XRPEUR trade ideas
Ripple on the way to retest a support level 0.50 EUR for XRPHello traders!
My own look at up coming direction of Ripple. XRP couldnt break resistance level at 1.0 EUR and dynamic resistance of EMAs. Furthermore it turns its direction in other way, broke the lowest EMA, so i expect XRP to retest next bigger support level at 0.50 EUR for XRP.
Greetings and trade safe!
Crypto Jungle
Buy XRPThings will look slightly bullish once the Tenkan Sen crosses over the Kijun Sen (although this is still a weak signal because price is under the Kumo). Price needs to establish support firmly at €1 before strong action. Lots of good news the first 2 weeks of Feb (partnerships with XRP and big financial institutions) might help prop up the price.
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XRP: rLHzPsX6oXkzU2qL12kHCH8G8cnZv1rBJh (destination tag - 1950298497)
XRP Reverse Head & Shoulders ? #xrpthestandard #ripple #xrpAre we seeing a reverse Head & Shoulders pattern just like bitcoin did recently ? The good news about Western Union testing xRapid (XRP) makes me think so ! XRP above 1€ may comes before the end of the week !
Not an advice, just my opinion ! Stay safe guys ! :)
Buy: Ripple will go up, fast or slow, but up.So I watch the fibonaci retracement, which shows me levels.
2 options as far as I see it:
1) we go straight to the 1,10 € then further to 2 €
2) we go slowly from 1 to 1.50 €.
Anyway, Ripple is highly over sold and buy pressure and recent news should lead to a strong buy. If we get the volume into Ripple again, we are maybe hitting even 4 € in March-April.
If the volume lack cannot be overcome we probably need to wait until June to hit the 2-3 € marker.
XRP back in uptrendBefore christmas XRP went on a tear and then entered a big correction following the BTC drop, it corrected more than 78% of the "christmas" advance found support around 0.45 EUR and started bouncing slowly.
XRP has now clear the main downtrend going from ATH and is heading towards the middle of the BB at 0.85 eur, which would signal a short term run to 1.25 eur (top of the BB).
Of course it is still following BTC in this bounce.
The major signal that I am looking at is a cross of the daily MACD.
XRP May go BANANA starting mid February ! #xrpthestandard #xrpBecause US Gov. didn't spread FUD and is for innovations around cryptocurrency, thank you CFTC chairman !
Korea buying crypto again with premium prices.
Ripple stepping in China with huge partnerships LianLian : ripple.com
Success in arabic countries and Islamic Finance : www.livebitcoinnews.com
Trials with banks going well such as Woori Korean bank : www.theinvestor.co.kr
This is my opinion, not advice !
Happy trading guys !