XRPEUR trade ideas
XRP-EUR : bullish signsSo, I'm holding xrp. I say this with pain in my heart :D
Long story short (my gf is fetching me): bullish divergence showing in the RSI and MACD and DMI selling strength is dropping.
Right now xrp is in this cute little channel upwards seeking the top of the downward channel it is in. This channel has falling wedge attributes which usually means and upward move is ahead. And looking at the size of the wedge, it could be a strong move! It's too soon to tell yet; if needs to break the 71 cents first. If it passes that number, there is a whole list of resistance zones, but 1.30 should not be too unreasonable of a target to begin with (38.2% retrace of fall from peak). Or is that too optimistic? Perhaps settle for 85 cents first? Ah, it feels like only yesterday that XRP was worth 1.10... or 1.88 for that matter... or 2.40...
Ripple still bearishRipple is consolidating now, but the coin is still bearish as it is still moving in the channel (blue lines). Ripple can change the trend to bullish only if it brakes the channel at 0,68 Eur and at least 3 other indicators are possitive (RSI, MACD, MFI, Trend continuation factor,..). For the confirming the uptrend Ripple has to cross 200 MA at 0,74 Eur.
I think that ripple will not cross the channel as the indicators (RSI, MACD, MFI, Trend continuation factor, CCI) are not possitive enough for the trend change. The support at 0,45 Eur will be tested soon and if broken, we will move further to 0,35 Eur and finally to 0,22 Eur till 14 days.
As all altcoins copy the trend of Bitcoin, we have to carefully watch this coin...it will set the trend for the whole market.
If we take into account recent negative information for the crypto, the end of Bearish trend is unlikely.
The goal is to be calm and do not let the emotions influence own trading decisions based on previous analysis.
This is only my trading idea. It is not a trading advice...I am not a professional trading advisor.
The Last support area to The #Ripple #XPREUR or we gonna see 0,3we gonna visit the bottom again if the price fail to recover from this "LAST HOPE" area , The risk of long consolidation may be stay to the summer for recovering
lets Watch and learn more about the crypto behaviour at the bearish mood .
XRP / Leading to a new bounce ?XRP could bounce up to at least 0.8 (EUR) tomorrow afternoon/night (UTC).
I think the worst part of this early year is now passed and that we're on an upping trend .
We saw kind of a resistance around 0.6 (EUR) and we could consider the last little green candle as a confirmation of this upping trend idea.
WARNING : do not forget to consider 2 possible scenarios and so, to consider my idea as wrong and to prepare yourself for a possible down due to any news that no one can predict. Stay safe.
I drew this one hour ago, waiting for something I consider as a confirmation to publish my first idea.
Possible Inverted C&H formationPossible Inverted C&H formation.
Watch for brakedown of the trace line.
When to buy Ripple?Ripple has touched 0.50.
Could be a bottom.
Looking for a bounce between 0.6250 and 0.60.
Stoploss is in the red zone (0.55 - 0.50)
xrp idea
This if happens, will see the 200 EMA supporting the trend.
on a longer shot we could even see there a huge cup and handle forming from last ATH -0.38%.
Too early to say.
trade with caution.
XRP touching the bottom ? #xrpthestandard #xrp #rippleEven with goods news, new partnerships, good Q4 report, xrp is still very correlated to BTC which is bearish since BTC futures , let's admit it ! Though i believe that we touched the bottom,
unless we get more bad crypto news in Korea.
Robinhood app listing XRP and open trades in february may help the bulls coming back :
techcrunch.com
Coinsquare, the equivalent of coinbase in canada is doing the same in february :
ripplenews.tech
Coincheck refunded his customers after the hack of Millions of XEM tokens. Even if it shows that crypto market's security is still weak, it sends a good signals of trust to future customers.Even if their platform get hacked, they may not lose their tokens :
www.bbc.com
For the hodlers, Here is a video of barlinghouse "a huge central bank may want to use XRP to settle" :
twitter.com
Happy trading !
XRPEUR (KRAKEN)will this be the future of xrpeur? u welcome to tell me what i´m doing wrong in this chart.
XRP has broken the bearish trendline.As already forecasted in my previous post, XRPEUR had a chance to break out of the bearish trend. And I'm happy to report, this has happened today!
There is still some resistance ahead of us and time will tell wether or note we'll be able to break it. The first one is around 1,11 EUR, which caused it to trend sideways last week. It also aligns with the purple EMA 50, and the 78.6% retracement line. With the current movement, I expect it to reach that level within the next 24 hours.
Good news is, as long as it doesn't fall back to under the previous trend resistance line, the way to 1,47 EUR is open again. But the next couple of days have to remain cautious.
As with all crypto, XRPEUR will remain fragile to FUD as you can see that the news of the Korean government has heavily broken the trend line on the 15th of Jan, only to have it recover 3 days later back into the same bearish trend pattern.
XRP is fighting hard to break the trend, but will it succeed?XRP is challenging the current trend wave ever since last week. If it breaks the trend in the next 12 hours, €1,23 is in sight. Otherwise it could keep falling along the trendline to potentially €0,82 by the end of this month.
As it also didn't succeed in breaking out at the end of the triangle I think it is very likely that it will continue falling.
Fibble the Ripple 2,20 -> 0,62 -> 4,20Let me explain: I just tried to get the right boundaries for future fibonacci circles and then *insert magical formula here*.
Disclaimer: This is no financial advice, etc.
XRP re-test of 0.72 EUR before Friday ?More selling pressure on cryptos all over the last 24 hours. With the CME futures contract expiring Friday we could re-test the lows.
BTC could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins.
XRPEUR could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH.
Definitely don't break the lower downtrend (red)
