Xrpusdtshort
XRPUSDT-Lows Being Challenged Within a Consolidated RangeThe inability of XRP/USD to crash through the 79 cents level and challenge 80 cents a handful of days ago might have been the ‘best’ attempted bullish run higher.
XRP/USD is challenging important support levels and if the 74 to 73 cents marks are flirted with and broken lower, speculative bearish traders may believe further nervous selling may prove strong.
XRP/USD: Headwinds Strong and Dangerous Mid-Term Lows SwamXRP/USD is above early December values experienced in the wake of the spike downward which hit the broad cryptocurrency market slightly more than a week ago. Yet after recovering some of its value XPR/USD after that downturn, Ripple has not been able to muster a move higher that has challenged prices seen in late November or even through the 3rd of December. XPR/USD did manage to climb to a high of nearly 0.93850 yesterday, but headwinds became strong and the digital asset has reversed lower again.
As of this writing, XPR/USD is trading above the 0.83000 and has crucial mid-term lows again within sight. Yes, from the 4th through the 10th of December XRP/USD did trade below 0.80000 and touched a low of nearly 0.65500 during the flash crash on the 4th. Yet the bigger and perhaps more troubling aspect of the current territory XRP/USD is sustaining, is that the digital asset is also near prices it was trading on the 9th and 10th of August.
The rather durable track lower ETH/USD has generated since the 10th of November correlates with the broad cryptocurrency market and is beginning to have the feel of more than brief nervous selloff. XRP/USD has a strong habit of creating trends which are rather transparent and while reversals higher should certainly be expected by traders, the notion that XRP/USD may use the 0.80000 ratio as a critical inflection point should be given consideration.
Cautious traders may want to wait for slight moves up which show that resistance remains adequate. If the 0.85000 to 0.87000 levels remain pronounced and are able to push XRP/USD backwards, this may trigger additional selling which may feel headwinds are too strong. Ripple can be volatile and its move to a high within sight of the 0.94000 mark yesterday, and then subsequent drop to nearly 0.82000 early this morning was a large percentage move which highlights the need for the use of conservative amounts of leverage.
Bearish traders may believe XRP/USD has the capability to puncture the 0.81000 to 0.79000 ratios in the short term and make speculative wagers regarding these targets. If the broad cryptocurrency markets remains skittish in the near term and is not able to produce a strong move higher, XRP/USD may continue to experience downward momentum.
Ripple Short-Term Outlook
Current Resistance: 0.86700
Current Support: 0.80300
High Target: 0.93300
Low Target: 0.72400
XRPUSDT:Elliot Harmonic WavesAs you can see, XRP is inside a five-harmonic wave with the first wave and the third wave completed, and we expect the fourth wave to complete and the fifth wave to complete.
Also, a bat harmonic pattern is formed, which can have an end to the bottom of the channel and a value of 0.38.
Risky trade-short xrpAll of last 3 ideas acted well.
For now the sale pressure is too high and we need a correction to retouch 1.2 ~ 1.15 zone before going to 1.6 area
Tp1. 1.2
Tp2.1.17
Tp3. 1.14
What i see in chart is we gonna make a double bottom (1.15 zone )in hourly chart for making the price to 1.6~2 zone sooner than you except.
Stop loss= 1.31
Ez short from 1.23Hi
As you saw our last deal went good.
I attached it.
Now xrp needs to retest the bypassed position which is 1.12 to 1.13
I would open a short position with low leverge from 1.20 to 1.24 for the target of 1.10 to 1.13
With the stop loss of 1.27
My prediction for xrp price in this month is 3 to 5 usdt per coin. But a short position is what i see in next 24 hours.
Forget dreamers and noobs
Be realistic , 💸👉📍
LongHi guys, it seems that Ripple has been able to return to its own channel. To grow, it must cross the downtrend and significant resistance in the range of $ 1.27 to $ 1.37.
#signal
#XRP
#XRPUSDT
Spot( Midterm)🌟
Enter : 1.19$
Target : 1.27$
Target : 1.37$
Target : 1.59$
Target : 1.86$
Stop loss :1.4$
XRPUSDT Analysis showing possible drop.XRP BINANCE:XRPUSDTPERP has been pumping as all the other coins since BTC tapped the 30k mark. The think we need to understand that based on the Market Maker Method, soon or later, price will retrace. Before every retrace we see what we call Double Top or an M formation. An M formation can signify the end of a trend, in this case, the end of the uptrend. Does this mean that I have to sell all my holdings? Definetely no, this is just a trading idea.
I will personally take a short because I can see different confluences in the chart that makes me think we will drop from now. The confluences I see are:
The first leg of the big M formation has lots of mini-M's in it.
The first leg has stopping volume, in other words, lots of traders longed the top and they are trapped.
The second leg of the big M formation has lots of mini-M's in it.
The second leg has stopping volume, in other words, lots of traders longed the top and they are trapped.
We already retraced to the 50 EMA (4h candles) and the 200 EMA (1h candles), meaning a reset and resistance. Also, lots of trapped traders who went long thinking the EMA would be broken.
We have lots of green vector candles that market makers will recover when they want.
Possible resistance on KDJ.
Finally, we need to understand that the market has a cycle of 3 levels of uptrend, and then 3 levels of downtrend. The first three levels of uptrend have been completed, that's why we can see an M formation, now we are missing 2 more levels to the downside since the first one has already finished.
Talking about take profits I will close my position at 0.9439 and 0.8974 since we have previous peak formation (W formation) and an nPOC (naked point of control).
Eyes on XRP, Big decision coming up. XRP is showing a nice MACD crossover coming up, although, don't forget those are lagging indicators and in breakout trades, you should only trade the breakout, and not wish for it to do so.
DMI is showing also a cross over coming up.
My eyes on XRP to either long or short.
As for now, i'm watching.