Ripple
⚡️ XRP AND THE MAJOR MOVES! ⚡️⚡️ Hi, I have no time so I'm just keeping this short. Been absolutely burnt out with work, I barely have time for myself as it is with everything going on, but I'll at least get this idea out and respond to some comments later when I get more time.
⚡️ I did try to post an idea on the 7th however for whatever reason trading view didn't let me but I have attached the chart I had for that below.
⚡️ And here's with the title
⚡️ XRP did have that ascending channel and that was what I wanted to point out in the idea I wasn't able to get out, wanted to warn about that but now we can see the result after having lost that ascending channel which ended up pulling us down to just about where the channel itself started with us even getting that major pull down, longs squeeze. No doubt some whale or institution sold to knock out those longs.
⚡️ Above 0.479 XRP's managed to keep some grip though that in itself is a bit understated no doubt, I'd like to see more action first above 0.479 since this is the first time we're here since just about a month ago basically. Definitely set some alerts for 0.4973 in case we revisit below that though I doubt we'll see another fall quite as dramatic as the one on the 9th.
⚡️ Most of this was just a perfect set of events for the fall with the SBF trial ongoing throwing some shade at crypto and no doubt dimming public opinions and sentiment thus shaking up the market more at a time when Bitcoin was looking at possibly breaking some local levels which promptly ended up dumping Bitcoin below that $27,000 mark and sending the rest of the market down with it including XRP of course.
⚡️ So it's not just XRP that's taken the hit, the market as a whole has and in our case we had the two catalyst with the first being the loss of that 200 EMA on the hourly, 4 hour which was then confirmed once we lost and exited the Ascending channel failing to stick above 0.52 and getting dumped on.
⚡️ I'm not stressing crazy right now, we have seen this before but still always find it funny how the perfect storm seems to brew every time for crypto, we'll have good news and sentiment raise us up and help form good movement, and then we'll have weeks like this which do the exact opposite, for example we have the SBF FTX trial ongoing and we even had Jim Cramer yesterday commenting and issuing a 'major Bitcoin price warning' with him even being quoted: "A lot of the people who watch us are searching for ways not to lose money but to make money. I can't go out with gold cause gold is not good. I can't go out with Bitcoin because...Mr. Bitcoin is about to go down big". Definitely doesn't help us.
⚡️ To me just seems like a narrative, the whales pump up the news and sentiment buying in, then when they decide to sell they put out FUD like the jim cramer which in turn ends up helping send prices down, of course before this happens they make sure to take their profits and sell at the high before buying down at the lowest points and buying back in for a cheap price. They sell high and buy low.
⚡️ I have to go but all the best till next. Bye
~ Rock '
XRP will ⚔️Attack⚔️ to 🟢Support zone🟢⏰(4-Hour)⏰✅ XRP seems to have succeeded in breaking the Support line .
🌊In terms of Elliott Waves , XRP completed a Double Three Correction(WXY) .
🔔I expect XRP to attack the 🟢 Support zone($0.4950_$0.4820) 🟢 in the coming hours.
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🌐➕ Positive News ➕🌐:
Judge rejects SEC’s motion to file an appeal against Ripple ruling.
Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point.
🌐➖ Negative News ➖🌐:
XRP Eyes Epic Outflows from Korea's Major Exchange to Mysterious Wallet
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XRP Analyze ( XRPUSDT ), 4-hour time frame⏰.
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HelenP. I Ripple can make correction and then continue riseHi folks today I'm prepared for you Ripple analytics. A short time ago price rebounded from the trend line and made a strong impulse up until to 0.5235 points, thereby breaking the 0.4915 support level, which coincides with the support zone. After this movement, Ripple made a correction to this level, which there moment coincided with the trend line, and then continued to move up to the 0.5300 resistance level. When the price reached this level, it made a fake breakout and in a short time declined below, but soon Ripple repeated this movement and broke the 0.5300 level, which coincided with the resistance zone again. But a not long time ago Ripple started to decline to the trend line, breaking the resistance level again and even soon price broke the trend line too and fell until to support level. After this, it rebounded up and now it traded near. For my mind, Ripple can make correction to the support level and then continues to rise. That's why I set up my target at the 0.5100 level. If you like my analytics you may support me with your like/comment ❤️
XRPUSDT, big volume of bulls exit. SellHi friends. XRPUSDT downward trend started. 350 million contracts of bulls closed and still there's no quality volume about they'll purchasing. So we go down. Target for bears 0.5094, 0.4965 and major target - 0.4810. Have a nice trade's and follow me) Volume analysis thanks to X-Volume indicator want rent - write in private.
