Ripple: ConsolidationXRP is currently moving within a sideways range and remains between our two scenarios. Primarily, we expect a drop below the support level at $0.2874 before the magenta wave (C) is completed. After establishing this low, the price should rise over the long-term. However, if the price rises imminently and breaks the resistance level at $0.9479 (probability: 45%), we will already consider the price in the alternative magenta wave alt.(D).
Ripple
XRPUSD This is how it can reach $10 by the end of 2025.XRPUSD hasn't made a new ATH since January 2018. Instead its last Cycle was a Lower High of a 6 year Triangle that hasn't been broken yet.
The price has been consolidating for 18 months and is pattern is running out of space.
Volatility is expected to become fierce until the end of the year but if it follows the expansion pattern of the 2013-2016 Triangle, then we can see a massive price explosion early in 2025.
That rally reached the 2.0 Fib, the parabolic channel of XRP suggests it won't go higher than the 1.5 Fib.
As a result, we think $10 is a fair price in this scenario.
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Possible Scenarios For RippleCurrently, XRP is oscillating within a price channel, and no decisive move has been made either upward or downward. This channel is defined by a clear top and bottom, with a potential supply zone above, which could influence future price action.
Possible scenarios:
Break above the channel: If the price manages to break above the channel, it may approach the higher supply zone. At this point, it would be important to observe how the price reacts to this level.
Reaction to the supply zone: After reaching the supply zone, the price might face selling pressure and move back towards the lower support levels within the channel.
XRP (Crypto Ripple-USD) BUY TF H4 TP = 0.61On the H4 chart the trend started on Oct.5 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.61
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
XRP Price Set for a Breakout: Could $1 Be the Next Target?CRYPTOCAP:XRP has recently caught the attention of traders and investors alike, with notable price movements sparking optimism for the coin’s short- and long-term potential. Following a 4% price surge today, CRYPTOCAP:XRP is currently trading at $0.5577, and analysts predict that the cryptocurrency could be on track to hit $1 in the short term, potentially reaching as high as $7.5 in the long run.
Ripple SEC Case Drives Sentiment
XRP’s recent rally can largely be attributed to developments in the ongoing Ripple-SEC lawsuit. Market sentiment has been increasingly positive as speculations rise over the U.S. Securities and Exchange Commission (SEC) potentially missing a critical filing deadline. Ripple’s Chief Legal Officer (CLO) mentioned that the SEC had until October 16 to file the necessary Form C in its appeal, yet no filing had been made by that date. Although some sources, like journalist Eleanor Terret, indicate the SEC might have until October 18, the missed deadline speculation has fueled bullish sentiment for XRP.
The Ripple-SEC legal battle has been an overhang for XRP’s price for years, but recent cross-appeals by Ripple have shown that the company remains confident in its position. The anticipation surrounding a favorable outcome has injected renewed optimism into the market, leading to higher trading volumes and price volatility.
Additionally, Ripple’s announcement of exchange partnerships ahead of the launch of its new stablecoin, RLUSD, also plays a significant role in boosting confidence. Exchanges like Bitstamp, Uphold, and Bullish, along with market makers such as B2C2 and Keyrock, are on board to provide liquidity for RLUSD, further solidifying Ripple's ecosystem.
Technical Analysis
On the technical side, CRYPTOCAP:XRP has exhibited positive market behavior in the past few days, fueled by this optimistic sentiment. Currently trading above the key $0.56 level, We are predicting a breakout within the next 15 to 30 days, driven by mounting pressure between buyers and sellers. The analyst has identified a critical resistance level between $0.61 and $0.62, which, if breached, could lead to a significant price uptick.
At the time of writing, XRP’s technical indicators reveal a moderate Relative Strength Index (RSI) of 51.17, signaling neither an overbought nor oversold market. This neutral RSI suggests that the coin has enough momentum to push higher without hitting overbought conditions, making a move to $0.61 pivot Point.
Furthermore, CRYPTOCAP:XRP is trading just above its 200-day Moving Average (MA) but remains slightly below its 50-day and 100-day MAs, reflecting consolidation in the market.
