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Xrpthestandard

The Only XRP Analysis You Need: Part 2, Cheat SheetObviously this is a little bit more elaborated than the past few charts I've been posting, but that being said, XRP is still following its Wyckoff Pattern to a T. The lines are estimates and obviously in no way accurate representation on the exact price and date that these moves will happen. Bitcoin is supporting ETH as it goes through it's 3rd quarter of its Wyckoff Pattern, at 4th quarter ETH will take a bite at it's new all time high, and I would assume Alt coins will follow and do their rotations afterwards Wyckoff Patterns usually lasts for years but with crypto market and the "4 year cycle" narrative in play, the patterns are obviously going to be on steroids so trade with extreme caution. If you have any questions, feel free to comment and I will try to answer them :> Ciao
BITFINEX:XRPUSD
by christophbanks
12
ACUMULATION SCHEMATIC #1 WYCOFF EVENT & PHASES Who else was expecting XRP to have gone already? We re months away from being at ATH. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term. BU—“back-up”. This term is short-hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
POLONIEX:XRPUSDLong
by AdonisB
4
What would happen if '17 repeats again in xrp this '21Sometimes just for fun I like to play around with extensions and see what happens... this time evaluating XRPUSD i found something quite interesting. If that was the case, and we are reliving the '17 pattern, look at what would be the target of the first wave, more or less 1.96! what is more amazing is... the correction of this wave should be.... 0.85!! (so far so good for this 2021 first wave!0.17-1.96-0.88) If that doesn't rythm... well just take a look at the dates by yourself! first wave on March followed by april correction (simple) third wave on May followed by jun/nov correction (complex) fifth wave december/january. It's nice to look at the highs but the corrections ar enormous! -57% and -44% respectively to second and fourth waves... I'm a long time holder and I'm used to it but hey... if I see that 11.3 by June... you guys know who will be getting that 4th wave correction xD I'm aware of SEC's lawsuit and everything but, 500b$ market cap (+-11$/xrp) doesn't sound crazy at this point with all the craziness we are living. What I see crazy is the 5th wave target 93.5$/XRP or 4.25Trillion $ market cap at current circulating supply! but hey.... who knows! (maybe what certain scrow manager suggested becomes a reality and some 50bn XRP dissapear! or maybe thhey deem XRP as a security in the USA and this goes to nothing) I repeat, this is just for fun and the intention of evaluating crazy targets (and possible rythm with the past!) If some of this becomes true... enjoy, be responsible, and take profits! you've earned it!
BITSTAMP:XRPUSDLong
by kncokoff
3
XRP BULL FLAG ON BULL FLAG SERIES -- UPDATE (4.17.21)XRP BULL FLAG UPDATE: Just personal notes/ideas so take for whatever it's worth & do your own research, but just wanted to share another update on the series of Bull Flags XRP has been printing over the past few weeks. As you'll see in linked idea below, got a bit ahead of myself earlier this week when prices across crypto took a bit of a dive (XRP fell a bit further than most), but appears to be a healthy pull back all things considered given the relentless gainz we've been posting for the past few weeks straight. I say all of that to just share that the Bull Flag #3 is still very much in play as far as I see it. I will be watching for any movement outside the flag outlined in Purple on the chart before we can confirm anything one way or another, so let's see how it all plays out! Have a great weekend, everyone! And remember that nobody does green candles like THE STANDARD -- XRP! Keep those Diamond Hands strong, XRP Community! "The best revenge is massive success" -- Frank Sinatra (probably talking about XRP & Ripple rising up above the haters and criminals at the SEC to shock the world...)
BITSTAMP:XRPUSDLong
by buylowsellhigh89
1
XRP BULL FLAG ON BULL FLAG SERIES #3We have yet another beautiful Bull Flag formation on the XRP 4 hour chart here as we continue to consolidate in this $1.693 - $1.71 range. I believe XRP is shaping up for yet another big move higher if we can see a breakout to the upside of the flag noted in purple on the chart. If this is to be the case, we should pretty easily clear thru the $2.00 level and then I think we might not encounter much overhead resistance until we get closer to $3 ... this would also be a gain consistent with the breakouts we have seen over the past few weeks as we've broken out of similar bull flag patterns. CHEERS & GOD SPEED, XRP COMMUNITY! PROUD OF EACH OF YOU THAT'S HUNG IN THERE THROUGH THE DARK TIMES... WE DESERVE ALL THE GREATNESS, SUCCESS, ABUNDANCE, GOOD FORTUNE & HAPPINESS THAT AWAITS US!
BITSTAMP:XRPUSDLong
by buylowsellhigh89
5
Rising Wedge and Triangle Formation. KEY LEVELS!Many has mentioned a breakout to higher targets, Yes there is a huge triangle on the 1 hour chart, but there is also a "hidden" wedge present. We are most probably going to get a retracement to the levels showed in the chart. Remember, already in 2018 the Sweedish Central Bank had moved liquidity worth over a 1B SEK via Ripple. You really think they do not know what they are using? Have a great day, and good luck :) If you want to educated yourself : www.youtube.com
BINANCE:XRPUSDShort
by MonteCarlono
1
Rising Wedge and Triangle Formation. KEY LEVELS!Many has mentioned a breakout to higher targets, Yes there is a huge triangle on the 1 hour chart, but there is also a "hidden" wedge present. We are most probably going to get a retracement to the levels showed in the chart. Remember, already in 2018 the Sweedish Central Bank had moved liquidity worth over a 1B SEK via Ripple. You really think they do not know what they are using? Have a great day, and good luck :) If you want to educated yourself : www.youtube.com
Short
by MonteCarlono
Falling Wedge and Triangle Formation. KEY LEVELS!Many has mentioned a breakout to higher targets, Yes there is a huge triangle on the 1 hour chart, but there is also a "hidden" wedge present. We are most probably going to get a retracement to the levels showed in the chart. Remember, already in 2018 the Sweedish Central Bank had moved liquidity worth over a 1B SEK via Ripple. You really think they do not know what they are using? Have a great day, and good luck :) If you want to educated yourself : www.youtube.com
Short
by MonteCarlono
6
XRP - inverse head & shoulders inbound BULLISH MOVE INBOUND! H&S forming - should play out in the next 24 hours Trading an Inverse Head and Shoulders Aggressively - A buy stop order can be placed just above the neckline of the inverse head and shoulders pattern. This ensures the investor enters on the first break of the neckline, catching upward momentum. Disadvantages of this strategy include the possibility of a false breakout and higher slippage in relation to order execution. 17% gains to be made - next level of resistance after .50 is the .57 An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. GOOD LUCK XRP HOMBRES!!!
POLONIEX:XRPUSDLong
by AdonisB
2