Ripple: BULL trap for Christmas?

[Helena Ruben]

Bitcoin continues its very bullish trend , but XRP hit $0.4 for a brief moment on some exchanges this week, and that level could not be sustained for the long term. Over the past days, the XRP price has lost 1% in USD value and 3.2% in Bitcoin value. Both trends are somewhat worrying for those who have a very short attention span, although everyone else will agree this is what the market needs right now. Current price is still good, especially when considering the value of $0.23 which was not some time ago. a Bull-trap?

https://imgur.com/a/hn18IX2

XRP, the second largest crypto is down more than one percent today at $0.354 and near low point of the day.
Falling prices coupled with falling RSI , rising bollinger bands range and falling MACD , all signal that the trend has turned down. First major support in this down move is at $0.329 where 21 days SMA is placed and then lower towards lower end of the bollinger bands , $0.267 on the daily.



Disclaimer: This is only for educational purposes.

Any thoughts guys?

Happy Holidays everyone!

[cryptobull3]

For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .

[Tytanowy Janusz]

I think that we are still in market, where most volume is made in alt/btc pairt rather than alt/usd. Thats why in my opinion we should look at alt/btc chart and looking there good entry point and entering if there is also good entry point for btc/usd pair. Or do as i do. I try to earn satoshi by satoshi from each trade. I dont care hum much $ its it. I hold btc and trade it to alts to increase its amount. Thats why i only look at alt/btc chart.

[liuqi]

For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .

Ripple is totally against in Bitcoin so I don't accept 99% of coins and tokens are follow the Bitcoin. But most are follow the same way so If you think Ethereum is lead the many coins that is acceptable because demands are control the crypto value. Once whales are selling continuously in crypto automatically all the coins are moving to backward similarly.

[TravelMug]

I vividly remember the same scenario last year. Every other altcoin is being pump hard specially the top 10 coins so that's what I'm seeing right now.

What I mean is that the pump is only for short term, but if you're willing to take the risk and join the pump-and-dump then by all means purchase them but just be careful and you should know when to exit and book your profits.

[Japinat]

I will not expect a bull movement for XRP this Christmas or this month because when bitcoin was down, Ripple were going up.
Most likely what we will witness is a bullish for Bitcoin and ETH, and the good news now is the dominance rate of bitcoin is going down, probably Alts will grow.

[moneyvolutions.com]

For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .

Exactly, because basically the altcoin with the top 10 position is always following the price of bitcoin so there no need to analyze each altcoin because it's just a waste of time. But you also have to be careful because sometimes the altcoin movement is unpredictable.

[leavolnhals]

Our market always works in a confusing way and we can learn many lessons through failures.
in the field of investment, each person thinks. whoever has the right judgment, they can get rich very quickly. although their judgment is true or false.

[adaseb]

I wouldn't use BB and RSI in anything related to Crypto trading personally. If you look you would have shorted at $0.30 since it was on the upper BB and would be sitting at a huge loss at the moment.

XRP is a good buy at the $0.25 instead. I think if it re-visits this area we might get another pump to $1-2 or so. The last pump made in Sept 2018 looked like a bull-trap and had a huge sell off when it hit $0.80 area.

[bitcoin31]

For this year or this christmas ripple is not a problem if it will not increase this christmas because if we can see the marker now are increase a little bubut Im expecting the market decrease again because people needsneedsy for themselves.

[creeps]

I vividly remember the same scenario last year. Every other altcoin is being pump hard specially the top 10 coins so that's what I'm seeing right now.

What I mean is that the pump is only for short term, but if you're willing to take the risk and join the pump-and-dump then by all means purchase them but just be careful and you should know when to exit and book your profits.

I also remember that moment when XRP hits the 20ksats level and many people are trap on that for sure. Its too risky to invest right now because we cannot know if this is a real trend or not since a lot of manipulators are still playing in the market right now.

The chart says it all and the volume is not convincing for me to say that we are entering in a real bull run, maybe the market plays its usual trend which is dump and pump right now, better to be careful than to say sorry later on.

[HODL2090]

For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .

This only applies during a period of FOMO and hype were investors are trying to get into the cryptocurrency market amd profit. But for real organic growth, that is dependent on the actual use case and applications of the coin or token.
This foundamentals are major concerns of long-term investors. Traders are more concerned with little changes in price.

