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Ripple - "Buy the rumor, sell the fact"In our previous idea on Ripple, we stated that it was one of a few cryptocurrencies that failed to reach a new all-time high during the latest bull cycle. Additionally, we expressed our bearish views on it over the coming months, set price targets at 0.30 USD (medium-term) and 0.28 USD (long-term), and presented a conservative setup with two possible scenarios. Since then, the price of XRPUSD has shot to the upside through the short-term resistance, which is a bullish development we previously outlined. Typically, such price action would invalidate our price targets on the downside for the short-term price target. However, fundamental factors (increasing interest rates and economic tightening) driving the primary trend have not changed, which allows us to stick to our price targets. Indeed, the abrupt move accompanied news that came out regarding the legal case between RippleLab and the SEC. It took merely a few hours, and we are already noticing a wall of bullish posts forecasting the reversal of the primary trend and the beginning of a new bullish era. However, we have little faith in this thesis because of the slowing global economy and growing geopolitical problems coupled with risk aversion. We acknowledge that thin volume can lead to a higher price in the short term. However, we think the rally will not sustain in the medium and long term. Furthermore, we believe the recent price action is just a short-lived hype like in the case of other cryptocurrencies that already underwent breakouts to the upside (which were dampened in XRP) from a wide range (in July and August). As for the short-term, we do not know how much higher XRPUSD can go. However, we are already seeing several warning signs. Because of that, we will pay close attention to volume and price action. Other details are described below. Illustration 1.01 Illustration 1.01 shows the conservative setup we showed on 8th September 2022. Since its introduction, the breakout to the upside took place, hitting a bullish trigger. Subsequently, the price ripped up more than 40%. Technical analysis - daily time frame RSI is overbought. MACD and Stochastic are bullish. DM+ and DM- are bullish. Overall, the daily time frame is bullish. Illustration 1.02 The picture above shows the price action that followed since the introduction of our setup. Declining volume after the breakout serves as a warning sign, hinting at the evaporation of buyers after the steep climb in price. Technical analysis - weekly time frame RSI, MACD, and Stochastic are also bullish. DM+ and DM- are bullish. Overall, the weekly time frame is bullish. Illustration 1.03 Illustration 1.03 shows a similar decline in volume on the hourly chart of XRPUSD (this time on Binance instead of Bitstamp). Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDLong
by Tradersweekly
28
XRP (XRP) - September 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The key is whether it can be supported by rising to the 0.4989-0.62 section. If you get resistance at 0.47, a pull back pattern may come out, so you need to check if it is supported around 0.4084. (1D chart) 1st resistance: 0.4989-0.5468 2nd resistance: 0.5468-0.62 1st support: 0.47 2nd support: 0.4084 The 0.4989-0.62 interval is the interval that determines the trend. Therefore, if it rises above 0.4989 and is not supported, and when it falls below 0.47 and receives resistance, Stop Loss is required to preserve profits. However, if it does not fall below the mid- to long-term downtrend line (1), it is expected to maintain an upward trend, so countermeasures should be considered. If it rises above 0.62, it is expected to show a full-fledged uptrend. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Jamie Gun2Head Trade - Selling XRP Trade Idea: Selling XRP Reasoning: At daily resistance level, able to keep stop tight and get good Risk/Reward shorting here Entry Level: 0.42098 Take Profit Level: 0.36030 Stop Loss: 0.43850 Risk/Reward: 3.46:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
BITFINEX:XRPUSDShort
by Signal_Centre
1
XRPUSDT - Too Late to Jump in? 🤔Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 If you've been following me for a while, you'll now that I am extremely bullish on XRP - have always been. Infact, here's a recent video I made on the potential and why I am bullish on XRPUSDT : XRP is currently trading right under the first ever major support zone around 40c. There is another 9 Days left on this monthly candle. What we need to see now, is a monthly CLOSE ABOVE this level. If we do, we can consider more bullish price action for XRP and I'd be happy to add a short term swing spot position with a TP zone at 47c. That would be an easy, low risk 12% increase. However, if not, then this was likely just a fakeout and more bearish price movement can be expected. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
23
