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Rippleforecast

XRP/USD - Will the bulls take charge? A higher time frame look.What do we have here? Looking at XRP on the weekly. First thing that jumps out to me is location. Location looks great. Investment grade. Throughout the later half of 2018 and in to 2019 we based right off the original market structure breakout level at $0.2999 in 2017. Certainly not in shorting location on this weekly chart. The 2018 lows at ~$.0.24 seem to be holding as strong support. Makes for a nice stop level if you're taking long shots. Volume profile indicates the majority of 'business that's been done' on XRP was right around 30 cents - basically where we've been trading for the last 10 months. Nice sideways consolidation / accumulation action in price action corresponding with those levels. To me this says, "The majority of bag holders who bought and never sold the last bull market are exchanging their XRP for USD at around $0.30." Haha. Kind of cheeky, I get it. You can see we're finding resistance at the downtrend line drawn from the 4/20/18 counter trend rally. Before I think about adding to my position here I need to see this downtrend line traded through with a market structure breakout on the opposite side. We're at least a few weeks out from seeing that. I've talked before about the inverse correlation we see between CRYPTOCAP:BTC.D and XRP. It's especially pronounced when you look at altcoins vs. BTC, however, it's still valid comparing vs. USD. Titled "BTC Dominance as Proxy for Altcoin Sentiment," you can see that chart here: That being said, we got a nice big M top come in within BTC Dominance. I've found this to be an extremely powerful bullish signal for the other coins like XRP. Makes total sense, right? Money is flowing out of BTC, where's it going? Things like XRP. I do like the similarities between the market we were seeing in the later half of 2017 to what we're seeing now. BTC lead the market, you could see its dominance rising aggressively day by day, until eventually BTC stalled out up top, traded in a range, and all the money started pouring in to the altcoins. I'm seeing very similar action in today's market. BTC trading range bound between ~$7.5k - ~$9.1k, BTC dominance starting to break down, alts starting to perk up and put in nice market structure bottoms. Looks to me like the perfect storm brewing for an altcoin rally over the next few weeks or months. XRP/USD Internals Not shown on this chart because there would just be too much information and it would look like a mess. Maybe I'll make another chart if you guys are keen to see how I identify confirmed divergence. What I'll say is that there is confirmed bullish momentum divergence within the MACD. We've been stupidly oversold for a hell of a long time - pretty much regardless of what kind of momentum oscillator you use. RSI, Williams %R, stochastics, whatever. I'm seeing bullish volume breakouts expressed through On Balance Volume (OBV). Put it all together and the internals are looking rock solid for a reversal. As far as projections / profit targets go: What sticks out to me is the confluence of harmonic levels lining up around $1.41. - .382 fib retracement (drawn from 2018 top @ $3.30 down to 2018 low @ $0.24653) - 1.618 fib extension (drawn from April '18 top @ $0.966 down to 2018 low @ $0.24653) Very rarely do you see longer time frame harmonic levels line up this closely. In my experience when you see this it ought to be respected and paid close attention to. Also very rarely do we see markets go down and never see at least a 38.2% retracement of the old highs. Myself and many harmonic traders alike use 38.2 as a "first stop target." First stop should imply that this isn't an aggressive profit target by any means. XRP/USD Weekly Chart Summary Is any of this making sense? I hope so. Overall I think the technicals look great. Location, internals, market structure, intermarket-wise. Lots of independent reasons for a trade here. Again, this doesn't mean go and market buy XRP. Follow your trading plan. (Do I have to keep saying this?) Doesn't take a rocket scientist to examine the downside (break of those ~$0.24 lows) and the upside ($1.41 as 38.2%) retracement. Clearly there's a lopsided risk:reward ratio here. High potential reward. Low downside risk. That's what this game is all about. If you're the guy who likes these types of opportunities, maybe this is an idea to chew on. FREE TRADING EDUCATION We talk about all of this stuff every day Monday through Friday in our 100X Challenge livestreams on Youtube. You can check those out here. If you want to learn the basics of technical analysis, risk management, setups, and the fundamental principles of profitable trading - Check out our Level 1 course. We're giving it away for free right now (will sell for $2497) for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' in the checkout. - learn more and get a free course preview here. Cheers, FromTheEther DISCLAIMER: This is not an attempt to shill BITFINEX:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPBTC in any way. It's also not a buy recommendation. Personally I'm not a big fan of the coin itself, but that doesn't stop me from trading it. I'm a trader, not a financial advisor. By definition I look to identify and capitalize on high probability, high reward, low risk opportunities as often as possible. That's my job. That's what I do. I'm just telling you what I'm seeing and trying to be as objective as possible while doing so. OK! Talk to you soon.
