It's time to look again at good old XRP, the historically most brutal coin to hold, and it again does confirm its reputation.
The price action of XRP has been really subpar compared to some other coins, that have already seen strong rises, in accordance to the rise of BTC to new all-time highs.
This is of course largely due to the SEC vs Ripple case, and the...
We are active with a lev. trade for Ripple (XRPBTC) as we have a strong bounce taking place.
Bullish confirmation comes in after prices close strongly above EMA50 (0.00002206).
Looking at XRPBTC long-term, we have over 900% of potential profits from the current price to the January 2018 price peak.
Keep something in mind though, when this thing takes off it...
Ripple (XRPBTC) had a bullish break recently when it managed to stay above MA200 (black line) and cut through EMA50 in late July and early August, but all this momentum has been lost now that prices are trading back below these levels.
The bearish signals are many and the bearish bias is strong.
We have everything trending lower.
The trading volume is low though...
my active thoughts for XRPUSD and XRPBTC
I believe XRPUSD will experience extreme growth
Hence the very bullish bars pattern placed (its just a guess)
Being so close to the horizontal line on XRPBTC is great because it suggest price will be rejected bullishly as this in history has been a point of rejection
Hodl strong XRP army, your time is coming too
The time cycles in the XRPBTC chart clearly shows that a big move is coming...
Ripple new partnership to join Defi, could be boosting factor to reach the targets.
As in previous cycles and chart data, i expect Ripple to cross its previous ATH again. But note that this move could take until December 2021
Target are marked in chart
Risk : Medium
Do not forget about...
XRP has a similar chart structure to DOGEBTC
The major similarity is that the price is range bound, meaning, price has been stuck in a limited area (squeezed) area for the majority of its existence
This 'bound' nature, builds tension as each day passes, influencing the probability of a breakout out of this range
Some things however are not similar,
As on DOGEBTC...
Seems XRP is building up several factor's for breaking out upwards.
Currently in a bullflag and in the general picture XRP is really bullish.
Broadening wedge in a falling wedge.
If we would see xrp repeat it's cycle of 2017 we could expect the targets being reached, keeping in mind a BTC value of 85k -100k.
A positive outcome of the lawsuit could see this...
XRPBTC has further declined however looking at the higher time frames the lower trend line seems to confluence nicely with a .786 retracement. This should conclude the downwards move with a violent reversal to the upside.
One of our followers asked for a long-term chart for Ripple vs Bitcoin (XRPBTC)... Here it is.
To me it looks very simple and straight forward.
The market moves in cycles, we have bearish and bullish cycles.
Below EMA50 we have bearish cycles.
Above EMA50 we have bullish.
After the 01 January 2018 price peak, we had the longest bearish cycle in Ripple's...
I just want to share you my thoughts about XRP/BTC ratio. If you want to consider a lot importance XRP vs. Bitcoin. You wil need to know this information that a small group of crypto-enthusiastic know this secret. between XRP and Bitcoin.
So, I have 2 targets: 0.000051 BTC and 0.00009 BTC where I believe that XRP will reach it. Depending how much XRP do you...
It's just a possibility guys! But I see a likelihood between these two movements. If it's the case, we should expect XRP to go lower than this (maybe close to bottom of the wedge), and then a huge upward move! (NFA)
As you can see in the XRP price chart,
An analysis of the past is very similar to an analysis of the present,
This similarity is also seen in the RSI,
Does this idea become a reality?
#XRPBTC finished wave A with +135% gains and looks like it very close to finish Wave B -45% until now check our Ta for it since a month ago
Now time for an update with a new buy signal
You can buy it in parts between 0.00001750/0.00000750 with targets at
Invest/ position size 1.5%
0.00000500 Close below it monthly