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Ripple (XRP) Enters Crucial Phase: Six-Year Bull PennantDeciphering Ripple (XRP): Navigating a 6-Year Bull Pennant Towards Potential Upsurge In the realm of cryptocurrency, where price movements often resemble the ebbs and flows of the tide, Ripple (XRP) has emerged as a notable contender, navigating a six-year bull pennant formation that could herald significant price action in the near future. As the cryptocurrency community eagerly anticipates the resolution of this pattern, Ripple finds itself at a critical juncture, poised to overcome obstacles and potentially embark on a major bullish trajectory. Unveiling Ripple: A Brief Overview Ripple, launched in 2012, is more than just a digital currency; it's a blockchain-based payment protocol designed to facilitate fast, low-cost cross-border transactions. Unlike Bitcoin and Ethereum, which rely on proof-of-work consensus mechanisms, Ripple operates on a unique consensus algorithm known as the Ripple Protocol Consensus Algorithm (RPCA). This approach enables rapid transaction settlement, making Ripple an attractive option for financial institutions seeking to streamline their payment processes. The Six-Year Bull Pennant: A Tale of Compression and Anticipation For the past six years, Ripple's price has been compressing within a bull pennant formation—a pattern characterized by decreasing volatility and converging price action. This prolonged period of consolidation has fueled speculation and anticipation among traders and investors, with many eagerly awaiting a breakout that could signal the beginning of a major uptrend. With the end of the pennant coinciding with the new year, there's a possibility that Ripple could experience a prolonged squeeze leading up to a significant move. The recent clearance of stage 1 resistance marks a promising development, suggesting that Ripple may be on the cusp of entering stage 2, where short-term breakouts and upward momentum become more prevalent. Navigating Stage 2: Short-Term Breakouts and Price Momentum As Ripple sets its sights on stage 2 of the bull pennant formation, traders are closely monitoring short-term resistance levels for signs of upward movement. The recent uptick in price suggests that Ripple may be gathering momentum, with the potential for further upside if key resistance levels are breached. However, the journey towards stage 3—a critical milestone signaling a major bull run—remains fraught with obstacles and challenges. Chief among these is regulatory uncertainty, as Ripple continues to grapple with legal issues and regulatory scrutiny, particularly in the United States. The outcome of ongoing legal battles, including the Securities and Exchange Commission (SEC) lawsuit alleging that XRP is an unregistered security, could have significant implications for Ripple's future trajectory and market sentiment. Conclusion: Navigating Uncertainty Towards Potential Upsurge As Ripple navigates the complexities of the cryptocurrency landscape, traders and investors remain cautiously optimistic about its prospects. The convergence of technical indicators and market dynamics suggests that Ripple may be on the verge of a major breakout, with the potential for significant price appreciation in the coming months. However, challenges remain, and the path forward is fraught with uncertainty. Regulatory hurdles, legal battles, and broader market conditions will all play a role in shaping Ripple's future trajectory. In conclusion, Ripple's journey from compression within a six-year bull pennant to potential breakout is a testament to the resilience and innovation of the cryptocurrency space. As traders and investors eagerly await the resolution of this pattern, the eyes of the cryptocurrency community remain fixed on Ripple, with the hope that it will overcome obstacles and realize its full potential in the ever-evolving landscape of digital finance.
BINANCE:XRPUSDLong
by UnknownUnicorn2319099
4
HelenP. I Ripple can rise a little more and then it start fallHi folks today I'm prepared for you Ripple analytics. A not long time ago price broke support 2, which coincided with the support zone, and started to trades inside consolidation, where in a short time later it reached support 1. After this, XRP made little correction, after which it tried to rise back to support 1, which coincided with one more support zone, but failed and declined more until to support 2. Price, after declining to this level, some time tried near, after which it turned around and made a strong impulse up to support 2, and soon broke it also. Then XRP rose a little higher, after which made a strong correction movement until to support 2, but soon the price turned around and rose back to this level. As well recently, the price rose higher than the support zone and now it continues to grow. For this reason, I expect that Ripple will rise to 0.6100 points, after which it can make a correction movement to the support zone. That's why I set my target at 0.5845 points, which is located in this zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
🔥 XRP'S WILD RUN UP AND BITCOIN'S HALVING 🔥🔥 Hi! Been a while and all but this month hasn't exactly been what I was expecting I'll admit. Been at work just about every single day this month and between that and being sick the past week I haven't been in the best state so big thanks to those of you that are here with me today. Means a lot and it feels good to be able to post again! 🔥 Gonna do my best to keep things short and simple here. It's been a pretty wild month overall with XRP's climb up to 0.57 in which we almost saw 0.58 before moving back down after getting two touches at the horizontal level which I've highlighted with that black line. One of the main reasons we had that drop and fall back down after the 20th would likely be thanks to an Elliot Impulse Wave pattern which showed up. 🔥 I spotted a possibly Elliot Wave pattern on the 21st however was unable to post since I had to run back to work but here's the chart for that below as reference: 🔥 Also yes, I know that in Elliot wave patterns it's the third leg that is suppose to be the longest. I may have misplaced or read the chart a bit wrong but the idea still stands, I was in a rush and I had to jot down what I could. And whether or not the chart was perfectly accurate or not doesn't matter. We did in fact get that reversal and fall down to 0.53 in the days after so the pattern proved true and accurate. 