Xrpusdforecast
XRP/USD: Headwinds Strong and Dangerous Mid-Term Lows SwamXRP/USD is above early December values experienced in the wake of the spike downward which hit the broad cryptocurrency market slightly more than a week ago. Yet after recovering some of its value XPR/USD after that downturn, Ripple has not been able to muster a move higher that has challenged prices seen in late November or even through the 3rd of December. XPR/USD did manage to climb to a high of nearly 0.93850 yesterday, but headwinds became strong and the digital asset has reversed lower again.
As of this writing, XPR/USD is trading above the 0.83000 and has crucial mid-term lows again within sight. Yes, from the 4th through the 10th of December XRP/USD did trade below 0.80000 and touched a low of nearly 0.65500 during the flash crash on the 4th. Yet the bigger and perhaps more troubling aspect of the current territory XRP/USD is sustaining, is that the digital asset is also near prices it was trading on the 9th and 10th of August.
The rather durable track lower ETH/USD has generated since the 10th of November correlates with the broad cryptocurrency market and is beginning to have the feel of more than brief nervous selloff. XRP/USD has a strong habit of creating trends which are rather transparent and while reversals higher should certainly be expected by traders, the notion that XRP/USD may use the 0.80000 ratio as a critical inflection point should be given consideration.
Cautious traders may want to wait for slight moves up which show that resistance remains adequate. If the 0.85000 to 0.87000 levels remain pronounced and are able to push XRP/USD backwards, this may trigger additional selling which may feel headwinds are too strong. Ripple can be volatile and its move to a high within sight of the 0.94000 mark yesterday, and then subsequent drop to nearly 0.82000 early this morning was a large percentage move which highlights the need for the use of conservative amounts of leverage.
Bearish traders may believe XRP/USD has the capability to puncture the 0.81000 to 0.79000 ratios in the short term and make speculative wagers regarding these targets. If the broad cryptocurrency markets remains skittish in the near term and is not able to produce a strong move higher, XRP/USD may continue to experience downward momentum.
Ripple Short-Term Outlook
Current Resistance: 0.86700
Current Support: 0.80300
High Target: 0.93300
Low Target: 0.72400
XRP - UPSIDEXRP is still in a bullish cycle, on the 4th of December 2021 it completed the last of a 3 wave correction downside, I think the end of this correction means XRP can reach new highs, thought we were expecting to end the correction at about $0.84 areas with a maximum retracement going as low as $0.60, We were not looking to exceed below our blue box area thought at times it happens(not in this case) when markets are at extreme levels and due for major trend reversals.
Ripple and my new targetIn my previous Ripple analysis, I've argued why I'm bullish and said that I expect the price to reach 1.4 resistance.
Since then, my bullish outlook was confirmed and XrpUsd is trading clearly up.
I expect this price to go further up and pass above 1.4 resistance
My new target is 1.7 and I will stay bullish as long as Ripple is trading above 1 figure
XRP/USD BULL RUN (INVERSE H&S PATTERN)Support: $1.10/ $1. 05 / $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500
Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00
What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
KEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline
Ripple’s XRP would need to move back through the $1.1123 pivot to bring the first major resistance level at $1.1546 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.15 levels.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1958.
Failure to move back through the $1.1123 pivot would bring the first major support level at $1.0711 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels and the second major support level at $1.0288. The 38.2% FIB of $1.0659 should limit the downside
XRP/USDT 1HOUR UPDATEWelcome to this quick xrp/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- XRP/USDT Broke out of trend line...
Entry:-cmp or more in dip
Traget:-
T1:- $1.17
T2:- $1.19
T3:- $1.22
T4:- $1.24
Stoploss:- $1.11
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Good days are coming for ripple in the next few weeks!ripple is now struggling to break a resistance, it is so underpriced right now and I think that it can break the resistance. the ripple value is so much higher than this and now there is a good opportunity to buy and hold it in the next weeks or even months.
Ripple makes offshore transactions so much easy and has a great future roadmap too. Always buy and hold coins with good fundamental reviews. I assure you that ripple is one of them.
XRP/USDT 2HOUR UPDATE Welcome to this quick xrp/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- xrp/usdt is making a triangle pattern, this is the right opportunity to do it buy, the xrp is in the deep
Entry:- 1.0324$, 1.0515$,
Traget:-
T1:- 1.1004,
T2:- 1.1257,
T3:- 1.1473,
T4 :- 1.1807,
T5:- 1.2482,
Stoploss:- 1.0062,
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Why XRP has frustratingly hovered around $1 for XRP HODLers!Xrp is going through a triangle, which is why the price has been coming above and below $1 for some time now. This might be in-line with what Jeremy Hogan said about the xrp lawsuit - its soonest end date is 27th September (if I remember correctly), which makes sense that the price has a high chance of spiking up after that lawsuit is over.
Also, if you knew that xrp's price was being held down because of the lawsuit and that it wasn't going to end until a much later date, you must be fearful to have kept your money stagnating in it for so long. I almost did when I tripled my money from the $0.45-$1.2 prices on the big spike; no bragging because there's genuinely no point in it.
Directly after that spike, I realised that you could've nailed the highest price by drawing the line that makes up the top left of the triangle!! (fib price retracement is another option, although you would've needed to judge momentum as well, which I don't know how to do).
