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Xrpusdshort

XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3125 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3507 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where a bounce off this level 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
Update on Daily and 4hourly chart (XRPUSD,XRPBTC,XRPUSDSHORTS)Hello everyone So today an update XRP price-action. We’re going to have a look at the daily and 4HR chart, the XRPBTC chart and finish it off with the XRPUSDSHORTS chart, let’s get straight in to this! XRPUSD (D) -So if we have a look at the daily chart we can immediately see that we’re still locked in our downtrend since April. Because of the recent green days for XRP, we almost broke these major resistance-line, that would be a huge deal! (yellow lines) -I’m still looking at this major support-zone between 0.20-0.24, this is for me the buy-zone right now. I don’t think that XRP is overvalued at this moment, I even think XRP is undervalued but I don’t feel comfortable to create a long position on XRP at these price-ranges at the moment. (BTC-ETF news). -The main resistance-lines I’m watching are at 0.37, 0.46 and 0.70. 0.70 is a major resistance line if you ask me, the other two I don’t worry about too much. -Risk/reward: so worst case scenario: we go down to the buy-zone, would be a decrease of 37%. If we go up, the first two resistance lines stand on 14 and 37% up, the biggest one at 113%. Again I’m not trading this. This isn’t an interesting trade if you ask me. Nevertheless I like the XRP tech and I’m bullish on the project, but short term I am not trading this. -Another interesting indicator I use: Ribbon. (for those who don’t know: this shows us 8 moving averages and are a huge resistance line, if the lines come together, this could indicate a trendreversal). So we can see that in our case the Ribbon has proven its strength, we’ve bounced all the time, if we want to break this ribbon, we’re going to need a big buy candle with very big volume! XRPUSD (4hr) -So this pattern could possibly be a cup and handle or a bull flag, either way it’s good news. If it is a bull flag, we can point our target at 0.43 which is perfect on our first resistance line. (for those who don’t know: the target of a bull flag is mostly of the time as big as the handle of the flag. XRPBTC -no major news here, we can see that we’ve been rejected at the first Fibonacci level, I think that we will go down to the yellow box. (very strong support) - I read that a lot of people think that XRPBTC is going back down to 0.00001 (November lows) again I would be really surprised if that’s the case. BTC-dominance is now over 52% and I just don’t see that happening at all. XRPUSDSHORTS -This chart is very interesting! We can see that we’ve been up again! I think that we have still a small way to go there. BUT if we hit our new target then we just have so much energy to push the price higher, it would be insane! This shortsqueeze could be huge! ( if you want a long position in XRP, def watching this chart!) Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:XRPUSDLong
by cheynos
1
We're falling into the buy-zone,Update(XRPUSD/BTC (daily/hourly)Hello everyone Today I’m doing a small update on Ripple. We’re going to have a look at the daily and Hourly chart to start off, then the XRPBTC chard and we’re going to finish with the XRPUSDLONGS/SHORTS charts. Let’s get straight in to this! Daily -You don’t have to be a TA expert to see this blood bath in ripple, the scary thing is that we’re creating new lows since January. So the first thing we have to look before speaking about a trend reversal is searching for a higher low! If we don’t create a higher low, we will keep going down. -I think that we will go down to around 0.16 if we follow the downwards trendline. That level is for me the buy-zone. Everything between the 0.16 and 0.20 is buy-zone. I expect a bounce off the downwards trendline to our first resistance at 0.40. if we got rejected at that level and bounce off, that would be very healthy. If we bounce off the 0.40 and create a higher low, I would be extremely bullish on Ripple. -RSI is extremely oversold. Last time we saw an oversold RSI for ripple was back in March, then we saw a 106% uprun. Hourly -The hourly is not so bullish, we can expect a short downtrend. We’re creating a bear flag at the moment, if the 4th bear flag is confirmed, than we could go down to 0.16. - XRPBTC -We can see a huge support level at 0.00003485. I’m expecting a bounce at that level. Many people say that they expect XRP to go back down to our first support at 0.00001000. In my opinion that won’t happen. I’m not bullish on BTC at the moment and ripple is falling in to a buyzone with very strong support. Ripple has had a way bigger correction than BTC aswell. I’m expecting ripple to go down another 5 a 10%. If we go back down to 0.20, XRP will outperform BTC if you ask me. (i'm very bullish for BTC long term) Extra -another great thing to see is the XRPUSDLONGS and XRPUSDSHORTS. A graph that shows how many people are going short and long on bitfinex. We can clearly see a trend reversal in both charts. The RSI is ideal for both charts aswell, maybe price will follow. Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:XRPUSDLong
