Ripple: buy the dip?Ripple/EUR reached it's downwards target: 50% of the original consolidation.
See how volume swells on lower prices (buying back shorts and buying longs).
Continuation of uptrend may take a while, but i expect Ripple to bottom out now it has reached the initial accumulation-level.
XRPEUR trade ideas
Ripple Giant.The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,a web developer in Vancouver, British Columbia.
The Ripple project is actually older than Bitcoin itself. Fugger conceived of idea the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money. All money in Ripple is explicitly represented as debt, with transactions simply consisting of balances being shifted on a series of imaginary credit lines from the payer to the receiver.
Fugger's first iteration of this system, RipplePay.com debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network.
This led to the conception of a new system by Jed McCaleb of eDonkey network, which was designed and built by Arthur Britto and David Schwartz. In May 2011, they began developing a digital currency system in which transactions were verified by consensus among members of the network, rather than by the mining process used by bitcoin, which relies on blockchain ledgers. This new version of the Ripple system was therefore designed to eliminate Bitcoin's reliance on centralized exchanges!!... Use less electricity than bitcoin, and perform transactions much more quickly than bitcoin. Chris Larsen, who had previously founded the lending services companies E-Loan and Prosper, joined the team in August 2012, and together McCaleb and Larsen approached Ryan Fugger with their digital currency idea. After discussions with long-standing members of the Ripple community.
Up until now Bitcoin has been, by far the most powerful contender in the cryptocurrency market.
So I explain the idea how they Create it this new CryptoCurrency now i would like to talk more about Market and how this thing work's and for all those new investor's and new guy's who are here investing and creating panic with thier Ridiculous Comment's.
So Right now i will explain you in some steps how this work's.
I Know a lot of them Think this coin only will stay 1-3$ Beacuase is ''Bank Coin''.
We see a lot of Investor's who are afraid and they are afraid from one pullback and they sell all of them cuz they think the market will go only Uptrend.
Biggest Mistake of all New Investors that they make, trust me the market will never go only Uptrend so it will has downtrend is the market thing that does.
So People i just wanted to share my idea and experience i have in market.
Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that from banks perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security.
XRP is the third largest coin by market capitalization.
The Giant RippleThe predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,a web developer in Vancouver, British Columbia.
The Ripple project is actually older than Bitcoin itself. Fugger conceived of idea the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money. All money in Ripple is explicitly represented as debt, with transactions simply consisting of balances being shifted on a series of imaginary credit lines from the payer to the receiver.
Fugger's first iteration of this system, RipplePay.com debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network.
This led to the conception of a new system by Jed McCaleb of eDonkey network, which was designed and built by Arthur Britto and David Schwartz. In May 2011, they began developing a digital currency system in which transactions were verified by consensus among members of the network, rather than by the mining process used by bitcoin, which relies on blockchain ledgers. This new version of the Ripple system was therefore designed to eliminate Bitcoin's reliance on centralized exchanges!!... Use less electricity than bitcoin, and perform transactions much more quickly than bitcoin. Chris Larsen, who had previously founded the lending services companies E-Loan and Prosper, joined the team in August 2012, and together McCaleb and Larsen approached Ryan Fugger with their digital currency idea. After discussions with long-standing members of the Ripple community.
Up until now Bitcoin has been, by far the most powerful contender in the cryptocurrency market.
So I explain the idea how they Create it this new CryptoCurrency now i would like to talk more about Market and how this thing work's and for all those new investor's and new guy's who are here investing and creating panic with thier Ridiculous Comment's.
So Right now i will explain you in some steps how this work's.
I Know a lot of them Think this coin only will stay 1-3$ Beacuase is ''Bank Coin''.
We see a lot of Investor's who are afraid and they are afraid from one pullback and they sell all of them cuz they think the market will go only Uptrend.
Biggest Mistake of all New Investors that they make, trust me the market will never go only Uptrend so it will has downtrend is the market thing that does.
So People i just wanted to share my idea and experience i have in market.
Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that from banks perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security.