As CRYPTOCAP:XRP continues to consolidate, its triangle formations suggest a buildup of tension between buyers and sellers, setting the stage for a breakout. Should the price breach the identified resistance, a bullish move to $1 could come into play, aligning with our predictions. On the downside, a failure to break the “Genuine Wake-Up Line” and falling below the “Atlas Line” could signal a bearish reversal, but for now, the indicators are tilting towards a bullish outcome.
Long-Term Outlook: $7.5 Potential
While the short-term target remains $1, the long-term outlook for CRYPTOCAP:XRP is even more exciting. If market conditions remain favorable CRYPTOCAP:XRP could rally further, potentially reaching $7.5. This prediction is contingent upon the broader cryptocurrency market rally, the ongoing developments in the Ripple-SEC lawsuit, and Ripple’s success in rolling out its stablecoin and expanding its cross-border payment solutions.
Given the increasing utility of CRYPTOCAP:XRP , particularly in enterprise-grade payment solutions, and Ripple’s strong regulatory focus with RLUSD, the coin could become an essential part of the evolving financial infrastructure.
Market Confidence Boosts CRYPTOCAP:XRP
The broader crypto market has also experienced positive momentum, with Bitcoin recently hitting $68,000 and other altcoins following suit. This "Uptober" rally, as many are calling it, has led to renewed confidence across the board. XRP’s participation in this rally is bolstered by its role in cross-border payments and the anticipation of the Ripple stablecoin, making it a strong candidate for further price growth.
Conclusion
CRYPTOCAP:XRP is riding on the back of positive market sentiment fueled by the Ripple-SEC case and Ripple’s upcoming stablecoin launch. Technically, the coin is well-positioned for a breakout in the next few weeks, with $0.60 acting as a key pivot level. If XRP manages to break through the $0.61-$0.62 resistance, a run toward $1 could become a reality, and the long-term prospects remain equally bullish with the possibility of hitting $7.5 in the future.
As always, investors should remain cautious, given the legal uncertainties, but the outlook for CRYPTOCAP:XRP seems brighter than it has in recent months.
Bullish Butterfly Ascends a Channel w/Underlying Fib LevelsHere I have BINANCE:XRPUSDT on the Weekly Chart!
Beginning of March 2020, BINANCE:XRPUSDT hits its Lowest Low @ .1013
Beginning of April 2021, BINANCE:XRPUSDT hits its Highest High @ 1.9669
For context ~1,800% Increase in 1 Year
Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!!
Parameters:
X - B .786
A - C .382 / .886
B - D 1.618 / 2.618
X - D 1.27 / 1.618
(B/D and X/D Fall Short)
-Price is continuing to trade Above the 200 EMA
With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up!
-If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels!
1) .8139 - .9240
(61.8% - 55.9%)
2) 1.2542 - 1.5266
(38.2% - 23.6%)
*Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
XRP Long Target 0.96451. Resistance Breakout:
- There was a prior horizontal resistance level that the price attempted to break above. This level has been marked as a horizontal line across the chart, indicating that the price previously struggled to rise above it.
- The price initially broke through this resistance but has since retraced.
2. Retest of Support:
- After the breakout, the price retraced back to the support zone marked with "$$$." This retest area is crucial for the potential continuation of the bullish trend.
- The support is aligned with a demand zone, where the price might find buying pressure again.
3. Trade Setup:
- The shaded area extending upwards from the retest zone indicates the potential bullish price target area. This suggests the trader expects the price to rise after bouncing off the support zone.
- The target is near the 0.9645 level, indicating a potential move toward this resistance in a successful scenario.
4. Risk Management:
- The lower grey box shows the stop-loss zone below the key support level, around 0.5555 to 0.5582. A break below this level could invalidate the bullish idea, signaling that the price might move lower.
In summary, the trader expects a bounce from the current support area after the price retests the breakout level, targeting a move up to around 0.9645. However, the setup includes a defined stop-loss below the support zone at 0.5555.
XRP Above 54 CENTS LONG/ BELOW 50 CENTS SHORT MUST WATCH Good morning traders
First time looking at XRP lets get into it. first and foremost it has hit my Daily projection going up, this could be a indication of further shorts to come but is it?
