XRPUSD.P trade ideas
XRP Short Term Trend The trend lines in blue are for a the short term trend, and the trend lines in red are for the shorter terms trend. We see a a wedge created by the short term trend, and the point of the wedge XRP shot below the bottom trend line and sustained for over 5 sessions, confirming the down trend. The shorter trend shows downward parallel channels, meaning XRP could be trading sideways or downward for the next day or two before being able to break over current resistance. In the shorter term trend, resistance is at $1.20 and support at $1.03. MACD at the same level when XRP hit a lower low, indicative of the same difference between moving averages even at a lower level, meaning the 5 day average has gotten lower and hitting resistance becomes more likely. Likely breakout for XRP to be seen within 3-4 days. Huge breakouts are highly co-related with large increases in volume, especially for XRP. Keep a check on RSI, Volume, and Money flow index (if necessary) . Buy price between $1.1-1.2 if market doesn't go into a corrective mode, below $1 if the bottom trend is broken.
Where XRP may go With XRP's current hold on market, professional company and team, this is where is see XRP going. More and more news of adoption by financial institutions will land this year, but the actual boost we may expect when FI start using XRP in production. That will give XRP a big boost in value.
If there is no low sentiment in market, XRP will continue to near $2 at march end (or can be pumped earlier with good news).
XRP possibly read to take offXRP wedge is bullish on 15 minute charts. Each of the arrows represent a point at which XRP did a WXY, where W goes on an uptrend, Xcomes down for a slight correction, and Y zooms upwards. At each of the point with an arrow, XRP followed this correctional wave and uptrend. Important point to note is that the Y will reach a maximum short term target of 1.62 times the W. Which means, if W is at the $1.2 level, Y can go $1.944 in a three wave short term run. Looks set up for the same move since market correction also seems to be past the worst. Long term trend intact (bullish), targets look poised to go 4-5x current levels in a 1-2 month horizon
looks week and may fall to 1$...Crypto are in bear and will continue to go a bit down, wait until April for any fresh accumulation....
Inverted H&SThere is a possible major bullrun aproaching if we break the red resistance line. Then completing the bullpennant and the inverted Head and Shoulder pattern
grab any low and be on moon ...soon!!!similar pattern repeat expected buy any low . in group of top 5 price looks cheap (relatively) so there is more scope than others .
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XRP/USD - Short term target 3 plusXRP
CMP 2.71.
Cup pattern breakout observed in 4h chart.
Target 3 plus
Ripple/Dollar (XRPUSD) Ascending Triangle Chart Pattern!Technical : 1hr Chart Ascending Triangle Chart Pattern : Breakout Confirmed @ 2.09000
Technical Target : 2.58200
Unbelievable run - Take the profit.Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @ the trendline around $1.87 which is the 1.618 fib level. If it falls harder it could find some support at fib level 1 ($1.23). The selling volumes are pretty low though.
B. It may get into a consolidation phase for a while. Look at the encircled portions in the chart. Everytime it hit an all time high it consolidated along that line sideways before making the next move. In this case it may go along the fib level 2 line and find support at the orange trend line before making the next move.
C. If it manages to surpass the Orange trend line on top, it may reach $2.7 (fib level 2.414). This is less likely at the moment in my opinion.
What the next move would be is difficult to predict. We'll have to wait an watch. However, I have a feeling (this is purely my assumption based on the past performance of the ticker) that it'd follow option B above.
Note: if you went in early then now is a great time to seek some portions of your profit. :)
Please feel free to revert with your feedback. Thank you!
Time to be CatiousJust like BitCoin Bubble, Ripple is sending same negative signals.
We can clearly notice the Volumes are dropping and RSI negative Divergence.
Book your profits at right moment
Is XRP going to touch 1.5 USD on Dec 28. Dec 14.. It climb .45 USD to .83 USD -- Diff 38 cents
Dec 21.. it went up . 71 USD tp 1.12 USD .. Diff 41 cents
Dec 28 .. expect for 1.5 USD..
RIPPLE GOT FUELEDI can see Clear RSI Breakout in 3 Hour Chart
Looks Like Ripple got Enough FUel to drive more.Enjoy the show
RippleXRPUSD : Clearing out all the previous highs in just a couple of sessions (Great Price Action + Strong volumes) .. Expecting further upside (follow up action)
Ripple - Strong move aheadXRP/USD cmp 0.66738
Target 1.50 plus
Stop 0.43
1) Price breaks past consolidation zone in 1hr and 4 hr chart.
2) Base of 0.35 broken with excessive volumes and past this price has moved higher with excessive volumes.
3) Strong momentum seen
Parallel channels - probable multiple buy zones multiple buy zones appear at the fib levels. Confirm prior to trading. If this setup materializes, within the next few days you'd see cumulative profit around the colored zone.
