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!
Xrpusdsignal
XRP/USD BULL RUN LONG SET UP BUY XRPUSD
ENTRY 1 .26480
ENTRY 2 .28500
SL .25500
TP.1 .29500
TP.2 .30500
TP.3 .32000
TP.4 .33500
tp.5 .36000
tp.6 .3800
tp.7 .4000
Major resistance levels: $0.36, $0.38, $0.40
Major support levels: $0.28, $0.26, $0.24
Ripple (XRP) Price Analysis
XRP/USD price valuation has eventually strived to surge upwards to touch a high resistance market line at a $0.34 mark today. A vital resistance point at $0.30 has been pushed-off over northwardly to now serve as the first main point that any downward price movement will have a breakthrough before probably thinking of the crypto’s possibility of losing momentum in the present upward swings.
The USD hasn’t had a strong stance to presently suggest its gaining of grand against the base cryptocurrency.
Ripple Technical Indicators Reading
The 14-day trading indicator still points to the north direction below the current market position. There is a space between the 14-day SMA and the 50-day SMA while the latter is located a bit over the current major support level at $0.28 price line. That adds more to the validation of setting the first support line at that price point.
The Stochastic Oscillators still consolidate around the overbought region and range 80. But, the bulls are being in favor of the hovering moves.
Conclusion
The XRP/USD market bulls are still to some extent being in the control of this crypto market until now. However, another strong resistance line has just been hit at a $0.34 mark. And, that price line and $0.30 point are potentially prone to witnessing variant formations of trading activities for a number of hours or a few days.
XRP/USD BULL RUN LONG XRP MOONMajor resistance levels: $0.36, $0.38, $0.40
Major support levels: $0.28, $0.26, $0.24
Ripple (XRP) Price Analysis
XRP/USD price valuation has eventually strived to surge upwards to touch a high resistance market line at a $0.34 mark today. A vital resistance point at $0.30 has been pushed-off over northwardly to now serve as the first main point that any downward price movement will have a breakthrough before probably thinking of the crypto’s possibility of losing momentum in the present upward swings.
The USD hasn’t had a strong stance to presently suggest its gaining of grand against the base cryptocurrency.
Ripple Technical Indicators Reading
The 14-day trading indicator still points to the north direction below the current market position. There is a space between the 14-day SMA and the 50-day SMA while the latter is located a bit over the current major support level at $0.28 price line. That adds more to the validation of setting the first support line at that price point.
The Stochastic Oscillators still consolidate around the overbought region and range 80. But, the bulls are being in favor of the hovering moves.
Conclusion
The XRP/USD market bulls are still to some extent being in the control of this crypto market until now. However, another strong resistance line has just been hit at a $0.34 mark. And, that price line and $0.30 point are potentially prone to witnessing variant formations of trading activities for a number of hours or a few days.
xrp breaking the trendlinewe can expect here 2 scenarios
1: price will reject test the 25 cent area again. after the rejection, it will break the trendline violently and reach the 42 cents area which I highlighted in a green box.
2: price will close above the trendline, rise, test it again and then climb to the 40.42 cent level.
this is interesting to watch how xrp will behavior
XRPUSDT - medium-term expectations!Good afternoon! In the medium term, XRPUUSDT is waiting for a trend resistance 0.255-0.265 - the completion of the five wave. If it breaks through, growth to 0.28 is possible. Perhaps 0.28 is the strongest level, with the passage of which it will be possible to grow to the sales zone 0.35-0.43. I do not see above growth yet. I will write a change!
All success and profit!
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XRPUSD bounced from support, potential for a further rise!
XRPUSD bounced off 0.22091 where it could potentially rise further to 0.24166.
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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
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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.
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.
#XRPUSD, Will it finally become an attractive currency again?A lot of the signs are still negative like the fact that the candles are still below the average moving lines 100, 200 and more, even so, we decided to focus on the buy signal.
The Ripple stopped at the resistance line (the yellow line) and responded as expected and currently the Ripple on a support line that could lead to increases.
The red cloud that accompanies the Ripple in the daily graph has come to an end.
The RSI is still only in the 55 areas and this gives us another room for further ups.
Target: $ 0.26
XRPUSD to climb from upside confirmation, potential bounce!
XRPUSD to climb from its upside confirmation at 0.24447 where it could potentially bounce 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 0.19913 where it could potentially rise further to 0.21469.
*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 approaching support, potential for a further rise!
XRPUSD approaching support at 0.19913 where it could potentially rise further to 0.21469.
*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.