Hello traders, hope you're having a good day.
Here we have a XRP/USD 1H chart.
I found a repeating pattern here.
At the end of 2017 Ripple doubled its value (from ~ $1.25 to ~ $2.5) and then lost about 36% of it, back to ~ $1.6. It recovered some of it and started a sideward trend and shortly afterwards skyrocketed to ~ $3.2.
Ripple now fell back to the $2.5...
Ripple made ahealthy retracement all in the expectations. nothing to panic about. this is good for growth.
Ripple may be forming a bullish divergence MACD. Once the cross of MACD confirms, the market will notice this and upward momentum can be expected. Whether this will be a sudden strong upward move is to be determined.
If you look at the pattern Ripple made...
I noticed that the time between runs is decreasing by about a day each run... any thoughts? Also, what could this mean if it becomes less than one day between runs?
Judging from the moves, we can see Ripple (XRP) is obeying Elliot's Wave Laws.
12345 Impulse (Giving us huge gains) followed by an ABC Corrective Wave. Or is it?
There is evidence to suggest that Ripple has held its support at around $2.4 (XRPUSD) but there is always the possibility of it pulling back even more (3-3-5 pattern).
Brad Garlinghouse has tweeted that...
Just hold on till get a clear indication if it's start of new higher wave count which will take this to $5 after completing the ABC correction or it is unfolding the bigger ABC correction which will bring it near $1.50 area. Per my count it has completed the Wave C held the fib cluster now either it is completing the new Wave 1/heading to complete correction B.
06-01-2018 Technical Analysis (Support levels & price targets)
XRP/USD
PAST WEEK
Ripple has had an amazing past week, having a bullish run from $1.879 & peaking at $3.30! (75% increase in a mere 5 days). However having retraced about 30% from the peak of $3.30. It is still seemingly managing to hold steady at $2.50 (just below the 0.5 fib retracement level)...
Just as we saw on the last run, XRP is showing a flag pattern. It's consolidating and preparing to break out. I think it will drop further to its support line and then break out. Looking at prices > $3.20. Any thoughts?
Risk: Low/ Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
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TECHNICAL ANALYSIS:
The price of Ripple quoted to the Dollar set a new local high at 3.317, just below 100% Fibo at 3.414, followed by a downward 50% retracement of the previous upward impulse. Level 2.47 will therefore now act as support for bulls.
From the perspective of the Elliott Wave Theory, the current growth cycle may not have finished yet, as the...
Due to statement of coinbase that there will be no new Currency added, the fall could be hard as of most of speculators were hoping to have ripple in coninbase.
At prices below 10 000 the panic sells will start lik i was in June 2017
XRPUSD we see that the coin dropped up to a key level of 2.50 a good buy with a tight SL hoping for the price of Ripple goes to 4.50. If you trade it please make sure you have enought investment to hold the massive movement of pips. You could also just but the Ripple and store it.
XRPUSD vemos que la moneda bajo a un nivel clave de 2.50, una buena compra con un Sl...