XRP's Market WaltzAs the October leafs flutter in the crypto theatre, XRP pirouettes on the stage of uncertainty on October 5, 2023, with its price elegantly poised at $0.529669. Despite a recent encumbering bearish sentiment, the curtains are yet to draw on XRP's performance as a soft whisper of bullish momentum echoes through the market halls.
Just days before, on October 3, a mild stumble of 3.01% against the US Dollar had slightly dimmed the spotlight on XRP. Yet, as the choreography unfolds, a medium-term price encore at $0.5675 is being choreographed by the market maestros for October, with a long-term crescendo targeted at $0.9300 come January 2024.
The script hints at a captivating act with a predicted price surge of about 32% over a week to touch $0.66, following a meaningful breach of a Fibonacci ballet step. This projection twirls in harmony with the general market optimism for a grand XRP rally in October.
The technical tableau paints a scene of mixed sentiment. The resistance and support levels stand as the pivotal stages for XRP's next act. A triumphant leap above the resistance of $0.66 could herald a bullish ensemble, propelling XRP towards the medium-term crescendo of $0.5675 and beyond. Yet, a falter could send XRP spiraling down to retest the lower support zones, a scene the market audience watches with bated breath.
Amidst the backdrop of an October scheduled buyback and the simmering notes of the SEC case, the $0.66 resistance level emerges as a critical battleground, setting the stage for XRP's short-term price ballet.
The choreography of XRP amidst the mixed market sentiment resonates through the crypto auditorium, embodying the volatile yet hopeful narrative of XRP as it endeavors to regain its bullish tempo in this financial choreography.
Key Price Levels:
- Resistance Level 1: $0.66
- Resistance Level 2: $0.5675 (medium-term target for October)
XRP (RIPPLE) SELL ANALYSIS📉:XRP moved as we said it would on yesterday's analysis. It moved a little higher above the yellow resistance zone, seen a small wick fill & now dropping back below $0.52 zone.
A nice 7.5% profit gain to make from this trade. 7.5% without leverage, could easily do 50-100% with leverage😉 Trade accordingly to your account balance & your personal risk appetite.
RIPPLE - After exiting from triangle price can continue to fallHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced down of $0.5125 support level, which coincided with support area, and entered to flat.
Inside flat, price reached bottom part and made upward impulse to $0.5355 level, thereby breaking $0.5125 level.
Also, price exited from flat and soon bounced of resistance level and started to decline.
Later Ripple entered to triangle, where it rose to resistance line, which is located in resistance area, but then it bounced down.
Price declined to support line and soon broke it, thereby exiting of triangle, and now Ripple trades near this line.
In my mind, Ripple can fall to support level, break it and maybe make retest, after which continues to decline to $0.5000
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Ripple can start to rise to resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price a few moments ago broke the 0.5000 support level, which coincides with the buyer zone and declined to 0.4590 points. But then it bounced and started to rise inside the upward channel, in which the price rose to the 0.5000 level, broke it, and continued to move up to the resistance line of the channel. After Ripple reached this line, it rolled down back to the support level, where it some time traded near and later rebounded up to the 0.5375 resistance level, which coincide with the seller zone. But after this movement, it rebounded down back to the support line, where a little time traded and then bounced back to this level and even entered to seller zone. Then Ripple started to decline and fell below resistance level and now it continues to decline. For my mind, Ripple can start to rise to a resistance level and try to break it. After the breakout, it can make a retest and then continue to move up to the resistance line of the channel. For this case, I set up two targets, the first target at the 0.5375 resistance level and the second - at the 0.5600 level, which coincides with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
XRP Set to Soar Past Target of 0.54 with New License Approval I am thrilled to share with you that XRP has recently received a groundbreaking license approval in Singapore, a major financial hub and a hotbed of innovation. This development is set to catapult XRP's value beyond our initial target of 0.54, and the possibilities are simply mind-boggling!
