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Xrpusdshort

XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
Black Swan crash of XRPBTC Longs = 400% increase in XRPUSDSorry for the clickbait title but I wanted to draw people's attention to an interesting price formation/correlation happening with XRPBTC Longs. Although previously, Longs have not resulted in a significant rise in the price of XRP, the behaviour of the price of XRP today to these bitfinex longs is very different when compared to historical price movements. Namely, just the other day when there was a 4% correction in XRPBTC Longs there was a also a 17% rise in the price of XRP, simultaneously. This suggests that to me that, in the short term, there seems to be a inverse correlation between the XRP Price and XRPBTC Longs. So just to speculate a little I do believe a black swan crash in XRPBTC Longs will result in a significant rise in the price of XRP. Based on a linear calculation I made I do suspect there will be a 400% increase in the price of XRP at some stage in the immediate future. Note: this is based on a LINEAR calculation, if we factor in exponential price movements based on historical averages we could range anywhere up to 38,000% but I don't want to get to excited just yet. Let me know what you think!
BITFINEX:XRPBTCLONGSShort
by zmassey
5
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 0.3479 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP - 5% gtdBuy Price: Green Zone TP: Blue Zone Support: Orange Line Resistance: Purple Line SL: Red Zone (I don't recommend to sell in loss.) Invest Suggestion: 30 Percent Profit Expectations: 5-30% This is a safe trade, and a easy one. XRP looking very promising! The triangle pattern will happen again soon! See me previous analysis and how profitable the are!!! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
Long
by CGCryptoTrader
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3275 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 0.3089 (horizontal overlap support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3275 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 0.3089 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3275 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 0.3089 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD - Is XRP going to fall after this consolidation?Trendline is holding XRPUSD for so long on the top of the support side, but question is how long will it hold? Forever? I don't think so. XRPUSD is very calming and consolidating for pretty long time. Maybe it could be taken as a calm before a storm. Longterm I'm big fan(and investor/HODLER) of XRP, but from a trader's point of view, i think we might go even lower this year. As soon as it breaks trendline, and retest, we could go to 0.28600 easily (First TP). Be Patient guys and lets wait for some confirmation before entering short, i will update as soon as its gonna move. Let's give me your feedback guys, what you think of XRP right now?
BITFINEX:XRPUSDShort
by ForexThief
6
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3038 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 0.3514 (horizontal swing high resistance). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3038 (horizontal swing low support, 78.6% Fibonacci extension, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3259 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets