#XRPUSD#RIPPLE, Back to normal or will we have a surprise?As we will see in the current review, there are some technical issues to continue the ups.
The Ripple failed to rise above the 200 moving average line and instead returned to decline.
The one last candle was closed in the form of a Doji and the candle that came immediately after the Doji is red which is a confirmation for a bear model.
The XRPUSD is still in decline if you look at all the technical data.
A short-term goal: 0.25 (We have not yet fully eulogized)
Xrpusdshort
💎XRP is climbing to its High-Volatility trading rangeHello everybody!🧑🏻🚀 Thumb UP👍 if you like this chart. Soon, XRP will get into its usual trading zone, all the goals are indicated on the chart. In the meantime, we will provide 3 fundamental factors in favor of XRP growth:
1. The national Bank of Egypt has entered into a partnership with Ripple. He plans to use the technology of a blockchain startup to increase the speed of cross-border transfers and reduce their cost.
2. On February 5, Ripple announced a partnership with International Money Express, an international payment system that focuses primarily on Latin America.
3. According to a recent report by Ripple, the company sold only $13 million worth of XRP tokens in the last quarter of 2019, which is 80% less than the previous similar period. This involuntarily suggests that sales have been reduced so much, since the rate is expected to rise to values at which it will be much more profitable to do so. In favor of the likely native XRP also says the news that the head of Ripple hinted at the possibility of an IPO of the company this year. And fans of the project are already anticipating an unprecedented increase in the rate if this really happens.
ridethepig | XRP -25% Correction In Play!XRP buyers... Creatures of habit, that love warmth of familiarity. By keeping the smell of the past alive they commit to more exposure only to later have the rug pulled again. This does not change the state of play for BTC, those following the long term diagram in BTC have started to reach the first profit taking area and with that XRP like a farmer who has lost his piglet, looks particularly vulnerable with shorts looking attractive here.
Well done those who have been riding the pig so far in XRP; it is a very good gage for the collateral although I have full disclose that not a dime was made on this leg:
You notice how we entered into buyers jurisdictions and smart money saw the investment, any sellers did well to liquidate there:
Buyers have made the tempo move and successfully developed the trend. But, unfortunately from time to time, other dubious tactics are tried: the retrace in order to take profit and shake out late retail buyers, and keep on doing so until the day arrives when you have to play the same sizes on both sides...not a move for newcomers, we have to hold the highs as reference as mere stop gaps will not help. We'll update the chart as things go along.
GL
As usual thanks for keeping the support coming with likes, comments, charts and etc!
ridethepig | XRP Market Commentary 2020.02.13A timely update to the daily chart with risk entering back into the picture it is a healthy profit taking leg in play for buyers. Those who have been loading at the lows can finally begin to cover and open up some sell-side opportunities. Expecting a day of consolidation and then some more cooling off from the impressive rally.
The squeeze is still very clear and I think it makes sense at these levels to outguess profit taking from the buy side. I don't think this is anything other than a mini bounce. Early selling from the usual suspects on the London open but since once again the algo machine buying 0.30 seems to be buying in huge amounts. Will watch closely, the intention is to continue trading the leg higher with a modest short-term short.
As usual thanks for keeping the likes and comments rolling!
XRPUSD H1 ANALYSISHello traders, we currently have a long/short/long setup for USDJPY on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to respect this form of price action. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
XRPUSD H1 ANALYSISHello traders, we currently have a short setup for XRPUSD on the H4 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
XRPUSD H1 ANALYSISHello traders, we currently have a short setup for XRPUSD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
XRPBTC: Further downside before big pump(s) in 2020+This is an update on my prediction from months ago, where I foresaw the XRP developments:
I knew that XRP would not pump in 2019, contrary to many XRP shills who always like to draw their gigantic arrows pointing upwards all the time.
The date for the first XRP pump always was, and still is around April 2020.
This is due to the giant falling wedge forming in XRPBTC, since a long time already.
In the grand scheme of XRPBTC, everything aligns perfectly.
Apri 2020 I by the way also see as the date where BTCUSD will reach 20k again.
So, that is my view and it hasn't changed since months.
XRPUSD is still a strong buy!
ridethepig | XRP Market Commentary 2020.01.22XRPUSD pulled back from the highs after a round of profit taking began across most cryptos with bids covering. The dips here in XRPUSD are likely to be shallow amid worries about missing the reflationary bounce, USD devaluation and search for yield. Expecting investors to continue building bullish XRP positions and putting hedges as we approach the highs in the jurisdiction.
Levels to track in XRPUSD: support 0.225 (Line in the sand) and resistance 0.25 followed by 0.27.
Overall, I see the case for meaningful XRP strength in 2020, but especially if considered versus USD, rather than EUR or GBP - maintaining longs will require patience and tolerance. Difficult to trade, for sure, but I still feel the bigger XRP risk lies to the topside.
This is a live example of destroying the defence:
Good luck all those buying dips in XRP .
XRPUSD short in big pictureIf stayed in the channel compare the last fib retracement with the new peak and you can find targets on the new fibo retracement.
If broke the channel. adjust the channel and it is valid after downtrend movement but it is still in downward channel and not enough confirmation to break it.
Best
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22091 where it could potentially rise further to 0.24166.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD Market Structure AnalysisI think XRPUSD has a downtrend till next week but in this view, we can have a short correction and make some profits with that!
R/R:3
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
2 possible scenariosI foresee 2 possible scenarios.
Scenario 1: Price bounces of bottom of the trend, makes fake breakout on top of the line and goes in decline, potentially break the lower resistance or simply bounces from support line.
Scenario 2: Price breaks through and finds support where resistance is to continue further growth
Hit like if you find value in the analysis.
Also, give me a follow for your daily XRP trend analysis.
I make them mostly for myself to see if it's still smart to hold my positions or whether it's a better idea for me to (temporarily) let them go.
Make sure to only use the analysis to learn from and to create your own ideas.
Starting soon with some courses in TA to better my skills.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short if breakoutThe indicated line in my previous post I would have liked to seen the price bounce of has been broken through.
- Short if hour candle closes below line.
- If bounce from the lower line. Upper line will most likely be retested.
I'm keeping my current positions open until / unless I receive confirmation of the decline
If you have a different approach. Feel free to share! :) Always in to learn more
XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22555 where it could potentially rise further to 0.26195.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XRP/USD TA Update (Bullish Pattern Confirmed?)XRP/USD
XRP broke bullish of this inverse H&S pattern confirming after the price closes above 2262.
Currently, XRP is testing the downward slop trend-line which is acting as immediate resistance as we speak.
If EXP fails to get above this line, there is a chance of pullback at the previous resistance area to turn into new support.
Levels to be watching for a Long bounce play are 2262 - 2122.