by cheynos
4
XRPUSD Approaching Support, Potential Bounce! XRPUSD is approaching our first support at 0.4245 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.4573 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our short-term descending resistance line might provide the bullish acceleration to our major resistance target. Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
BITFINEX:XRPUSDLong
by FXTM_ForexTime
RIPPLE - SHORT TERM TRADING PLAN, IMPORTANT LEVELS TO LOOK AT! With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin . We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns since they won't come into fruition. So, i am trading raw just via using swing highs, lows, supports and resistances. I have marked everything on my chart, you can check it carefully. Please take care to use indicators such as RSI and MACD while trading using these parallels. I have not marked them on this since this chart can be used to trade in both directions i.e. long and short. So, marking just overbought/oversold doesn't make sense. Ripple rebounded strongly from the critical support level few days back and is now moving between the marked parallels. If the bulls are able to push it, then it may reach the intermediate resistance level from where it may come back down. If it break above the resistance level then there is plenty of room to grow. Alternatively, if it falls back down then the critical support level should hold. If it doesn't, then things are gonna get pretty ugly for ripple. I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
XRP - Buy vs SellJust for my record... looks interesting. Any comment or idea if you see or think or whatever something, welcome. USD Longs rising, looks it has a very strong support BTC Longs steady and trying to push up, maybe bouncing over some kind of support. Shorts (BTC and USD) seems to be hiting with a roof... Seems they have never been very significant against Long. (?) Longs are greater than Shorts in the respective pairs. I should compare the sum of Longs vs sum of Shorts... And chart the difference of them. But ... i dont know anything. This is pure Psychedelic ART. lol Original Chart belong to XRPBTC Longs (blue) so indicators are referred to it. The 4 charts are scaled so you are seeing how they really look comparing each others in terms of positions (volume). -CJ-
BITFINEX:XRPBTCLONGS
by CristoJaraba
8
XRP/USD 4 Hour Elliott Wave AnalysisHello Traders, In this analysis, we will have a look at XRP/USD in the 4-hour chart. Down from 04/24/18 peak, Ripple is showing an incomplete 5 swings sequence to the downside. Ripple completed the cycle from 04/24/18 in blue wave (W) at the low of 05/29/18 (0.5428). The internals of blue wave (W) unfolded as an Elliott Wave Zig-Zag structure where it ended cycle from 04/24/18 peak at the low of 04/26/18 (0.7598) in red wave A. Up from that low it finished the correction in red wave B at the peak of 05/04/18 (0.9238). Below from there, it ended internal black wave ((i)) at the low of 05/12/18 (0.6336). Up from there, it completed the correction in black wave ((ii)) at the peak of 05/14/18 (0.7483). Below from that peak, black wave ((iii)) completed at the low of 05/23/18 (0.5735) and it ended black wave ((iv)) correction at the peak of 05/24/18 (0.6390). Below from there, it completed black wave ((v)) of red wave C in blue wave (W) at the low of 05/29/18 (0.5466). Up from there, it ended blue wave (X) correction at the peak of 06/04/18 (0.7035). Below from 06/04/18 peak, it completed red wave A as a part of an Elliott Wave Zigzag structure at the low of 06/13/18 (0.5052). The internals of red wave A unfolded in a 5 waves Elliott Wave impulse, where it ended black wave ((i)) at the low of 06/05/18 (0.6338). Up from there, black wave ((ii)) correction was complete at 06/07/18 peak (0.6862). Below from there, it ended black wave ((iii)) at the low of 06/10/18 (0.5553) and the correction in black wave ((iv)) at the peak of 06/11/18 (0.6038). Below from there, it finished black wave ((v)) of red wave A at the low of 06/13/18 (0.5045). From that low, it ended red wave B correction at the peak of 06/15/18 (0.5684). As long as bounces fail below 0.70 peak, then XRP will be looking to trade lower toward equal legs area 0.28 – 0.18 before ending a 7 swings double three structure. Up from there, it will be looking to bounce higher in 3 waves at least.
