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Xrptrade

2 to 1 Risk vs. Reward, XRP TRADE SETUP AT 30X LEVERAGE ON $500.My last trade went perfectly according to plan. I'm going to attempt a secondary trade based on the same premise, but this time, I will try to capture the retest of the .583 level. To reduce my risk, since the first trade was a success, I've reduced the dollar amount in the trade by 50% to avoid giving back too much of the profit from the previous trade, assuming I'm wrong on this one. I have also reduced the risk-to-reward ratio by 20% on the reward size to make the trade a little easier to achieve. Limiting losses is key to successful trading. Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer! Good luck!
BITSTAMP:XRPUSDLong
by MetaShackle
XRP → Ripple Target Set to $0.75!? Let's Maximize Your Profits.Ripple has its sights set on the Resistance Zone at a price range of $0.715 to $0.75! We're currently breaking out from the Bull Channel to the upside. Do we long now? How do we trade this? 🤔 If you're going to long, Do it at the close of this 4HR candle in 30 Minutes! The best place to long would have been a couple of candles ago when the price was at $0.63 to $0.635, giving us a 1:3 Risk/Reward. A long now could still render a 1:2 Risk/Reward which is still reasonable! However, the position size needs to be smaller to accommodate the larger distance to the Stop Loss. Zoom into the 4HR chart and look for this candle to close in about 35 Minutes. If it closes above the Bull Channel, enter a long and set your protective stop below the Daily 30EMA. Go for a 1:2 Risk/Reward Ratio which sets a Take Profit target around $0.72. Be prepared to take profits once we approach the Resistance Zone, look for Bear signal and confirmation bars that tell us the move is over and it's time to exit! 💡 Trade Idea 💡 Long Entry: $0.6533 🟥 Stop Loss: $0.6200 ✅ Take Profit: $0.7200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Price is currently breaking out, Target Resistance Zone. 3. Forming a Cup pattern, likely going to retest previous High. 4. RSI at 65.00 and above Moving Average, Bias to Long. 5. Target 1:2 Risk/Reward, Stop Loss below 30EMA. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
8
XRP → Ready to Rocket!? A Simple Chart Answers that Question!XRP found its way out of the bear channel after a 3-leg push downward followed by a bullish reversal. The price meandered sideways and fell below the 30EMA and 200EMA ribbons looking for support. Are we ready for takeoff? Or are we going to sub $0.50? How do we trade this? The current price is at $0.60 above the support zone of $0.57. Sideways outside of a bear channel does not give us the confirmation we need to enter a trade. What we need is a bull signal bar on or near the Support Zone to confirm that the bulls are here to carry us upward. It's reasonable to wait for the price to fall a but further and bounce. Look for a bull signal bar closing on or near its high followed by a strong confirmation bar. Longing in the $0.59 area gives plenty of room for a 1:2 or 1:3 Risk/Reward ratio, a reasonable ratio given we're looking for a trend reversal. I would not short in this scenario until we see more price action. Trade Idea Long Entry: $0.5850 Stop Loss: $0.5416 Take Profit: $0.7150 Risk/Reward Ratio: 1:3 Key Takeaways 1. Three Pushes Down, Bull Breakout of Bear Channel. 2. Not a Strong Breakout. Look for Bull Signal Bar. 3. Price Below 30EMA and 200EMA. Wait for Support Zone. 4. RSI at 40.00 but below Moving Average. 5. Wait for Bull Signal Bar for Confirmation to Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
Opportunity on the tail of a dragon.The bulls are reacting! After the mini crash the crypto market suffered recently, thanks to the expectations towards the BTC halving, and we see a lot of opportunities here. But first, if you are new here, I invite you to follow me to keep updated about our trades and analyses, I’m every day here, and you are welcome to join our community. The candles tell us a story. Like other cryptos, XRP is telling us that the bears aren’t so strong as they think. Take a closer look at the two last red candles, notice that they left some big shadows behind, and that’s a scar in bear’s face. The bears tried to push down the price, but they got defeated by the bulls and pushed back far from the red line (previous support). The most important challenge the bulls face right now is to close a candle above the blue line, because it’s the 38.2% fib retracement and they would cancel the bearish pivot (evidenced by the orange lines). Let’s see the hourly chart: The price is trading above the 21 ema, which is good, and it seems it will through the blue line, but we need to wait for some confirmation. Personally, I’ll be looking more at the daily chart than the hourly chart. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:XRPUSD
by Nathan_The_Finance_Hydra
XRP - About to PULL the TRIGGER.Ok, so the price found a support in the 21 ema and the purple trendline, which is great for the bulls, and now it seems it is doing a bullish engulf, like some other cryptos are doing. Let’s see if this pattern will be triggered tomorrow, if so, it’s a long, the target could be the pink trendline or the 61.8% fib retracement. Let’s look the hourly chart for more information: It would be very good if the price close above that blue line, but I don’t know if that’s going to happen. Now let’s see the weekly chart: It’s near the 21 ema, which could be a resistance too, but I find this volume increase very interesting. I wonder what caused that sudden raise. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:XRPUSD
by Nathan_The_Finance_Hydra
3
Hope you have your seat belts on !! XRPHi, So I am going to wright this calmly to properly explain what is happening. As usual, I was working whilst having the market a screen so I can always see it. So I was following my strategy when suddenly huge news comes out that XRP will be listed on Coinbase. As we all know, when ever XRP a coin gets listed on Coinbase it often gets a huge rise in price, so I rush to my computer and see we already went up 10%. Now, luckily I had a tiny trade in with no take profit (always good to have one after a steep drop). The reason why this listing is even more exciting than others, is that it is with XRP and XRP is like no other coin, it haves a big support within the public community. So for those wondering why such volatility, I am guessing insiders drove the price down bought big time and now it is on it's way for a short bull run. so I bought a big position even after the 10% rise as, we might even see a 100% rise here, the crypto market is not to be underestimated. It suprised us more than once, so this could be very interesting. Hopefully we will all make money from this trade, have a wonderful day !
KRAKEN:XRPUSDLong
by Yokoj
$XRP Might Gonna Have Another Wave, Do You Even Believe It?So the very first time that i see the chart is quite skeptical. Why let me show you in a brief explanation below: 1. Price action trend in very short term time frame has broke the trend line, which means the only thing that holding the price is only momentum. 2. This makes me think more downward is coming to hit. How far? we can see as the first support around 7k-8k sats and then we're straight to 4k sats. Which means at the very worse scenario, my bet is that we will be around minus 45 percent. 3. ADX trend and MACD shows different opinions. It looks like XRP just having chill on the trend by manage to keep the price stable on 8k+ 4. Which means by these two indicators, I might strongly believe we might have a limited bullish wave. 5. If I wanted to compare with the price action indicator then it will be 60%:40%. 60% up and 40% down That's my bet. What's yours? ************************************************************************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. -------------------------------------------------------------------------------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform
Long
by blockchaindedi