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Xrpusdsignals

XRPUSD Great opportunity could be a little lowerA lot of talk is being done lately on XRP and its recent sharp sell-off that took most traders by surprise. This panic selling is fundamentally driven by the recent news and I believe the tension isn't over yet. Today I want to focus on the technicals though and the 1W chart. This shows that long-term XRP investors shouldn't panic and this selling was also seen on the previous cycle. In fact it was the last before the massive rally of 2017. In my opinion there is an opportunity to buy XRP even lower (the current price is good enough as it is for long-term investors), either within the 0.786 - 0.9 Fibonacci retracement level or within the LMACD Buy Zone. History will repeat itself. Keep a clear head and follow your investment plan. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
POLONIEX:XRPUSD
by TradingShot
84
XRP/USD BULL RUN (HODL) XRP/USD – Bullish Explosion Leads To 17 Month Highs Key Support Levels: $0.4, $0.388, $0.378. Key Resistance Levels: $0.48, $0.68, $1.00. Today, XRP surprised everyone as it exploded by a powerful 32.5%. The cryptocurrency started the day at $0.33 as it started to push higher to reach as high as $0.44. It has since dropped slightly to trade at $0.413. The cryptocurrency had been showing signs all month that it was ready to start a bull run, but nobody could have guessed this type of price explosion was incoming. The coin had broken out of a symmetrical triangle pattern at the start of the month as it started to push higher. XRP went on to reach $0.3 by mid-week and stalled here for a few days until it broke the resistance yesterday to reach $0.33. XRP-USD Short Term Price Prediction Looking ahead, if the buyers can continue this epic bullish push, the first two levels of resistance are found at $0.42 and $0.44. Above this, resistance lies at $0.457 (bearish .786 Fib), $0.48, $0.486 (1.272 Fib Extension), and $0.5. On the other side, if the sellers push lower, the first level of support lies at $0.4. Beneath this, support lies at $0.388 (.236 Fib), $0.378, $0.36 (.382 Fib), and $0.35 (2020 High). As expected, both the RSI and Stochastic RSI are extremely overbought with such a powerful push in one day.
BITSTAMP:XRPUSDLong
by MavRich_Trading
4
XRPUSD Golden Cross about to form on 4H!Ripple has been trading within a Channel Up on the logarithmic scale since the bottom of the March collapse. As seen on the chart the middle of the Channel has been playing a key role as the Pivot Point. So has the 4H RSI in identifying shorter-term enter and exit points. However the most critical formation of all has been the Golden Cross (i.e. when the MA50 crosses above the MA200). So far since the March bottom, two times the Golden Cross formed on the 4H chart and in both events, a strong rally followed (more aggressive on the 2nd occurrence). Right now the Golden Cross is again emerging and on top of the the RSI is approaching its 7 month Resistance Zone. When those two parameters took place, it was a buy signal into a 15 day accumulation. Then a Higher High (on the Channel Up) was priced. Is XRPUSD getting close to another such opportunity? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Hunchocrypto1 --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by TradingShot
6
XRPUSD Two good case scenarios: $0.24 and $0.30.Going way back in mid 2018 the pattern is a Channel Down. For most of the pattern's lifetime the price has been trading above the median with a level just below (blue line) working as the Support. That is except for two occasions where a Lower Low was made: August 2018 and recently March 2020. There are two scenarios for XRPUSD right now: Either (A) a +220% Lower High rise as in 2018 to $0.30 or (B) a slower rise to a Lower High at $0.24 assuming the March heavy sell-off was an anomaly caused by the coronavirus panic. Notice also how the last two Lower Highs were rejected exactly on the 1D MA600. This means that we need a sustainable break above this trend line to start considering a Bull Market on Ripple.
POLONIEX:XRPUSDLong
by TradingShot
2
XRPUSD Still another 350 days of accumulation.Ripple will get its chance to shine. There are few who argue the opposite. In this quick idea though I show why this time is not quite there yet. I have scaled XRP's timeline based on Bitcoin's Cycle from top to bottom. BTC's bottom of the previous Bear Cycle was mid December 2018 and the Cycle before on early January 2015. XRP's 2015/ 2016 consolidation/ accumulation phase thus lasted 800 days. If we apply this duration to the current accumulation Cycle, we should be expecting Ripple's parabolic rise to start around February 2021! XRPUSD investors need to be patient and their patience will be rewarded. Don't get scared or over excited by the recent ups and downs. As you see on the chart it is all part of the accumulation process. December's (2019) 0.17 bottom though has to be respected through the remainder (350 days) of the accumulation phase, as it happened during the 2015/2016 Cycle.