BITSTAMP:XRPUSDShort
by Elliottwave-Forecast
1
Kenji signals: sell XRPUSDToday, the indicator "Kenji" on the daily XRPUSD chart (Ripple) generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of XRPUSD is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
BITFINEX:XRPUSDShort
by Trade24Fx
XRPUSD - SETUP - WEEKLY CONTINUATION - 28 MAYWELCOME TO DACAPITAL TRADING!! XRPUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bearish closure below previous week low, slow price movement don´t like this one.. DAILY Melting daily candle with a very strong closure and new low formed WEEKLY Overall very bullish last 4 weeks following this break LEVELS SHORT @ 0.57097 SL @ 0.58308 TP1 @ 0.55887 TP2 @ 0.55186 TP3 @ 0.54612 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
BITSTAMP:XRPUSDShort
by DACapitalTrading
7
XRPUSD It's a confusing time in the markets at the moment. So stepping back and zooming out removes the noise and often gives me a better view. XRP is looking like a great buy to me. With the potential to x1 in the short term and x6 plus in the long term. The product is strong, but do your own analysis of Ripple. An inverted head and shoulders gives us a potential target. Be prepared for further lows in the short term. The market does what the market makers want it to do :) I'm bullish on Ripple, long term.
KRAKEN:XRPUSDLong
by DelorenFX
3
Elliott wave analysis of Ripple (XRPUSD) 4hr tfPrevious post on Ripple (XRPUSD) can be found here: It was mentioned in the previous post that Ripple (XRPUSD) would likely resume an uptrend after consolidating above Support area 2 which coincides with the 0.618% retracement of the uptrend from ~$0.47 to a price close of ~$0.87 on April 20, 2018. Price action from ~$0.66 on May 11, 2018 till the time of this post is shaping up to be a regular flat Elliott wave structure. Completion of the structure should see XRP target between ~$0.74 and $0.77. Also adding to a bearish scenario is the presence of the 38.2% (~$0.75) retracement coinciding with the Target area as shown on the chart. The implication of the completion of the Elliott wave structure implies that more selling awaits XRPUSD.Any consideration of a long (buy) position is safer on a breakout about ~$0.81 which is marked as POE (point of entry) on the chart. Point of invalidation (POI) for the current analysis is placed below support area 2.
BITFINEX:XRPUSD
by Coin_Analyst
Ripple on lifesupport? Or just faking?Ripple ain't lookin so hot right now. We have had it rebound off of the support channel I drew, and it didn't even make it back up to 78-80 cents but has moved down sooner which is not a good sign. 1. We have DAILY MACD moving into negative territory. 2. Created a fail of a rebound. 3. On the 4 hour, we have a cross IN NEGATIVE territory. Oh my. 4. Also on the 4 hour, you will notice those MA's converge right where the fail was. All in all, this does not bode very well for ripple for any sustained move to the upside. If you remember, on our first trade I said take half of our profits at 90 cents and should have been stopped out with the rest. On the second trade off that support area I said "Be fickel with it and get out at break even or with profit. You shouldn't have any loses right now. If you are still in this, you better be comfortable taking a ride down to 50 cents, maybe 28 cents and possibly not coming back for a while. IF, a BIG IF, there is any hope of Ripple moving higher it HAS to hold this area. HAS TO. Best of luck, -Sherem
BITSTAMP:XRPUSDShort
by Sherem
5
XRPUSD - SETUP - WEEKLY CONTINUATION - 9 MAYWELCOME TO DACAPITAL TRADING!! XRPUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Very bearish Price action pushing and forming new lows DAILY 4th Bearish Daily Candle forming and breaking out of actual price range WEEKLY Not much movement last 3 weeks, we started to move to the downside now LEVELS SHORT @ 0.77193 SL @ 0.81419 (5,5 %) TP1 @ 0.72866 (RR 1.0 = 5,5 %) TP2 @ 0.70804 (RR 1.5 = 8,3 %) TP3 @ 0.68640 (RR 2.0 = 11 %) Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
BITSTAMP:XRPUSDShort
by DACapitalTrading
Ripple about to bust lower?Ripple has been sitting in this 80-90 cent channel for a while now and my 2 resistance points have held up nicely. Normally you could throw a buy order and play these bounces and if you decide to do that use caution. We have seen BTC breaking down, ETH breaking down and there is an SEC hearing tonight and we don't know how that will affect crypto, if at all. What's more, we have the MACD rolling down on the daily and RSI also confirming divergence, this would lead me to believe we would get more of a push down then a full rebound up to 90 cents, maybe 85 cents in the cards but I would use more caution at this point. Happy Trading, -Sherem
BITSTAMP:XRPUSD
by Sherem
7