TiborVrbovsky
Long

XRP in Bullish Ascending Triangle Formation!

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hey! I am back with another idea, this time looking at XRP.

Clearly, XRP is on a good looking uptrend. Each uptrend touch is showing a really good demand increase which makes this uptrend more reliable and show his strenght.

XRP is slowly but surely increasing in its price coorelated with Bitcoin moves, but alts are most likely to see a sharper % increase althought Bitcoin is more “stable” than altcoins when denials are seen

Such as the strong denial of 0,475 level right to to 0,40cents which is almost 16% decrease in few hours, Bitcoin in this timeframe dropped “only” about 11%, but consider that XRP is one of more stable alts.

But lets not beat around the bush and take a look at some information which are visible from the chart.

There are higher lows which means that people are willing to buy XRP at higher prices.
Althought XRP hasn’t managed to beat highest high of 0,47869 this time, but I don’t think its a bad sign as it has stopped around the same level and found support much higher and begun uptrend from there.
There are some good looking ressistance into support zones which are sign of healthy market and are good for the overall increase, because we don’t want only parabolic increases as that would disrupt the stability way more.
EMAS I use are 9,26, which are MACD EMAS. And I also like to use 50 day EMA to these two EMAS.
So the MACD EMAS are now kind of undecided but more pointing upwards, 50 EMA confirms uptrend.

RSI is also showing a clear uptrend, the demand is really strong.

Okay, so the next possible steps for XRP.
Now XRP is testing ressistance zone from where it can get denied but has to find support at uptrend, if not and closes below and then tries to break back into uptrend and fail, a downtrend may begin.
But if XRP will succesfuly get to this ressistance zone and break it, it may find ressistance uptrend on the black line and then test Red horizontal resssitance line which I unfortunately say right now what will happen there.

Two things can happen on this ressistance level.
Deny - major drop
Break - parabolic move.

That would be all from me!
If you think that I have forgot to mention something important, ask me down below!
Also I will post regular updates in any timeframe.

Thanks and good luck trading!
Comment: Weekly RSI comparison
Comment: A very bold push into ressistance zone with a good outlook on hourly chart.
Comment: XRP daily demand peeking into 60 demand bullish zone.
Comment: Hourly chart, currently still on uptrend, still trying to break ressistance with strong bounces of trend.
Comment: 15 min chart, ressistance was broken and support was succesfuly found. Looks how closely is the rsi trend tied with the ressistance and trend.
Comment: found support at uptrend. Even though the ressistance was broken and tested, longer period time candles closed whole above so has broken down.
Comment: Sorry for no updates in some while, but it was night time in my country. Looking at following hourly chart.
RSI has performed a double top but still is on uptrend.
It would be ideal if this hourly candle can close above 45 cents to show that it has find support and ressistance area of 45-45,1 cents. Even though there was a steep test to 46,5 XRP is still uptrending.
Comment: In weekly chart you can easily see how strong the level of 45 cents is. Funny story, I had a dream that XRP did crazy move up to 1,8$ in matter of seconds, so I tried to log onto Binance and sell a small size but immediately it has fallend down back to 45 cents haha, maybe it was trying to tell me that its not worth to sell, even at such price.
Comment: upper uptrend is getting tested, XRP still has some to room to fall and still be in an uptrend. RSI shows uptrend too still. Bitcoin has seen a dip, xrp has to obey and follow if Xrp doesnt see any major xrpbtc move.
Comment: The only thing I dislike on this 15 min chart, is the RSI below 40 but a very good looking bounce of upper uptrend.
Comment: Thanks for all of the support and helping me achieve 1,000 followers! I will be sure to do another chart of this "continuos updated" series! Also I will post some few more updates here ona XRP, stay tuned.
Comment: Here is cherry on the cake, a 5 min chart with a lot of useful info.
Comment: 12H volume is almost 50% above average and looks it may increase as well. XRP is making progress and getting closer to the ressistance for a strong test. Also notice the rsi uptrend formation, started with a double bottom follown by an uptrend, tricky to find but useful!
Comment: On hourly chart has found double top as it failed to break 45 cents twice in a row, heading towards uptrend levels.
Comment: XRP has today outperformed Bitcoin and shown a very good demand on uptrend. I really do appreciate all support that I got today and yesterday and you can be sure, that I will post many more of these Technical analysis!
Comment: I am currently working on a Bitcoin Technical analysis and I would like to keep it in this Update style, but its late night currently in my country so I will publish it tomorrow with continuous updates, stay tuned and good night!
Comment: One more update, daily chart where I spotted the last hope for uptrend as once again XRP has seen a strong denial from a really strong ressistance of 45 cents. Now the situation really depends on Bitcoin, which was the one behind this fall. But you would be surprised by my opinion maybe but Bitcoin has found some support on uptrend and is holding onto it, stay tuned for todays Bitcoin analysis!
Comment: Do you guys know what sucks? When you write a whole Technical analysis, and you revise it and then as you are about to publish you accidentally press ctrl+w. Damn it, well looks like I gotta do it one more time.
Comment: Comparison between weekly RSI of Bitcoin and XRP. May be just few steps before an breakout.. thats why I am watching so closely. But not now, first the 45 cents is the key level.
Tks for sharing, and this is my chart
Reply
thx for constantly updating your chart, even it if runs against it. not much posters do that - so - much appreciated :)
+4 Reply
downb4up coinwide
+1
+1 Reply
@coinwide, Thanks for the support! Its good to have some kind of feedback. I stand behind my work even if it doesn't end up well, as Bitcoin has kind of turned down on me, haha.
+1 Reply
Ah, well, it was fun while it lasted. Cup and Handle failed heroically.
Reply
TiborVrbovsky NoobOfTheMonth
@NoobOfTheMonth, It surely was, but nothing is lost, not just yet.
+1 Reply
Tks for sharing,
This is my opinion
Reply
Bitcoin is expected to be inside this range for the next week:

Reply
nice work!
+2 Reply
@gjmullen, Thanks, I appreciate that you like my content.
Reply
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