With this new license in hand, XRP is poised to solidify its position as a leading cryptocurrency, gaining increased acceptance and adoption in the financial sector. The license approval in Singapore is a testament to the immense potential and robustness of XRP's technology, making it an irresistible choice for both institutions and individual investors alike.
Now, you might be wondering, "How can I get in on this extraordinary opportunity?" Well, my friends, the answer is simple: it's time to long XRP!
By taking advantage of this exciting moment, you have the chance to ride the wave of XRP's success and potentially reap substantial rewards. With the new license approval, XRP's value is expected to surge exponentially, surpassing our initial target of 0.54 in no time.
So, don't wait any longer! Seize this golden opportunity and position yourself for maximum gains by long XRP today. The time is ripe, and the potential returns are too tempting to ignore.
Remember, successful traders are those who dare to embrace opportunities, and this is undoubtedly one of those moments that can shape your financial future. Long XRP now and join the ranks of those who have the foresight to recognize the immense potential in front of them.
🔥 XRP'S WILD WEEK 🔥🔥 Before I start I just wanted to apologize, know it's been a few days and all since the last post, just been busy with work and some life things but that being said I'm happy to be back of course, even if it's just for a quick idea!
🔥 Got some pretty good feedback with my last short idea so we'll keep this idea short and simple too. To start off we've got the SEC decision with SEC losing it's motion to appeal Ripple's decision which only helped to boost XRP's argument and in turn caused the sudden rise up in XRP's price as displayed up above.
🔥 Not too shocking to see XRP's reversal after the sudden impulse wave up, we already know as I pointed out in my last idea how after these big jumps up we'll usually have some retracement or reverse trends pretty quick after with a lot of people taking profits or selling for other reasons of course. What I'm looking towards now is whether or not XRP sticks above 0.516. 051 has managed to keep pretty solid with XRP seeming to have much less selling pressure than before indicating that a lot more people are 'sticking along for the ride' so to say.
🔥 Main thing is that volume is still doing pretty well for XRP being that traders are still actively trading XRP through the exchanges showing there's demand and so far looks like we aren't doing to bad with what's been a slow retracement aside from losing the 200 EMA a few times but that's reasonable given the nature of the initial jump up.
🔥 I did add what seems to be a diagonal resistance line that's been acting as resistance and preventing us from posting/claiming higher digits. I expect it to act as a catalyst more than likely on the local for a breakout or act as a resistance as long as we remain below it. All I'm watching for right now but regardless it's nice to see that the SEC lost it's motion to appeal, that's a big win in my books either way.
🔥 Market's still wary understandably, especially with 30 year mortgage rates hitting 7.88% which is crazy considering we haven't seen numbers like this since 2000. I mean can you believe that, it's been nearly 23 since we last saw these rates, crazy to consider everything that's going on with the US alone adding over half of Bitcoin's market cap to it's national debt this week.
beincrypto.com
🔥 Not mentioning those things to incite any fearmongering but rather the reminder that we're going through a lot right now collectively but at one point or another things will have to subside and the market will have to do it's thing. A lot of things are changing and with a Bitcoin ETF on the horizon in the next few months and people becoming a lot more knowledgeable about crypto and becoming tech savvy things are changing, may not be quick but each and every day we grow and get closer to a future in which crypto will come to play a role in our lives.
🔥 That's enough for today, I have a lot more things to to so I'm leaving the idea there for now, but I appreciate you guys tuning in of course, means a lot as always and wishing nothing but the best till next, feel free to leave any likes or follows as usual, simply helps me out, thanks.
~ Rock '
XRP/USDT bullish scenario what next?👀 🚀 XRP today analysis 💎 Paradisers, it’s time to dive into an exciting opportunity with XRPUSDT! We are observing that, after a rejection from strong resistance, it’s regaining bullish momentum.
💎 Upon closer inspection, Ripple is adhering to a trend line as support and maintaining an upward trajectory. It’s highly probable that it will turn bullish after rejecting at 0.5140, or it could be from the bullish OB level or previous low at 0.5072.
💎 Another facet to ponder is, if it breaks the previous low, then a downtrend continuation is likely, and we are optimistic that the price can retest the strong support level once again.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
XRP's Golden Cross: The Perfect Time to Ride the Wave! As you may have already noticed, XRP has been making some significant moves recently. But hold on tight, because things are about to get even more exhilarating! The much-anticipated golden cross has finally appeared on XRP's chart, signaling a potential breakout on the horizon.
