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I-XRP

🔥 XRP ABOVE THE TRENDLINE 🔥🔥 Nothing too long here just another quick read. 🔥 Yesterday's idea we added in the new trend line in black pointing out the significance of that and effect with us managing to keep above the trendline and pull back above 0.6499 which was followed by that leg up as support seemed to flow in with traders seeing that we avoided slipping further down below. 🔥 That being said we do still have the consolidation channel I added in from a few days ago, that channel is still gonna continue to have it's effect on us as we can see for example with the resistance in trying to break to 0.68, into the channel. 🔥 We'll simply have to see if we can regain access to the channel and possibly get another leg back up though we'll have to see. We've got a higher high on the local so that's a positive but the main thing as always the 200 EMA though again it is a lagging indicator you can always keep an eye on it through the different timeframes. Already know the impact the 200 EMA has. 🔥 I've got to leave it at that since I do have to head out but wanted to get something out there quick for you guys, thanks for stopping by as always and wishing nothing but the best to you all! And as usual any likes or follows simply help me out, doing what I can day by day. All the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
Current price retracement on xrpusd is creating right shoulderWe can see the current price retracement on xrpusd is starting to form the right shoulder of an inverse head and shoulders pattern.This means that once price bounces and gets firmly above 95 cents or so then maintains that level as support it could trigger a breakout from this inverse head and shoulders pattern. At that point the target would be around $1.55-$1.60 and if we can get tot hat level and maintain that level as strong support thats when the real fireworks can start to begin. Could take multiple weeks for this right shoulder to find its bottom and head back towards the neckline, but hopefully sooner rather than later. *not financial advice*
CAPITALCOM:XRPUSD
by DrDovetail
⚡ XRP QUICK READ ⚡⚡ Quick TA here. Following up from yesterday's idea in which we talked about that consolidation channel and the air hockey idea we can see that we did end up breaking down and out below that channel falling to our next horizontal level. Again I haven't added any new marks or notations to this idea, the ones I have are simply accurate for the most part. ⚡ 0.64990 is that current local point of action for us on whether or not we'll find support here and manage to climb back up or if we'll fail to sustain pressure and get pulled back down should we fail to regain that 200 EMA soon enough. ⚡ I have added in a new trendline which is in black to point out this sort of breakdown between what seems to be one positive and negative half if that makes sense. Can identify how the moment we slipped below the trend line we got that plunge and that seemed to be the confirmation for some traders with us even finding resistance at the trendline on the bounce back up so definitely feel free to add to your own charts. ⚡ Said this idea would be short and that's it, after a fall like this I'm just watching to see whether or not we can keep above that 0.649 or if our retracement will extend, whether or not one or the other happens will simply have to be seen. Till then I appreciate you guys stopping by as always, feel free to leave a like and follow, never hurts and simply helps me out! Thanks and all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
Market Update - November 10 2023 Bitcoin rises above $37k as ETF momentum continues: Bitcoin rose throughout the week before settling around the $37k range by Friday. The price of BTC was largely in consolidation mode early in the week, which shifted to an upward trajectory after reports surfaced that an eight-day window had opened for the SEC to approve spot bitcoin ETF applications. BTC gained about 7% over the last seven days and is now up more than 25% over the past month. Ether launches past $2,000 and BlackRock begins spot ether ETF process: After lagging behind BTC and surging altcoins, ether (ETH) saw renewed strength this week rallying above $2,000. Further bolstering ETH, BlackRock registered an iShares Ethereum Trust in Delaware, which is an early step in the application process for a spot ether ETF. Solana continues to rise gaining ~30%, and Ripple signs deals with Georgia and Dubai: Solana (SOL) built on recent gains this week, rallying another ~30% and topping $50 a token by Friday. SOL is now up over 100% over the past three months. XRP also had a positive week benefiting from recently announced Ripple partnerships with Georgia and Dubai. XRP is up ~30% over the past month, and has gained over 50% in the past six months. Crypto fund inflows surge over past six weeks: CoinShares data showed $767 million of inflows to crypto funds over the past six weeks, recording the most cash injected since 2021’s bull run. The $767 million in inflows surpassed 2022’s total inflows of $736 million. Bankruptcy judge approves Celsius reorganization plan: Defunct crypto lender Celsius had its reorganization plan approved by a Bankruptcy Judge on Thursday. The plan would establish a new entity, NewCo, backed by seed funding of $450 million. The new entity aims to be publicly listed and would be focused on Bitcoin mining and staking. The plan would also require sign off from the SEC. Repayments to creditors could start as soon as early 2024. 🧙Topic of the Week: Origins of Bitcoin 🫱 Read more here
GEMINI:BTCUSD
by Gemini
XRP RIPPLE Technical Analysis And Trade IdeaConducting a meticulous analysis of the charts reveals a retracement in XRP from its recent peak. A discernible observation on the weekly timeframe indicates an overextended bullish trend with a current pullback underway. The pivotal query revolves around the extent of this retracement – will it deepen, or is there potential for a rotation at the current level, aiming for liquidity beyond prior highs? Our video delves into diverse time frames, culminating in the identification of a prospective trading opportunity grounded in market structure, price dynamics, trend analysis, and other critical facets of technical evaluation. It's crucial to emphasize that the insights presented herein serve an educational purpose exclusively and should not be interpreted as financial counsel. Engaging in the foreign exchange market and cryptocurrency trading inherently entails a substantial degree of risk. Consequently, it becomes paramount to judiciously integrate robust risk management strategies into your trading blueprint to adeptly navigate the associated challenges.
