XRP Might test local support XRP has a lot of resistance around the 0.3940 zone and will happen so until BTC moves more or there is some more good news. It might re-test local support and rebound. PS: Idea is valid if BTC remains long and positive unless we hear something positive with the SEC news.
Xrpusdforecast
XRP Broke the downward Channel XRP broke the downward channel and is attempting to form an upward movement. There is a resistance at 0.394 onwards and support at 0.37. 0.32 happens to be a very strong support so far and a good liquidity zone. IF BTC remains flat to positive and some news come as its already due. XRP can fly like nothing else you have ever seen.
Ripple XRP price ready to change the trend to growthThe name of the idea speaks for itself.
To see the global trend channel of the falling price of XRPUSDT, we invite you to take a look at this idea 👇, because today the analysis will be on less timeframe.
The main achievement of XRP can be considered that the price did not update the lows that were set in June 2022.
It's hard to pronounce it, but: buyers of XRPUSD showed more strength than buyers of BTCUSDT, who allowed the price to update the lows of 2022.)
This means that the time has come for the realization of the strength of buyers. We see this in the form of the future growth of the Ripple price along the following route:
Growth impulse - consolidation under $0.50 - growth impulse - breakout of the trend line - reaching the local target of $0.60 - $0.65
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XRPUSDT LongWell, unfortunately, I was stopped out in the previous trade.
The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum.
After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43
My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3).
My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade.
Remember, use 1 - 2 % of your account.
XRPUSDT LongAfter the price broke out of the pennant, it formed a bullish momentum thus a highest price @0.56.
The price has formed a falling channel, which might be a strong indicator of a bullish momentum. Let us wait for it to break out and retest the zone.
Entry after retesting - 0.495, Stop loss @0.46, Tp1 = 0.53, Tp2 = 0.565 , and Tp3 = 0.6
R: R is 1: 3
Remember, risk 1-2 % of your account.
XRPUSD is set to drop!!XRPUSD 4h has formed a strong down-trending market structure. After strong rejection from the neckline of monthly head & shoulder, it has broken down on the lower timeframe. Currently, the price on the 4h timeframe failed to create a higher high, instead has broken down. As the long-term trend is down, it is a high probability for the price to continue to drop.
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Two pathway for XRP targeting 0.9$XRP / USDT
XRP made a surprise move like he always does
And broke-out a long term trendline resistance (dotted yellow trendline )
currently it is facing a strong horizontal resistance (violet color)
Two possible pathways for XRP now :
1- Direct breakout to 0.87$ - 0.9$
2- Pullback and continue the movement to 0.87$ - 0.9$
Where is XRP fans ? Do you agree ?
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XRPUSDT 4h XRP price behaves strongly on an uncertain marketA month and a half ago, we published a global idea for a pair XRPUSDT, please familiarize yourself with it, because it is working.
Then the price behavior of XRPUSD and BTCUSDT was similar, but now they are different.
While the BTC price is thinking about renewing the minimum or not, the XRPUSDT price is trading +25% above the minimum recorded in June 2022.
That is, the XRP buyers show that they are strong, despite tomorrow's meeting of the Fed and the totally negative sentiments of the participants of the cryptocurrency and stock markets.
There will definitely be increased volatility in the market tomorrow.
If you used our thoughts from the previous XRPUSDT idea, then place a break-even stop at a position around $0.330, and you will be lucky)
Holding a XRPUSDT position if the price is able to consolidate below $0.330 can be dangerous for your deposit.
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Early tomorrow morning, we will publish an idea on the BTCUSDT chart, and in the description we will write our thoughts about the meeting of the Fed and how the change in the rate can affect the cryptocurrency market.
Well, if you are subscribed to us, you will first receive a notification about a fresh idea, and accordingly you will have more time to make a trading decision.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
XRPUSDT "Double bottom" and a rise to $0.60 or fall to $0.21?Global chart of the XRPUSDT pair on 3-D time frame.
Now, probably, completing the formation of the "second bottom"
The goal of working out such a pattern is in the area of $0.55-0.60 per XRP
Also, Ripple price is now near the critical point of $0.30 . If the sellers manage to fix the price below $0.30, then nothing will prevent it from falling to the bottom in the zone of $0.21-0.25
In principle, the situation on the XRPUSD chart is very similar to that on the BTCUSDT chart we wrote about earlier.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XRPUSDT 12h Medium-term trade - our target $0,44At the beginning of the month, we published the XRPUSDT trading pair idea on the daily time frame to cover the last two years of trading and show the main liquidity zones.
Then we wrote that in the coming days the main task for buyers is to keep the XRP price above $0,30.
Well, 11 days have passed and at the moment, XRPUSD buyers have completely coped with this task.
Accordingly, those who like or believe in the Ripple project, or those who care about risk management in trades, can issue the following order:
Entrance $0,315-0,325
Stop $0,2874
TP - $0,44
P/L ratio - 3.7/1
This is the target for medium-term trade. The global growth target is higher, but more on that in our next reviews of the XRPUSDT trading pair.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
XRPUSDT 1D XRP buy zone for medium-term trade is already closeFor more than a year, Ripple price has been falling in a downtrend channel.
Currently, the XRP price is at the bottom of the channel and is trying to form a reversal pattern.
If in the coming days, the buyers do not allow the Xrpusdt price to fix below $0.30, it will be a good signal that the bottom has been found. And when aggressive purchases appear, as soon as the price will be approaching this level, increased trades volumes - it will be an excellent signal to switch to the side of stronger buyers. Well, then it will be possible to start working out the blue scenario
If the situation on the market allows sellers to fix the price of Xrpusd below $0.30, then the way will be opened for the continuation of the fall, at least by -20%. In this case, the liquid level from which it is worth looking at purchases again will be around $0.25
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)