For those unfamiliar with the term, a golden cross represents a powerful bullish signal. It occurs when a shorter-term moving average (such as the 50-day MA) crosses above a longer-term moving average (like the 200-day MA). This event often suggests a shift in sentiment and can be a strong indicator of an upcoming price surge.
Now, you might be wondering, "Is this the right time to long XRP?" Well, the golden cross certainly adds weight to the argument. It's essential to remember that technical indicators are just one piece of the puzzle, but they can provide valuable insights when combined with other factors.
Considering XRP's recent positive momentum, the golden cross could be the catalyst that propels it to new heights. As traders, it's crucial to seize opportunities when they arise, and this might just be one of those moments.
So, without further ado, we encourage you to carefully evaluate the current market conditions and consider a long position on XRP. Of course, always exercise caution and conduct your own thorough analysis before making any investment decisions. Remember, knowledge is power!
As always, we're here to support you on your trading journey. If you have any questions, need further analysis, or simply want to share your thoughts, feel free to comment below.
XRP - Failure as a CryptoCurrency ? Deep Thoughts 💭Hi Traders, Investors and Speculators of Charts📈📉
For those who have been following me here for a while, you'll know that I've always been a notorious fan of XRP.
I used to be a true "believer", #xrparmy and the whole deal. Followed all the XRP pimps (such as BlockchainBacker ) on Twitter back when Twitter was still blue... but recently, I'm starting to develop some serious doubts about the fundamentals of this altcoin. And I'm going to level with you here. These are just my thoughts, and you are still entitled to your own opinions infact we encourage it.
As a trader; I can't help but notice the unusual price action on XRP compared to other coins. Did you know that XRP is one of VERY FEW altcoins / cryptos that has been unable to reclaim it's ATH for years after? Even with the benefit of being one of the first titans in crypto. Other coins have long surpassed their ATH's. But XRP made one high, and never again. This speaks of weakness in terms of value. And that can no longer be ignored.
The unfortunate truth about XRP is that the trading volume is low, and buyers are not keen to buy XRP due to it's ever increasing unpopularity. This directly creates weak support zones and strong resistance zones, as there is little confidence in the coin and bag holders are all waiting for the first best opportunity to sell. Short term traders would rather take losses than hold indefinitely.
XRP has become more and more unpopular over the course of time because of it's "Pump and Dump" price action. The SEC case and the whole controversy about the Taco stand (founders holding millions and dumping on the market) also didn't help.
Don't misunderstand. I will still trade XRP. The big difference in my approach, is the matter of accumulating. I've been accumulating XRP since about forever. And I have decided I will no longer accumulate. Instead, as soon as the price reaches higher than what I bought for, I will be looking to sell my bags. Considering this argument and the fact that I'm probably not alone in this approach, you can see from a trading perspective how dire this outlook is for support and resistance zones.
This is a real pity and hits close to my heart. It's hard to let go of an ideology you've held and defended for years. I really believed in the promise of a coin for institutions, cross border settlements etc. But unfortunately, as a trader, it makes no sense to hold a coin for years, no matter what great promises were made by the creators of Ripple. The truth is, if I bought as much DOGE as I did XRP, my portfolio would have been up x100 compared to now. This is sad, considering that DOGE and many others, like PEPE, are meme coins and hold no real fundamental value. The fact that meme coins do better than a coin " created for banking and large institutions " is a shock. And here's where you have to ask yourself... was it really?
💭So, what's the trading plan from here for XRPUSDT ?
If you must trade it... Buy low, sell high. I'll keep making updates on SHORT and NEAR TERM targets. But LONG term targets are too hard to speculate. Focus on technical indicators and trendlines alone to get price targets. No more fundamental-analysis "value" targets.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
Buying Ripple HereTraders,
I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak.
I've added XRP as a long play to at least that 100-day ma. The red level just above that at 58.5 cents is likely where I'd take 100% off of the table. SL is 49.2 cents for an r/r of up to 4.6.
Technicals here show a break of the neckline on a small inverse H&S pattern with a target at the 100-day. The retest of the neckline is now complete. So, we are good to go here IMO.
Not fin advice. DYOR.
Best,
Stew