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XRPUSDT trade ideas

XRP Major Breakout: Is Next Price Target Will $1.22?Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. The cryptocurrency market has been characterized by volatility and uncertainty, but one digital asset is currently turning heads: XRP. Technical analysts are buzzing about a potential game-changing breakout as the altcoin displays a classic bullish Symmetrical Triangle pattern on its weekly chart. The Symmetrical Triangle Pattern A Symmetrical Triangle is a chart pattern formed by converging trend lines connecting a series of lower highs and higher lows. This pattern often indicates a period of consolidation before a significant price move. The direction of the breakout, upwards or downwards, determines the subsequent price action. In the case of XRP, the Symmetrical Triangle has been forming for an extended period, suggesting a substantial amount of energy building up within the pattern. If the price breaks out to the upside, it could signal a powerful bullish move. The Bullish Case for XRP Several factors contribute to the bullish sentiment surrounding XRP. Firstly, the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has been a major catalyst for price volatility. While the case is still ongoing, recent developments have injected a sense of optimism into the XRP community. Secondly, XRP's underlying technology, RippleNet, continues to gain traction in the global payments industry. As more financial institutions adopt Ripple's solutions, the demand for XRP as a bridge currency could increase, potentially driving up its price. The Potential Price Target: A Jaw-Dropping Figure Based on the Symmetrical Triangle pattern and historical price movements, some analysts are predicting a mind-boggling price target for XRP: $1.22. Achieving this level would represent a significant increase from current prices and would undoubtedly shock the market. It's important to note that price targets are estimates based on technical analysis and should not be taken as guaranteed predictions. The cryptocurrency market is highly volatile, and numerous factors can influence price movement. Conclusion XRP's bullish Symmetrical Triangle pattern has captured the attention of traders and investors alike. If the breakout occurs as anticipated, it could trigger a substantial rally in the price of XRP. However, it's crucial to approach this potential move with caution and conduct thorough research before making any investment decisions. The cryptocurrency market is constantly evolving, and new developments can emerge at any time. Stay informed, manage your risk, and consider consulting with a financial advisor to create a personalized investment strategy.
Long
by bryandowningqln
XRP/USDT 4H IntervalHello everyone, let's look at the 4H chart of XRP to USDT, because you can see that the price has broken out of the descending triangle. Let's start by setting goals for the near future that we can include: T1 = $0.59 T2 = $0.63 T3 = $0.68 AND T4 = $0.71 Now let's move on to the stop loss in case of further market declines: SL1 = $0.56 SL2 = $0.50 SL3 = $0.47 AND SL4 = $0.42 Looking at the RSI indicator, we can see that we are staying above the upper limit, which may indicate an attempt at price recovery.
by cryptodailyuk
XRPUSDT D Bullish Setup:50% fill of the FVG,POC,liquidity poolsTechnical indicators suggest growth. There is a possibility of a growth reaction from the 50% fill of the imbalance, POC, liquidity pool with a liquidity sweep below the previous low and the completion of a truncated fifth wave of Elliott. Liquidity pools have formed above, which will act as a magnet for the price. This scenario will be invalidated if the price consolidates below the POC. Then, expectations for the price are in the order block (OB) zone.
Long
by WoWAcEDuDe
XRP's Victory and the Path to $1: What’s Next for the Ripple?In a significant turn of events for the cryptocurrency world, Ripple has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC), sparking a surge of optimism and speculation surrounding the CRYPTOCAP:XRP token. The court ruling, delivered on August 7, affirmed that Ripple’s sales of XRP to retail investors do not violate federal securities laws, providing a much-needed boost to both the token’s price and its future prospects. Ripple’s Legal Triumph: A Game Changer for XRP The recent legal win has been a game changer for $XRP. Following the court’s decision, the price of XRP saw a remarkable increase of over 30%, reaching levels not seen since April. This legal victory has not only revived confidence in CRYPTOCAP:XRP but also set the stage for a potential bullish rally. Market sentiment is currently bullish, with analysts closely watching the retracement pivot at $0.70 to validate XRP's bullish trajectory toward $1. Binance US Spotlight: Unveiling XRP’s Potential Adding to the positive momentum, Binance US has provided crucial insights into XRP’s technology and scalability. The exchange highlighted that XRP, created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, operates on the XRP Ledger Consensus Protocol. This protocol, distinct from Bitcoin’s proof-of-work system, enables XRP to handle up to 1,500 transactions per second, showcasing its efficiency and scalability. These revelations have intensified interest in XRP, particularly following Ripple’s legal success. The update underscores the cryptocurrency’s potential and fuels speculation about an XRP Exchange-Traded Fund (ETF), which could further enhance its market presence. Market Reactions and Speculation The market reaction to Ripple’s legal victory has been swift. XRP’s price increase post-ruling is accompanied by a noticeable decline in supply on exchanges, indicating that investors are holding onto their assets in anticipation of further gains. Retail accumulation is on the rise, especially among smaller holders, while larger investors have adjusted their positions. Speculation about an XRP ETF has gained traction in light of recent developments. The announcement of XRP/USD futures contracts by Bitnomial Exchange has further fueled discussions. These contracts, which are physically settled and margin-based, reflect the value of 100,000 XRP units, signaling a step toward increased market accessibility and liquidity. The Road Ahead: As XRP navigates through this transformative period, all eyes are set on the retracement pivot at $0.70. This level is crucial for validating the token’s bullish momentum. If CRYPTOCAP:XRP maintains its position above this pivot, it could solidify the path toward $1, marking a significant milestone in its journey. In summary, Ripple’s court victory has revitalized XRP’s market outlook, setting the stage for potential bullish movements. With increasing interest, technological advancements, and speculative excitement around an XRP ETF, the cryptocurrency is poised for an exciting phase. Investors and analysts will be keenly watching the retracement pivot at $0.70 as CRYPTOCAP:XRP strives toward its next target of $1.