[sheenshane]

I vividly remember the same scenario last year. Every other altcoin is being pump hard specially the top 10 coins so that's what I'm seeing right now.

What I mean is that the pump is only for short term, but if you're willing to take the risk and join the pump-and-dump then by all means purchase them but just be careful and you should know when to exit and book your profits.

I also remember that moment when XRP hits the 20ksats level and many people are trap on that for sure. Its too risky to invest right now because we cannot know if this is a real trend or not since a lot of manipulators are still playing in the market right now.

The chart says it all and the volume is not convincing for me to say that we are entering in a real bull run, maybe the market plays its usual trend which is dump and pump right now, better to be careful than to say sorry later on.

I also one who trapped on XRP, on the first quarter of this year I had bought on this said coin but unfortunately the price dragging down and until now the price didn't back at the price where do I invested. XRP now having many companies tied up or partners to them and I think they will have good progress by this year or even next year. But I remember the risk since as far as I know XRP technology is centralized.

View this link of XRP for upcoming partners. Philippines-based Cebuana Lhuillier partners with Ripple to offer cross-border transfers.

[clrpod]

I think the whole market is in a bull-trap right now, especially the Alt market. Some coins are up 100%+ in the last few days. The scary thing is that bitcoin only recovered around 30% and then stopped. Given how the whole market normally follows BTC I think we could see big losses in the next few days.

[Helena Ruben]

For technical analysing I just follow bitcoin graph , If the bitcoin price rise up usually 99% of the coins and tokens would rise too , no matter it is XRP or ZEC , the only thing that remains is how much they can rise if the bitcoin rises , and I would say it depends on how deep they are and what are the good news about them .

Ripple is totally against in Bitcoin so I don't accept 99% of coins and tokens are follow the Bitcoin. But most are follow the same way so If you think Ethereum is lead the many coins that is acceptable because demands are control the crypto value. Once whales are selling continuously in crypto automatically all the coins are moving to backward similarly.

Absolutly relate to your idea. Its a complex relation between Ripple and Bitcoin, Bitcoin will never be a national or any currency.
Though the Ripple's nature is diffrent

[Helena Ruben]

I think the whole market is in a bull-trap right now, especially the Alt market. Some coins are up 100%+ in the last few days. The scary thing is that bitcoin only recovered around 30% and then stopped. Given how the whole market normally follows BTC I think we could see big losses in the next few days.

The year started pretty much good for most alts.

[liuqi]

I think the whole market is in a bull-trap right now, especially the Alt market. Some coins are up 100%+ in the last few days. The scary thing is that bitcoin only recovered around 30% and then stopped. Given how the whole market normally follows BTC I think we could see big losses in the next few days.

The year started pretty much good for most alts.

This year Ethereum is moving forward again so we should expect some good pump in this month so most of the altcoins are forward soon. But Bitcoin is stay in same place so still no one is declare the future pump. I hope all the coins are going to moon this year so second quarter we expect this result.

[sujonali1819]

I think bitcoin did not touch the bottom yet. I guess we can see another fall for touching 3000$. Then it can start its bull run like before. That's only my personal opinion. And you wanted to know that that run was that bull trap for Christmas or not. I want to tell you NO. because in the past history of crypto market that crypto market fall for every Christmas. and this Christmas too maintain the history. But it was little dump than before. Thanks

[Oilacris]

I think the whole market is in a bull-trap right now, especially the Alt market. Some coins are up 100%+ in the last few days. The scary thing is that bitcoin only recovered around 30% and then stopped. Given how the whole market normally follows BTC I think we could see big losses in the next few days.

The year started pretty much good for most alts.

This year Ethereum is moving forward again so we should expect some good pump in this month so most of the altcoins are forward soon. But Bitcoin is stay in same place so still no one is declare the future pump. I hope all the coins are going to moon this year so second quarter we expect this result.

Cant be so sure on such claims but one things for sure that the market would really have the time to recover.Having a bearish year of 2018 we might see 2019 for an another possible good run that we had experience on 2017. Bulltraps can happen and talking about Bitcoin of this first quarter specially the ETF and the BAKKT then we might see some price increase and for ETH then theres upcoming forks so there are lots some bullish news.

[arpon11]

Ripple is now the third coins base on the market capitalization and actually it is a bull trap and  many speculators say ripple is better than ethereum.  I like ripple because of it technology and I wish to invest large in it this past December but I later change my mind for ethereum.