XRP Where's She Going??

7 gen 2018

I believe XRP will break support and head down before resuming the is bullish uptrend and here's why (keep in mind this is the XRP/BTC pairing). If you look back at price XRP it has a history of returning back from whence it came. Typically after any significant move on XRP we've returned to price levels prior to those moves. However, I don't believe this time we will see a complete return to pre-run up pricing given 1) the droves of folks getting into crypto now, 2) rumor on coinbase listing, and 3) new partnerships ripple has made.

My retracement zone is 11000-10000 satoshis with the 10K being on the bottom-side of that obviously.

On the 15, 30, and 45 min charts, we've seen a cross below the 200EMA and have not been able to sustain a cross back up this EMA. On the 1HR we've hovering just above the 200 which i expect to be broken this evening (1/6) or through the night.

If we get a break of the support zone with a close on the 4HR or above below that level, we'll move down to my expected retracement zone before resuming back up.

However, as with anything this is not an exact science, so we could see some consolidation at current levels before a move up or down. A 4HR or higher chart break and close above the prevoius 4HR resistance on the chart will see a retest of all time highs before heading to target 1.

In general i'm very bullish on XRP and will be buying more in either case. Maybe i'm just hoping for a dip to buy up a little more.

:)

8 gen 2018

Trade attivo

It's been 20 HRs since posting and i'm waiting on confirmation of a break to the upside or a break to the downside. Since last night price moved up to test resistance in the 17000-17400 range, but failed to close above this range.

Price has started to move back down and testing MA support right at the MA cross over on the 4HR. 15,30, and 45 min charts are all show price has moved back above the 200EMA from last night. That to me indicates there is more buying pressure at the moment.

Looking at the order book / depth charts on Bittrex and Binanace; Bittrix appears even between pending buys and sells where as Binance is favoring the buying side at the 16500 mark (large buy wall).

While i still believe either scenarios could play out, i'm favoring scenario 1. A break and close above resistance and continuation of bullish trend. However, it would be nice to get a break lower to get more XRP at a better price.

8 gen 2018

Trade attivo

Price tested previous resistance and has rolled over with a very significant push down into previously support and weekly .382 fib.

A closed below this will see price moved to the 13000 and 12000 levels. Previous support and daily and weekly fibs .618-.786

NOW IS A GREAT BUYING OPPORTUNITY BEFORE HEADING NORTH. I'M CALLING $5.00 XRP BY END OF MONTH.

8 gen 2018

Trade attivo

that was a very quick spike down over the last hour... we are no back into previous consolidation zone.

if you got in on the spike down you're sitting pretty now. ? is will we push down again or push upward and test resistance. Again a break of above that resistance zone will likely see a strong move to previously All Time Highs

Alt through still a chance for another dip. price is now lower than 200 EMA on lower times... testing that MA as i type.

8 gen 2018

Trade attivo

I though this depth chart from Binance was interesting. Massive selling pressure on XRP. Does that mean will see a lower move before heading north again? Might explain the spike down earlier this morning!!

photos.app.goo.gl/cdQCnbVEvhE4XIoB3

9 gen 2018

Trade attivo

Will we see that move down tonight??? We are back under the 200EMA on the 1HR and below. And seem to be following perfectly down the 4HR trendline as of this update.

If you check the order books and depth charts on various exchanges it would appear there is still heavy selling pressure out weighing the buying pressure. I expect will see a dip down to test .00014000 satoshis tonight. If we get a close below we just might see my target zone for a reversal - .00013000 - .00012000 (maybe lower??)

Again... i do think even at these current prices XRP is a good buy. And do let me know if you think i'm nuts with my thoughts here

9 gen 2018

Trade attivo

We're still seeing downward pressure this morning. Price is testing the slower MA on the 1HR. I believe if this MA can hold on the 1HR and we get a close in the support zone on the 4HR we just might see a break of this zone today and a move lower.

Keep in mind, i believe right now is a good opportunity to buy, but be ready also for a little more downside.

Long at .00014500 (yesterday), .15000 (today), and a limit ready at limit orders at .0001300.