Currently we a bit more depth of our analysis we have found that if we break above 54cents it would make a good long position to the 73 cents range and above. However if we go below 50 cents be expected to drop to the 40 cent range and lower
Always look at both sides because as traders we follow the market in what it gives us not predict it based on what we see
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MB Trader
Have a awesome day trading
ETH Best level to BUY/HOLD TP 50% gains🔸Hello traders, today let's review 8hour price chart for ETHUSD . strong gains recently off the range lows ,however currently price still stuck in the well-defined distribution range established in August 2024.
🔸We are stuck in mixed range / distribution, since previously price
dumped in the summer time therefore expecting more losses in this
market before an eventual recovery / bounce off the strong S/R below.
Range is defined by 2300 usd lows and 2750 usd highs. so far we are
still stuck in this range and I can't recommend any trades right now.
🔸Recommended strategy bulls: wait for a fake breakdown of the
recent range expecting one final swipe higher towards 2750 before
the eventual dump / breakdown. I got two important levels marked
down on my chart - 2 000 USD and 3 000 USD. Expecting price reversal
at/near 2 000 usd as the bulls will defend this level. Logical price target
for the swing trade setups for the bulls is 3 000 USD, this trade got
50% unleveraged/clean upside. Keep in mind that this is a swing trade
so naturally will take more time to hit TP. good luck, traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XRP Bullish DumpingReason for neutral: I believe price will dip again to present bearish, then it will bounce. It shouldn't break down under June low again if it were to bounce.
XRPBTC and its USDT pairing reaction
View of the range that developed after Coinbase delist & relist
Price target ideas based on ranging and mean reversion
Sources, used the earliest I could find for the accurate prices at public news drops:
Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge
x.com
Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3)
x.com
Coinbase will suspend trading in XRP on January 19
Updated July 13th at 5:35pm ET - Coinbase has relisted XRP: twitter.com
In light of the SEC’s recent action against Ripple Labs, Inc., Coinbase plans to suspend trading in XRP on Tuesday, January 19, 2021 at 10 AM PST.
www.coinbase.com
See my related idea for a chuckle
XRP LIQUIDITY HUNT COULD CAUSE ANOTHER 18% - 19% DROP.XRP is very likely to seek liquidity below the lower wedge trend line before moving upward again. It's probable that the price will wick down to the $0.50 level to grab liquidity resting under the previous low. However, if it seeks additional liquidity, the price could drop to the $0.43 level before we see a significant reversal. If that occurs, this could be a great opportunity for a quick short to that level, followed by a reversal trade for the ride back up.
Good luck, and always use a stop-loss!
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
XRPUSD Impulse wave to reach 1.2500XRPUSD / Ripple is having a strong bearish candle on the 1week timeframe, erasing the gains so far of the previous 3 weeks.
Even though that is shaking out many traders off the market, this doesn't affect the long term bullish outlook.
The reason is that XRP is repeating a pattern that seems like an Inverse Head and Shoulders of 2022-23.
You can see that when it finally crossed above Resistance one, it rallied strongly to the 1.786 Fibonacci extension.
Buy and target 1.2500
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DOGSUSDT Opportunity to buy at SupportDOGSUSDT has experienced a sharp decline, dropping almost 50% from its all-time high (ATH), potentially presenting a discounted buying opportunity. However, recent price action shows it has broken and closed below the key psychological level of 0.001, signaling weakening bullish momentum. The price is now testing the 0.0009 support level, which is crucial as the overall market sentiment remains bearish during this correction phase. There's a likelihood that the price may dip below this level, continuing the downtrend.
The consolidation phase currently seen suggests market indecision, but it could precede further downside before any potential upward movement. A possible scenario is a false breakout below 0.0009, which could trap sellers expecting further declines. If the price quickly rebounds after dipping, it might create a buying opportunity. A reversal could target the resistance zone at 0.0011
XRP Po3 Structure and Bull Market Setup 1$ and higherIn this video, I break down XRP's current Price Over Oblivion (PO3) structure and why we're expecting a pullback. Price is likely to trade lower into the 4-hour Fair Value Gap (FVG), where we anticipate a potential reversal.