🔥 With that said and done, what we've experienced over the last week or so is more than likely thanks to Bitcoin's halving prospect as things amp up. Yesterday alone Bitcoin hit that $60,000 mark. A number which many people doubted would ever happen again and yet surprise surprise, it very much did and with a pace like none could expect. With that having happened you can bet a lot of the crypto market followed en route pulling some serious gains such as Ethereum hitting $3,300 and XRP hitting 0.60 cents. 🔥 Personally, I see most of these gains driven thanks to Bitcoin which would only make sense, there hasn't been any significant news on XRP or some of the other cryptocurrencies which have seen gains over the past few days so my thoughts are that it's Bitcoin driving these right now which isn't too bad either. At least not in my mind. 🔥 Definitely gonna give things a few days and see how the market reacts as we'll have to see if Bitcoin can hold above $60,000. That's the most important thing right now to watch for, any other crypto is more than likely going to be influenced by that so keep your eyes peeked for any news or that $60,000 number. It's a strong number that's gonna be looked at closely for traders and big firms alike. 🔥 Said I'd keep this idea short and I will. That's it for now but thanks for tuning in as always, sorry it's been so long again, just haven't really had any time to catch my breath this month let alone post so thanks for bearing with me. Really appreciate it. All the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP/USDT 1DInterval ChartI invite you to review the chart of XRP in pair with USDT, on a one-day time frame. Let's start by identifying the main upward trend in which the price is moving. However, since the last bull market, it is clear that we managed to come out on top from the downward trend line, and currently we are moving in a triangle and we can see here the fight against the upper limit and that we are getting closer to leaving the triangle. Looking at a possible exit from the triangle upwards, we will use the Fib Retracement tool, thanks to which we can see a very important resistance at the level of $0.93, from which the price bounced during the last upward movement, then we may have an upward movement to the level of $1.33. Looking the other way, we see that the price has remained at the support level of $0.53, but if the price goes below the indicated support, the next support is at $0.42, and the third support is at $0.29. When we turn on EMA Cross 50 and 200, we can see a downward trend, but there is a visible movement of the yellow line EMA Cross 50, which begins to reverse, which may give an upward trend again. The RSI indicator shows that there is still room for continued growth, while the STOCH indicator shows a movement that is approaching the upper limit, and when it exceeds it, it is worth being cautious in case of a correction.
by cryptodailyuk
XRPUSD, Crypto GEM is About to Form a Huge Bullish Breakout.Hello There! Welcome to my new analysis of XRP from the daily timeframe perspective. XRP recently caught my attention because it is forming a hugely bullishly inclined formation that has the potential to convert into a massive bullish breakout once the formation has been finalized. Especially as the XRP number is growing further and XRP is becoming more and more popular this is a bullish sign adding to the current scenario. When looking at my chart now XRP is forming a highly important formation here which in almost all of the cases is a sure indication of a major bullish breakout to follow through. This formation is called a bullish descending wedge formation and such a formation is completed once the wave count from A to C has completed with the final wave C and the bounce in the lower boundaries. Currently, XRP is already approaching the main structure support levels from where a major bounce is likely to follow through within the next times as it is marked within my chart. Once XRP has done so the final bounce above the upper boundary of the descending wedge is going to mark the fundamental origin of a huge bullish expansion wave to follow up into the upper directions. Once the whole bullish descending wedge formation has been finalized this will activate the minimum target zones seen within my chart in the upper boundaries of the primary bullish channel formation. Once the final target zones have been reached and the bullish volume and momentum hold on XRP will easily move above these levels and accelerate the trend dynamic. Thank you everybody for watching my idea about XRP! Support is greatly appreciated. VP
CRYPTO:XRPUSD
by VincePrince
12
Xrp appears t be breaking up from a 4hr timeframe invh&sAs always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the next few days to a week or two, however we can see the pump is currently running into some long standing resistance that it may take quite a few retests on before it can break through those and head to the full target. The good news is, in reaching the full 59 cent target by breaking above the current resistance, we will likely also trigger/validate the breakout of a much bigger higher time frame chart pattern or 2 that should hopefully create a domino effect and send price soaring in the near future. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRP - Ready for breakout?Hi, this is my new update for XRP. Finally XRP is moving higher. Right now XRP has a big resistance around 0.59 - 0.60 and at the same time we have also down trendline. The good news is that we held the uptrend very well in the last 6 months and the price is getting very tight between the up trendline and down trendine. Since the market is very bullish now I expect that we are going to break the trendline and move much higher. Once we break the resistance 0.60 the next stop is 0.71. As long as we close daily candle above the 100 & 200 SMA things are very bullish for the next couple of weeks, so be patient good things take time.