BITFINEX:XRPUSDLong
by bitflip01
3
Ripple's Bollinger band squeeze marks big move incomingWe've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger Band. Give uncertainty a kick in the pants! Judd Armstrong CryptoniteTV.com
POLONIEX:XRPUSDLong
by TheUnlistedProject
Is that it? Is Ripple back to greatness? #XRPUSDWe should not be excited by the last rise and think that this is what we are going to return to the climax of the Ripple. Why not? Look at what happened to Ripple between the 17th and the 24th of September. The green candles were very big and it seemed that the Ripple was going to settle above the average moving 200 and then everything evaporated, the Ripple fell back, he lacked power or a real reason to go on. I'm afraid it might happen now. For all the speculators I suggest continuing to ride the rising wave because we are only at the beginning. For all long term investors, I suggest waiting patiently for more positive signs.
BITFINEX:XRPUSD
by xosignals
Ripple Getting ReadyXRP has been underperforming compared to BTC for all of 2019. On April 2, a sudden sharp sell-off increased the decline to an even steeper rate than beforehand - this level of about 7540.5 sats is an excellent midpoint candidate and suggests we'll bottom soon with brief spikes possible below the 4358 sats level. If this plays out I suspect it'll mark a turning point for many alts to outperform BTC for some time since BTC has had a good solid run lately without many alts following suit.
Long
by CryptoBanker
BTC Dominance as proxy for altcoin sentiment - XRP USD ExampleOne of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins. And if you set your alts vs. btc instead of alts vs. USD, the correlation shows up even clearer. This can turn the question from 'When will Ripple go up?" or "When will X altcoin go up?" to "When will BTC Dominance break down?" BTC dominance as an excellenet proxy for altcoin sentiment. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' - learn more and get a free course preview here education.truebinary.io
BITSTAMP:XRPUSD
by bitflip01
2
#Ripple The right moment to buy?Last week we saw a very large rise in the Rippel and a correction of this rise, what can we expect to continue? You can see that last week the Ripple broke the resistance and rose to the 200 moving average line and when it fell it stopped just in the resistance area that actually became support. We think this is the right moment to open a long position with a relatively close stop at 0.3180 Entry Price: 0.3270 Stop loss: 0.3180 Take profit: 0.3680
BITFINEX:XRPUSDLong
by xosignals
2
RIPPLE POSSIBLE BUYAfter a logn bearish run in the higer timeframes finalyl we can see a bullish move on soem coins ,so right now i would like to try to go long as a very interesting set up is been presented here with some nice confirmations to aim for a 11% to 15% and those are : 1.Broke the major descendign weekly TL 2.Created a new high in the lower tiemframes 3.closed abvoe previous high and shadow 4. new bullish 1st structure formed and holding above the MP 61% fib
BITFINEX:XRPUSDLong
by Forex_Society
I don't like $XRP but I like free money - Day Trader ExplainsHello Lads and Ladies, Welcome back to TJ's Trade Corner! Today, we will take a deeper look at XRP and what it might have in store for us. Lets jump right into and look at the structure that we are seing right now. We are clerly seeing a rising support or what you would call a series of higher lows. This is indicating us already an important part of an uptrend. The specialty here is though, that we have two rising supports, which give us basically a rising buy zone in between each of them. Next, we see a clear descending resistance for the whole chart, which in essence is a series of lower highs. These two finding combined give us triangle or wedge formation. A wedge formation has a higher chance to break upwards than downwards. One more really important thing that I see here is that we are trending down and basically forming a faling wedge