk on XRP. I live a life very deep in tech, spend most hours of the day programming, and love the idea of a cyberpunk world. But even though, I think it is foolish to believe that Bitcoin will be the only crypto in the new worldwide economy. And the new global economy is underway. Most of us are blind to it, think we know better, or don't care. But those of us who are paying attention will reap the rewards. Just remember that wherever you are in the world, that you will need to take care of it. The greater your reward, the greater your responsibility. If you allow those around you to suffer, you will suffer as well. We are at the true beginning of a very large sweeping global change. It is exponential. If you participate, your life will be forever transformed.
KRAKEN:XRPUSDLong
by obsidian791
4
Yearly Support Looks Really GOOD on XRPI must say, the bounce from the 0,21 XRP/EUR pair, same on XRP/USD Looks really solid. Target of 1 EUR, just above 1 USD looks really good from here. If it might drop lower, almost any level looks like a good buy, but do your own research. Swell event is upcoming and Ripple already put out some positive news on XRP now ODL (On Demand Liquidity) and might have some big announcements upcoming on Swell and towards end of year and further. Take care and feel free to comment.
Long
by TradeReact
1
XRP - Bullish Continuation or Inverse Head and Shoulder Setup?XRP has grown close to 40% since it's Sept 23rd dump and is looking very bullish. The price action is sitting on strong resistance around .0000337. I will be looking to see if the bulls can push the price beyond the green resistance trend and hold above it. If so, we may have a bullish continuation to the upside. However, if the price gets push back down, this may establish the neckline of an inverse head and shoulders pattern. I will be using this second chance opportunity to grab so more cheap XRP while I can before the right shoulder completes.
by jpbrown1023
XRP: The RevelationHey everyone! I believe lots of things happened since last year and it is time to provide you an update about XRP! I have been working really hard to improve my skills and will try to share the most of it through this analysis. Most of Crypto Traders (CT) believe that XRP is in capitulation and has not finished its downtrend cycle as new lows have been found in August 2019 at nearly $0.24. However, other indicators such as market cycle, RSI, volume or Elliot Wave (EW) count are telling us another story. What does it mean and what can we expect next? A) The Neglected Essential: Volume So where to look at it? A longer timeframe is always more significant than a lower timeframe. In that sense I will mainly use long-term timeframes for my analysis including Monthly, 10 days, weekly or daily to focus on details. I would like to start analyzing volume as it represents the activities of traders. In my opinion it is the most important indicator. It should not be ignored. On the monthly chart Price and volume are declining – however XRP finds higher lows but volume reaches lower highs. From volume perspective - It means that sellers are getting purged…It is more and more difficult for bears to short the market… What does it mean? Imagine you have a sponge in your hand and you finish cleaning your dishes – what you would like to do is to remove the water from the sponge as much as you can. You will eventually press the sponge, so the water can get out… Then you let it bigger and press on it again to remove the water until it gets dry. A market maker is more or less like you trying to remove the water from the sponge. So, your money is the water and the sponge is the price on the market, when there is no water anymore, nothing much should happen until a Pizza is delivered and the dishes need to be cleaned again. I hope it makes sense On the Monthly Chart: On the weekly chart – it is exactly the same: B) Japanese Candles I believe the Japanese candle is the second most important indicator and will be a catalyst for the next XRP bull run – We usually expect a Hammer or a Doji for a reversal – but there is nothing to see for the moment… I am looking for a nasty candle! I would like you to pay attention to the size of the wicks vis-à-vis the open and close candles – We can clearly see that they are getting bigger since April 2019: May / December 2017: March / December 2016: C) RSI and MACD XRP is printing a bullish divergence with the RSI/MACD on the weekly chart – it means that the price is declining but MACD and RSI are producing lower lows: This is also true on the 10 Days chart: Please – pay attention to MACD on the 10 days chart–the diagram and EMEAs are producing lower lows– it is bullish. It is the same on the weekly chart – I am very much looking at the current last bars - if they are able to reverse - it would be a bullish signal. D) Elliot Wave Count I believe the last Bullrun from 2013 to 2017 was an impulse wave 12345 (1 is often not counted by CT because it is not visible on Poloniex – I took the data from Coinmarketcap). If we assume that XRP is bullish, which is objectively true today when looking at the weekly or monthly chart – XRP is moving up: We can potentially say that wave 4 corrected in April / May 2017 through a contracting triangle as per shown below: If it holds true – there is a strong likelihood that XRP should end its consolidation in that area as per described by Prechter – (waves C or Z generally correct in wave 4 area). For XRP – it would correct between $0.13 and $0.28 following this rule…. September 2018 would be called “X” because of -subdivision inside wave W (I am not going in too much details – maybe later) -volume of X -nature of the move – when XRP spikes, it is strong and straight (as wave 1, 3 and 5) If this thesis is true, Y must be an ABC correction and cannot correct in WXY (however C of ABC can be a WXY as per shown in red). I believe ABC is therefore a Flat and should normally correct at nearly $0.20 – Interestingly – I have found a confluence of price extension through the current price movement from end of August until beginning of September 2019 at 1. Moreover, we can clearly see that the previous price moves have already reacted quite well to 0.618 extension at $0.32 /0.786 at $0.272 C would correct at 1 at nearly $0.20 Y of C would correct at 0.618 / 0.65 at nearly $0.20 / $0.205 Little C (not visible here) of C would correct at nearly $0.20 Elliot wave is very practical and powerful but because of alternate counts – I believe I would need more confirmations from other indicators before assuming such scenario. E) Supports/Resistances and moving average I am sure that everyone has seen the analysis of MagicPoopCannon - Available here: I would like to thank him for his work. I partially agree with him – I like the channel he has drawn but I would like to drag your attention on 2 important points: 1) Data is missing – MagicPoopCannon has only taken what is available on Poloniex and started his trend from X whereas the trend started from wave 1 (available on Coinmarketcap) – In that sense, I have decided to complete the channel. 