I have a secret... deep and unrelenting... XRP is the future! xD
Picked up some xrp on this fib, now a little breakout but looks like it might reject at 20ma (blue). If not 200ma may be in play (red)...
Weekly: Potentially bullish. Might have found support at 0.00003236.
Looks like price has found a long term low and it is holding.
Daily: bullish, honoring support level, declining volume
H3: bullish honoring support, declining volume
Summary - Possible bottom. Could take position here with tight stop with good upside potential.
Hi Traders! Welcome to this update analysis! Let’s get right to it! Looking at the Daily chart .
Now, before we get bullish or bearish , we have to assess the data on the chart.
If the most recent arrow is red, you should be short. If the most recent arrow is blue, you should be long.
Keep your Stop Loss at 5% of the price.
Looking back at the action...
About 17 percents lower than the current POLONIEX:XRPBTC price, there is a major long-term trendline with a magnificent up-rise each time it is met. whether the COINBASE:BTCUSD rises and we have a sideway market in COINBASE:XRPUSD market, or any other scenario, we can anticipate the price meeting the old trend line.
If similar reactions to the trend line happen...
Similar to XLMBTC (see chart below). RSI continued weekly lows, very oversold. Stoch. rsi shows prolonged flatlining (becoming a record for Ripple). Price can go lower but a rebound is imminent in the coming week(s).
Still looking heavy. Reversal candle such as doji, pin bar or hammer on the weekly timeframe, together with RSI/stoch. values,...
The Bad News:
Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost...
How strong is this downtrend? Considering we keep making new low by the hour, it'd be tempted to sell. However, price has made a dramatic rise when price dropped below 0.00007500. It's now broken through another support at 0.00006700. It'll be interesting to see what price action does from now down to 0.000060.
Buyers have already started showing up around...
* first test of publishing an idea in Tradingview *
XRP chart patterns on a weekly basis. Simple chart with trend channels and support line.
XRP is approaching a critical moment.
I am going long and adding more XRP to my portfolio, anticipating a rebound to stay in the green ascending channels (see RSI & StochRSI); and eventually breaking the downtrend channel in...
Just noticed a crazy repeating pattern on XRPBTC pair. I am amazed at the fractal, please have a look and notice the similarities. I was quite bullish on XRPBTC pair but after having a look at this fractal I am reconsidering my position.
This is not financial advice. Trade at your own risk.