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XRP-USDT

XRP/USD we might break downtrend resistance for good!The two possible scenarios are self explanatory as you can see in the chart. I personally believe the uptrend will be sustained by the bulls. As many have commented, the weak hands are gone and whoever is still holding after the bear market will stay for the good days too. I am looking at XRP breaking downtrend resistance and closing above the previous high to confirm the new trend. The mid term target is .31 but correction will be expected before climbing further up the ladder. Please have a look at the charts and leave a comment sharing your thoughts on this trade. Hope you have a great day/night. All the best!
Long
by olhares1
XRPUSDT 2020 OverviewXRP FROM ESCROW: On the first day of each month 1,000,000,000 XRP is released from Escrow and sold to corporate clients of ripple. This is essentially the rate of supply and underlying supply schedule. Once all XRP has been distributed from Escrow, all XRP will be in circulation. This is in my view an alternative method to mining as XRP can not be mined. BINANCE XRP FUTURES: One of the world's leading exchanges, Binance, added XRP to its Futures trading platform. The coin is available in the form of XRP/USDT perpetual contract with leverage up to 75x. It means that XRP is now available for margin trading. Binance explained more about their new product with this comment: "The Perpetual Contract is an attempt to take advantage of a Futures Contract - specifically, the non-delivery of the actual commodity - while mimicking the behavior of the Spot market in order to reduce the price gap between the Futures Price and the Mark Price. This is a marked improvement compared to the traditional Futures Contract, which can have prolonged or even permanent differences versus the Spot Price." The contracts are traded against the stablecoin Tether (USDT), and users can choose between 1x and 75x leverage. Futures trading is extremely risky, with the potential for big profits and devastating losses. It allows users to enter positions that are larger than their account balance, and perpetual contracts have no expiration date. It is believed that this event heavily contributed to XRP leading a crypto market rally on Monday. According to the market data compiler CoinMarketCap, the price rose by approximately 10-12% depending on where you measure it from. According to a new report from the exchange, BTC futures, which launched in September, have consistently posted higher volume than spot trading for the leading cryptocurrency. Binance says its Bitcoin futures contracts recorded a median daily volume of $923.1 million in December, while the spot market displayed $285.6 million daily volume. Source: Binance Research XRP VOLUME: Although this chart shows a rise in the average volume level and greater dynamic range would suggest that XRP is getting traded more recently. However according to the market data compiler CoinMarketCap, the volume remains fairly consistent and flat. However zooming in to the total market volume you can clearly see that Binance has cause a spike up in volume from 1,000,000,000 USD/24 Hour to 2,300,000,000 USD/24 Hour just after launching their XRP futures. Will this be the beginning of a trend up for the trading volume? We shall see. Probably yes. NEW RESISTANCE MANIFESTING: With upper spikes of around 0.21USD - 0.22USD it would seem that this would be a daily if not weekly target to break through. The sooner it comes the more contagious buying becomes. PREVIOUS STRONG SUPPORT @ 0.30USD: For the first third of 2019 XRP appeared stable at 0.30USD. This gave a lot of people hope the bottom was in, however traders were rekt as the price went bearish for pretty much the entire second half of the year after a 2 month long fake out to 0.50USD. BTC HALVING Mid May will see the Bitcoin mining reward reduced by 50% causing a huge fall in the rate of supply. If people still want to be buying this at the rate they are, this may naturally start a gradual yet extended BTC bull market until the bulls run out of steam. If the BTC halving creates more bull euphoria in the crypto space. XRP being in third place will be likely to increase in value. Last BTC halving help push XRP into second place, knocking Ethereum off the number 2 spot. AS ALWAYS THIS IS NOT FINANCIAL ADVICE.
Long
by UnknownUnicorn3424570
Weekly Pattern so I've seen this on smaller time frames but never a weekly. i wanna say this is a trend flip. XRP falling from 0.30$ bulls tried to regain control and bears rejected, after the rejection bulls now have a chance again from 0.20$ area to spring this momentum if they are able to keep 0.24$ on the weekly close. could start to see things getting very bullish going into 2020. if 0.20$ gives out then I'm not sure where the next support would be. and XRP wouldn't be the only one in trouble
by KidCrypto514
1
XRP/USDT forming downward sloping bull flag in an uptrendRipple XRP to the tethered USD is forming a nice sharp downward sloping bull flag in a uptrend. A downward sloping bull flag indicates seller exhaustion, making the bullish pattern even stronger. And when this occurs in an uptrend, the bull case is even more valid. To further drive my point home, XRP is wicking off of the 20-day moving average on the daily chart, using that area as resistance with a nice bullish candle body barely below it, and a long upper shadow striking through (see below) The fact that XRP still hasn't broke through its 20-day moving average shows we still haven't seen it's biggest gains yet. Once it breaks through the 20-day ma on the daily chart and closes with a nice green candle body above it, XRP will have a much greater breakout than the one we've seen this past week. This would be no surprise as XRP with the 3rd largest market cap has been beaten down for so long. The measured move of the current bull pole bull flag is around the 55 cent area, a ~13% upside. Good luck XRP.
by remlog
NXT (NXTBTC) on Bittrex - Chart Analysis by Request + TargetsHere I am sharing some quick details about NXT vs BTC on Bittrex. This is a general analysis by request and this is not a trade suggestion. Use this information as a tool to better understand this coin if you are wanting to trade it. Add this plus everything that you already have to make an informed decision. Enjoy the analysis and thanks a lot for the likes, shares, follow and comments. I appreciate your continued support... Namaste. NXTBTC - CHARTS, SIGNALS & INDICATORS 4 hours chart: - This one is bullish. Going up strong. - There are no bearish signals here. Daily chart: - Based on the last all time high, there is plenty of room left for growth. - The MACD shows room for growth as well and positive divergence. - There is a breakout on the daily chart. - SMA20 crossed the SMA50 line recently, another bullish signal. - RSI is overbought so NXT can have a retrace before it continues. - Very low volume allows for plenty of room for growth. Here is a closer look at the daily chart: Targets: LONG TERM (1) 0.000045 (2) 0.000065 (3) 0.000080 (4) 0.000095 (5) 0.000111 (6) 0.000146 Thanks again for reading. Kisses & Hugs. Namaste.
NLong
by MasterAnanda
21