XRP Tries To Reclaim No.3 Spot With 0.75 resistance in sight!Hi Everyone,
Just thought I would share some of my thoughts on the current patterns and resistance zones for XRP. Now that Cardano has officially taken XRP's status as the third largest coin pressure has been coming back in from the bulls. Frist target is around $0.75 and a close above this area signalling a stronger move to $1.00! From that point we could see some serious buying opportunities and even a possible movement back up to the 2017/18 highs!
Good luck everyone,
Tom
XRPEUR
XRP Sell a break setup.Ripple - Intraday - We look to Sell a break of 0.4084 (stop at 0.4241)
Trading within a Bearish Channel formation.
50 4 hour EMA is at 0.4106.
A break of 0.4100 is needed to confirm follow through negative momentum.
Our outlook is bearish.
Trend line resistance is located at 0.4300.
Our profit targets will be 0.3607 and 0.3412
Resistance: 0.4300 / 0.4500 / 0.4700
Support: 0.4100 / 0.3800 / 0.3600
XRP Sell a break setup.Ripple - Intraday - We look to Sell a break of 0.3535 (stop at 0.3690)
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
This over-extended move shows no sign of slowing.
We look for losses to be extended today.
Our outlook is bearish.
A move through bespoke support at 0.3600 and we look for extended losses.
A higher correction is expected.
Our profit targets will be 0.3084 and 0.2626
Resistance: 0.4000 / 0.4100 / 0.4250
Support: 0.3600 / 0.3300 / 0.3000
XRP Key Levels To Brake Above BITSTAMP:XRPUSD
Yesterday we saw massive xrp price spike that went above and beyond of my expectations, but nevertheless, looks like that the alt season is happening for xrp. 2 days ago it was starting to become more and more obvious that btc price has started to decouple from alt coins, at least that was the case for xrp and doge coin.
So with this recent spike we even poked through purple resistence line, but were unable to stay above it so price quickly dropped 15% from there. As we are still holding those new prices, and considering how aggressive this recent spike was, it is safe to say in my opinion, that we will go much much higher VERY soon.
On the way to reaching 2017 ATH, xrp must obviously go through a number of resistances, some of which are very important to be broken through. One of such is a orange resistence line followed by blue one. If we broke above those two with the same, or even stronger aggression, we can expect next for the yellow and eventually major green ATH support to be broken and thus prices to rich new ATH which can be somewhere around $13 according to the fib. retracement.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
XRP Sell the resistance.Ripple - Intraday - We look to Sell at 0.2796 (stop at 0.2881)
Daily signals are bearish.
We look for a temporary move higher.
Bespoke resistance is located at 0.2800.
Pivot resistance is at 0.2850.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 0.2521 and 0.2412
Resistance: 0.2600 / 0.2800 / 0.2850
Support: 0.2500 / 0.2450 / 0.2400
XRPUSD - Curved MoveXRP has some upside ground to cover before it creates the next downside dump.
I would like to see a push into the prior order block highs before continuation into the level marked, as illustrated.
I assume the majority of people would be selling from this break and retest at the current price but I'm sure the market will do some manipulating before the true move is revealed.
BTC Likely outcome.COINBASE:BTCEUR
This is my view on what can we expect with BTC price in this bull cycle. Will see it soon together haha. History tends to repeat itself in this market as it does anywhere else. You should know that i am not a financial advisor so i could still be wrong.
Express your idea in the comments below.
Wish you successful investment to you all.
XRP What can we expect in the short term.KRAKEN:XRPEUR
We have formed some kind of short term descending triangle, judging by how we entered it. On top of that we have some halting of the trading on Coinbase and than Kraken, but i don't think that will have much of an impact on the price. What it can happen is that we fall down from the triangle and probably through orange support. The first stronger support is than the green one. Green support could reverse the price, but if even that one wont hold, then there still are 3 stronger supports (purple, blue and yellow trend line support)... The life saving is in my opinion yellow 4year old trend support line.
Tu sum up, any of those supports could potentially reverse the price upwards, we can even break upwards from the triangle itself. Will update on that.
I am not a financial advisor and non of this is a financial advise. It just what a like to do and share my view as i also hold quite a few XRP myself.
If you wish you can tell me in the comments below of what you think.
Wish you all successful investment.
XRP Buy the uptrend.Ripple - Intraday - We look to Buy at 0.2783 (stop at 0.2649)
Short term MACD has turned positive.
Trend line support is located at 0.2780.
We look to buy dips.
Dip buying offers good risk/reward.
Hourly momentum has stalled and our bias is now neutral.
Our profit targets will be 0.3188 and 0.3287
Resistance: 0.2900 / 0.3100 / 0.3200
Support: 0.2850 / 0.2600 / 0.2500
XRP Likely outcome.POLONIEX:XRPUSDT
By now it's becoming more and more clear that history tends to repeat itself. In the case of XRP we are most likely gonna see only one alt season which could take us in a $13 range before trend reverses. In my opinion, all those negative news surrounding xrp is just a micro noise in a chart, as far as volatility. It is clearly going to much more aggressive.
I am not a financial advisor, i just do this as my hobby so all this might go sideways, but it's becoming highly unlikely in my opinion. Let me know in the comments below.
Wish you all a successful investment.
XRP Buy the uptrend.Ripple - Intraday - We look to Buy at 0.2626 (stop at 0.2486)
Short term MACD is moving higher.
Trend line support is located at 0.2630.
We look to buy dips.
Dip buying offers good risk/reward.
Hourly momentum has stalled and our bias is now neutral.
Our profit targets will be 0.3042 and 0.3148
Resistance: 0.3100 / 0.3300 / 0.3700
Support: 0.2850 / 0.2600 / 0.2500
XRP = Symmetrical Triangle After Breakout of the down XRP could fall and give us a very interesting Short Trade in order of Technical Analysis's rules regarding Symmetrical Triangle Patter.
Take also a look at the LINK RELATED IDEA on the bottom to see our Long Term Vision XRP/BTC.
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HAVE A NICE TRADE