Long
by tradingwithanthony
4
🔎 XRP STILL CONSOLIDATING 🔎🔎 Hey hey! You already know, real quick idea here for you guys and a short follow up on yesterday's idea! 🔎 Yesterday's idea had us adding in our consolidation channel following that initial exit from the descending channel (black lines) since then we've just managed to keep above that 200 EMA. I'm not going to go out here and say it's going to do this or that, you already know we keep it 1:1 here. 🔎 XRP's in this consolidation phase and for those that may not know, a consolidation is basically this sort of tug a war as I like to call them when a stock moves within one point and another sort of like an air hockey table as I like to think of it. It's a battle of air hockey and eventually we're gonna end up going one way or the other. 🔎 When you have a stock consolidating it's stuck within a sideways trading pattern/rough range. When you break out of the range up or down it can possibly start off a breakout or reversal basically which usually causes a big move like we've already seen XRP do time and time before. Until we exit the range though there's no clear way to predict whether or not we'll be headed up or down but that's why we keep it simple and note those channels and areas of interest. 🔎 Watch the channel and that 200 EMA for sure if you'd like but we already know the EMA is a lagging indicator though a good friend when it comes to confirmations so the strength that EMA will have of course will vary based on the timeframes so jump between 15 minute and 1-4 hour timeframes if you'd like. 🔎 That's about it! Again just a quick and reasonable idea as always! Thanks for stopping by as always and your constant support with the likes and follows, your support is appreciated as always. Blessings till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥dYdX is $300M Cap Altcoin That Can Turn to $1B In a 1 MonthdYdX is a DEX (decentralized exchange) which related to Binance. It doesn't grow to much such as Solana, Link and other "old" altcoins, so it means that dYdX has a great potential to grow. Its cap ($300M) is to low for such type of project and bull market will show it! The middle and bottom of the channel is a areas where you should consider long or spot purcahses. Also squeeze and trendline breakout will confirm the power of bulls. The closest targets is a top of the channel, $4 and $7 key levels. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
XRP/USDT preparing for bull move? ? 👀 🚀 XRP Today analysis💎Paradisers, get set for a promising opportunity with XRPUSDT as it faces a setback from the supply zone, suggesting a strong chance for a bullish rebound from the demand level. 💎Historically, we've seen supply transform into demand, propelling the price upward. Currently, after a rejection at the .6237 supply zone, there's a strong chance for a bullish pivot from the .5794 demand level. 💎There's also a possibility of a bullish turn from the .5575 demand level. The asset's robust position above the ema55 is signaling a potential uptick. 💎 On the flip side, should the price dip below the .5575 demand level, we could see a shift towards a bearish trend. Keep a close eye on these levels and plan your strategy with these dynamics in mind.