2) Major supports and resistances are being played here and they strongly influence the current price movement. Again, my method consists of starting from wave 1 (XRP reached nearly $0.06 on December 2013 to reach wave 5 at nearly $3.40 in December 2017). I have drawn a parallel trend-line that is interesting enough to be in parallel to wave 4 as well… To validate this channel, I have created a middle line (red) and assessed if the price was reacting to it as a support or resistance…It clearly does as per shown below. This trend-line was used as a resistance in 2015: From 2017 to 2019 – this trend-line has proved to be reacting to XRP price movement more than once as per show below… Could we then assume that XRP could go to $0.07 as it appears to be the next support? In this chart, you will find all the necessary details to understand my logics… Yes, it is a possibility but we are not here yet – more battles need to be done before… Moreover, XRP can definitely move sideways until March May 2021 in order to kiss the blue trendline… I am not a big fan of this scenario as I am looking for confluences through a variety of methods and indicators. For the moment, let’s have a look at the intermediary/current supports and resistances and see how XRP is reacting to them… I have drawn a neckline (purple) from X to the point of resistance/support (red). It was a resistance in 2015 but was broken in May 2017. Hence, could we imagine that the price could now be tested on that support in purple at nearly $0.20/ $0.22? From wave 3 to wave W (yellow) I have been able to draw a trendline – I consider this trendline important as it is built across point of congestions / accumulations where XRP strongly bounced between May and December 2017. From wave 5 (yellow) to have (b) (white) I have drawn a second trendline that was used as a resistance – we can see that XRP was strongly rejected in December 2017 as well as in June 2019. From there, it is easy to identify a descending triangle – which is bullish. Moreover, the purple trendline previously described is crossing over the support of the triangle at nearly $0.20 / $0.22. For the moment, everyone is very excited to long this area but I would not, excepted if I get more confirmations. Indeed, I have drawn a symmetrical trendline in this triangle and found that the price is currently struggling to break that resistance. It can break it but it would face the resistance of the triangle and will likely be rejected to the bottom of the triangle where the purple neckline is waiting to be tested Last but not least XRP is moving quite well around EMEA 200 / 233 on the weekly chart. We can see that it is currently playing against the symmetrical neckline in orange but sitting nicely on EMEA 200… Why not testing EMEA 233 (blue) after being rejected by the symmetrical resistance and generating a nasty candle like a hammer on EMEA 233 (blue)? F) Time I believe I could have put this chapter at the beginning of my analysis as time is very important, probably as much as volume. My method here consisted of using the Market Template developed by Mark Minervini to identify cycles Stage 1: Neglect Phase: Consolidation Mark described this cycle has Dead Money where more interesting assets could be traded instead Stage 2: Advancing Phase: Accumulation Volume is increasing and shows a good support from institutional investors – this is when price start to spike up. Stage 3: Topping Phase: Distribution The price is increasing but also dropping back and forth – this is when the average Joe are entering the market while professionals are selling Stage 4: Declining Phase: Capitulation: The market is declining while the market makers try to shake all the weak hands Interesting enough, I have captured the price of XRP through Fibonacci numbers including 988 / 610 / 377 / 233 / 144 and 89. I have found that a new cycle starts every 233 days – this is confirmed by the top and bottom in 2017 and 2018 but also from August/September 2018 to January 2019 From each end of cycles, I have counted 89 days and found that the cycles described by Mark were perfectly matching inside each of this 89 days cycle. In that sense, we are potentially in the Stage 2: Accumulation Phase if my analysis is correct… Moreover, counting 144 days from the cycle helped me to identify how the price was moving against a trend-line that are all parallel to each other and where the price of XRP is moving constantly toward it. This is another confluence/confirmation of the above cycles. Conclusion A) XRP is showing a decline of volume while price is reaching higher lows – It is true on the monthly, 10 days and weekly/daily chart. It is bullish in my opinion B) The wick of the candles are getting bigger – which is similar to prior bullruns – no sign of reversal such as Hammers, Doji or even Tweezer bottom described by some CT yet. I believe if a such candle occurs, it would be a clear bullish signal for the market C) RSI and MACD are showing some nice bullish divergence on the weekly / 10 days charts. The EMEAs are printing some higher highs while the diagram is almost ready to reverse D) The EW count is potentially confirming an X wave, which could let us guess that Y could be near through an ABC Flat correction – Found a confluence of price extension at nearly $0.20/$0.22 E) The most frightening part of this analysis is through the supports and resistance where we can see that XRP has been rejected through a major resistance – XRP is in a descending triangle that is crossing over a huge neckline in purple. This is very bullish. F) Market cycles combined with Fibonacci numbers indicate that we could be in the Advancing Phase: Accumulation. I will update you if my analysis is liked and shared – please leave comments and follow me on Twitter! @TheRealArKaiN
POLONIEX:XRPUSD
by Satonacci
15