A bullish increase discription Traders should expect increase from Dec 2020/2021 in this simple fundamental chart Shortby abdullahiniyi13Published 110
Swingtrade Quickpost: XRPXBT shows overall market bias.XRP basically is the whole cryto market on stimulants in bull markets and on downers when in bear markets. For years it was called a stable loss coin and then it showed a whole lot of life for the week before Thanksgiving before dumping. It seems clear now that there was a descending that has broken to the downside and now I am just waiting for this continuation pattern to develop. It is still a bit early to call it a pennant or rising wedge or symetric trianlge and each of those formations has a different precice target so I have boxed out a range. Two of the of the most obvious places for the continuation pattern to find resistance are the long term EMAs I am showing as well as the base of the triangle. If XRPXBT is looking at falling almost 30% I would be guessing that BTCUSD would be looking at a 20-30% drop and XRPUSD would be looking for a 50-60% drop. Due to what I have seen in the eurodollar (GE1!) price action have closed my crypto holdings, moved to fiat, and am shorting. XRPXBT will be one of the charts I look at to judge when the broader market is done selling off if I am correct. And I have to be transparent, my bias has changed to bearish over the short term based on some larger things I am seeing in the market. I don't want to be the guy who is always looking for one last dip. My bias will be invalidated in part by watching how the 200 EMA will act. It is falling rapidly and think when it hits price action we will see the dump I suspect is coming. Below is a downtrend from this August which I think would be a reliable fractal to look for repetition but on a different timeframe. All in all a quicker consolidation, a higher high and a higher low is macro bullish but it comes after one last beating. I'll look at stepping up as a buyer when we get to target or the 200 is support. Shortby This_GuhyUpdated 225
XRP is at the 61.8 1D fib and 50 EMARecent PA - especially on 4H has been respecting these fib levels - it would be great to see 61.8 hold from here and be the end of the correction but the recent bearish impulse wave was quite strong. Maybe we'll see it dinging around between 50-61.8 for a bit. The daily 50 EMA is where price is sitting as well so that could help support it as well. 61.8 retrace is a good place for a correction to end - c'mon XRP... by DDHFPublished 0
XRP/BTC Looking good off the goldenNice ABC or WXY correction to the golden zone, giving us a golden corner pocket, first target at 5200 satoshi, current US value would be around 1$ which also makes sense, but if BTC is also rising in value perhaps that puts the USD around $1.25 or so which is also a key area on the USD chart. Nice shenanigans with the Spark drop but we seem likely to set a low sooner than later.Longby jlantripPublished 3
xrpbtc ripple will have 30% pullbach bevore will join altseasonxrpbtc ripple will have 30% pullback to 2100 Satoshi bevore it will join altseason.Shortby viparmeniaPublished 330
XRP/BTC : What are the important areas? - Airdrop approachingJust wanted to give a quick update on XRP/ BTC - the airdrop approaches on the 12/12/20 and every holder of XRP will recieve 1 SPARK token for every 1 XRP token they hold. It sounds great on paper - but many new investors see this as a easy way to make "free money", the risk being after the airdrop occurs the main token can plunge leaving the investor with a largely devalued asset & if the free token from the airdrop does not hold value you put yourself in a bad position. One strategy you can use to prevent this is using a trailing stop loss, or manually raising your stop loss as price increases. You may get knocked out and lose your chance at a airdrop - but more important is not losing your initial investment or having a extremely large dint in your portfolio from bag holding a failed airdrop hype. Right now XRP is showing some Bullish signs - for example the Bull Pennant pattern (where price makes a straight run upwards then converges inbetween a small wedge with 4 touches, a potential sign of continuation upwards) but signs are just that until proven true. We are still under some important resistance areas, and i give a warning that if XRP BTC loses the key support area of 2900-3000 a significant decrease in value is possible. The Bull Pennant pattern is not the only mixed signal here- it has a high success rate - but all patterns can fail. We have been making consecutive LH's Lower Highs which are a sign of a downtrend continuation, but we are also making a LH (Lower High) which is a sign of a uptrend continuation so XRP is coming to a pretty crucial area and we should see confirmation of direction soon. The fibonacci tool is usually drawn from one key swing point to another - and gives us potential key levels to watch. It is quite common for the price to come up to the 0.618 fibonacci and decrease in value, rejecting from there. Right now XRP has currently come down from that area, aswell as a Supply Cluster (if you dont know what a Supply Cluster is; click on the below linked idea for a in depth guide on how to use them in your Technical Analysis ), basically a Supply Cluster is a small rectangular formation where a large decrease in price occurs from - when price revisits this area it is common for it to decrease in value once again. These factors lead me to believe that short term the 0.618 & Supply Cluster is the most important point of reference followed by the support under us. So while we are under the 0.618 resistance area i would be wary on XRP. If it does start to increase in value as a trader i would definately consider a plan to take profits and be out of the trade before the Airdrop ends if thats what your aiming for - or know where your going to cut your losses if thats the case, as mentioned under 2900-3000 satoshis can see a large retrace with a potential of moving down towards 2400-2500 satoshis. If you were wondering what the zones you can see on the charts are - they are explained in the bottom linked idea :) Thank you traders, if you found this post informative show your appreciation by giving us a like or comment!by Worth_The_Ri5kUpdated 7
fu.ck you.... or.... right direction?-61 fibonacci support line.... and trendline.... maybe triangleby JsTe2xPublished 112
XRP Can be reach 2978-2908sats Again!Negative incompatibility occurred with the airdrop. After negative mismatch, he can switch to short position. We have to wait for the wall to break. Our targets for short term TP1: 3080sats TP2: 3009sats TP3: 2978sats TP4: 2908sats - B. resistance Shortby TPSignalsUpdated 0
A STRONG BUY BIAS ON THE 4H XRP/BTC chartGoodday, Dear Trader on the XRP/BTC 4H chart we can obviously see the Following confluence reasons; 1. Series of Retest on The Major Support Level, despite the predominant downtrend, we can only see a couple of fakeouts from the support, but it's still very much valid. 2. A range/consolidation in price currently, showing that the impulse of the Predominant Trend is getting weakened and might Turn out to be an impending reversal 3. Breakout and retest of a well respected Trendline, That combines to give a Descending triangleby GREATNESS4EVERPublished 0
XRP/BTC Gap FilledXRP itself did not fill this gap with the USD... but it did with Bitcoin... maybe huge explosion coming? Gonna be a crazy next week ahead...Longby orlinmyerPublished 5
XRP/BTCExpecting an XRP/BTC breakout from this bull flag - right before the snapshot date of December 12, 2020 at 00:00 UTC (December 11, 2020 at 4:00 PM PT) Any believers? o_0 by NaturalBornHustlerPublished 2210
XRPBTC 4H long setup; breakout of trendline above supportTA Explained XRPBTC just broke the descending trendline after bouncing on support area two days ago. From a TA perspective this is looking good for trend continuation. However be aware of the fork on the 12th of December! It might result in a sell off after the the Flare tokens are distributed. Trade setup Best entries: 0.00003060 - 0.00003160 TP1: 0.00003603 TP2: 0.00003900 TP3: 0.00004216 SL: 0.00002717 RR: 2.81 Max leverage: na ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)Longby MattieDsCryptoLoungePublished 5