Ripple XRP EUR status update before swellbyripplehere is whats happening... lets see if she can break through those triangles and rise.
XRPEUR trade ideas
looks like the new bottom, time to enter (?)KRAKEN:XRPEUR
broke the MA200 and uptrend (arrows)
current correction represents -32%
reached important support zone (orange line)
found important Fibonacci support (transition yellow/red)
MACD started to show positive reaction (though still very light)
XRPEUR Prediction - Release the Bull SWELLXRPEUR is starting to form a nice triangle with a strong support at 0.198 EUR . We should expect one or two more cycles and then if the support will hold we will see a strong bullish movement. We can expect resistance at 0.236 and 0.256 EUR.
STEEMIT FOR THE MOON !
XRP/EUR Symmetrical triangle morhped into a descending triangleThe symmetrical triangle from the previous analysis morphed into a descending triangle. This descending triangle is indicating a bearish signal. But we can see that the upwards volume is increasing at the lower boundary of the triangle. Which is indicating that we will probably see a price increase in the next few hours. After the 'small' increase we will need to see if the buying pressure is strong enough to break the resistance of the descending triangle.
If the bulls are strong enough to break the resistance layer.. than we're probably entering a horizontal channel.
If the bulls are not strong enough then we might be on a way down..
XRPEUR Analysis of BasesWhen we look on the hour grap for the last 14 days we can see two clear bases. One at 0,201 EUR and second one at 0,168.
If the base at 0,2 will keep holding we might test the the resistance at 0,224 and at 0,234. If not the next big can be found at 0,168
Ripple has been very unpredictable in the last several days. At first it jumped to 0,23 EUR Afterwards it fell Rapidly twice and now it is consolidating before another sudden change.
Since the Torono Convention is coming up in 3 days i beleive we will see extreme sudden changes in the coming days. (Source Convention: ripple.com )
For newest announcement from Ripple you can have a look at twitter.com
XRP/EUR Symmetrical triangle possible breakoutOn the 4H XRP/EUR chart we start to see a symmetrical triangle. Which is a continuation pattern of the previous uptrend.
XRPEUR (8h): Fib 1.62 (0.22 > 0.33 EUR 50%) short term possibleRipple / EUR: Short term Fibo 1.62 possible (0.33 EUR)
At the moment there might be a nice possibility to trade with Ripple short-term. Ripple behaves quite well after Fibo. Therefore, a rise to 1.62 could well be an option . Regardless of this, Ripple Long-Term is an interesting option to go long.
Possible targets: > 0.25 EUR > 0.33 EUR > long term 0.5 EUR and more
Let's see what happens. Happy trading. :-)
See also:
XRPUSD - Chart Sept 16
XRP - Potential paths to Swell conference.Its crazy i know, but there are tangents and paths to great heights which coincide with Ripples Swell conference.
For more info on the swell conference click here ripple.com
Ripple on the rise?Ripple has a long way to go since its fall. I believe that once this arc is cleared it will rise to a new ath. Not only based on this chart but with the upcoming Swell Conference taken into account.
XRPEUR: repeated pattern/trend?Similar pattern as
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are heading
How this progress/news will reflect on the actual future XRP value i'm not sure. (if at all)
Although the news is mostly positive, Ripple is recently sued by R3 so lets hope this turns out well and we get some good action from that.
Next level analysis!I suppose my maths lessons would help you to see Picasso analysis there. I suppose that today or tomorrow graph will go up.
XRP big movement coming soonMy view of XRPEUR.
Expecting a fast move somewhere between the 13th and the 16th of this month.
With enough volume we'll see a nice upward movement followed by another continuation pattern.
Oscillator prediction - Divergence calls the game part 3 XRPSuperstar oscillator - RSI called the top on this. Bearish divergence confirmed with EMA crossover.
XRP/EUR trending in a ''low risk'' buy zoneXRP/EUR is trending near a major support line in a ''low risk'' buy zone. With weakness on the btc/eur chart the xrp/eur has a nice entry point to reduce risk with a close exit point below the major support line.
