XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request.
The price of XRP increased 2.2 percent to 51 cents over the past 24 hours.
ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential.
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Xrpusdanalysis
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview
XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements.
Understanding XRP Ripple
XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions.
The Chart Dynamics
At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range.
Bullish Outlook
Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors.
Potential Risks
However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects.
Market Sentiment
Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem.
Conclusion
In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
Do you believe the x2 growth of the Ripple XRP price ?The XRPUSDT trading pair is very specific, it moves as it wants and when it wants, regardless of the market trend.
The abnormally large issue of 100 billion coins, half of which are currently in circulation, makes XRP "clumsy".
But this does not prevent XRP from having a large caste of fans who believe that "soon" the price of XRPUSDT will reach $10, although they have believed in this since 2017 and may have been holding it since then ;)
Miracles rarely happen in the world, but perhaps the XRPUSDT price is again preparing for a rapid x2 growth to the $1 area ?)
What do you think? It was really good in the summer, can they do it again?
XRP 24H Upside Potential☀️; Bearish Trading Trend in 1 Week? ☁️Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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XRP RIPPLE Trade IdeaRIPPLE (XRP) has experienced recent downward pressure, retracing to the 61.8 Fibonacci level, as indicated on the chart. If the Dollar Index (DXY) advances following its current retracement, XRP/USDT may target further downside levels, considering the typical inverse correlation between DXY and XRP. It is crucial to emphasize that this analysis is provided solely for educational purposes and should not be construed as financial advice.
XRP to 10usd, what about 30 cents?I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur.
However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this bullish trend. Despite an initial rise of approximately 50%, this gain has been nearly entirely offset.
Analyzing the chart reveals a conspicuous presence of selling pressure, with each upward spike promptly followed by selling activity.
From a strictly technical standpoint, if XRP falls below $0.5, the path to $0.3 seems inevitable, carrying a high probability of a drop to that level.
The bearish scenario can be dismissed if XRP rises above $0.65, but even in such a situation, substantial growth seems unlikely. From my perspective, $1 is the most optimistic scenario for this coin, even under the best circumstances.
XRP High probability Uptrend with 70% move with target: $1.042The analysis below outlines a bullish case, with a target price of $1.042, marking a potential 71.76% increase from the current level.
Ascending Channel Formation:
The XRPUSD has been trading within an ascending channel, exhibiting higher lows and higher highs, a classical indicator of a bullish trend. The lower boundary of the channel has consistently provided support, suggesting a strong buying interest.
Consolidation Zone:
Prior to the current price action, XRPUSD was consolidating, with the price oscillating between a well-defined range of support and resistance levels. The upper boundary of this range may act as a springboard for a breakout.
Z-Score Probability Indicator:
The Z-Score indicator has dipped into the red zone, which often precedes a reversal. Given the other bullish signals, this could indicate a potential buying opportunity.
Moving Averages:
XRPUSD is currently trading above its significant moving averages, which have started to trend upwards, suggesting a bullish market structure.
XRP TF 1D signal Bullish Engulfing done Yesterdayrules are not to forget to play with Slop loss and break event.
now the potential growth is clear.
but need a security Stoploss in proper low.
until we pass the save zone to let the market move to 1.618 Fibonacci.
I have drawn an example of the cart to explain what will happen. but this is not the confirmation of volume & short-term trader interframe with the market.
what I believe is more volume more changer to grow the market.
this mush happen in less than 17 day. if not we need new counting.
ETH Bullish ☀️ 24H & 1W Horizon; XRP Bearish ☁️? Sell Now? Ethereum, Litecoin, and Cardano are likely to profit from a bullish sun in the next 24 hours. ☀️ On the other hand, Ripple’s XRP and Avalanche are also likely to face downward pressure ☁️
Over a one-week horizon, bullish sun will shine over a larger part of the crypto universe, however, XRP, Avalanche, and Polkadot will still be facing bearish clouds, signaling further downside risk. ☁️
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XRP at Last Promo to BUY Dip. TF1DAYFrom My TA, Xrp is at a low price to buy and most importantly our risk(SL) is at a logical mind. to not blow off our Capital.
my projection price will hit the High step-by-step to max time high previously.
