XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈
XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows.
From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC:
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BINANCE:XRPUSDT BINANCE:XRPBTC
Xrpusdtlong
#XRP Completing the 4th correction waveRange trading range... Above the range trading range, because there is heavy resistance, one or more powerful candles are needed for the path.
However, there is a correction in wave 4 that can break wave 5 of the resistance zone.
The range of 55 cents should be considered invalidity of the analysis.
XRP is likely to rebound from the lower support of this patter!BINANCE:XRPUSDT BITSTAMP:XRPUSD CRYPTOCAP:XRP Update
XRP is currently trending within a rising channel that has been in place for over 600 days. Presently, it maintains a position above the lower support level of this channel. We anticipate a potential rebound from this lower support zone.
The area marked by the blue box represents the accumulation zone.
Resistance levels to watch include the 50-day moving average, the 0.513 level, and the 0.85 level.
To invalidate this pattern, XRP would need to break below the lower trend line of the channel.
Stay tuned for further updates as the situation develops.
XRPUSDT to $1.22 this year?2 factors drive my analysis for why I'm forecasting XRP to hit $1.22 this year.
First:
XRP ETF Speculation from Blackrock. - BlackRock CEO Larry comment on the potential for an XRP ETF on Fox Business interview “I can’t talk about that!” when asked about an XRP ETF.
This left investors and analysts parsing his words for hints of BlackRock's possible foray into XRP
2nd: Technical Analysis
2 sides of the coin for this, as seen by my bullish green price action arrow forecast and bearish red price action arrow forecast.
However, i'm leaning more towards longs, due to fundamentals where despite volatility and FUD, the overall momentum is hopeful bullish.
At the time of posting - 14Jan 4.30 SGT, XRPUSDT is on the weekly support -resist level. Previous week's candle closed bearish, however, with a long wick showing buyers strength. This week looks to be ending on a green candle. Long sell wick indicates sellers strength.
Weekly is gonna close with a sideways momemtum, as market is hesistant and bith bear and bulls are looking to see each others next move.
I however, expect week support to be respected, and pump up to week's resist after some consolidation, to retest March 22 week resist zone.
If price retest Mar 22 resist zone and forms support on 0.748, I'm expecting XRP to push all the way to 1.22.
While bullish for $1.22 target, that'll probably be pre ETH ETF, to which, a massive liquidity grab will bring XRP back to 0.5-0.8 zone.
XRP: Poised for a Bullish Move
Hello fellow traders,
I would like to share my outlook on the XRP price, as I believe it may be gearing up for a substantial surge. However, please note that the following information is solely my opinion and should not be considered financial advice. Remember to conduct your own research (DYOR) before making any trading decisions.
Analysis:
XRP has shown signs of consolidation in recent weeks, exhibiting a strong base around the $0.60 level. This stabilization indicates a potential accumulation phase, with buyers gaining control and preparing for an upward move.
Price Projection:
Based on the current market conditions and the underlying bullish sentiment, I anticipate that XRP could reach a target price of $0.94. However, it is crucial to exercise caution and consider other technical indicators and fundamental factors that may impact price discovery.
Factors to Monitor:
As we track XRP's progress, it is advisable to keep an eye on significant market events, news releases, and cryptocurrency trends. These external factors can greatly influence the sentiment and price of XRP.
Risk Management:
As with any investment, it is important to have a well-defined risk management strategy. Set appropriate stop-loss levels and consider position sizing to protect your capital in case the market does not move in our anticipated direction.
Closing Thoughts:
To sum up, in my observation, XRP is consolidating and demonstrating accumulation characteristics. While I expect the price to move towards $0.94, it is vital to conduct thorough research, evaluate risk factors, and make informed trading decisions.
Remember, this analysis is for educational purposes only and should not be misconstrued as financial advice. Trade responsibly and make decisions based on your personal assessment of the market.
Best regards,
Crypto By Ghazi
Scalp trading (XRP)📊Analysis by AhmadArz:
buy in support reng
🔍Entry: 0.559
🛑Stop Loss: 0.552
🎯Take Profit: 0.567
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XRP Breaking out of consolidationAll my CRYPTOCAP:XRP HODLERS.
After nearly 2 months of consolidation, XRP saw a slight pump due to XRP20 Inscriptions, that saw fresh 3-5m worth of payment transactions flowing through XRPL.
Looking back at the charts, this pushed XRP to almost retesting a strong 2 months 4 hour resistance zone.
Looking back at Aug, there was a similar duration of consolidation, before a 1.5x pump from 0.4 to 0.6.
If history repeats, we are looking at XRP hitting the 0.8-0.9 levels.
LFG!
XRPUSDT Elliott Waves Analysis (Investment Idea)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Main(investment) target zone: 5 - 7.5$
Cancellation of setup - consolidation under ~0.3
RR: 1 to ~30
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
#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!
If you like this kind of analysis don't forget to like and follow
#XRPUSDTDear Traders,
As with other crypto pairs we have strong belief that XRPUSDT will be bullish in coming days and therefore it would be right time to invest in it. XRPUSDT is one of the stable crypto coin when it comes to stability of the crypto assets.
