I-XRP
XRPUSD This 1day Death Cross is a blessing!Ripple / XRPUSD just formed a Death Cross on the 1day time frame.
This is a bearish technical pattern but last time it was formed (Dec 23rd 2022) the price was forming the bottom of the 1 year Channel Up.
The 1day MACD patterns of the two fractals are very similar.
We consider this Death Cross a strong buy opportunity. Even though one last pull back is technically possible, you can start entering now.
Buy and target near the previous High (0.9000).
Previous chart:
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☄️ XRP CRAZYJUMP! ☄️☄️ Thanks for tuning in as always ladies and gentlemen, this will be short yet concise!
☄️ In yesterday's idea I made the target for us to break 0.5146 and possibly the next level above but it seems like the market had other plans sending us up even further to 0.545 before ultimately reversing. But why?
☄️ There's no news or new developments so this is most likely the result of a short squeeze, that and the fact that volume entered in so quickly goes to show that some whale or institution started a short squeeze which cumulatively knocked out around $2.62 million in shorts bets bringing the total to $3.63 million in the last 24 hours amounting to one of the biggest short liquidations since September began.
☄️ As those short positions get sold and liquidated it helps cause an upside move alongside regular traders or people jumping in upon seeing the spike and taking the chance. That and the fact that the Ripple Party in New York is going down today and there could be some expectations regarding announcements at the party or simply hype.
☄️ This alongside the fact that we are entering into October now, I've told you guys multiple times already this month was just a bad month generally for the market and that we we're looking more towards the next few months and I mean wow, to see a move like this on what's basically the last day of the month excluding tomorrow is wild, not too unexpected but still nice to see in the least.
☄️ Again there's no reason for the spike thus it's likely just a short squeeze and possibly some traders entering in anticipating the slow shift and sentiment change as we exit what is a brutal month historically.
☄️ Said this idea would be short and that's that, If you've been with me this long then chances are you're already holding so you're fine but if you're looking to enter XRP I'd take some caution right now, especially after a big and sudden impulse wave up. We already know and have SEEN just how things commonly tend to go after these big jumps with things usually reversing a bit at least as both bulls and bears get hesitant as nobody's too sure what the next move will be. Below is the 5 minute chart:
☄️ Judging off the 5 minute chart alone can see that we've got the resistance at our 0.53 horizontal level now and unless we we're to break that things look more like we're still set to retrace some more unless we can keep above 0.526 which we've only tested twice so far.
☄️ Either way this is just one of those points to keep an eye and set some alert's if you'd like but again we're looking forward to the future, not the next hour or two. Thanks to those of you that continue to join me on this journey and keep steadfast with me. Appreciate you guys and hope you guys are doing well, thanks for being here, honestly.
☄️ I know I know, short idea, so that's it for today, thanks for stopping by as always, it's been a pleasure and till next, feel free to leave a like and follow, and most importantly, have a great day.
~ Rock '
XRP Bull Breaker - Alternate View By Popular Request (5:1 Short)My most popular idea by far, with over 70 comments in half as many hours, is this one, which I've revised in order to show the Trend Exhaustion details w/in the AVWAP Array on the 1D chart. Again, if you are a long term Bull, you won’t like it, and yet since I operate by the Steel Man principle, I welcome your toughest questions and chart-based counter-arguments.
As I always, I strive to render my ideas so that I need no words to explain them, although I can (and do) write detailed paragraphs (elsewhere).
Anyways, in the medium term, I expect price to fall to the $0.3785 shown here, which also marks the Point-of-Control from the last major swing low. Price Action already tested the positive 3rd Standard Deviation of the AVWAP from the same reference point, as shown, and will, by degrees, retest the negative 2nd Standard deviation below (+/- $0.22 USD as of this writing).
The stop loss shown here is discretionary and conservative, and should be revised for current conditions if you are considering a short trade. Closer study on lower timeframes may reveal a better entry or stop loss as the chart unfolds over time.
Hopefully this version clarifies a few details for the confused.
In practice, the Trend Exhaustion Wedge reveals stop loss and profit targets for day traders on the lowest time frames (minutes, even seconds), which are, by nature, moving targets on any given day. The AWVAP Array, on the other hand, is dynamic, and prints according to the timeframe, unlike the trend lines.
I intend to start live-streaming soon, so feel free to ask questions if you have any. Critical thinkers only ... XRP-Trolls need not apply.
Until then, be liquid!
☀️ XRP QUICK AFTERNOON TA ☀️☀️ It's been a busy week and I don't have much time right now for this idea so I'm keeping things short but it also doesn't seem like you guys mind the short idea's either, some get more likes and some get less so it varies I suppose but regardless thanks for stopping by.
☀️ It's basically been a bit of a tedious week with us even getting close to retesting that 0.492 it's clear that neither side has really gained control between buyers or sellers which has put us in this uncertain position.
☀️ That being said as of currently and most recently we can see how buyers did manage to pull XRP above that pivot point of 0.50 to where we're at now managing to avoid logging any more losses or slides down. That being said though it's obvious some whales or big entity wanted to sink us by the volume alone, selling volume was huge and that tells me some big bears made a shot but in the least to say, they failed. Especially ones buyers entered and sent us reeling back up.