Targets .00021700 and zone of .00028200 - .00029200 / .00031350 - .00032400

9 gen 2018

Trade attivo

9 gen 2018

Trade attivo

4HR trendline holding price. If we get a break and close above slower MAs on 4HR, i expect the upward trend to continue here on out.

If you got in on the spike down this morning you're already sitting nice.

That .0001500-.00014500 area of support is holding quick nicely now. Not sure if we'll see price move below this point, but be ready with a few buy limits just encase.

9 gen 2018

Trade attivo

I've got a feeling XRP is going to move big with one of these trend lines break! Personally, i'm kind of hoping for a move down to buy up some more at cheaper prices.

9 gen 2018

Trade attivo

I've been on pins and needles all day waiting to see where XRP is wanting to go.

Are we now finally seeing a push lower??? If we break and close below the support zone and trend line, i'd believe we'll see a move to what i labeled "support zone 1".

Most likely if we get here, we'll see a bounce up before going any lower.

10 gen 2018

Trade attivo

I was thinking we were going to start north given how long this has been playing out, but i'm not surprised at all to see price pressing down again.

If you are or are not an XRP fan... now is the time to put on a position and be ready to add to further south. At least that's what i'm doing.

As mentioned in earlier update.
Long at
.00014500 (1/7) / .00015000 (yesterday 1/8) / .00013500 (today) / Buy limit sitting at .00012800

Targets Unchanged: .00021700 and zones .00028200 - .00029200 / .00031350 - .00032400

See chart here for details. daily closed below support and trend line; can it get further down????



4HR Chart

10 gen 2018

Trade attivo

Just jumped on real quick to have a look. We've gotten a close below the bold support line (blue) on the 4HR. Question is will it go lower or move back up?

10 gen 2018

Trade attivo

We've now broken and closed on the 4HR below my support line and testing a trend line of spikes down in this area. With that i can see a dip to .00012500 taking place and a close below it could very well see a move further down.

I've added two target zones to add to my current positions in XRP. Fingers crossed!!

10 gen 2018

Nota

So it's a good morning for those who were looking to get XRP at a super discounted price.

We finally saw XRP drop to a low of .00011980, which is completely inline with my overall projections since posting this analysis. I see extremely heavy selling pressure (sell wall) around .00013400, so i still believe we might see a further dip down into my 2nd target zone (200EMA).

Here are the 4, 3, and 2HRs on how price aligns with the 200EMA

4HR


3HR


2HR

10 gen 2018

Trade attivo

PLEASE DISREGARD THE 4HR CHART I JUST POSTED. I LOADED THE WRONG CAPTURE
This is the correct one as of 6:13AM Pacific

10 gen 2018

Nota

It's been a fairly slow day on XRP in terms of movement. Depth charts on exchanges still appear to be heavy on selling pressure.

Price action remains bellow the 200EMA on the 1HR and below charts.

Price has just broken above the 200EMA on the 2HR and has been bouncing here all day, so will need to see a push up or down here to give us insight in where price wants to go.

Overall still bullish on XRP, but can see this stalling out the rest of today and possibly the remainder of the week. I read an article today that made mention we are heading into 9 of the biggest weeks in blockchain history, which could be contributing to the slide in cryptos this week.

2HR


4HR

10 gen 2018

Trade attivo

Just look at this list of upcoming conferences and forums... I don't know how much they impact price action, but i got to image a few of these do impact even though Crypto is extremely speculative (at this time).

