ElliottWaveBelgium

XRPUSD - Are we going to see the bulls take control ?!

BITFINEX:XRPUSD   XRP / U.S. Dollar
Well, it seems XRP might just have finished the last wave 5 of C of Y.
In that case, expect euphoria to take over again.

Even tho I would like price to fall to one of the green marked level (Fib 100% 5v4, 61.8% YvW, 161.8% CvA )

BTCUSD is still the leading force behind all other cryptos, and has still a bit of room to the downside.
Ideally, I would like BTC to fall below the 5000 zone.
If it does, it's taking the other cryptos with it, XRP included.

Therefore, I stopped 3/4 of my sell orders and am on hold for the moment.
For my bullish view to be confirmend I would like price to make some higher highs and higher lows and see the sentiment of retail traders turn totally bearish .
Comment: I love the volatility of cryptos !!!

1.20 doesn't seem so bad right now.
BUT, divergence building, therefore I expect price might fall again, hopefully below 0.20 !


Comment: Price fell as expected but did not break the support zone and started carving it's way higher in a, I believe, 3waves move.

Comment:
I was hoping price would fall to .19 so that I can pick up a blockton of XRP...XRP broke so many fundamental resistance trendlines, and now it's just plowing through resistance zones...everytime there's a bullish news article, it's the day before, and then we wake up to bullish momentum. The recent run to .~.38 was easily predicated by the pennant forming on the hourly matched with the PNC Bank news....
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@Eurocrem, So did I, but it's still possible price goes lower and that catalysator, I think, only be BTC going lower itself.
Just be prepared if bulls take over from here, so you don't miss this opportunity.
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Eurocrem ElliottWaveBelgium
@ElliottWaveBelgium, what a nice surprise huh? My zone was tagged at .492 and I got out my position. BTC is still bearish for me and .50 is a good area for a solid pullback from XRP. I think we both have the right idea..nonetheless, I made profit, so I am happy. Now I am on standby..what about you?
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@Eurocrem, I actually bought a few coins at 0.261 ans sold half at 0.580 when indecision started to build. So, small profit covering the half I'm holding in case price goes below 0.15.
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@Eurocrem, Same here. I was really wishing for .20 cents and now I feel totally screwed over. I wish it falls back to 0.25-0.20!! Do you think it will happen? This rally is just ridiculous if we are to believe it is based on news and speculation. From the past xrp has dumped just as brutally as it has increased. I'm curious to see what happens. I hope it drops back to where it started from. Could be whales messing with people.
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Eurocrem manjotsbajwa
@manjotsbajwa, I would love to see it go to .20...I can only see that happen if BTC comes down hard, because Xrapid will be getting released soon...although they didn't say exactly, they did mention the release in Q4 of 2018, and now Sagar Sarbhai mentioning the "release of a cryptocurrency product in the next month or so"....that's a really bold move. This man deals with the Government and Regulatory relations of APAC and the Middle East for Ripple...there is "speculation" (of course, it all is), that the volume and recent price surge was not only from the FOMO, but the actual testing of Xrapid because there were well over 10Million XRP being transferred through wallets.

The potential for XRP is very, very real and on its way. This really is a hold coin...I was going to trade it, but I moved everything to my ledger and am just keeping it in cold storage for the next 6 months-2 years. Would have been nice to sell it at .79, but of course, it is not always easy to pinpoint! But we're talking pennies....this coin is worth the tens of dollars, and if all goes according to plan, hundreds...don't take my word for it. Definitely do your due diligence. .20 is a great price, but so is anything under a dollar, really. I mean...look what happened from speculation. Imagine Xrapid going live and the federal institutions using it. Check out Ripple's site, look at the products and their plan. They have a successful platform for banks to use, and it truly shows the coming of crypto real-use cases...I suppose, what I am saying is don't worry about .20, .30, .40...prices are cheap now, regardless. If we can get there, then let's buy! However, we have no idea when all of a sudden, boom...it runs again...
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Eurocrem Eurocrem
@Eurocrem, 10M XRP per TRANSACTION.
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Really appreciate this man. Was thinking bulls came back but apparently there is more room to fall back below 0.30
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@Adamnry, Thank you. I think it might still fall a bit but I'm also preparing for the bullish side.
I closed part of my shorts at 0.25 in mid august then closed some more last week and went long at the same time. If price does not go above 0.52 I'll stop my long.
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Docop1 ElliottWaveBelgium
@ElliottWaveBelgium, Why ? If it pass 50c it will just push higher the past suport... no ?
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