TOTAL BREAK DOWN...XRP has broken down after the stagnation for a long time in the face of major crypto sell-off that saw almost all the coins falling off the cliff. XRP/USD is down nearly 8 percent on the day at $0.346, after hitting as low as $0.3315.
XRP has been a relative outperformer in this recent sell-off and bulls have been able to hold on to in the face of this massive crash. To take an example of Bitcoin, which has fallen 42 percent from this month, compared to 24 percent in XRP.
XRP was trading at $0.40986 by 21:06 (02:06 GMT) on the Investing.com Index on Friday, down 11.15% on the day. It was the largest one-day percentage loss since October 11.
The move down pushed XRP's market cap down to $16.71906B, or 12.09% of the total cryptocurrency market cap. Highest point for XRP's market cap was $79.53400B.
During this week, XRP has seen a drop in value, as it lost 12.72%.
At its current price, XRP is still down 87.54% from its all-time high of $3.29 on January 4.
To sum up, During previous 24 hours. XRP had traded in a range of $0.40986 to $0.43275 , which is leading to the sad conclusion, that it will continue to fall or stay in this range during next 24 hours.
Xrpanalysis
XRP Short Term Cup & Handle: LongI don't call patterns such as the cup & handle on such small time-frames!
- But look how beautiful this chart looks (M15)
- Definitely worth noting!
- Lets see if their is another strong upward motion before we go back down...
Why do i see people saying ripple is going to $10.00...
I have TIGHT STOPS labels:
- This is a M15 chart and a SCALP play!
- Lots of selling atm too
STOP 1: Super Tight
- Stop @ ~ 0.000081245
STOP 2: Wider (Higher Risk) - Wait to get in to this position...
- Stop @ ~ 0.000080515
This is a short term SCALP!
- Watch the areas of support / resistance and see how the market reacts!
PRICE TARGET: 0.000084466+
Be careful and watch volatility and price movement!
- Don't FOMO in...
- Lastly be like water! If support breaks we go back down just as fast as we went up...
XRPUSD - The rise from the grave for Ripple?XRP has bounced nicely off both of the demand zones below and positive news out this week has spurred more upside. After today's drop in BTC, Ripple is right back to where we started the day....at resistance.
Both the RSI and MACD are looking a little high so would like to see those cool off a little before feeling confident on entering a long position. As such, a safer play would be to break past the supply zone above and enter a long position on a retest and hold of this area. An S/R flip could provide the support needed to propel XRP back up to the previous support level we broke down from early August. We could still see a move back down to the 61.8%FIB level, which has provided support multiple times in the past and has proven to be strong as even a large drop in BTC earlier today didn't break it.
Still, caution should be taken entering any position until some direction or trend can be established in BTC.
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Ripple corrected 92.43% from its all time high (ATH)Ripple(XRP) corrected 92.43% from its all time high 3.300$ at Bitfinex and still not showing momentum, I don't hate ripple but XRP is a shitcoin for now, not worth investing in ripple till it start showing momentum,
in future if price bounce back a little 26 EMA will work as resistance on the daily chart.
if it successfully make a continuous 3 green candle above 26 EMA on the daily chart then I will analyse the XRP chart again and if found momentum then I will start buying ripple.
However the chance is high that ripple could jump back either from here or from bear target according to pol flag 0.19666$.
I will show You the pol target later.
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Target achieved - Bullish break out confirmedTP = 0.70894 hit as the bullish break out from the 4H Channel Down was confirmed (RSI = 60.049, MACD = 0.013, B/BP = 0.0187). The price made a first rejection on the obvious 0.70894 Resistance, with two more attempts remaining. A third failed will result in a bearish break out first towards 0.53866 and then 0.46014. However the most likely scenario is to break higher and consolidate within a new Rectangle at 0.7500 - 0.8600.
XRPUSD It's a confusing time in the markets at the moment. So stepping back and zooming out removes the noise and often gives me a better view.
XRP is looking like a great buy to me. With the potential to x1 in the short term and x6 plus in the long term. The product is strong, but do
your own analysis of Ripple. An inverted head and shoulders gives us a potential target. Be prepared for further lows in the short term.
The market does what the market makers want it to do :)
I'm bullish on Ripple, long term.
$XRP FULL DAILY VOLUME SPREAD ANALYSISWith more clarity and safety on the regulatory front, the resumption of crypto euphoria is set to resume.
With that in mind my VSA analysis on the daily shows clearly a bear exhaustion. Well supported demand from any meaningful dips.
The bearish climax candle shook out all the longs. Right after that strong dips bounced back in the form of a daily bearish pinbar.
If that dip had strong selling behind it then the bounce back up would have been followed by more selling, but it didn't. This is a classical demand swamping supply side.
The final clue I'm always looking for before a safe rally(safe in terms of no more sellers willing to sell) is a market test.
In his case testing supply. If the dip attracts more selling then there is more time needed to shake them out and cover. However a successful test consists of a pinbar shaped candle
dipping down and back up on low volume. This indicates that sellers are at bay and it's safe to assume they won't halt a clean rally.
SpeculatorsTrading.com
XRP/USD Forecast - 03/03/18 Dear Viewers,
Here is my Technical Analysis of the XRP Coin.
Let´s get into it straight away,
As you can see we had a Head & Shoulders pattern that started to shape it self mid January because of a bullish movement, which caused a bearish breakout once the neckline got crossed downwards.
Now that XRP got corrected (which is very healthy for the coin it self), we can start to see a start of a very big triangle pattern marked with yellow dots. Keep in mind that what happens inside this triangle, will have an impact on XRP´s future.
Option 1: XRP crosses the yellow dotted triangle upwards, we will know that a bullish mood has now taken over. This is my guess, why ? Because XRP has been coming up with great news and partnerships since 2 months, and had yet to release the most important news that WILL decide XPR´s future: A partnership with GooglePay . If this occurs, XRP will gain a huge amount of bullish momentum that I will be hard to stop it. I might create a new Head & Shoulders Pattern but where are not there yet.
Option 2: The rumors of XRP and GooglePay are fake, in that case we might see a drop back to the VISL (Very Important Support Level). Which has been doing a great job so far, but how long can that last. I think that if we get to hear that the rumors of XRP getting in partnership with GooglePay is fake,that that support level might not hold anymore. If that happens, XRP will free fall.
I do think the rumors are true, GooglePay needs a system like XRP in order to grow more, the low transaction fees, the easy and quick implementation are key, so in my opinion the news is true, and we will see a breakout upwards, the only question is, when.
This was my Technical Analysis for XRP,
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