Jan 7-8, 2018 - CoinAgenda Summit - Las Vegas, Nevada, USA.
Jan 12, 2018 - The Future of Finance Vietnam 2018 -Hanaoi, Vietnam.
Jan 14-15, 2018 -UNLOCK Blockchain Forum -Dubai, UAE.
Jan 15-16, 2018 - World Crypto Economic Forum - San Francisco, USA.
Jan 15-19, 2018 -Blockchain Cruise Asia - Singapore, Malaysia, Thailand.
Jan 17, 2018 - Thai Blockchain Conference - Phuket island, Thailand.
Jan 18-19, 2018 - 6th North American Bitcoin Conference -
Miami, USA.
Jan 17-19, 2018 - Crypto Finance Conference - St Moritz, Switzerland.
Jan 18, 2018 - LAUNCH! Annapolis Dev Talks - Bowie, Maryland, USA.
Jan 19-20, 2018 - Ethereum Hackathon -San Francisco, USA.
Jan 19-26, 2018 - London Blockchain Week 2018 - London, UK.
Jan 24, 2018 - Reinventing Money: The State of Cryptocurrency - Fort Worth, USA.
Jan 24-26, 2018 - 11th Edition Model Risk - San Francisco, CA, USA.
Jan 24-26, 2018 - Blockchain Protocol Analysis and Security Engineering 2018 -
Stanford, USA.
Jan 25, 2018 - Blockchain & Bitcoin Conference Philippines - Manila, Philippines
Jan 26, 2018 -Blockchain Connect -San Francisco, CA, USA.
Jan 27, 2018 - World Blockchain and Cryptocurrency Summit - Moscow, Russia.
Jan 27-30, 2018 - D10e ~ Cayman Islands Cayman Islands
Jan 30, 2018 - Blockchain for SCF Masterclass - Frankfurt, Germany.
Jan 30, 2018 - ICO 2.0 Virtual Summit - Online
Jan 30-31, 2018 - Neo DevCon - San Francisco, USA.
Jan 30-31, 2018 - Paris Fintech Forum - Paris, France.
Jan 30, 2018 - Blockchain Innovation Showcase - London, UK.
Jan 31-Feb 1, 2018 - Supply Chain Finance Summit - Frankfurt, Germany.

11 gen 2018

Trade attivo

I've taken another look at my charts to fine tune what i'm seeing given the lack of movement in XRP. I'm still very bullish as i stated throughout my updates, but believe we still might see some downward movement in price actions (but always be ready for the moves back up).

I don't think I stated this at the beginning, but i'm more of a long term trader, so i spend most time on the weekly, daily, and 4HR charts in general. Popping down to lower time for quick looks to see whether there is pressure one way or another to support what i'm seeing on higher time frames (if that make sense).

So update here.. I've gone back drew up my chart again trying to keep it as clean as possible, so the first snapshot is kind of busy and the second is cleaned up allow me to watch price action a little more clearly.

In the first snap, you'll notice i drew in a pink pendant (bold) or whatever you want to call it with two dark bold blue lines, which are for estimating for a downward move.

Based on that you can see that if it follow this path we get down just above a weekly fib of .786 (translates to great buy spot)

Added a bold red (roughly .00012500) and blue trend line (.roughly .0009700) both being spots of support. you'll notice the two green blocks around those areas, which to me indicates zones price is likely to bounce / reverse, so keep watch out as price approaches. I also used those areas in general to set limit buys when i'm away from the charts if i feel like price is moving how i think.



CLEAN VERSION

11 gen 2018

Trade attivo

Looks like we're launching off the first reversal zone I posted back on 1/9 about. If you got in on any of the positions i mentioned throughout these updates. You are sitting pretty nice at the moment.

11 gen 2018

Trade attivo

Make sure you keep on top of money management and book profits that fit you trading style. We'll likely see a pull back on this strong move. The question is where we will hold a close above that management .00014500 / .00015000 resistance area.

11 gen 2018

Trade attivo

Interesting morning so far with that spike up to a high of .00016408.

We are seeing a pull back now at the moment and that resistance zone is holding at the moment. We'll need to see price clearly break this zone and close above to see price start back on a bullish path.

I like to see clear confirmation on the 4HR in terms of a break of resistance or support and at present price is retesting on the bottom side of my zone (grey box). Need that clear break and close above and lower frames to support for me to say for now the down slide is over.

Quick summary on charts.

3HR - price In resistance zone above 200EMA
2HR - price in resistance zone above 200EMA (200 broken this morning on spike up)
1HR - Price in zone, broke 200EMA, pulled back below, now retesting it. Acting as resistance in zone.
30MIN- price in zone, broke 200EMA this morning, retesting on 200EMA as support now in zone
15min - price in zone, broke 200EMA this morning; 200EMA below zone here. price should fall down to 200EMA around .00013800 for a test of the 200EMA.