0.5720 Resistant or Supply level where at this price we can hold our Buy until level 1.618 Fibonacci
This event is not any problem with garbage News from all instant influencers.
Scalp trading (XRP)📊Analysis by AhmadArz:
buy in support reng
🔍Entry: 0.559
🛑Stop Loss: 0.552
🎯Take Profit: 0.567
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The trendline that keeps on keeping on giving!So here we have my minimum price prediction for Xrp come 2031! I believe that minimum price WILL BE $7 and no less in 8 years! This trendline has been just paying everyone in Xrp since Xrp's inception.
I don't see this stopping anytime soon especially for Xrp's adoption in the next 8 years!
You can be safe in the knowledge of how much you'd like to invest into Xrp and/or dollar cost average in.
If prices tend to go higher than the minimum forecast for 2031 in the nearest future.. over the next year or two would probably be a good time to consider selling a portion (or percentage) of your Xrp. Don't ever let your earnings go back into the downturn if there's such good opportunity to sell at lucrative highs. So this would be a good guideline to follow so you don't miss out on potential future profits.
Happy earnings and prepare now.
XRP - THE ROAD TO 1.20-1.30$ EXPLOSION FOLLOWED BY CORRECTIONXRP is holding 0.55$ Support area after the recent liquidation.
If it maintains at this level, we can continue with the movement and climb up towards 1$ at least.
The conservative de-risk play, would be around 1.07-1-13$ . While most ambicious one is around 1.20-1.30$.
This triangle is in play and we are in PHASE D. This is why is still have this impulse left towards a dollar and above.
After that, I can say we may visit again the 0.60 territory. This may sound crazy, but this is how the overall cryptomarket is looking.
We are in the Wave 3. Once this finishes, Wave 4 corrective, A,B,C comes. Therefore, we must prepare to capitalize even more.
**PREPARE NOW. GET INTO POSITIONS. HOLD AND DO NOT DOUBT**
XRP HOLDING CRITICAL SUPPORT! LAST SHAKE OUT BEFORE 1.13$After the critical liquidation that took place today, 03/01/2024, XRP is fighting to hold the 0.55$ support.
IF XRP manages to close the daily higher than the GREEN trendline, at around 0,55$, we are good for continuation and the continuation of the automatic rally.
This recent crash was to liquidate retail investors due to the recent immense increase in the Altcoin market.
Do not get distracated. DO not doubt about the current situation. They want you out for whats to come in the next 1-2 months.
XRP is set to reach at least 1.07$-1.13$ in the upcoming days, maximum reaching 1.30$ if it overextends.
This is time for accumulating more XRP. Don't lose focus!
Cheers!
How not to fall at the final hurdle...This is the moment that I believe is the last stretch for Xrp moving into the New Year 2024 and onwards towards March!
Don't let things bother you if we see this final average downturn. It'll be big buy opportunities before we go ahead to test all time highs!
This is accumulation stage and final chances to dollar cost average in on the red candles. See you on the other side ↘️➡️↗️⬆️
XRP GETTING READY FOR THE BULLSJudging by this candlestick, the neat chart pattern formation indicate a strong bullish momentum, as well as a clear support and resistance zone. I expect a retest of the 0.6570 resistance soon. If it breaks and holds, we’ll be heading towards the next target at 0.6680, followed by the 0.70 and 0.73 levels that we saw on Nov 23rd.
My theory . . . when price breaks and holds above that line, the bulls are going to have an epic rally up the chart!
Only time will tell. Please share your thoughts, opinions, predictions, criticisms, etc.
#XRP/USDT#XRP
The price approached strong resistance areas and broke the downtrend at that point
We expect that the price will push strongly upward, achieving levels that we have not seen in almost a year
My current entry points are 555.
Targeting the following levels
0.7370 $
0.9840 $
1.360 $
1.650 $
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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