Welcome to everyone interested in the Ripple coin!
I'm expanding my analysis upon this instrument as well(see my BTC posts).
This idea is the root idea every other post on Ripple
will be related to.
I base my TA on the widely known Elliot's Wave Theory
(influences as well: Prechter, Voronin(ov?), Frost).
The base wave map will be carefully analyzed
and all the...
As XRP heads further down this descending wedge the scream out loud buy area is between $0.14 - $0.17.
I'm expecting a good year from Ripple and buying at these prices represents a no brainer.
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
The small bullish with big bearish divergences by RSI played well. So the price had gone up from the triangle to the local resistance and bounced to the buy-support zone. Now RSI almost in oversold zone.
MA100 && MA200 support the bulls.
But if bears will take the price under a previous...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
There is a big bearish divergence by the RSI, which recently pushed the price to $0.25-0.26 . The price recovered afterwards and even updated the top. This divergence continues, which again can lead the price to the support zone, between the two support lines.
But locally, we also see a...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
Often Ripple is a leader in the number of transactions.
At this chart we see a large rising wedge and a double top inside that have already worked, a breakout has occurred and now the price is consolidating between key levels and MA100 MA200.
Stoch RSI is overbought and will soon begin to...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD logarithmic chart.
The price is near the resistance zone , under the middle line of the descending channel and MA100.
If bears will take the price under a key support level and fix it near the local support lines, then we should expect a further decline movement.
But if bulls will hold their...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
Perhaps we have just met a double bottom and this is the reversal point of the uptrend. In this case, we can take the target near 0.00003000.
It supports with a bearish div on RSI .
The main thing is not to catch a false breakout, so it's worth to wait for a breakout with...
Hi, dear Traders!
Monfex is at your service and today we overview XRP/USD.
Ripple in the ascending channel, formed an ascending triangle whose target is the resistance zone and the upper line of the channel, but this is 55% probability.
45% is a breakdown of the channel’s support lines and further correction, in support of this idea there is a big bearish...
Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.
The formation is very similar to an ascending wedge, for which the target is a breakout the support line, this is also in accordance with the strong bearish divergence by RSI.
But there is also an another side where XRP is on a good bullish wave and not so far we can observe the upcoming...
Hi, dear Traders!
Monfex is at your service and today we overview XRP/USD.
What do you expect from Ripple ?
We have already described in the preceding charts the situation and perspective by XRP and now we will determine the buy levels.
According to the weekly chart, a lot can be said about this asset. For example: by a breakout of the key level(~$ 0.315), along...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
The first signal to the begin of the bull trend is a break of the resistance line, the second is the key level for the start of the bull trend. But at the moment, XRP is under the line and globally in a bearish trend.
Local support level $ 0.268 - 0.27
Local level of resistance $ 0.28 -...
Hello, Traders!
Monfex is at your service and today we overview XRP/USD.
On the chart, we see two large channels (ascending) that set the PPP trend up. Locally, it is located in a small downward channel.
The first scenario: there is a support zone where the support line of one of the channels ~ $ 0.15 - 0.20 also crosses, from which an impulsive push up to new...
This is BitOwned with another trade setup for you ready for take off.
After the surprise drop from the cliff of BITFINEX:XRPUSD, that no one was expecting to happen (That should have been an alarm bell!), I took a step back as I usually like to do and waited for the chart to mature to find the best trade setup for you.
XRP/USD have stayed in the accumulation...
As we see XRP head towards $0.30, we see the trend set, the MACD have crossed as well as the MA's. 20MA could see a retest before we reject then drop further. Closed below the $0.35 support yesterday and is looking very bearish.
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