I'm looking for a confluence of events in order to call more downside or a turn to the upside.

Would like to see price above or below 200EMA on 4HR and below (above on all or below on all) and price above or below that resistance zone.

Selling pressure is looking pretty heavy in the .00014600 - .00014650 range.

If i had to make a call... i think we'll see a dip to .00014000 to bounce back into the resistance zone.

12 gen 2018

Trade attivo

Quick update this evening. We pulled back to test my expected dip to the .0001400 area (actual .00013810 was low)

We just had the latest 4HR candle close above the resistance zone I had identified on my charts. I believe we will see a retest of the top of this zone, but will likely resume up on price action to test the previous resistance zone of .00016800-.00017400. Mostly get a little pause around .00015800ish area, but i do expect to see a test of that upper resistance level.

MAs are starting to get back in line with upward movement in my opinion.

We are above the 200EMA on all charts again now. Most significantly we've gotten a really nice clean break of the 200 were as earlier today it danced all over it.

Updated chart - see notes for more details.


So i just realized that if i pull up a XRP/USD chart it will allow you to paper trade within Tradingview (kind of cool). I trade XRP/BTC, so i don't normally look at the XRP/USD pairing. Anyway, i decided this morning to place 3 buy orders, which one was filled. I'll leave the others for a day or so in case price action decides it wants to test lower again.

Let me know if you'd like me to post more XRP/USD charts that highlight my paper trades. I most likely will not manage those as i do my live accounts, but thought it might be cool to see how some of my ideas play out with as real a trade you can get on here.

12 gen 2018

Nota

Well that's some crap!!! when i updated the buy orders and TP limits don't actually show on the chart.

12 gen 2018

Nota

this is what the chart looks like with the orders on it. i circled the top left so you can see my trading view name in screenshot. don't want anyone thinking i'm snapping photos from the web... lol

ibb.co/nvJKP6

14 gen 2018

Trade attivo

So I took a quick glance last night at the charts and decided to step away and not look again under this afternoon. Sometimes you just need to step away when it seems like price really can not make up it's mind.

So what are we looking at now. As all can probably tell, i'm bullish long term on XRP, but do believe we might see another move down to test some previous support levels. I'm not saying we will get there, but i can see price moving down to the .00012000-.00011000

What i'm seeing at the moment.

4HR - we are above the 200EMA and forming a downward triangle, flag, pennant, or whatever you want to call it. A break of this to either side would likely see price move in that direction, although most likely not as far as one would like.

3HR - Above the 200EMA

2HR - price is on the 200EMA testing it; will it hold or let price break through.

1HR - Under the 200 and testing for a break up and through

45 & 30mins - we are seeing price move above and below the 200EMA; trying to make it's mind up

15min - price is below

with so much indecisiveness in price between the different charts in relation to the 200EMA i'm not sure price knows which way it would like to go.

I'm leaning toward more downside moves, but there seems to be heavy buy walls on exchanges around .00013500 and sell walls around .0001400. We'll need to see a tip is favor for one or the other to really start seeing price play out on the charts.

Ideally, we want to see price on the 1HR down to 15mins charts for price to make a move above or below the 200EMA, which would translate that into the 2 and 3HR charts.

Then see a clear move to and break of one of the trend lines i've drawn (flag) on the chart. A break to tot he upside will likely see price move to the resistance zones in in the .00014500 - .00015000 area, a 4HR close above that would see price move most likely to .00016000.

downward movement would need to see a 4HR candle close below the trendline and the pink support line drawn. If that happens price will move to the .00012500 - .00012000 support zone where price bounced 1/9 & 1/10. if that is passed we'll see a test of the 200 on the 4HR.

As i said, i believe we will see a little more downward move in price before heading back up. It's the weekend, so that's probably contributing to slow action as of right now.

14 gen 2018

Trade attivo

I see we are really testing that link support line I’ve had on the chart for days now. If we get a 4HR close below it we just might see price push in down.

As of now my expectation of lower price is playing out.

14 gen 2018

Trade attivo

So we are still seeing downward pressure on XRP/BTC. At present we are below the 200EMA on the 2HR and below charts.

We are just above on the 3HR and i expect to see a slight bounce at the top of the first zone i have labeled as reversal (.000125000 area).

Overall, i believe we'll see a test of the 200EMA on the 4HR chart at some point in the upcoming week. I could be wrong, but that's what i'm seeing based on the charts at the time of this update.

As stated previously, overall i'm very bullish in the long terms on XRP and i'm a long term holder. So on these significant pull backs, i look at add to my current positions. I'll be looking at adding small positions to current position in XRP
should price move into the 1st reversal zone and again at the 200EEMA on the 4HR.

Depending how it play out, i would not be surprised to see price move down to the 2nd zone, which would align with daily and weekly fib levels.

15 gen 2018

Trade attivo

As of this writing we have moved down to touch the 1st support zone to the exact price .00012500 (top edge of zone).

This touch makes this the 4th time we've moved down to this area since 12/30; strengthening this areas as a price support area. If we are unable to break down below this area, this will become the starting point for any significant move back to the upside.

We are just above the 200EMA on the 3HR chart and are below on the 2HR chart and below. On the lower time frames we are seeing greater separations of slower moving EAs and price move further way from the 200EMA on those charts.

I'm expecting a move back up slightly to test the .00013000 - .00013300 area, but do anticipate another test of this support zone for another attempt to move lower.

As stated... i'm very bullish on XRP and if we do get a move below this zone, i'll look to add to my position around .00011500-.00010000 satoshi area, which would line up roughly with the 200EMA on the 4HR. A break of the 200EMA on the 4HR should see price move quickly to the lower support zone.

16 gen 2018

Trade attivo

We are seeing a that dip at this moment to the lower level of my 1st support zone that i called with the last 2 updates. We just had a 4HR candle close in this zone. Not able to post a chart at the moment but fully expect to see .0011500-.00011100 this evening or through the night. If we get there... you are presented with a great opportunity to get long on XRP

16 gen 2018

Trade attivo

So we finally hit the 200EMA on the 4HR chart i called on 1/12.
We will need to see if this zone hold as support and price start the move back up.

I'll be looking for multiple closed below the bottom edge of this first zone i have on my chart. I still believe we might see price move lower to the bottom zone on my chart.

If so i'll add to my position.

16 gen 2018

Trade attivo

As i mentioned in the last update i excepted a move into the lower zone in my chart. That has happened!!

2 hours until the next 4HR candle closes so I’ll be watching it closely.

We touching that $1.00 zone right now which in my opinion is a great time to add to your position. I’ll update later this evening.

17 gen 2018

Trade attivo

WOW... what a day for XRP. If you are log term bullish i hope you have taken this opportunity to add to any positions, as i know I have.

There is a possibility that we've bottomed out here as we did spike down into my 2nd support zone and spiked back up about 1000 satoshis off it.

So what happening now... While i have bullish, i do think we might see another test of this zone and if we get a 4HR or even a daily below this zone, we'll likely fall to the .00008000 - .00007500ish range; possibly to the 200 on the daily.
if that happens, i'm adding!!!

For me to believe we've bottomed and will start the long move back up, i need to see price action move to the top side of both slow moving averages on my charts on the 15, 30, 45 charts, which would then likely put that same scenerio on the 1HR and up.

to be fully confident in a reserve back to the upside, i would be looking for 2-3 4HR or higher closed above both slow moving averages. Price will likely pause at the 200 on the 4HR before moving back into that 1st zone area that will act as resistance now. if we can get price back above the 200 on 4HR... we should see price start back on the move up.

4HR Chart -


Daily Chart

17 gen 2018

Nota

Also.... since this past has gotten rather lengthy, i'm considering closing it and moving it to a new post, which i will link here.

17 gen 2018

Nota

Considering this post has gotten very long to scroll through, i have updated my thoughts on XRP here:

17 gen 2018

Nota

Need to click on the chart above to open my new post.