Get started

Xrpusdidea

XRP/USD: Headwinds Strong and Dangerous Mid-Term Lows SwamXRP/USD is above early December values experienced in the wake of the spike downward which hit the broad cryptocurrency market slightly more than a week ago. Yet after recovering some of its value XPR/USD after that downturn, Ripple has not been able to muster a move higher that has challenged prices seen in late November or even through the 3rd of December. XPR/USD did manage to climb to a high of nearly 0.93850 yesterday, but headwinds became strong and the digital asset has reversed lower again. As of this writing, XPR/USD is trading above the 0.83000 and has crucial mid-term lows again within sight. Yes, from the 4th through the 10th of December XRP/USD did trade below 0.80000 and touched a low of nearly 0.65500 during the flash crash on the 4th. Yet the bigger and perhaps more troubling aspect of the current territory XRP/USD is sustaining, is that the digital asset is also near prices it was trading on the 9th and 10th of August. The rather durable track lower ETH/USD has generated since the 10th of November correlates with the broad cryptocurrency market and is beginning to have the feel of more than brief nervous selloff.  XRP/USD has a strong habit of creating trends which are rather transparent and while reversals higher should certainly be expected by traders, the notion that XRP/USD may use the 0.80000 ratio as a critical inflection point should be given consideration. Cautious traders may want to wait for slight moves up which show that resistance remains adequate. If the 0.85000 to 0.87000 levels remain pronounced and are able to push XRP/USD backwards, this may trigger additional selling which may feel headwinds are too strong. Ripple can be volatile and its move to a high within sight of the 0.94000 mark yesterday, and then subsequent drop to nearly 0.82000 early this morning was a large percentage move which highlights the need for the use of conservative amounts of leverage. Bearish traders may believe XRP/USD has the capability to puncture the 0.81000 to 0.79000 ratios in the short term and make speculative wagers regarding these targets. If the broad cryptocurrency markets remains skittish in the near term and is not able to produce a strong move higher, XRP/USD may continue to experience downward momentum. Ripple Short-Term Outlook Current Resistance: 0.86700 Current Support: 0.80300 High Target: 0.93300 Low Target: 0.72400
BITSTAMP:XRPUSDShort
by SmoothJB
XRP on the long channel floorHi my friends ****************** Ripple stands on the floor of its long canal after a relatively long shave And due to the attention it has paid to important support, there is a possibility of ending the downward trend or upward correction Appropriate entry points, risk-to-risk ratio, supports and resistances according to the chart *************************************************************************************************************** If this idea was useful to you, thank you for your likes and comments ************************************************************************************** Be rich and generous *****************************
Long
by EhsanMalekII
XRPUSDT MAY GO LONG ACCORDING TO MY TECHNICALS (07/10/2021)Educational Analysis says XRPUSDT may go LONG according to my technical. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why long? On 4HR AND 1HR timeframe pair is making lower high and higher high which make break of previous structure. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. ADDITIONAL CONFIRMATION FIB RATIO PRICE IS 0.5 AND FIB TREND RETRACEMENT IS 0.38 ENTRY 1.17035 STOP-LOSS 1.12067(0.04968 SATOSHI) TAKE PROFIT 1.29147 (0.12112 SATOSHI) RISK TO REWARD RATIO IS 1:2.45
BITSTAMP:XRPUSDLong
by VishalBudhrani
4
XRP/USD BULL RUN (INVERSE H&S PATTERN)Support: $1.10/ $1. 05 / $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500 Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00 What is Inverse Head And Shoulders? 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. KEY TAKEAWAYS An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline Ripple’s XRP would need to move back through the $1.1123 pivot to bring the first major resistance level at $1.1546 into play. Support would be needed, however, for Ripple’s XRP to break back through to $1.15 levels. In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1958. Failure to move back through the $1.1123 pivot would bring the first major support level at $1.0711 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels and the second major support level at $1.0288. The 38.2% FIB of $1.0659 should limit the downside
BITFINEX:XRPUSDLong
by MavRich_Trading