XRPBTC: Becareful PeopleHi All,
It's all in the chart: XRP Moon Action
XRP: Cross bullish territory, becareful people this could be a trap.
I'm not sure what catalyst is pushing XRP to make this type of gains.
Hence, I'm staying on the side line awaiting for a pullback, don't fomo people.
Remember a good rule of thumb, what goes up must come down.
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Xrpusdbuy
Ripple (XRP):3 crucial info. to keep in mindThe 1 hour timeframe chart of Ripple (XRPUSD) is shown in this analysis from June 4 till present date. The numbered annotations on the chart are discussed below:
(1) Price action from June 29 till date is considered here to be in a rectangle bottom that is bullish (albeit not 100% of the time), with Ripple (XRPUSD) forming the top of the chart pattern between July 3, 2018 and a Head and shoulder pattern (July 17 to July 18, 2018) forming the second pivot used for the top of the rectangle bottom.
June 29 and July 12, 2018 are pivots used to connect the bottom of the pattern. Price closing below ~$0.43 invalidates the pattern, and implies more bearish action in Ripple (XRPUSD).
(2) Width of the rectangle bottom that can be used for projection on a breakout above the rectangle bottom, and even should price invalidates the chart pattern and closes below it. A breakout above the triangle for example could see Ripple target ~$0.61 by projecting the width directly above the breakout point (assumed here to be $0.52).
(3) Current bullish price channel developing on the 1 hour timeframe since July 20, 2018. It is important to pay attention to the price channel as a break below it could trigger selling, while closure outside the channel could see price return to the top of the rectangle bottom.
The current market action (rectangle bottom) is contained within Ripple’s massive descending triangle mentioned in my previous post, so it is important to keep the bigger picture in mind and also remember that chart patterns can nest inside one another. Therefore understanding what the big picture is for Ripple (XRPUSD) is an absolute must.
Ripple (XRPUSD)'s descending trianglePrice action for Ripple (XRPUSD) is captured in this analysis from February 29, 2018 till date with a descending triangle. This chart pattern is bearish (sell), albeit not 100% of the time.
Key price levels to take note of for Ripple (XRPUSD) are the following (approximated to 2 decimal places).
- $0.77
- $0.46 and $0.35
- $0.60
The relative strength index (RSI) as shown here suggests that bearish momentum has run out. A less conservative entry into a long (buy) position involves buying as soon as Ripple (XRPUSD) closes above ~$0.60 in anticipation of a breakout above the sloping line of the descending triangle.
$0.77 is used in this analysis to indicate a potential price level to initiate a long position should Ripple (XRPUSD) break outside of the chart pattern. The vertical red arrow indicates the width of the pattern which can be used to estimate the point to take profit if the risk/reward is satisfactory.
On the other hand, $0.46 and $0.35 mark the major support level for Ripple (XRPUSD) and break below $0.35 could see the price of Ripple (XRPUSD) go down a lot further with $0 even been a possibility.
XRP Buy Zone between 0,45 and 0,35 cents, Trendline from begin 0The price of XRP still seems to dip with Bitcoin as all altcoins do because its pegged as basecurrency.
Actually price should rise when Bitcoin drops technically.
So this must all be fundamental on the news.
Money runs out of all cryptocurrencies not just Bitcoin.
Now its a waiting game, to see where the Big Money will step in.
And how much they will torture the public before they do so.
I would say Trade and HODL is the best option.
Fakeout Shakeout below Yearly support Now Bull Run XRPThe shorts were washed out below trendline support
The long got in and are now running the show
If we get a higher high and higher low
We have ourselves a Buy oppertunity
Long XRP !
Targets up still into the 1.20 area or whatever price might run or shoot up to on the SBIVC release.
XRP/USD- Accumulation or Crashing Pattern?Hi Guys,
Thank you for tuning into my analysis.
BITFINEX:XRPUSD
As you can see on the larger time frame, BITFINEX:XRPUSD is mimicking the trend of BTC/USD. However, a more significant lower high and lower low can be spotted in BITFINEX:XRPUSD then in BTC.
The green box could signify an accumulation zone provided that BITFINEX:XRPUSD doesn't break down the $0.55 region. Notice that the $0.55 also constitute my 88% fib level. This shows that the $0.55 level is a significant strong support.
A false break down of the $0.55 could eventually occur but the bulls must manage to bring the price back to $0.55. Otherwise, $0.33 will be met.
I suggest downward cost averaging would be the best idea for this coin. Expect to hold until end of 2018.
Thanks.
CK
Wave analysis of Ripple (XRPUSD): 4hr tf bullish biasXRPUSD is currently testing Support area 2 between ~ $0.65 and $0.62 after ripping through “support area” as mentioned in my previous post.
Support area 2 does coincide with the 0.618% retracement of the uptrend from ~$0.47 to a price close of ~$0.87 on April 20, 2018. This increases the chance of Ripple (XRPUSD) holding support area 2.
Price action from ~0.87 on April 20, 2018 till present is identified in this analysis as an expanded flat Elliott wave structure, which implies a corrective move back up or 5wave move upwards. Either scenario is bullish therefore a bullish bias is favored in this analysis for Ripple (XRPUSD).
The 4hr tf RSI (relative strength index) as shown in this post indicates a positive rising slope for Ripple (XRPUSD) which also argues for a bullish scenario.
Failure of price to hold support area 2 could see Ripple (XRPUSD) return to Support area 3 as given in this post, which is between ~ $0.46 and $0.51.