This chart is self explanatory. Using support and resistance confluence point gives us key level.
Possibly heading towards 0,31 and test 0,34 area which will be a crucial level. breaking through should allow us to see further upside later this summer but this is too far off to predict.
This is no financial advice.
Supports—> S1: 0.000046 & S2: 0.0000415
Resistances—> R1: 0.0000545 & R2: 0.0000585
Supports—> S3: 0.000037 & S4: 0.000041
Resistances—> R3: 0.000062 & R4: 0.000065
This XRP/BTC chart shows the negative correlation of BTC with XRP. BTC has been increasing in value since mid...
Looking at BTC/XRP trading pair... bottom right quarter of screen.
XRP is currently gathering bullish momentum, while BTC is gathering bearish momentum.
Zooming out BTC is actually in a huge descending triangle against XRP.
RSI is currently at long term resistance line and appears to be turning down.
Also note, XRP/USD pair is forming a 'golden cross' 50 day/200...
I can see this breaking to the upside
Setting a tight stop loss for this one
We should see a small leg down and an impulse wave up once we reach end of pennant
Volume plays a BIG part here for this to take off to the upside
You can minimize your risk by placing bids above the support line
Have an amazing Friday!
Hey everyone! I am back! Did you miss me? If you would like more analysis, please, comment and like my article.
My approach for the $0.08 / $ 0.10 target is a top down approach and I mainly use Elliot Waves Theory from Prechter et.al – (2018)
1 - I have identified a 5 impulse waves structure responding to the typical Fibonacci retracement and 5 corrective wave...
- This chart is designed to be used as a tool to monitor the Daily market comparisons, ultimately XRP's progress.
- It seems that XRP is attempting to break away from BTC, with obvious gains against the other top market holders.
- XRP has made some excellent recent gains recently, especially with it's BTC pair XRPBTC.
- This chart indicates that XRP is in fact...
I think XRP/Ripple is about to break out for a couple of reasons.
The news have been rather positive lately, (no bad news)
The volume is low
MACD is about to cross
The RSI is a little high, but it is bouncing back
So I think there should be a little bit of profit to be taken in the next few days.
Trading might remain flat before it goes up again.
Is XRP starting a new bull-run? This question is legitimate… XRP took up 20% in a couple of hours! It is quite unexpected as we have not seen such momentum for weeks!
Let make things clear and extinguish all useless euphoria; XRP has won a battle but all enemies are not defeated yet.
Please, have a look at my last post if you need more details:...
Please, have a look at the beginning of my analysis if it is not yet done. Otherwise, it would be difficult to understand this one (link is here: ).
Yesterday, I told you that XRP on the hourly chart will give another try to breach 2.111 but it was unlikely it could succeed. Indeed, XRP...
XRP: The face of the beast
I do not know if you remember but last week I described XRP on the daily chart at the hedge of:
-Long term parabolic resistance
-Middle and long term support based on trendline in orange (long) and purple (middle)
You will find more details here:...
I would like show you a method to identify a tendency according to time periods. My objective is to determine when XRP will start/stop to correct or break out.
On the daily chart, my method consists of
1) using Fibonacci numbers as follow:
a. 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597
b. drawing time periods from...
Doing the right count would help us to determine where we are today and where we are going to!
It is not something approximate and based on gut but should be supported by academics knowledge and reliable sources.
Based on Elliott Wave Count, assets move according to 5-impulse wave sequences such as 12345 (where waves 1,3,5 are bullish and wave 2 and 4 are...
This time, it is BTC against XRP on the weekly chart! I start my analysis in 2013 and I do not use Fibonacci but Pythagoras - If BTCXRP goes down, then XRP goes up!
We can see that every time XRPBTC reaches 0.707, it goes to 2.236 and goes down right after - then, XRP bullrun
How did I found 2.236?
It is the hypotenuse of a diagonal with a right triangle...
please enjoy my trading analysis, I go straight to the point, no bla bla.
-XRP has to break above $0.38 to start a reversal tendency
-If it fails, we could go back to $0.20 - $0.28 zone
-In my opinion, between $0.28 and $0.38 is a no buying zone - we should have a confirmation (with volume) above or below
Ripple positioning itself as a blockchain transaction company will only devalue its "currency" - it is also ironic to call it currency!
Centralised XRP is facing danger to be obsolete when VISA, MASTERCARD and others start their own transaction blockchain.
I am short on XRPBTC looking to take some profits along the way
Keep it REAL!