XRP is the third largest coin by market capitalization.
XRP Price increase after good news + Koreans market recoveringHey !
This week, we may see another official XRP news, it could be the second partnerships, household names or Q4 2017 report. Also i suppose the FUD and fake news about Korean banning crypto starts to be forgotten and Koreans will be back in crypto, especially XRP which starts to have use case in Korea and Japan mainly. Also if you check on coinmarketcap : global crypto market cap at same period of time in 2017 has the same shape as 2018, and so the global market cap started to recover after 15th January 2017...
No need to say that all this is speculation guys ! !
Happy Hodl and day trade, I wish you to earn as much as possible !
Cheers~
Driimo.
Overbought, no supportXRP is going through a tough phase, as is the entire market. However there will be two possible outcomes:
1) XRP is regaining support and purchasing power will drive it to a positive outbreak (green meets red line) with a following upward swing
2) XRP is staying at current overbought status and will take a dive (orange meets red)
The latter is currently much more likely due to the fact that the entire market is tanking and no groundbreaking news really facilitate the interest in XRP.
If you have open positions now would be a good time to liquidate them and buy back at a later point.
BULLS are charging up- Major correction of XRP
- Support at 50% Fib. Ret. (1.48EUR)
- STOCHASTIC is in the oversold region (1st time since the bull run)
- ABCD Elliot wave is forming
- AFter D, If the 100% Fib. Ret. is hold, we are up for another Bull run
- Look for long position at 50% Fib. Ret.
- Sell Targets fib. extensions.: 138% (3.7EUR) and 161% (4.3 EUR)
- Watch for daily Heikn Ashi candle to turn from red to green for trend reversal at C.
XRP bullish setup (m30/H1)After tremendous bullish run, Ripple entered correction phase and formed another Wolfe-wave.
Really high stopping volume at points 3 and 5 are confirming the validity of the pattern.
It is possible that the price will retest the recent low and will form double point 5 or even get to the indicated support line. If this is the case, it'll form another wave which is still bullish in nature.
If not, the price will stay within indicated blue pattern and will continue the already established uptrend.
Whales or an organised Pump and Dump?I've recently come to the conclusion that there are Pump and Dump occurrences taking place in the market, whether it's organised or just one seller, I don't know. I've highlighted one such area where the price just shoots up and suddenly drops as soon as their limit is hit in what I believe is be a pump and dump strategy. As a result there is a lack of confidence in the market as to the legitimacy of price increases and people are now less inclined to buy, which is why the price has flat lined. This is probably not the first time this has happened. I'm still long so writing this is probably a bad idea but I just wanted to hear what other people have to say on the matter. I do however think it will go up in a week or so, depending on when the next announcement comes.
XRPEUR - Possible BounceBullish sentiment prevails, with weekly correction taking place after strong bull run. Currently, bears are pushing hard against the 0.5 Fib value. If the support breaks, the next realistic target is between 1.1 to 1.16, where we will see a confluence of 0.618, 50 EMA and the lower Bollinger band. I'm expecting a strong upturn at that point.
More downside for XRPThis chart is in EUR. While most want XRP to go very high, I see more downside on the short-term.
I believe it will hit 1.37 eur support towards the bottom of the boillinger band.
This could be the completion of a corrective ABC as a 2 leg in 12345 uptrend.
The MACD and SAR on the 4 hour is bearish.
On the 1 day, the MACD has crossed over showing more downward pressure, so further downside to 1 EUR is not out of the equation either.
I would trade XRP very carefully right now.
H&S in indecisive market: 1,20 to 0,80 and even lower?I painted a more optimistic path but as you can see the last weeks could be seen as big h&s and it could likely fall to 0,80 or even lower. If you look closely you can also recognize that if we have a optimistic path in short term to the purple B the C has to end around the 61,8 fib zone (better would be around the green support line) ... otherwise the purple 2345ABC-forms another h&s that leads to a further drop which in my opinion contradicts all fundamental data about XRP and the impact it will have on the internal financial market. But charts are charts... so be aware holding too long.