POLONIEX:XRPUSD
by TradingShot
21
XRPUSD Is Ripple ready to explode?Well not much to be said here other than the notable similarities between the two periods: December 2014 - March 2017 vs December 2017 - March 2020. * See how the LMACD is printing the same sequence and is rolling over. * Orange is the High Volatility zone and has been respected on both periods. * Will the same (or roughly) duration be respected? * The Golden Cross (using MA50 and MA100) can be the confirmation we need. * Lower High trend line (dashed) has to break. * The 0.786 Fibonacci retracement (from the bottom of the High Volatility zone) was achieved. Is XRP USD ready to break parabolically? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community!
POLONIEX:XRPUSDLong
by TradingShot
48
A return above 0.30 remains to be the XRP bulls’ short-term goalRipple price remained depressed over the weekend despite other cryptos posting minor gains. This morning the crypto asset declined with 1.48%. On Sunday, the major support at $0.25 was tested. Right now Ripple is in the middle of a correction to the short term support at $0.26. For the day ahead, a move through to $0.2640 levels would support a run at the first major resistance level at 0.2680. There is located the 50 Simple Moving Average on the 4-hour chart. Apart from the 50-day SMA, XRP will need deal with more resistances at the 100-day SMA on the H4 chart currently at $0.28, followed by $ 0.2830 (23,6% Fibo retracement since May's decline), $0.29 and psychological $0.30. Meanwhile, we have formation of a falling wedge pattern, which is a key indicator for a rally at the end of the year. Ripple could easily approach $0.35 and trade towards $0.50 before December 31. But for now, a return above $0.30 remains to be the bulls’ short term goal. On the downward direction, a clear break bellow today's low at 0.2670 could extend the bearish pressure for retesting to the key 0.25 support.
BINANCE:XRPUSD
by ForexTrendline
XRPUSD targeting $0.50. Cyclical Buy Signal.Ripple has been one of the most consistent cryptocurrencies in terms of cyclical behavior, as it has been following its previous 2015/ 2016 bear cycle with uncanny precision. A repetitive sequence that has recently emerged is the second Death Cross sequence on 1D. In 2016 when this formation took place (after a Golden Cross), XRP after an initial minor dip, rose aggressively to a new High. This growth wasn't of course the one to initiate the expected aggressive rise of the new Bull Market but at least kept the Support levels intact and after a new consolidation phase, gave way to a new High. We are still deep into XRP's long term consolidation phase but still this signal gives a high probability target of $0.5000.
POLONIEX:XRPUSDLong
by TradingShot
40
XRPUSD Golden Cross on 1D. How did this trade in the past?XRPUSD has an uncanny ability to offer high accuracy trading signals on well recognized technical patterns. Such was the buy signal on the 0.618 Fibonacci Lower High sequence I identified on May 10th: So what signal does it offer now? XRP made a Golden Cross recently on 1D. Technically this is considered to be a bullish sign and the start of an upcoming uptrend. In the past however this has worked only once for Ripple and that was in March 2017 with a parabolic rise that signaled the start of the new bull market. In the other two occurances, the Golden cross failed to initiate a new bull run as the 1D MA50 was broken and infact a Death Cross took place later on. So it becomes obvious that the current Golden Cross is a buy signal unless the 1D MA50 is crossed . If successful it can potentially aim at $3.50 before the next consolidation.
POLONIEX:XRPUSDLong
by TradingShot
3
XRPUSD 100% Success on this Fibonacci patternXRP is currently consolidating after its late April bottom. Since February 2018 it has been making Lower Highs. Quite interestingly every High that followed and top made, it was rejected roughly on the 0.618 Fibonacci retracement level of the previous High to bottom. So far we can count 4 successful incidents in the last year, which makes it a highly successful pattern. Assuming April 25 was the bottom, at the moment the next 0.618 Fibonacci retracement level is 0.34000, which is my long target. Once this Lower High sequence breaks and a Higher High is made, we can safely assume that Ripple will initiate its next Bull Cycle. After all, as pointed out on my long term XRPUSD outlook (comparing the 2015/16 cycle wo the 2018/19), we are only a few months away from an aggressive break out to new All Time Highs: What do you think of XRP and this Fibonacci sequence? Can it work again? Is XRP only a few months away from new Highs? Let me know in the comments section!
BITSTAMP:XRPUSDLong
by TradingShot
6