Xrpusdshort
Short it on 0.68 to 0.74 zoneIts simply a fake break out to make an exit opp for big buyers.
Time to short and say good bye for next months.(after court results) which probably would take another 5 months.
*Forget what people targeting (4 5 10 100 598 usdt) xrp team hire many people , makes animation, hide what they doing by calling Banks behind xrp,
the sad facts
1. that ripple needs to sell 100 to 200M xrp to pay the employees and need motivation stories to find buyers
2. The only top coin which could not take 2018 position is xrp
3. Chart is a BIG h&s which can drop price under 0.1 easily
Ripple- 0.7, a good place to sell shortAfter the recent 0.55 low, Ripple has found support and, like all crypto market is in a correction.
This correction can be a good opportunity for speculators to join the trend and sell this rally.
A good place for this can be 0.7 resistance with a target towards 0.5 important support.
Sustained buying above 0.7-0.75 would negate this scenario
XRP Sell the downtrend.Ripple - Intraday - We look to Sell at 0.767 (stop at 0.781)
Trend line resistance is located at 0.770.
Daily signals are bearish.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.764.
Our profit targets will be 0.731 and 0.721
Resistance: 0.750 / 0.760 / 0.780
Support: 0.740 / 0.720 / 0.700
Ripple- can it drop to 0.5?Since the last spring's to near 2usd, the trend for Ripple is clearly down with a lot of lower highs in place, and after breaking under 1usd in early December, the cryptocurrency has entered a range and consolidation phase.
Considering the overall trend for the crypto market, I expect continuation to the downside for XrpUsd and my target is 0.5
Confirmation for this comes with a break under 0.7 and only the price steady above 0.9 strong resistance would make my change my opinion
XRP Sell the descending triangle.Ripple - Intraday - We look to Sell at 0.759 (stop at 0.772)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Trades with a bearish descending triangle formation.
Trend line resistance is located at 0.760.
Preferred trade is to sell into rallies.
Our profit targets will be 0.722 and 0.712
Resistance: 0.740 / 0.760 / 0.780
Support: 0.720 / 0.710 / 0.700
Ripple- Best place to sell it shortI'm bearish Crypto market, and Ripple is not an exception...
Since the last attempt to conquer the 1usd figure, XrpUsd has dropped around 30% and now is in a slight recovery move.
This corrective rally can give bears the opportunity to open short trades and, in my opinion, the best place for this can be around 0.8 resistance (old support)
Only Ripple above 0.95 would negate this bearish scenario
XRP Sell into a rally.Ripple - Intraday - We look to Sell at 0.878 (stop at 0.901)
Daily signals are bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 0.880.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 0.811 and 0.791
Resistance: 0.840 / 0.860 / 0.880
Support: 0.820 / 0.805 / 0.785