During the first Elliot wave, I hawk-eyed the graph every day because I was ironically fearful of the reactions from my family of getting rich; thanks to Bearableguy123 and Elon Musk "much wow" - it plugs into G_atria.
So, I know this graph's patterns VERY well! Combining what I know with Elliot wave theory and the fib retracements plus Alex Becker's previous BTC video, I can clearly see another Elliot impulse wave forming with an ATH coming very soon!
And then, everything's crashing down due to e_ collapses, crypto b__ for the time being and the flippening is having all the privacy cryptos flip the surveillance coins - which you'll have to move into anyway if you want to keep your crypto!
XRPUSD BUY TARGET $2XRP SPOT
ENTRY : 0.76
TARGET : $2
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XRP Ripple Analysis & NewsHello everyone, as we all know the market action discounts everything :)
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XRP price has dropped to 0.91920. XRP should have performed better given its development this year. However, The main reason why it's doing badly is its prolonged legal battle with the SEC, which caused a lack of media coverage for all its projects development.
The second reason is the continued sale of XRP coins by Jed McCaleb the founder of Ripple and he served as the CTO of the company Ripple until 2013.
In January 2018, it was reported that McCaleb's Ripple token ownership was worth between $10 $20 billion, and holds about 2.5 billion tokens currently.
The latest drop happened because of the Chain's Ban on cryptocurrency which affected the entire crypto market and almost all of the coins lost value in the last 4 days.
But we will see an increase in value soon for 2 reasons :
1) Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger (CBDC Project)
2) RippleX Grants $2 Million to Promote NFT Solutions on the XRP Ledger
Possible Scenario for the market :
it Does seem like the market is holding the Bearish state for a bit which could lead the price to drop more where it will reach the support zone located between 0.91921 - 0.89812. But with all the projects that are been developed by Ripple the market is due to turn Bullish and the trend will probably start at that support level where a bounce will happen leading the XRP price back to the first resistance line at 0.95888 and after that it is gonna zigzag all the way back to the $1.2 range or even higher.
Technical indicators show :
1) The market is below the 5 10 20 50 MA and EMA but above the 100 200 ( Which indicates a Bearish short-term trend but a Bullish long-term trend )
2) The RSI is at 40.22 showing weakness in the market. No divergence found between the market and indicator
3) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 0.91921 1) 0.95888
2) 0.89812 2) 0.97746
3) 0.87954 3) 0.99855
Monthly Support & Resistance points :
support Resistance
1) 0.80603 1) 1.45796
2) 0.42541 2) 1.72927
3) 0.15410 3) 2.10989
Fundamental point of view :
Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product.
According to Ripple, the Royal Monetary Authority expects to enhance digital and cross-border payments. Also, they plan to expand financial inclusion for its residents by 85% by 2023. As of 2019, based on a report published by RMA, it was 67.6%.
Although Bhutan is a small country in the Himalayas, it is the only carbon-negative nation worldwide. In line with this, Ripple emphasized that the CBDC solution would be a match for its principles.
“Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy-efficient than proof-of-work blockchains.” According to bitcoinist
NFTs Are The New Battlefront For Ripple’s XRP Army
The main focus of the applications was the development of open-source projects dealing with NFTs on the XRP Ledger or XRPL.
XRPL encompasses everything we currently consider the XRP ecosystem and is an evolution of the former Ripple Consensus Ledger (RCL). Ripple’s former products, xRapid, xCurrent, and xVia, were, in turn, merged into what is now known as the RippleNet, quickly gathering over 200 customers by 2019.
Although Ripple’s focus point has for long been to offer a fast and cheap payment network, it seems that developers are looking for ways to squeeze the potential out of this blockchain and adapt it to the new times. NFTs are an odd use case for the XRP ecosystem, despite their popularity. According to cryptopotato
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
XRP/USD LONG Set Up To $2.00 (HODL) Support: $1.10/ $1.05/ $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500
Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00
The Ripple-affiliated XRP token has won another re-listing victory in Japan, where the coin will be made available for trading again on the TaoTao crypto exchange later this month.
Per an official announcement, TaoTao stated that the coin would be listed on September 22 following a period of maintenance. The firm added that in addition to spot trading, the coin would also “be available” for margin and leveraged trading.
Like many other international exchanges, a large number of Japanese trading platforms delisted or “temporarily suspended” XRP trading after the American Securities and Exchange Commission (SEC) brought charges against Ripple executives, alleging that they had “knowingly” sold XRP as an “unregistered security.”
Ripple has hotly disputed this claim, and a protracted legal battle has ensued, with no sign of a victory or defeat forthcoming on either side.
But XRP adoption rates remain high in Japan, where Ripple’s presence has been boosted by its close association with the SBI Group, the Japanese financial conglomerate that owns TaoTao.
SBI bought TaoTao in 2020 from its business rival SoftBank’s Yahoo Japan. Earlier this month, it announced plans to merge the TaoTao platform with its own-branded SBI VC Trade crypto exchange. The latter already offers XRP trading
XRPUSD: Time for Support ClearanceBreak and re-test created key structure acting as support.
However, this level left a zone of equal lows that is likely to get tackled at some point in the near future.
I expect significant retracements if we can hold below this last high created.
I have annotated the chart with my predictions.
Let me know what you think in the comments.