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Xrpusdshort

XRPUSD reversed off resistance, potential for further drop!XRPUSD reversed off our first resistance at 0.3203 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support level. Stochastic has also reversed below resistance as well where we might see a further drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
If you hold a Buy position Do not go into this review-XRPUSDAs you can see by looking at the graph above, the price of the Ripple fails to breach the resistance that is on the moving average line 200 and moreover, each time the price faces the linen, the price fall to the starting price at 0.2866. Because the price is not far from the resistance our recommendation will be selling, As long as the price remains within the range 0.2866 and 0.3405 will be used the technique- Buy near support and sell close to resistance. Sell Ripple (XRP/USD). Entry price: 0.3270 Take profit: 0.2900 Stop loss: 0.3450
BITFINEX:XRPUSDShort
by xosignals
Boom to BustUnfortunately, with the current demand for Ripple related products, such as xrapid, xcurrent etc it's just not enough to support the price at these levels. $13 Billion market cap for a company that does daily remittances of max $1 Million for Euro-exim, sendfriend, moneygram etc is simply abysmal numbers and cannot possibly support the price at $0.30 for much longer. If you were to give XRP a fair value for the actual daily remittances it handles you'd be hard pressed to say it's even worth $0.10 at this stage. Absolutely pathetic hype coin that is circle-jerked by fanboys in a giant twitter echo-chamber. These people are insane, and they illustrate why group-think is such a toxic and dangerous force. The most worrying aspect about this community is the fact that the emotional and psychological trauma induced by financial ruin only seems to make their dogma and fanaticism even more extreme. The fact that the CTO dumped $2 million of his XRP holdings days before a massive dump in the market is all you need to know as to why Ripple and XRP are complete failures. If the CTO of Amazon dumped $2M of AMZ shares investors would be furious. Ripples inability to scale is due to the fact that their infrastructure is juvenile at best and relies on dozens of dodgy exchanges with terrible security and no insurance. People honestly think that central and commercial banks are going to suddenly pump trillions of dollars into half-baked cash exchanges with no transparency whatsoever? You think this coin is going to go from $0.30 to $589 due to some vague quasi-anonymous report by some half-wit known as Shane Ellis? Do yourselves a favour and look at a total crypto-market cap chart, and tell me how that thing is suddenly going to go vertical +38000% from here? It's not going to happen. People honestly think that XRP is decoupling from BTC. The way I see it is that so many people have been scammed into thinking that it's going to be the worlds global bridge currency that they've been supporting the price at much higher levels than the rest of the alt-coins. XRP never got a chance to fully tank and bottom out, like all the other cryptos did, because so many people have had such unrealistic and wild expectations for an imminent price increase. Now that those expectations are being continually eroded, XRP will finally get the major sell-off that it needs in order for investors to rebalance their understanding and expectations of Ripple and XRP. Ripple can return to being a sub-par slow inefficient company constrained by government regulation and monopolies, and investors can finally move on with their lives.
BITFINEX:XRPUSDShort
by zmassey
1
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
1
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
XRPUSD approaching support, potential bounce! XRPUSD is approaching our first support at 0.3245 (horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDLong
by easyMarkets
Black Swan crash of XRPBTC Longs = 400% increase in XRPUSDSorry for the clickbait title but I wanted to draw people's attention to an interesting price formation/correlation happening with XRPBTC Longs. Although previously, Longs have not resulted in a significant rise in the price of XRP, the behaviour of the price of XRP today to these bitfinex longs is very different when compared to historical price movements. Namely, just the other day when there was a 4% correction in XRPBTC Longs there was a also a 17% rise in the price of XRP, simultaneously. This suggests that to me that, in the short term, there seems to be a inverse correlation between the XRP Price and XRPBTC Longs. So just to speculate a little I do believe a black swan crash in XRPBTC Longs will result in a significant rise in the price of XRP. Based on a linear calculation I made I do suspect there will be a 400% increase in the price of XRP at some stage in the immediate future. Note: this is based on a LINEAR calculation, if we factor in exponential price movements based on historical averages we could range anywhere up to 38,000% but I don't want to get to excited just yet. Let me know what you think!
BITFINEX:XRPBTCLONGSShort
by zmassey
5
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
1
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 0.3479 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRPUSD approaching resistance, potential drop! XRPUSD is approaching our first resistance at 0.3985 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 0.3479 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:XRPUSDShort
by easyMarkets
XRP - 5% gtdBuy Price: Green Zone TP: Blue Zone Support: Orange Line Resistance: Purple Line SL: Red Zone (I don't recommend to sell in loss.) Invest Suggestion: 30 Percent Profit Expectations: 5-30% This is a safe trade, and a easy one. XRP looking very promising! The triangle pattern will happen again soon! See me previous analysis and how profitable the are!!! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
Long
by CGCryptoTrader