XRPUSD (Ripple)1 hour tf analysisPrice action for XRPUSD (Ripple) from open ~$0.46 on April 01, 2018 up to price close of ~$0.55 on April 04,2018 is identified in this analysis as a Minute wave ((a)). A 3 wave (corrective) move back to ~$0.46 i.e. Minute wave ((b)) implies that the entire structure should be a regular flat Elliott wave structure. Minute wave ((c)) is expected to retrace Minute wave (a) by 100%.
Other projections for the likely end of Minute wave ((c)) are 123.6% or 138.2% of wave ((a)), which are ~$0.55 and ~$0.57 respectively.
POI (Point of invalidation) is a price close below $0.46.
Other projections for the likely end of Minute wave (c) are 123.6% or 138.2% of wave (a), which are ~$0.55 and ~$0.57 respectively.
POI (Point of invalidation) is a price close below $0.46
Xrpusdidea
RIPPLE (XRPUSD) 4hr tf analysisMy previous post on XRP can be found here:
Analysis of XRP then called for a minute wave ((y)) back upwards to ~$0.74 for XRP to finish a minor wave 4 position and then collapse for a minute wave ((v)). XRPUSD did not return for minute wave ((y)), but instead continued the sell off.
Price action at the time of this post appears to have completed a minor wave ((v)) which also = termination of minor wave 5. This implies that XRPUSD should sustain its current bullish momentum. A probable target for XRP is the region of the 4th wave of the previous degree ( i.e. minor wave 4) which has been identified in this analysis to be between $0.69 and $0.72.
Ripple approaching support, potential to bounce strongly!XRPUSD is approaching major support at 0.7339 (Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to 0.8320 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2.8% and a corresponding bounce could occur above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple is testing major resistance, potential for a strong drop!XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong resistance below 90% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XRPUSD's (RIPPLE) struggle continues...short (4hr) tf analysisThe sell off in XRPUSD (Ripple) after it reached a high of ~$3.30 on Jan. 4, 2018 is captured in the chart by the bearish trendline.
The curved light blue line on the chart is used to show the bottoming action in the price of Ripple. This indicates that the price of Ripple will resume a bullish trend or price swing upwards albeit temporarily.
If Ripple fails to hold at its current price of ~$0.89, it could easily sell off to the region of Support 1 (between $0.67 and $0.79). If this fails to hold then Support 2 could likely be tested i.e. price could sell off to about $0.40 - $0.53.
In order to place a buy order, I would like to see Ripple capture the $1.08 area which I have marked as a great POE (Point of Entry) into a bullish trade. In that case, Target area 1 or Target area 2 would be great as areas to take profit.
Target area 1: $1.70 - $1.76
Target area 2: $2.07 - $2.20
In either case, stop loss can be placed just below $0.87 for the IDEAL entry at $1.08. Using this should provide a risk/reward ratio of at least 3:1 with Target area 1 or 2 used as the point to take profit.
XRPUSD LONG to $2.00Not sure this is a huge channel or I stumbled onto something so perfect it just might work.
After drawing a fib expansion and the retracement. I noticed the ripple market is actually in a huge ABCD pattern and we just finished A & B if all plays well we should hit $2.00 before March 1st see a slight pull back then head the $3.70 zone. This is such a weird find. What do you guys think. I'm open to any ideas but it sets up the exact same. I was cloning lines from the historical data and this was the result.
Ripple is approaching major support, watch for potential bounce!Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur. We are also seeing major bullish divergence vs price signaling that a reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ripple has broken a major descending resistance line!Ripple has made a bullish exit of our long term descending resistance-turned-support line triggering a potential bullish move to push price up towards 1.7564 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Our 1st support remains at 1.2007 (pullback support, overlap support).
Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re expecting on Ripple.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CRYPTO : XRPUSD RIPPLE LONG SETUPThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
CRYPTO : XRPUSD Ripple Long Trade Setup This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.