XRP/BTC TA Update (short term rally?)XRP/BTC
XRP may have found the same support with the last Dec 2019 - Feb 2020 trading history of consolidation.
XRP bounces again from this region and has now traded back above 50D MA.
This type of price action shows XRP bulls are present when the opportunity presents itself.
Target to the upside of this little rally is up to the trend-line resistance or between 3100-3400 sats levels.
Xrpusdshort
XRP HS's SHORTDear gamblers,
I will wait this pattern to make the pullback first as it is a safer way to trade.
Strategy:
5% positioning
Short @ 0.24500
Stop loss around @ 0.26000
Target @ 0.18500
Have fun,
Kind regards,
BeniGo.
***I am not your financial advisor neither I intend to be do your own research before risking your money***
XRPUSD D1 ANALYSISHello traders, we currently have a short setup for XRPUSD on the D1 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.
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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.
ridethepig | XRP Market Commentary 2020.02.21It is well known that the latest retrace was able to conduct a violent sweep in both directions which makes this middlegame area very credible. It is going to act as a strong floor in the later stages of the cycle (outside of the discussions for today). One of the main highlights is coming from BTC which has had the ability to gather first plenty of speed in the early stages and momentum to tackle the break. The case is no less imaginative for XRP here:
The great mobility of the king, carrying the crypto board is constituting as one of the most important factors in this middlegame. The specifics on XRP are becoming less and less relevant in relation to price (scarily as is usually the case with exuberance). So it must be developed (Visa integration can do the heavy lifting !!!!) as we approach nearer the battlefield.
Good luck all those loaded in the crypto markets, a very happy @ridethepig here with a huge grin on my face for the weekend. Thanks for keeping the support coming with likes, comments and etc!
#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)
💎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 .