RIPPLE trade ideas
XRP Bull Run Update 14-May-19Hi all!!
Good day! In this post, we are going to analyze Ripple Long Term Bull Market in simple terms.
I observe similarities of 2015-2016 Bear Market in 2018-2019 Bear Market.
The long term investors have only five questions to be answered in a Bear Market.
1. Obviously topping out (Red Text)
2. Finding the first Bottom (Green Text)
3. Finding the second Bottom (Yellow Text)
4. Where are we now? (White Arrow)
5. Where is the target? (Pink Zone)
Answers are marked in the chart.
For more updates, follow me here .
~RPS~
XRP / USD Price Analysis: Flooded MarketXRP / USD Short-term price analysis
Ripple has a bearish short-term trading bias, with the XRP / USD pair tumbling below its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing a large head and shoulders pattern, with XRP / USD sellers now testing towards the neckline of the bearish pattern.
Technical indicators across the four-hour time frame have turned heavily bearish and continue to signal further near-term losses.
Pattern Watch
Traders should note that if the bearish head and shoulders pattern on the four-hour time frame is triggered, the XRP / USD pair could fall to a new 2019 trading low.
Relative Strength Index
The RSI indicator is bearish on the four-hour time frame, although the indicator is attempting to correct from oversold territory.
MACD Indicator
The MACD indicator has turned bearish on the four-hour time frame and is still generating a sell signal.
Fundamental Analysis
Over the past weeks XRP has been hampered by a number of negative catalysts. CTO David Schwartz has sold a share of his tokens, and the company also announced that it has increased the share of sold XRP by 31% in comparison to the previous quarter. With the current sell-off for alt coins, the increased supply of tokens has likely created additional downward pressure on the token price.
XRP / USD Medium-term price analysis
Ripple has a bearish medium-term trading outlook, with the XRP / USD pair falling to its weakest trading level since late January 2019.
The daily time frame shows that a bearish technical breakout is underway, with the XRP / USD pair now trading below a large triangle pattern that has been dominating the daily time frame this year.
Indicators on the daily time frame have turned bearish and show scope for further downside.
XRP / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the overall downside protection of the triangle pattern on the daily time frame is close to $20.00.
Relative Strength Index
The Relative Strength Index Indicator on the daily time frame has turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator on the daily time has turned bearish and is issuing a strong sell signal.
Fundamental Analysis
Although Ripple continues to expand its partner network, there is still little information on how the company is progressing with adoption of xRapid, which directly utilizes XRP for cross-border payments. The absence of positive news and development in this direction could have a negative effect on the value of the project.
Conclusion
Ripple has a bearish outlook across both time frames with the third largest cryptocurrency by market capitalization erasing all of its hard-earned gains from earlier this month.
The XRP / USD pair could come under significant pressure over the medium-term if the recent bearish triangle pattern breakout on the daily time frame is confirmed.
XRP latest technical analysis#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend line developed since start of February month.
Ripple technical analysis today shows that it has also broken the 200H-MA(Moving Average) and is now resting on it.
If we further do XRP analysis then one can observe that it touched the ichimoku cloud resistance but couldn't close above which is slightly bearish.$0.3158 price level will act as immediate resistance, if broken, then it will be bullish for the asset.
Ripple analysis today on 4-Hour chart shows that Stock-RSI has moved to overbought zone as well as MACD is slowly curving up to the bullish zone.
Further ripple price analysis illustrated that if the present potential S/R flip doesn't occur then next level of support will be around $0.3000-$0.2976 which needs to hold up for bullish sentiments.
#3 Conclusion
Overall, Ripple(XRP/USD) needs to hold certain support level to sustain bullish momentum otherwise it would be bearish mid term for the asset.
Bearish descending Triangle with a potential breakout Feb 14XRP continues bearish as noted in the descending triangle from our last major high on December the 14th, with a retrace of 38% from that date. If we break the triangle on the upside {resistance} we could see the bulls kick into gear around the 14th of February , but, if we break the lower support of the triangle we will retest the next support down around the .2472 area. Let's hope "love is in the air" and we move to the upside as a well deserved run upwards into the green is much anticipated.
We are also sitting right on top of the lower BB as these bands once again tighten up.
Good luck traders and top the evening to you all.
A small retrace, then north XRPNow that the BB's have opened up a little we can see a more clear picture of a POTENTIAL slight retrace, then a move to the upside. Some selling pleasure indicated by the volume pattern with indicators on the Fib retrace. Lets see how this plays out over night and into the morning.
