Xrplong
XRP is on the move to $0.78!XRP has broken out from the downtrend bearish channel by breaking the downtrend line and confirming it as a support level.
Currently the 4h technical aspects are looking very bullish and strong bullish momentum will be seen as the volume is increasing.
RSI is above 60 and MACD on a strong buying wave, last confirmation will be the 20 and 50 buy signal.
The target levels are located at:
$0.64 - 7% profit
$0.68 - 14% profit
$0.74 - 25% profit
$0.78 - 30% profit
Thanks for your time and good luck with this XRP trade!
Cheers, Tibor.
XRP trading idea with good R:RIn the last upward move XRP did not hit the long-term resistance (the dotted pink line), now resting at long-term support (the red line @0.455) there is an opportunity to try again.
My trading strategy is to but now aiming for 0.9, expecting some short-term resistance at the top of the downward channel as highlighted by the blue projected bar pattern.
Move would be invalidated if we close below the channel, around 0.38.
Not trading advice, just sharing my thoughts.
XRPBTC DO or DIE TIME!!We should get a bounce from here... (0,00002500 Sat )
- bull flag
- 27 MA support 2D, 10D, we have 21/27 weekly MA and 50 weekly MA
- Stoch RSI daily at the bottom I expect a positive flip.
for now, I am aiming for 0.00003360 SAT as a target. we have money 21/50/300 MA as resistance and also monthly close from last m month.
- What I want to see weekly 21/50 MA bullish cross
- price breaking 0,00003360 sat with strong volume which is also 0,702 fib retracement at.
if we break below 0,00002464 sat daily close I will exit from this coin.... this means price going below 21 weekly Ma
and also breaking big support I see no hope for it
Target at this moment:
0,00003360 ( 21 Monthly MA)
0,00003774 (200 MA weekly, 50 MA monthly as resistance)
if we can clear these 2 target expect more explosion form XRP
Must hold/support:
1: 0,00002460 ( this arena been acting as support and resistance since 15 September 2015)
2:0,000021xx
XRP Buy the break of downtrend.Ripple - Intraday - We look to Buy a break
Trend line resistance is located at 0.5850.
Further upside is expected although we prefer to set longs at our bespoke support levels at 0.5900, resulting in improved risk/reward.
Trading volume is increasing.
Daily signals are bullish.
We look for gains to be extended today.
Our profit targets will be 0.6388 and 0.6621
Resistance: 0.5650 / 0.6000 / 0.6400
Support: 0.5400 / 0.5000 / 0.4560
Break out or Break down?A little more time for us to find outIve been watching this for almost a week or two and it is trying to create from time to time a triangle to another triangle to a bigger triangle. Is this the last triangle for us to find out if this is the continuation pattern for XRP to go more level or upward rise?Focus...Trading is so much fun......It is a a challenge on mental prowess. What can you say guys?where are we heading?
XRP/BTC : What are the important areas? - Airdrop approachingJust wanted to give a quick update on XRP/ BTC - the airdrop approaches on the 12/12/20 and every holder of XRP will recieve 1 SPARK token for every 1 XRP token they hold.
It sounds great on paper - but many new investors see this as a easy way to make "free money", the risk being after the airdrop occurs the main token can plunge leaving the investor with a largely devalued asset & if the free token from the airdrop does not hold value you put yourself in a bad position.
One strategy you can use to prevent this is using a trailing stop loss, or manually raising your stop loss as price increases. You may get knocked out and lose your chance at a airdrop - but more important is not losing your initial investment or having a extremely large dint in your portfolio from bag holding a failed airdrop hype.
Right now XRP is showing some Bullish signs - for example the Bull Pennant pattern (where price makes a straight run upwards then converges inbetween a small wedge with 4 touches, a potential sign of continuation upwards) but signs are just that until proven true. We are still under some important resistance areas, and i give a warning that if XRP BTC loses the key support area of 2900-3000 a significant decrease in value is possible.
The Bull Pennant pattern is not the only mixed signal here- it has a high success rate - but all patterns can fail. We have been making consecutive LH's Lower Highs which are a sign of a downtrend continuation, but we are also making a LH (Lower High) which is a sign of a uptrend continuation so XRP is coming to a pretty crucial area and we should see confirmation of direction soon.
The fibonacci tool is usually drawn from one key swing point to another - and gives us potential key levels to watch. It is quite common for the price to come up to the 0.618 fibonacci and decrease in value, rejecting from there. Right now XRP has currently come down from that area, aswell as a Supply Cluster (if you dont know what a Supply Cluster is; click on the below linked idea for a in depth guide on how to use them in your Technical Analysis ), basically a Supply Cluster is a small rectangular formation where a large decrease in price occurs from - when price revisits this area it is common for it to decrease in value once again.
These factors lead me to believe that short term the 0.618 & Supply Cluster is the most important point of reference followed by the support under us. So while we are under the 0.618 resistance area i would be wary on XRP. If it does start to increase in value as a trader i would definately consider a plan to take profits and be out of the trade before the Airdrop ends if thats what your aiming for - or know where your going to cut your losses if thats the case, as mentioned under 2900-3000 satoshis can see a large retrace with a potential of moving down towards 2400-2500 satoshis.
If you were wondering what the zones you can see on the charts are - they are explained in the bottom linked idea :)
Thank you traders, if you found this post informative show your appreciation by giving us a like or comment!
XRP- Third attempt will be DECISIVE (70%🌄 / 30% 🚽 )XRP- 3rd attempt to break under the 3rd support is crucial 3️⃣3️⃣
We are coming closer to the third (3rd) attempt to break the 0,485 level.
It came close but no touch/check , which is a bullish sign. This gives Buy positions an statistical advantage now.
Third attempts are the ones with the highest probability of succeeding- in this case to break under. (then 6th and 9ths)
Now is a good time to start buying but IF it breaks under the support (0.489) you need to be aware because the 0.40 level will be a magnet pulling the price towards it's level 🧲
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.6531 (stop at 0.6388)
Daily signals are bullish. 50 4 -hour EMA is at 0.5970.
Trading within a Bullish Channel formation.
Short term MACD has turned positive.
The bias is to break to the upside.
Our bias remains bullish and further upside is expected to target resistance at 0.70.
Our profit targets will be 0.6978 and 0.7288
Resistance: 0.6200 / 0.6400 / 0.6650
Support: 0.6000 / 0.5800 / 0.5500
XRPUSD: Possible Long| Alt Short (08.12.2020)On H4, XRP price fluctuates into the corrective model of the triangle. Besides, there is a convergence bull model between RSI and price.
On H1, the price is correcting downward, reaching the key support levels by Fibonacci. Also, the RSI has reached the oversold level, signalling the possible end of the correction.
We recommend buying XRP (to keep the position above $ 0.8). However, we also recommend paying attention to an alternative scenario, which implies the formation of a false trend pattern and the start of a price decline to $ 0.4.
CRYPTO: XRPUSDT Long Setup - Trade The BreakoutWe can see that XRP is one again in a triangle. I shorted XRPUSDT this morning from the upper trendline resistance of the triangle and booked profits as you can see in the illustration. I'm looking for a potential long setup and to keep my stops tight, I will look for price action entry at the lower trendline support of the triangle.
Short term price target levels are 0.70 and 0.80.
XRP airdop pump incoming?We broke out of the triangle but will we see any increase in price with the upcoming airdrop? or has that already been priced in.
I see a lot of people calling for $1, if that were to happen I think we would need a shakeout before hand. I can see us trend up to previous resistances and then drop after airdrop.