XRP (XRP) - September 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The key is whether you can climb to the 0.4689-0.62 section. To do this, it is necessary to confirm that it is supported and can rise in the 0.2727-0.3466 section. (1D chart) 1st resistance: 0.3814-0.4084 2nd resistance: 0.47-4989 1st support: 0.3283-0.3466 2nd support: 0.2727-0.2829 The key is to find support and move up in the 0.3283-0.3466 section. If you get resistance at 0.3283, you can touch near the 0.2058 point, so you need a countermeasure. A full-fledged uptrend is expected to begin when it rises above 0.62. Therefore, until then, a short-term response is required, and a transaction to increase the number of coins is required. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
XRP - The Ultimate Falling Wedge!Here's a quick look at the weekly XRP chart. As we can see, the price has been in the bigger falling wedge for some time now. If we want a reversal, we need a break above the falling wedge , and also keep above the resistance zone . Otherwise, the price will continue to oscillate lower. If BTC goes down from current levels, then XRP could see a rejection from the upper trend-line! ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
2
Ripple - Once a promising cryptocurrency, down 90% from ATHRipple has been trading predominantly within the wide range for the past three months, indicating a neutral trend. Despite that, we remain bearish on XRPUSD and await it to drop below the short-term support over time. Our notion is supported by a combination of fundamental and technical factors. However, the fact that this cryptocurrency is down approximately 90% from its all-time high also supports our view. Because of that, we would like to set the medium-term price target for XRPUSD at 0.30 USD and the long-term price target at 0.28 USD. Illustration 1.01 Illustration 1.01 depicts the daily chart of XRPUSD and the conservative trade setup. The yellow rectangle indicates the wide range. The breakout above the short-term resistance will be bullish, while the breakout below the short-term will be bearish. Technical analysis - daily time frame RSI and MACD are neutral. Stochastic is slightly bullish. DM+ and DM- are perform whipsaws, and ADX contains a low value. Overall, the daily time frame is neutral, showing no price trend. Illustration 1.02 The picture above shows the weekly chart of XRPUSD and two simple moving averages. These two moving averages, 20-week SMA and 50-week SMA, reflect bearish conditions. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD points to the upside but stays in the bearish area. DM+ and DM- are bearish. Overall, the weekly time frame remains bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
34
Jamie Gun2head Trade - Selling XRPUSDTrade Idea: Selling XRP Reasoning: Bearish looking candle at decent resistance level Entry Level: 0.3321 Take Profit Level: 0.3225 Stop Loss: 0.3364 Risk/Reward: 2.23:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
BITFINEX:XRPUSDShort
by Signal_Centre
Jamie Gun2Head Trade - Selling XRPUSD Trade Idea: Selling XRP Reasoning: Formed bearish candle on hourly chart at key resistance Entry Level: 0.33160 Take Profit Level: 0.31900 Stop Loss: 0.33640 Risk/Reward: 2.62:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
BITFINEX:XRPUSDShort
by Signal_Centre
XRP (XRP) - August 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) Whether or not it can move higher than 0.4989 is crucial. (1D chart) We need to see if we can quickly rise above 0.3283. If resistance is found at 0.3283, I would expect a move towards the 0.2727-0.2829 range. With this increase, it is showing a downward trend after an increase of about 42%. From the high of the uptrend, it is down about -19% to the 0.3283 point, the point where support is needed to sustain the uptrend. Therefore, if it finds support and rises near 0.3283, it is expected to move up to around 0.4989. (XRP.D 1W chart) However, it is only when XRP dominance breaks out of a downward trend that it will show a full-fledged uptrend. As the Bollinger Bands contract in this way, it can be seen that they are being excluded from the market. If you want to invest in XRP, I think it's time to buy slowly when you see this. However, if you are investing in the short term, it is better to buy when the Bollinger Bands start to spread. Otherwise, you may stagnate your funds and miss out on a better opportunity. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
XRPUSDT - Parabolic FRACTAL shows +700%Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 XRP is an underrated altcoin with massive upside potential. It's one of very few long-existing coins trading far underneath ATH. Fundamentally, it's also one of the altcoins with the highest selling points to make for a strong argument in investing. I've identified a macro parabolic fractal on XRPUSDT that shows great potential of +700% if we go back to the 0 Fibonacci Retracement level, currently also the next major support zone at 28c. Watch this quick 5min video to find out how we get to 700%. Want to know a little more about buying at the bottom? Watch this quick educational idea on Ethereum and the Dollar-Cost-Average method: Into Bitcoin? Here's my ultimate speculation to $100K: _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
39
XRP still in a downtrend...Here's a quick look at the weekly XRP chart. As we can see, the price has been in the bigger falling wedge for some time now. If we want a reversal, we need a break above the falling wedge , and also keep above the resistance zone . Otherwise, the price will continue to oscillate lower. ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto