Bulls are hanging on, but running out of wiggle room. A lot of bullish talk on XRP and everyone is waiting for that pump since the release of xrapid. will it come, doesn't have to. I am getting the feeling of a lot of buying pressure, despite retracement, .45 is key. the only way i can see XRP pumping is if the price stays above .45 for the next day. Absolute minimum is .42, but that would mean XRP will lose the ascending triangle/pennant formation, making it harder for the bulls. a double bottom at .47-.46 would be ideal, but it's a bit tight. A lot of reasons to think that XRP is going up from here with moving average support, bollinger support, TD sequential calling longs on multiple time frames. but be careful near the edge
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notice FIB TIME ZONE, 22 Nov 2018 and 6 Dec 2018, 2 very important time's for XRP. FTZ marks tops and bottoms
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finally got my green 9 on the 4hr, for which i have been patiently waiting. also got a green 9 on the daily. carful with 9's, they bleed. with RSI divergence MACD looking to make a INV HNS pattern, finding support on the right shoulder, this is the bulls best chance for a reversal. XRP is prone to TD long calls failing, so If this does turn, I will be looking for conservative targets and laddering stop losses.
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oh, the pain! last chance is .425, after that, ill admit defeat
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DEFEATED! Im wrong. really tried to hang in there. look this could be a massive flag but im out. might need to head down to 35ish. i would be surprised to see this bounce at 40. other then MA's, there is no support here.
@ZouZM, yeah buddy, i see a lot of resemblance with that area. a similar pattern to 16/10/17 is very possible. and even if it doesn't, i expect a serious retracement to similar precentage. XRP loves bears, and i will always expect longer downs, and tiny ups. it's geared to banks. and 60% of it is just sitting somewhere to never be used right? the problem with that is, one body has control over 60% of XRP and I am supposed to trust that body will not manipulate it. i mean, 25c wick. tell me that wasn't someone making a bank transfer. it is a vehicle for moving money, im reasonably sure the price will be kept low, i dont't know what low is, 15c/30c/50c/$1 etc. but i would be carful in trusting any coin or exchange in crypto. in the case of XRP, im more comfortable in holding it and forgetting about it.
Salmin
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This sh..coin pumps every 3-4 months.. Next pump will be December (maybe)....
BlakeWissemann
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@Salmin, Thanks for the reply. not so sure if that helps here, but interesting analysis. i notice 3-4 any time frame usually marks reversals really well. mainly because 3 and 4 can be divided into any time frame. 12, 60, 24, 28, 30, 32, 366. so i agree, they are crucial numers for everything. I personally like using 4hour (and 4 day) chart. if you chuck up the 4hr, and TD sequential, you'll find TD called the tops and bottoms perfectly. 3 not as accurate on ripple. XRP got long calls on heaps of time frames, except the 4 hour. if i get a green 9 on the 4 hr, i will long with a tight stop loss.
BlakeWissemann
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@BubbaGanoosh, correction- red 9 on the 4hr
BlakeWissemann
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@Salmin, i do think XRP is here to stay. and with latest market cap news, i wouldnt be surprised if it does really well. that is not applicable to the price tho, although, with a higher price, you could see XRP take the lead. especially considereing BTC uncertainty. i much prefer BTC as a crypto for a number of reasons. I think XRP has moral concerns, but i think fiat has moral concerns. so if it's about preserving money and livelihood, i find it best to not ignore any investment that has longevity
BlakeWissemann
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@Salmin, I do agree December will be a pivotal point