Seem like market formed Cup and handle pattern and now it's availabe inside handle and can breakout in few days and can trade as per drawn chart. But as per market condition, i will not recommend to wait for higher targets (as per pattern target) but can take decent profit with tight Stop-loss.
Here I have outlined some possibilities I see playing out for XRP. Lets start by noticing XRP is currently falling from a hidden bearish divergence, not shown on this chart but you can find it on the 4H. The white line I have outlined is the top of a longer term falling wedge, price has broken out from this falling wedge and this is a typical retracement back down...
This is a short that should not be missed. We have bearish divergences on the daily timeframe and the price is at the 0.5 retracement level. It could go up to the 0.65 retracement level, where is the resistance of the ascending broadening wedge so ladder your shorts carefully.
Big Risk to Reward: - Targets labeled below (Will be watching price movement / reaction around those areas) - Watch the zone we are currently in for potential resistance / support flip! - If support holds (8450) we could continue upward... - Don't FOMO wait for a good entry point - watch price movement around supports - Its to note that XRP has been correlating...
Bear Pennant forming on the H4 - Good Risk to Reward - Tight Stop (In case we do breakup...) - Watching MACD carefully - Short targets labeled below Will be watching this one today to see how the market develops!
Another possibility is dat #Ripple | $XRP follows d PINK line!
Big Short Fractal is in play near the cloud! Looking for 100%+ Fib-Retracement since last Bottom and Top! Targets:- 1) ~0.00006963(0.618) 2) ~0.00005693(0.786) 3) ~0.00004937(0.886) 4) ~0.00004075(1.000) If you are too much long for the short :p 5) ~0.00001957(1.28)
Big Short Fractal is in play near the cloud! Looking for 100%+ Fib-Retracement since last Bottom and Top! Targets:- 1) ~0.00006963(0.618) 2) ~0.00005693(0.786) 3) ~0.00004937(0.886) 4) ~0.00004075(1.000) If you are too much long for the short :p 5) ~0.00001957(1.28)
XRPBTC : the micro uptrend, the bullish triangle and MAs, the bearish rising wedge and indicators, in the resistance zone, trade through the breakout.
Everything you need to know is on the chart. This could be a breakout for XRP- or just another small leg up. Personally I am layering shorts from 110000 up : ) The TK went up to test the .218 and got rejected- I think the same will happen for price. Namnaste'
Looks to me that the big fish have been unloading there nice 170% profits here. I think we will see a correction to the 79% fib and below for the stop hunt then we keep progressing up. Just my 2 sats.
XRPBTC shows us Elliott Waves cycles. Targets - 0.0000512 - 0.0000494 - 0.0000475 - 0.0000450 Stop - 0.0000547
XRP has been in a overall downtrend sense january. in the last 2 to 4 weeks we have seen attempts at breaking downtrend. With failure to reach new highs in the last week. Xrp will be going down down down .
Ripple rejected the hard resistance . Its on watch for the next 24 hours! im margin trading on poloniex xrp short opened right after the rejection a short.
Chart pretty much speaks for itself. The support at 0.786 fibs is broken and I am expecting to see ripple at 13k-14k sats. I do not expect to see a recovery at this point as BTC's market dominance is going up day by day. RSI signals that XRP may still lose its value against BTC. This is not a trading/investing advice and I am not responsible for any losses may...
Just for my record... looks interesting. Any comment or idea if you see or think or whatever something, welcome. USD Longs rising, looks it has a very strong support BTC Longs steady and trying to push up, maybe bouncing over some kind of support. Shorts (BTC and USD) seems to be hiting with a roof... Seems they have never been very significant against Long. ...
#XRP- Ripple is sitting on the 50 week support line. Fib levels match up w/ 50 week, see if this can hold 7k+ and go to 8-9K, if not expect it to fall to the next level.
Buy the support(redlines), sell the resistance(green line)