since CHRISTMAS!! This is crazy and XRP had no extreme moves during that time. Not even right now where almost every imaginable coin started pumping. This could either mean that XRP is dead, or that we will see major action relatively soon. So, we have a small downtrend (falling wedge) since Christmas, lets take a look at the volume!! Is the direction backed by the volume? No. Chart is descresing, volumeis descresing as well, meaning less and less people are incentivised to sell right now. Having these bullish signs, I will open up a new trade based on that. Now, one of the most important things about that is the STOP LOSS. Where should it be? A stop loss shoudl be at an invalidation point. Now, the invalidation point of the rising buy zone OR the possible double bottom? Here, remember the rule, after trendlines are broken, we need to break horizontals next. Meaning by that, the STOP LOSS should be below the possible double bottom, while you still have buy orders below the rising buy zone. This trade has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
Long
by KongTrading
XRPUSD - 1D Chart AnalysisAfter 2 days in which the trading volumes have increased, the price of Ripple has manage to stabilize above the 20 days Moving Average and new bullish trend on a 1D Chart has started. A similar price evolution like the one from today has been registered 2 times in the last 3 weeks but in both cases, the price lost it's ground afterwards, as it follows : * On the 30th of January, the price of Ripple has "jumped" with almost 12% but in the next 7 days, it has lost all of it's gained ground based on the decreased trading volumes. * The same thing happened on the 8th of February, when we could see an increase of almost 8% but this time the losses which were registered after were smaller than before (only 3.83%). In both cases, the growth has been signaled by the Stochastic with it's "fast" line going above the "slow" one and with the MACD setting it's position at the top of the Signal. From the technical perspective, this time is different : * The RSI had a neutral position, meaning that the actual "impulse" shouldn't be aggressive * The Stochastic has registered a crossover on the 14th of February but it also gave us "false" signals before * The MACD's position above the Signal has been registered since the 8th but in the meantime, the price had an inconsistent evolution. In this scenario, the most reliable indicator in deciding the price evolution is represented by the trading volumes. And from here, we have 2 possible scenarios : 1. If these one will stay at least constant, there are chances to see the price of Ripple trying to break the Resistance level of 0.3253. 2. On the other hand, if the volumes will drop after the impulse like in the previous 2 cases, it is possible to see the price going back towards the level of 0.3089$ which is also it's average value for the last week.
BITFINEX:XRPUSD
by ReadBTC
XRPUSD - 1W Chart AnalysisIn the last 18 weeks, the price of Ripple has lost almost all of it's growth registered on the 17th of September, (day in which it has doubled it's value) based on the trading volumes which have been inconsistent. And even if the evolution of the trading volumes oscillated, the trend of these ones remained negative and we can say today that the price of Ripple is "searching for it's bottom". At this stage, the RSI seems to remain constant at the level of 42. The Stochastic has an "oversold" position but there is no sign of a trend change, as long as it's Moving Averages are not intersected yet. On the other hand, the MACD is still below the Signal, meaning that the the price decrease may continue. However, if the trading volumes will remain at the same low level, there is no sign for a big decrease in the market. Considering all these circumstances, it is possible to see the price of Ripple going through a period in which it will continue it's sideways movements down to the level of 0.2500$ before it will start to increase again.