Long
by MyCryptoParadise
2
⚡️ XRP QUICK TA ⚡️⚡️ Hey guys! You already know what's up! Difference with today's idea is that I'm going to keep it real concise, let me know any thoughts, trying to keep the length short without sacrificing quality of course so a work in progress. ⚡️ XRP alongside the broader market definitely seems to have hit that exhaustion point following the rally the past few days, weeks understandably. We did end up getting a mountain fall understandably but it's good to see that we've formed a sort of new consolidation channel. ⚡️ In yesterday's idea we already pointed out that 0.688 would be a pivot point and the charts are sticking pretty close to that idea with us finding strong resistance now at breaking, keeping above 0.69. That being said we have managed to keep things relatively calm even managing to regain that 200 EMA on the 15 minute and breaking out from the descending channel which helped boost us back up. ⚡️ Below is the 5 minute chart which shows the sort of tug a war within our consolidation channel. ⚡️ Main thing now is to see whether or not buyers can keep things up though volume alone signifies for us that traders are definitely willing to buy above 0.66 and higher showing confidence no doubt, curious to see how things progress over the next few days but no doubt traders are watching that channel for a break to the upside or below from what we can infer currently. ⚡️ I'll leave the idea there for now but thanks for stopping by of course, really appreciate it and hope you guys do well as always. Thanks for the constant support and blessings. Feel free to leave and likes or follows as well, simply helps me out. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
8
XRP/USDT Is it break the supply area or back to retesting phase?💎 XRP has undoubtedly created a stir in the market with its substantial ascent. However, XRP is currently encountering resistance while attempting to breach the supply area at $0.736, resulting in repeated rejections. This situation makes it likely that XRP will experience a decline and return to test the demand area around $0.6 to build up new momentum. 💎 Yet, if XRP can successfully break through the supply area, it opens up the probability for XRP to continue its upward trajectory and reach our target in the major supply area. 💎 should XRP retreat to the demand area at $0.579 without demonstrating a rebound, it raises the potential for XRP to break below the demand level. In this situation, it signifies a bearish indication for XRP, and there's a likelihood that XRP will continue its descent, possibly returning to the strong demand area.
by MyCryptoParadise_Nathan
3
🌠 XRP INSANE DRIVE UP! IMPORTANT! 🌠🌠 IT'S AMAZING! I MEAN WOW! Hope everyone is doing great as always! Can't believe I'm writing up this idea, not to mention the fact that this is the start of something much bigger. 🌠 This read should just be a few minutes but it's important, and before I continue just wanted to say I'm really grateful to be a part of this. It's been a long journey the past few years but weeks like this make all the difference. This week's had a lot of developments from the Georgia Pilot project to the development with Dubai's Financial Authority authorizing the use of XRP in Dubai's financial trading center amongst some other developments the past few weeks and XRP's cases in the legal realm have given us nothing but boosts in what's been a long journey no doubt. 🌠 I'll spare you the chit chat but I'm just grateful to be able to be here and have you guys with me. Comment below how you're doing, haven't heard from some of you in a bit, hope everyone's well as always! I've added a quick technical below with two charts, the first chart is for the big picture 4 hour timeframe while the second one will be for the local, 5 minute chart. 🌠 From our 4 hour chart we can identify that we're at a real big resistance point for XRP just based off a quick look at our previous price action when we we're trading back up at this range just prior to August. So add that mark to your charts and set some alerts, could be that point for another breakout or our resistance. Either way, it's a pivot point. Below then is our local 5 minute chart. 🌠 Just based off our 5 minute chart we can identify that ascending channel and pinpoint that resistance which is already happening, the main thing to point out is that this whole time we've managed to avoid losing that 200 EMA on the low timeframe's as well as the longer one's such as the 4 hour, that's helped us get up high as we are alongside institutional investments this week. * I'm editing this section as I was about to post the idea but just noticed the major fall on the 5 minute which I'll add below to outline the importance of the ascending channel. So seems like that reversal or retracement may be starting but we'll have to see. 🌠 Historically we know XRP like's to pull up like a rocket sometimes before finding a landing zone and whether or not we'll find a zone or continue into a possible orbit is a valid question but I think the main thing that matters by this point is that technical aside. Whether or not XRP come's back down hard or just retraces a bit we know that they continue to grow and that this again is simply the beginning of something much bigger. Crypto isn't even a major part of society yet, imagine what the next few years hold for us. I'm ending the idea here but as I've continued and will continue to say, XRP keeps on pushing and doing it's work. Cheers to the wonderful Ripple team XRP has got. 🥂 🌠 I have no doubt that Ripple will continue growing and more and more institutions and nations will start taking initiatives and actions to adopt Ripple's services, the future is bright no doubt, thanks for joining me today as always, I've added a link below to an article highlighting some of the most recent developments for anyone curious. Again thanks for taking the time to join me today and please let me know how you all are, appreciate you guys as always and feel free to leave any likes and follow! Have a great and blessed day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
My projected future path for XRP.I just want to say thank you to all of my followers, both old and new! You can also help me grow by sharing my charts on social media either by link or screen shots. This is probably a great way to make myself look like a complete fool, but it's been right so far. The white arrows have been my projected path for XRP price over the next few day. In order for the rally to continue XRP must take and hold the .85 cent level. This level is crucial. We may tap it, and test it a few times, but there's also a chance that we could plow right through it. I know it sounds unlikely, maybe even a little crazy, but I think XRP will be around, or above the $1.25 level by Christmas! Keep your eye's on .85.
BITSTAMP:XRPUSDLong
by MetaShackle