Long
by DEXWireNews
Lingrid | XRPUSDT Bullish MOMENTUM. Leveraging PULLBACKBINANCE:XRPUSDT has experienced an impulse leg upward but has started to pull back after hitting resistance. The price has retraced approximately one-third of the bullish move, indicating that while there is some selling pressure, the overall trend remains within an upward channel. As observed, the market made a complex pullback from the resistance zone. The breakout and close above the important level at 0.500 suggest that the market is gaining momentum. This could indicate a potential accumulation phase as buyers may be waiting for a more favorable entry point. I believe the market may find solid support near the psychological level of 0.500. If this support level holds, it may provide an opportunity for buyers to re-enter the market, potentially leading to another upward leg. Overall, the outlook remains cautiously optimistic as long as the price maintains above this key support level. My target is resistance zone around 0.6160 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
XRP Chart Analysis & Potential Trade SetupsXRP's push after the recent news regarding the SEC settlement hasn't been sustainable. As many times previously, XRP was rejected at the long-term downtrend line. I am still convinced that once this downtrend breaks, XRP will pump massively. However, it doesn't look like XRP has enough strength to give it another try. Conversely, XRP is back in the channel where it has been consolidating for a longer period at the end of 2023 and between March and May this year. Moreover, in both cases, the price dropped lower after the consolidation and entered the lower channel. From a trading point of view, the approach is relatively clear: - No long-term trade until the downtrend breaks - Short-term trades (1H) are possible based on support and resistance zones (break and bounce).
by ben_walther
1
XRP Daily | Keeping It SimpleGood evening my dear friends, time to visit another one more chart. I am trying to look at XRP on the daily timeframe since the previous chart is for the real long-term, a multi-year long perspective. Here, the situation is much different but still, quite simple. So simple that I am sure you will be able to quickly relate and understand the signals I am about to detail. Talking about detail, these are the details of this analysis. We are looking at XRPUSDT. This is a descending channel drawn in orange. Bearish, as in lower highs and lower lows. Preceding the major drop leading to 5-August, we have an inverted hammer. The bounced after the 5-Aug. drop ended as a lower high. This confirms the persistence of the bearish bias; meaning, XRPUSDT continues bearish on the daily timeframe. That's it. Keeping it simple. Expect a lower low on the next drop compared to 5-Aug. The descending channel lower trendline can be used as a guideline. Namaste.
Short
by AlanSantana
3
XRP - Trading Inside the channel - Pending BreakoutBINANCE:XRPUSDT (1W CHART) Technical Analysis Update XRP is currently trading at $0.57 and price is trading inside in the channel. Price got successfully bounced back from the support line and now trading near the resistance line, A clear breakout will confirm the bullish trend of the XRP. We can enter the long trade after the confirmed breakout. Entry level: $ 0.7040 (Candle close above the channel Stop Loss Level: $ 0.4158 TakeProfit 1: $ 0.8563 TakeProfit 2: $ 0.9925 TakeProfit 3: $ 1.1653 TakeProfit 4: $ 1.4356 TakeProfit 5: $1.8800 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
XRP Price Movements Under Pressure from Judicial Decisions In the ever-evolving world of cryptocurrency, both technical patterns and fundamental news play critical roles in determining market trends. Recent developments in the Ripple (XRP) vs. SEC legal battle have highlighted this dynamic, particularly as Ripple’s price faces resistance in tandem with broader market movements, notably Bitcoin’s trends. Multiple Rejections Forming a Straight Resistance Line As observed in the latest technical analysis, Ripple (XRP) is encountering a strong resistance line formed by multiple price rejections. This resistance is part of a larger symmetrical triangle pattern that reflects market indecision and the build-up of potential breakout energy. The downward-sloping trendline acts as a significant barrier, consistently rejecting XRP's attempts to move higher. This technical setup suggests that XRP is trapped between this resistance and a rising support line, indicating that a breakout in either direction could be imminent. Judicial Decisions Influencing XRP Price The price action of XRP has not only been shaped by technical factors but also by significant legal developments. The rulings by Judge Analisa Torres have had a profound impact on XRP’s market behavior: July 2023 Decision: Judge Torres delivered a mixed ruling in the SEC vs. Ripple case: Institutional Sales: Found to be unregistered securities, as the court ruled these sales to sophisticated investors violated U.S. securities laws under the Howey Test. Programmatic Sales: The judge ruled these sales, made to retail investors through exchanges, did not constitute securities due to the lack of investor expectation based on Ripple’s efforts. Market Impact: Following this decision, XRP saw a notable surge, as the ruling provided clarity and was viewed as a