BITSTAMP:XRPUSD   Ripple / Dollar
Dilihat 1817 kali
1817 17
Here is a quick chart regarding Xrp Usd.
We can clearly see what we did to this crypto currency since last year by over speculating it.
Now Xrp is very likely going to make people pay for their greed, by doing the opposite of what it used to do, making them losing money if they are holding the asset.
If Xrp local bubble start trend line is broken, it will test its line of life, which is very likely as the market is crashing.
If this line of life is broken, Xrp will probably be heading to around the blue target.
I drew in green an hypothetical incoming pattern, we might gonna have some bounce around the support.
This target scenario is for the short term, 2/3 months.
I could be completely wrong, and buyers reforming a potential new bubble in the future is a possible scenario, with a bubble beeing why not bigger than this one if market cap grows up decently.

Good luck, stay safe and not too greedy unless you are shorting at the right times.
Dagangan aktif:
Xrp playing with fire right now.
Let's see if the local "bubble pattern trend line" holds it as a support.
Dagangan aktif:
Bears are intensifying their selling pressure.
Xrp could go below this local bubble trend, and the line could act as a resistance instead of acting as a support.
This could lead to a solid bounce on the support (orange dotted line), around 0.56 usd.
Dagangan aktif:
Dagangan aktif: Xrp seems heading closer and closer to the target support (orange dotted line).
I'm expecting an important bounce if it hits it (green hypothetical pattern).
Dagangan ditutup: sasaran tercapai: Xrp is completely oversold.
We are at the 0.56$ value, the value Xrp had in February when Btc was at a 5800$ value.
The Xrp bounce will happen when Btc happens, and it might not be at this current 0.56 value.
Dagangan aktif: Ok, i was a bit cautious, but the expected bounce happened around 0.57$ as i initially expected.
Long time we didn't see such a Fomo
Komen: The green crashing pattern i drew at the beginning of this TA is still active, nothing changed.
However i made 2 mistakes while drawing it, you will notice it when you click the "play" button : i did not anticipate Xrp to crash that quickly.
Second mistake is that the expected bounce at around 0.56 was weaker than expected, as it reached a target of 0.72 instead of 0.79.
I am sorry for that.
Good luck
Komen: Getting closer from the crash target area
Dagangan ditutup secara manual: Target reached 0.25$
Congrats. Very educational
I would have preferred to give a positive education rather than a negative one, but this is just the part of this market cycle
dRends35 Giorgioversace
@Giorgioversace, Up and down are both fine to me, as long as i have a bearing on which way. I don't see it as positive or negative. I'm not convinced crypto is a good idea at all so i'm entirely neutral. Its good to see your skills though. Watching, learning :)
I am completely neutral as well, people generally see me as a big bear but i am actually trying to stay the most realistic as possible.
Try to explain that to teens during a bear market of trading hyped wind lol.
+1 Balas
dRends35 Giorgioversace
@Giorgioversace, Hopefully next bear market, there will be more options for shorting alts. Then it really would be neutral in terms of preference
@Giorgioversace Do you still think that XRP will bounce a little but at +- 0.56 ?
It is still possible, but it now depends according to where bitcoin is going to bounce, xrp could still be around the 0.57 when Btc bounces.
Yip. The bubble burst.
+1 Balas
+1 Balas
Maybe you are right
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