Maybe the company that supplies Ripple is trying to stabilize the prize. We have to take in mind that this currency is not fully decentralized in that context, but is looking good right now.
Cup and handle most likely forming, if not then I expect the h&s to push it down to the last trendline. I'm long. If XRP forms a c&h and breaks out of the top trendline, then expect STRBTC to follow also. Disclaimer: sorry for my poor usage of drawing tools. It's my first chart.
XRPBTC just create new high.. if someone who already miss the flight. can pulback at the blue box. after u see candle confirmation there.
still on the long run xrp.. im put long run on this. buyer take order. hold the xrp. unless the price going down break the black line
I'm bringing you guys something entirely new on Ripple, this cryptocurrency is one that has definitely become more and more appealing over the past couple of months. The setup in front of you today is on the daily timeframe :) feel free to check out my previous post for Ripple (chart is shown below). Price is still respecting the 0.618 and 0.786 retracement...
Hi! Little update on my previous idea () What a wild weekend, after I posted that we broke out of the sideways movement we've had a hell of a rally to 4500. Alot of alts were up during the weekend, so we had to come down a bit. We've settled at a current base of 3345 satoshi. For a why , look at the red circles. The market used a previous resistance during...
I missed to publish the 6k target, I hope everyone was able to make their profits. My next designated target is 7500 and I think we will have a sharp cap at 8k. Initial buy somewhat over 6k to make sure it really went through this resistance.
I will applaud XRP if my stop is hit here. Expect retrace Short if it does not blow my stop. If my stop is blown, I will remake new Trend lines.
On this graph, you will see the marker that will decide trend direction. Choosing a position here is difficult until you find out what lies ahead. Signs point retrace, but the retrace may some sooner than we think. Look to set tight stop/losses wherever direction you take.
Based on the analysis of Ripples history and on some creative thinking and drawing, I would say that Ripple will enter a small consolidation period at somewhere around 4000 satoshi. I believe that price should be a good entry point as judging from the popularity of the coin it will not go down much further than that.
Ripple recently broke out of a triangle formation and breached through the 50 and 38% retracements along with long term support lines V and W. We met resistance at diagonal line 0 and are currently building support at line W I suspect we build some support between lines W, X and the 38% retracement, as we continue to test diagonal line 0 in zone 2