BITSTAMP:XRPUSDLong
by GOAT1375
LITECOIN ON THIS DAY 7 YEARS AGO WENT STRAIGHT UP FOR 14000%The chart speaks for itself. This is the beginning of the massive parabolic rally for Litecoin. There is going to be massive swings on the way up so be prepared for that as people take profits thinking they know where the top is. Psychological numbers like $500, $1000, $2000 etc those may be stall points and drops but it'll quickly rebound. Once all the Bitcoin is bought up what do you think these big players are going to buy? You think they will buy all these unregistered securites or will they buy the crypto that has the green light by regulators? I think the answer here is simple. This next cycle will last longer and this target of around 10k could actually be just the first stop before going higher, I dont know. Once Litecoin enters price discovery, there is no telling where the top is. Im assuming around 10k unless it gets as much adoption as Bitcoin or close to then the price could be closer to $50k. Call me crazy I dont care, I dont care about your market cap nonsense, or Litecoin is useless or dead, or whatever. Go elsewhere this is not the place for you. We are way ahead of your little mind, we know what is about to happen and we'll see you at the top. Bring a washcloth to clean your face
BINANCE:LTCUSDLong
by Bitgolder
21
Ripple can bounce up from support line of pennant to seller zoneHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price recently started to trades in the range, where soon price declined to the 0.5070 support level, which coincided with the buyer zone and then continued to rise. But when it reached the top part of the range, XRP turned around and declined lower than the 0.5070 level, thereby exiting from the range. After this, the price started to rise in an upward pennant, where it at once rebounded from the support line and rose to 0.5070 level and in a short time broke it one more time. Then XRP some time traded near this level and later made a strong upward impulse to the resistance line of the pennant, breaking the 0.5570 resistance level, but soon price turned around and declined back. Also, price tried to back up to the resistance line, but failed and declined to support line of the pennant. But recently it rebounded from this line and started to rise. So, now I think that Ripple can correct to support line of pennant again and then rebound up to the seller zone, breaking the resistance level. For this case, I set my target at 0.5635 points inside the seller zone. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
(Last Chance) XRP seems pretty safe with a 30% min upside. The top looks like it's about to pop off on XRP, god knows when. Its been moving up a small channel for a while so the extreme price gains will come (if they do come) off a steady, seemingly reliable, bullish foundation. Based on that, I'd bet on it hitting the top of the channel again which would give you 30% if you get in now. However, since the bitcoin halving is April and XRP's gonna take some time to make that 30% it could possibly blow mid way, meaning it ain't coming back down (to the bottom of the channel) Basically, the next 4-8 weeks is probably the last time you can get into XRP before it makes a big move and even if it doesn't you can hop in now for 30%
Long
by Shemtrader
2
Ripple Stronger- Ok Ripple is back. - Maybe the SEC will one day give up trying to perma-suppress XRP market to protect the big banks. Little facts : -------------------------------------------------------------------------------------------------------------- - XRP lost -96% from his 2018 ATH and bottomed hard around 0.12$. - XRP lost only -86% from his 2021 last ATH to find a bottom around 0.28$. - During those 2 years of bear market, XRP stayed most of the time very strong and resilient. - Nothing was tremendous ( as it should be ), XRP just climbed with steady regularity. - XRP stayed in the TOP5 of the Total Market. - That's much better ! -------------------------------------------------------------------------------------------------------------- - So what we can expect for the next bull run ( if we don't have again a FUD at the bad time ) - We have to keep in mind that XRP have 100B Supplies. - XRP price could grow at a maximum of 7$ at the end of the next rally. - That would be around +2400% from the 2022 last bottom. - His MarketCap could grow around 700B$ ( same as actual BTC MarketCap) -------------------------------------------------------------------------------------------------------------- Happy Tr4Ding!
KRAKEN:XRPUSDLong
by thecryer
2
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world. Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
11
Ripple flush then reclaim range EQ - Game OnXRP has been ranging, like it or not, for the past few months. Blue range high and low signify the parameters price has respected and I do not expect this to change. What I would expect, is a potential flush into the deman zone (green) preceeding a push up to the mid-range with a reclaim and push to the range high. This is contingent on the fact the altcoin market, as a whole, remains steady and relatively strong ie: no BTC/ETH cap events. Ripple loves flushing the lows before pumping, so this is a cautious play I am watching. The more optimistic scenario is we don't flush into green and simply continue this trend up the the range eq and highs. Time will tell, price current making a decision on the local S/R in red. Stay frosty. Vatsik
CRYPTO:XRPUSDLong
by cryptovatsik