partial victory for Ripple. This spike was a direct reflection of market sentiment responding to fundamental news. August 2024 Final Judgment: The legal landscape took another turn when Judge Torres imposed a $125 million penalty on Ripple for their institutional sales, marking a significant chapter in the case. Despite this setback, Ripple’s retail sales were not penalized, maintaining a key victory for the company. The final judgment reiterated the ongoing regulatory scrutiny faced by cryptocurrencies in the U.S., and while the penalty was a blow to Ripple, it also signaled some closure to the long-standing case, affecting investor sentiment and market dynamics. Correlation with Bitcoin Movements XRP’s price movement is not occurring in isolation; it is also being influenced by broader market trends, particularly Bitcoin (BTC). Bitcoin has been showing signs of consolidation, forming a similar resistance line as it approaches key technical levels. The price action in BTC often correlates with XRP, as movements in the dominant cryptocurrency tend to influence the broader market, including altcoins like XRP. The chart analysis reveals that XRP is following Bitcoin’s lead, struggling to break through its own resistance as Bitcoin faces similar challenges. The combination of Bitcoin’s technical struggles and the fundamental pressures from the Ripple case creates a scenario where XRP is under dual influence—market-wide sentiment driven by Bitcoin and legal uncertainties surrounding its own future. Coach Miranda Outlook and Strategy For traders and investors, the key takeaway from the current situation is the need to closely monitor both the technical and fundamental developments. The symmetrical triangle pattern on XRP’s chart suggests a breakout is on the horizon, but the direction remains uncertain. Given the resistance line’s strength and the ongoing legal and regulatory challenges, caution is warranted. Technicals: Watch for a breakout above the resistance line or a breakdown below the support line to signal the next major move in XRP. Fundamentals: Stay updated on any further legal developments or SEC actions, as these could provide additional volatility or trend confirmation. In conclusion, XRP’s price is at a critical juncture where technical resistance and fundamental news converge. The market is watching closely as Ripple navigates its legal battles while Bitcoin’s influence continues to play a significant role. Whether XRP can break free from its resistance will depend on the interplay of these factors, making it an exciting but challenging environment for traders. This analysis is brought to you by Coach Miranda Miner and the research team at Global Miranda Miner Group, highlighting the intricate dance between market technicals and the powerful influence of regulatory decisions. Disclaimer: Not Financial Advice CRYPTOCAP:XRP The content provided in this analysis, article, or any associated materials is for informational and educational purposes only and should not be construed as financial, investment, or trading advice. Cryptocurrency markets, including XRP, are highly volatile and subject to rapid changes in price due to market forces, regulatory developments, and other factors. Past performance is not indicative of future results. You should perform your own research, consider your financial situation, and seek independent advice from a qualified financial advisor before making any trading or investment decisions. Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not trade or invest money that you cannot afford to lose. Global Miranda Miner Group, its affiliates, and contributors to this content are not responsible for any losses or damages incurred as a result of reliance on the information provided. Always trade responsibly and be aware of the risks involved.
by coachmirandaminer
4
XRP Will Surprise Many Of You📍 XRP High Timeframe (Logarithmic Chart) 👉 After Reaching 2$ Area As a Wave 1 Pivot ,It’s Almost three Years That XRP Playing At The Range As a Wave 2 ,Now It’s Time For Breakout ,Or Better To Say HUGE BREAKOUT 📈Currently The Price Playing Below The Main Trend Line Which Drew From April 2021 And By The Elliot View Wave 1 And 2 From Main 3 Completed And Currently The Price Is About To Start Wave 3 From Main 3 Which Usually Its a Strongest Wave ,So I Expect Heavy Breakout Soon Toward a 1.3$ And 3$ As a Main Targets 🔎 The Important Point About The XRP Is ,Most Of The Times Impulsive Moves Of This Sleeping Gain Was Too Fast ,For example In Last Cycle It Takes Only 12 Days To Breakout The Trend Line And Pump From 0.57$ To The 2$ Area Which Was Almost 250% Profit 🔥 XRP Will Surprise Many Of You
Long
by Bullish_Traders
XRPUSDT ( BETWEEN TWO TURNING LEVEL ) (4H)XRPUSDT HELLO TRADERS price of BINANCE:XRPUSDT inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 0.5822 and 0.6184 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 0.61844 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 0.6508 , after by closing 4h candle above it reach a resistance level (2) at 0.6939 . Downward Zone: by breaking turning level (2) at 0.5822 , the price should be trying to reach support level (1) 0.5595 , after stabilizing below this level could further support to reach of as next level at 0.5144 . TARGET LEVEL : RESISTANCE LEVEL : 0.6508 , 0.6939 . SUPPORT LEVEL : 0.5595 , 0.5144 .
by ArinaKarayi
1