News is progressively bullish with an injection of enthusiasm after the Garlinghouse and Swif CEO duel today at the FINTECH PARIS symposium
XRP/USDXRP/USD(BITFINEX)
Ripple recently tested the $0.40 resistance level and couldn't break the same with dropping to $0.32 level(19%) recently.
Bullish Case:
If the manages to hold $0.32 price level and breaks the 0.38$ level then it would be slightly bullish for the asset.
Bearish Case:
There is a lack of buying interest(volume) and if It broke the $0.32 support level and closes below the green line with strong sell volume then it will be highly bearish case for ripple with a target of price level below $0.30.
XRP-USDhopefully we can stay above the purple/pink trenddailyline, the 15 minute broke also as the 1hour 2hour 4hour, only the daily is holding it atm, if it goes below the 0.363xx prev. low candle, ecpect a drop.
Another scenario is we go sideways, and just extend the trendline..
My game: i placed a small long entry under the purple/pink dailytrendline, aiming it will go up in the next couple of days, a tight stoploss has been placed around 0.36xx. trade safe!
Ripple Long-Term ViewRipple(XRP/USD)
Ripple
Overview
Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level.
Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward.
Long-Term Analysis (Monthly Timeframe)
Scenario 1: Bullish (Uptrend)
The bullish argument one can see on the XRP/USD chart is that it has been respecting the long-term trend-line(since July'17) pretty well. The trend-line was tested in September'18 which lead to a movement of 110+% upside. It is retesting again now and we might see an upside movement to the Resistance Zone 1 ranging from $0.63--$0.71 if the Support Zone from $0.16--$0.29 holds well.
Support Zone is quite a strong area of bounce as its the previous year resistance now turned support.
If Ripple held the trend-line then it might follow path "1" as specified in the chart.
If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from -$0.84--$0.98 within few months which might show some sign of bullish confirmation.
Stochastic RSI is also in the oversold region with an upward trend.
Scenario 2: Bearish (Downtrend)
If the monthly candle(December) closes below $0.28 and the trend-line doesn't hold up then we might follow the path "2".
If the trend-line is broken with strong sell volume then the trend-line will act as a strong resistance area to break in the future.
Generally, if the trend-line is retested multiple times then it becomes weaker.
Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors.
Short-Term Analysis (Daily and Weekly)
Scenario 1: Bullish (Uptrend)
The weekly chart of (XRP/USD) shows that the long downtrend line(red dotted) has been broken with significant buy volume showing bullish signs.
It tested the support zone and jumped 110+% in September'18 proving this zone to be strong support.
If this support zone held in the coming weeks/month then we might retest the Resistance Zone 1 ranging from $0.58--$0.70.
We get the confirmations of the next bull cycle only if the Resistance zone 2 ranging from $0.88-$1 is broken with significant buy volume.
Scenario 2: Bearish (Downtrend)
If the support zone is broken with significant sell volume then we might test area of $0.07-0.14$ price levels and support zone will act as a strong resistance area to be broken in the near future.
News and event analysis:
One of the major catalyst which happened in the past that, 42nd President of the United States Bill Clinton was a keynote speaker in the Swell conference held in the October'18.
Many banks are experimenting with its Ripple network(xRapid) for money transfer across borders.
There is still decision to be made by SEC(USA) authorities whether or not Ripple is security.
Conclusion:
Ripple remains in 2nd position, in terms of overall market cap rankings along with Bitcoin and Ethereum.
The 65-month-old coin is now experiencing its first bear market and has already corrected enough(91% down) to commence its new bull cycle in coming weeks/months.
People likely showed interest in Ripple as it offers a cheap alternative in terms of asset price when compared to bitcoin and other crypto assets with good fundamentals.
The only concern lies with Ripple is of categorizing it to be a Security which might lead to retail traders not able to participate in trading.
RIPPLE: 2 PLANS for 2 Scnearios! Very NICE moment to BUY or SELLHey tradomaniacs,
welcome to a trading plan for XRP/USD!
Important: Wait how the market reacts at the trendline and follow the direction!
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Type: Swingtrade
PLAN A: Short (Trendfollow)
Sell-Limit: 0,445
Stop-Loss: 0,57593
Target 1: 0,28221
Target 2: 0,21561
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PLAN B: Long (Trendchange)
Buy-Limit: 0,50
Stop-Loss: 0,41274
Target 1: 0,57639
Target 2: 0,75
Target 3: 0,93202
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REMEMBER:
The market is very uncertain and volatile. Still look at correlations of BTC and ripple
and watch the Kign carefully. We could easily end up with a SHORT-SQUEEZE which is going to dump all coins.
PLAN B has a short-term-target because this could also end in a FAKE-OUT!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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