This dip could be the catalyst that ignites the next bull market for XRP, setting the stage for a strong upward move. Watch the full analysis to understand the key levels and market dynamics at play!
Ripple: Upward PressureXRP rose significantly after our last update and even surpassed its July highs at times. Should this upward momentum now continue above the resistance at $0.9479 (probability: 45%), we should already see the coin in the magenta-colored wave alt. (D). However, we are not yet convinced of this option and are thus allowing the same-colored (C) wave to continue below the support at $0.2874.
$ARTY : Another Bullrun Ahead ? (READ THE CAPTION)By analyzing the AMEX:ARTY chart on the 4-hour timeframe, we can see that the price is currently trading around the $0.49 level. Previously, the price managed to break the resistance at $0.5599 and even rallied up to $0.5921 before starting its current correction. The key support levels to watch are between $0.4580 - $0.4750 and $0.4250 - $0.4390 . Keep an eye on these zones for potential buy opportunities! (This Analysis Will Be Updated Soon with new Targets)
For Those Whose Asking, I’m not too familiar with the fundamentals of this project too much, but considering the Artyfact Beta launch and the many upcoming events in the Artyfact ecosystem, it seems likely that we could see the next pump for AMEX:ARTY soon! With a current market cap of just $8 million, there's still a lot of room for growth. For those interested, AMEX:ARTY is already listed on exchanges like OKX, Bybit, KuCoin, and a few others !
Ripple (XRP): chances for recovery?XRP price was largely considered dead as it barely moved regardless of the market dynamics, which varied frequently. The drop in volume and volatility often suggested a significant shift of focus of the market participants onto the other platforms. However, the current trend suggests the price is about to make a large move as it has broken a 2-month accumulation period. The upcoming price action is expected to circulate bullish waves across the market, but the question arises: will the XRP price reach $1 before the end of 2024?
The XRP price has remained within a bullish range, even though the price failed to demonstrate giant moves similar to the other tokens. The token is testing the upper resistance of the descending trend line, which has been acting as a strong resistance since the time it faced rejection after hitting the highs in 2021. Interestingly, the price has followed a similar pattern since its inception, and if a similar outcome occurs, the XRP price may set a new ATH in 2025.
In the long-term chart displayed above, the XRP price appears to be preparing for a massive move as it is about to close the monthly trade on a bullish note. It has been following a trend wherein the trade begins by a breakout from the multi-year descending pattern, which further elevated the price towards new highs. The monthly RSI has risen above the average range above 51 for the first time in 2024, which is believed to trigger a fresh ascending trend hereafter.
Secondly, the Bollinger bands have been going parallel to each other regardless of being in the same position for nearly a year. This suggests the XRP price is believed to trigger a fine ascending trend if it manages to close the monthly trade above the triangle. The breakout usually pushes the XRP price to new highs as the trend remains elevated for the next few months, hinting towards the formation of a new ATH above $3.5 in 2025.
XRP SHORTThe chart shows a clear range that XRP/USD has been trading in from April to June, followed by a significant price drop. Currently, the price has rallied back towards a previous area of interest, indicating potential liquidity around the 0.65857 level.
Trade Setup:
1. Entry: Look for signs of price rejection around the 0.6500 - 0.65857 zone, which is marked as an area of external liquidity. This area is expected to act as resistance, with the potential for the price to reverse from this level.
2. Stop Loss: Place a stop loss just above the external liquidity zone at 0.6650 to account for any potential fakeouts or spikes.
3. Target: The initial target would be around the 0.43120 level, where significant demand is anticipated. This is also the projected area shown on the chart.
4. Risk/Reward: The trade offers a favorable risk/reward ratio, with a larger downside potential versus the upside risk if the resistance holds.
Additional Notes:
- Monitor the price action closely around the external liquidity zone for confirmation before entering the trade.
- If price breaks and holds above the 0.65857 level, reassess the trade idea as this would invalidate the bearish outlook.
XRPUSDT Breaking Channel PatternXRPUSDT technical analysis update
XRP's price is breaking out of a descending channel pattern after 450 days of formation. If the daily candle closes above the channel resistance, we can expect a strong bullish move in XRP. and price trading above 100 and 200 EMA.
Regards
Hexa