I think as bitcoin fades this week Ripple will suffer another blow. Our indicator indicates another drop in XRP - we saw a 20% drop in ripple against bitcon in the last month - while the 5% already accumulated may seem small - don't let looks deceive you.
Best regards,
Grey FX Empire
XRP / BTC TA
Here we're looking at several different indicators and fractals. Right from the start we can see that there are 3 distinct patterns that repeat. Let's go over them...
1. RSI - RSI is currently at 25 levels which has NEVER EVER been seen before on a weekly chart. Lowest we've seen was around 27 levels. With that said we still see similar RSI...
XRP has been performing horribly last few month. We've seen pumps which all have been sold into - not expecting anything MAJOR to happen this week. Perhaps next week we might see a sun rising but no clear signs as of today.
XRP on BTC pair is looking horrid as always. Seems like utility and flood of positive news has little to no impact on price. We are currently following similar pattern from April 22 which means that if 5600 support breaks, we will be one step closer to picking this one up around 5200 sats or lower with main liquidity grab located around 4000 sats.
XRP looks good for entry on firm breakout from downward channel - even an entry when it will be close to the channel wall looks as solid entry
If you're not playing with leverage, manage risk depending on your situation
The development at Ripple has been quite boring lately.
Many have hoped that the trend reversal is coming soon. However, technical analysis still advises caution.
There are still not enough positive indicators. Ripple broke the long term support down. And also the long-term Fibo 0.236.
The next support could be the short-term Fibo (0.236) at 0.00005814. Even...
XRP / BTC TA
It's very clear what's happening in the market a this time. It's either this support in form of trend line will hold and we see strong bounce within next 7 - 12 days or we inevitably crash towards our next demand zone of 4000 sats.
Hello to all traders, investors and other crypto enthusiasts.
Today I am publishing an analysis of the ripple/dollar. From the Polonex exchange because here we can see a long history of the movement of the coin.
If we talk about the chart, we can see a repeating yellow triangle that will be broken by a huge green candlestick up.
First fibonacci level at the...
Bullish Reasons
Chart self explanatory
Entry based on Boll/RSI/MACD or personal entry strategy to maximise gains.
Recommended SL - Below 0% Fib level or based on personal Risk Management...
All the bad stuff that couldve happened 2 xrpee, has maxed out imo.
Were seeing constant butchering of sat value.
The only way xrpiss is maintaining its value is thanks to the rise of bitcoin, thats elevating the $ value of this asset(liability),
So My call is - Long now, its now or never for Schwarz.
My Average entry is higher than the market price.
Gluk 2...
XRP / BTC TA
Chart is self explanatory but to quickly summarize, this is a very low risk, high risk reward trade. Virtually anyone can afford to take such risk of just under 2.99% - Rewards is 65% +
I add more XRP few days ago, because I see this. Yesterday was great time to buy XRP. Of course If price really go up :) For me is interesting not only TA, but too FA. XRP has so many news, really news (no new website, new roadmap etc. - this is not really good news, it is only lollipop for sheep).
Hi, everybody! We are waiting local growth of crypto market very soon. XRP is on the local bottom, so it time to fill your pockets .
I wait for more down moves to 0.00006900 - 0.00007200, and than strong move to 0.00013700-0.00014000. So, we'll see.
Good Luck!