Enter at the current price or wait for price to drop a little and then enter accordingly to your risk management and trading plan. If you have any questions please comment down in the comment section.
Goodluck and trade safe.
The familiar "U-shape" begins on XRPUSDT ??Following my previous idea post on XRPUSDT, the 4 hour candle has broken out of the fibs zone and day trendline.
A close above the 4 hour dotted line resistance with resistance form signals a strong indicator that XRP might trend upwards till at least the ,7 levels.
This move mimicks a familiar "U-shape" chart pattern that can be seen on the like of Gold, as well as major crypto coins
XRPUSDT Loading Up to retest previous highTA on the daily and 4 hour timeframe shows a double confluence for XRP to go up.
1. XRP is bouncing within Daily Fibs zone
2. Bullish Pennant form
On Fundamentals, there are some relatively positive news about XRP despite its ongoing battle with the SEC
I have placed a positions on the Fib zone, and another limit buy entry on the lowest support zone area seen on the 2nd green line.
WDYT!
XRP → Ready to Rocket!? A Simple Chart Answers that Question!XRP found its way out of the bear channel after a 3-leg push downward followed by a bullish reversal. The price meandered sideways and fell below the 30EMA and 200EMA ribbons looking for support. Are we ready for takeoff? Or are we going to sub $0.50?
How do we trade this?
The current price is at $0.60 above the support zone of $0.57. Sideways outside of a bear channel does not give us the confirmation we need to enter a trade. What we need is a bull signal bar on or near the Support Zone to confirm that the bulls are here to carry us upward.
It's reasonable to wait for the price to fall a but further and bounce. Look for a bull signal bar closing on or near its high followed by a strong confirmation bar. Longing in the $0.59 area gives plenty of room for a 1:2 or 1:3 Risk/Reward ratio, a reasonable ratio given we're looking for a trend reversal. I would not short in this scenario until we see more price action.
Trade Idea
Long Entry: $0.5850
Stop Loss: $0.5416
Take Profit: $0.7150
Risk/Reward Ratio: 1:3
Key Takeaways
1. Three Pushes Down, Bull Breakout of Bear Channel.
2. Not a Strong Breakout. Look for Bull Signal Bar.
3. Price Below 30EMA and 200EMA. Wait for Support Zone.
4. RSI at 40.00 but below Moving Average.
5. Wait for Bull Signal Bar for Confirmation to Long.
You are solely responsible for your trades, trade at your own risk!
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XRP Aiming for $0.73? Don't Let the Bear Channel Fool You.XRP has been marching to the downside for weeks and it would seem there's no end in sight. Except that we're currently sitting on what *used* to be a resistance zone of $0.55-$0.57. RSI is around 40, Bitcoin could fall to $35,000, the million-dollar question is (hopefully literally):
How do we trade this?
If our only point of analysis is the bear channel, then we would always be looking for a short, which is reasonable. Several other data points interfere with that bias. XRP is currently sitting on what previously was resistance that is now being tested as support; in the $0.55-$0.57 price range. We also have 4 pushes to the downside (you could argue 3 and this is the double bottom) which is a reversal signal that we should watch out for.
Bitcoin is also facing a potential pullback which as a leading indicator, could hinder XRP's ability to mobilize to the upside. The RSI is also around 30.00, a weak indicator on its own, but supports the other data points in this analysis. This is why we should wait for a bull signal and confirmation bar at support before rushing into a long position. We need that confirmation to increase our probability of profit.
Key Points
1. In a Bear Channel, but 4 pushes down complete.
2. Currently Testing Previous Resistance Turning Support.
3. Wait for Bull Signal and Confirmation
4. RSI at 30.00, Reversal to the Upside Probable.
5. Use Caution, Bitcoin could fall further and take XRP with it.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP.
It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution.
I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc.
Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long.
The path to $1 is clear, but first I expect another rotation back into BTC.
I have my targets set to make sure I catch those untimely wicks.
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BINANCE:XRPUSDT
XRPUSDT - D1XRPUSDT
D1 - 3rd wave pattern may be formed which is already at the beginning of the 5th wave on W1. When breaking through/fixing the level of 0.5575 with targets of 0.7771 - 0.9285
What can you expect?
You can consider an entry from breaking through ( you can wait for it to fixing ) the level of 0.5575 in continuation of the upward movement - to the levels of 0.7771. Cancellation of the movement, the price will break through the level of 0.4555.
Targets 0.6409 - 0.6938 - 0.7771
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.
XRPUSDT - AnalysisXRPUSDT
W1 - the 3rd wave reached the targets by levels, breaking through the level of 0.9285. From this level, the price was also able to correct by more than 50% - further developments may mean the beginning of the 5th wave with targets of 0.9285 - 1.9586.
What can you expect?
Movements to the upper maximum – with targets at 0.9285 with a possible continuation of the movement at 1.9586.
In the near term we may see a move towards the 1.0328 target from these levels.
Long position
Targets – 0.6848 – 0.8280 – 1.0328.
Long-term perspective – targets 1.0355 – 1.3447 – 1.9586.