BITFINEX:XRPUSD
by ReadBTC
XRPUSD - 1D Chart AnalysisAfter 29 days of a bearish trend and a drop of 36%, the price is finally going through a better period and is about to register the 3rd consecutive day of growth. Another important detail is given by the crossover of the 20 days Moving Average meaning that, according to the Bollinger Bands, we are assisting to a trend change which can also be confirmed if the price will finish the day higher than 0.3367$. As we've mentioned on the previous posts, this first candlestick which is fully created after the price has crossed the 20 days Moving Average, can be considered as a very powerful confirmation of the trend. And the easiest way to check it is to follow the chart and to identify the previous similar situations : - On the 5th of November, after the price has "jumped" above the 20 MA, the green candlestick has confirmed the increase which followed; - On the 20th of November, after the price went below the same MA, the red candlestick has confirmed the decrease. Having a look to the technical indicators as well, we can easily identify favorable circumstances for this scenario, as it follows : * The RSI is 48 and it can be considered "neutral". It has managed to recover from the "oversold" position and it has potential go go even higher; * The Stochastic`s crossover from the 16th of December has signaled the uptrend and the distance between the "fast" and the "slow" lines is still big enough. On top of this, there is still more room for the price to increase before the level of 80 will be reached; * The MACD also above the Signal since 2 days ago, meaning that the uptrend has big chances to continue. With the actual trading volumes, it seems that the odds are favorable for the price of Ripple and we have big chances to see the price reaching 0.36$ in the following days.
BITFINEX:XRPUSD
by ReadBTC
XRP. I expect a test of $ 0.305-0.315In the previous idea , I was expecting the end of the fall in the price zone of 0.27-0.28 $. The price did not reach my goal (local minimum was $ 0.285) and buyers beat the top trend line of the wedge. If we analyze volumes on which buyers beat the upper trend line then they were raised. However, were they reversible volumes, after which you can say with certainty that the trend has changed? Let's analyze the volumes on November 25th. They were twice as large as the present volumes: But even with such volumes, the market did not turn. It was a correction. Now the price is near the price zone, which has been trading on large volumes since November 25, and I'm not sure that buyers will be able to go above $ 0.35-0.36. If we analyze the margin positions of sellers, then in their growth their positions were actively closed: Sellers closed their positions with a loss and helped raise the price. Between the price of 0.31 and 0.34 there is practically no liquidity, so the price so easily crossed this distance. However, it is also easy to fly back and forth. On wave analysis, I expected a longer consolidation in the wedge and a minimum target of 0.38-0.39 $. However, it is possible that the current growth is the last wave of correction and the price zone 0.35-0.36 coincides with two levels of the Fibonacci, which are constructed from the low wave 5: In order to understand whether the falling on this coin will continue, I am expecting a test of $ 0.305-0.315. If buyers keep this price zone, i can consider the growth scenario. Otherwise, sellers will test $ 0.278:
BITFINEX:XRPUSD
by P_S_trade
2
XRP. After the test 0.28 I'm expecting a rebound.This idea is a continuation of my series of XRP ideas. In the previous idea I cried about the end of attempts by buyers to turn the price and the beginning of the formation of a new wave of the fall. The price has reached my first target. Now, if sellers can fix below $ 0.315 on a big timeframe, I expect a test of $ 0.28, after which I expect a rebound. During the rebound, it will be clear to me whether the global correction that began on September 22 is over, or whether it is a rollback, after which the fall can continue. At the moment, the volume on this coin is not large and I do not see the large activity of buyers in this price zone to buy this coin: Therefore, the probability of continuation of the fall is up to $ 0.28. In the wave analysis, two levels coincide at that price. Wave c=1.618*a On a smaller timeframe, the current momentum of November 28 at a price of $ 0.28 equals 0.618 * on a pulse from November 18th: If to analyze horizontal volumes, then in the price zone 0.27-0.28 $ there is a good liquidity, from which a real rebound. If you look at a pair of XRPBTC then the price actually reached the bottom of the trend line: Therefore, at a price of $ 0.28, I expect a rebound.
BITFINEX:XRPUSD
by P_S_trade
1
XRP decision time! XRP has drifted lower recently after holding up extremely well in the market collapse We have fallen near $0.29 and are approaching a demand zone This has been a strong support OB in the past and we can expect to see a similar reaction If we do get a bounce, we could see a retest of supply above after some consolidation at this bounce zone If we get a flush straight through this zone, it would indicate extremely bearish PA and new lows are very likely with downside targets outlined in the chart where we could expect some type of reaction from bulls EMAs still trending lower with no sign of leveling off so far Thanks guys
BITSTAMP:XRPUSD
by CM_Trades