☀️ What matters right now is that we did end up regaining that 200 EMA and climbed back above 0.50 ultimately. It's not just XRP either. Bitcoin itself is up a whopping $800 today so it's more of a general market boost day, even the general stock market heat map is logging a lot of green for the day so it's just one of those days and oh boy did buyers take advantage.
☀️ I have to go but what matters is whether or not we can keep above 0.50 and hopefully break this resistance at 0.51 which is our next target to break. Support point is 0.50 and current target is to break past 0.51 by which then we'll have to hold there and tackle the next opponent at 0.515.
☀️ I have to go but wanted to get at least something quick out for you guys, sorry it's just been a very busy week but thanks for stopping by of course and feel free to leave any likes or follow, just doing what I can.
~ Rock '
XRP still under 3d average as DXY continues breakout apologies again for sound issues at beginning
We can see clearly the inverse relationship between DXY and XRP
If DXY fails this breakout continuation and instead reverses (failed moves can fail fast).. then XRP can explode up from this 3d 200 average. However, as data is currently showing, there is a lot of downwards pressure being put on XRP and crypto coming into end of September
October has historically been a weak month
Its no surprise that downward pressure is the data showing coming into end of September. It is not uncommon tho for relief to be found in October start of last quarter before start of a new year.
Keep an eye on DXY and US Yields for sign of reversal in order to gain confidence in crypto
If US yields continue to rise then it will mount pressure on other weaker currencies and likely lead to a continuation in price of USD. As weve seen that price increase in USD will likely result in devaluation of crypto assets. Must keep an eye on new data as it comes out to be up to date with outlook.
XRP Daily count Elliott waveXRP expecting to continue to the upside. Wave (iv) may have ended at 0.6686 if so I expect an ascent over the coming sessions to suggest an impulse upper is wave (v). Target 1.03 - 1.12 zone
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Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
🧊 XRP EXITS THE CHANNEL FOLLOW UP 🧊 🧊 Been a busy weekend with work but we're off now so thought I'd share a short and simple idea, chart speaks for itself overall for the most part. And thanks for tuning in of course for a quick bit.
🧊 XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall.
🧊 I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest.
🧊 As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you.
🧊 We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below.
🧊 Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next.
~ Rock '
XRP Hourly Looking BullishXRP is currently a little harder to read but with many other assets looking like they are ready to turn bullish on the smaller time frames xrp is no different.
The daily is also looking bullish for xrp but no bullish divergence on the daily nor the 4 hr.
This is an hourly chart and here find some bullish divergence with what is a hopeful new low.
Current Trading Plan is a long entry from current price with a 2% stop loss
First target will be a 1/3 retrace approximately 10% higher
Second target will be a 50% retrace for a nice 25% push up.
Trade Well.....
XRP with NO space on 3d average ! Big moving incoming !!Space is a important concept to understand as can be played in numerous ways from different angles
At the moment theres no space on XRP 3d chart between the 9ema and 200ema. Or relatively little. I think of this like the theoretical big bang. Once something is too condense then expect an explosion at some point where asset price volatility expands out.
Not just lack of space that is playable
When too much space is created this too is an opportunity. With other considerations in mind (nothing holy.. look for confluence).. too much space shows that price has expanded or extended away from average(s). This is playable (when other conditions are met) in the sense of looking for a mean reversion. Price reverting towards its mean or average(s).
Again this is not holy and old averages can be left behind without any reversion but this is uncommon. These are the exceptional paradigm shifts into essentially price discovery mode.
First retrace into extended space is likely to have a nice reaction
First retrace (into 200) after an extended move can lead to a beautiful bounce or even continuation of space extending. We are in process of building a tool for this too!
Make sure to keep an eye out for current data and correspond that to relevant other assets to get a nice insight into which way to be looking.
💥 XRP EXITS THE CHANNEL! 💥💥 Real quick idea today, got some more overtime I'm doing so gotta run but this will be quick.
💥 Can see how XRP has slipped and fallen out of our ascending channel and on our 15 minute chart we can see the impact our horizontal levels continue to play out on trading from that support at 0.50 getting tested before we pulled back up to our 0.514 level on the 15 minute chart which I've linked below:
💥 I said this idea would be quick and it is, watch for that 200 EMA on the 15 minute to see whether or not we regain it but if we fail to then look to that 30 and 45 minute timeframe and keep an eye on the 200. If we lose the 200 EMA on either of those timeframes it'll likely start off a real sell-off, we just barely managed to lose the 200 earlier with that close flyby at 0.50 so bears are definitely taking advantage, especially as we've exited the ascending channel.
💥 Regardless I'm not fretting, whatever happens happens, still just focused on the long term but in the least to see a recovery like this has been real nice to see, even if we we're to fall back, we'll simply climb our way back up as we continue to do. I've got to go but have a great day and all the best till next, have to go work another job! Appreciate you guys and feel free to leave any likes or follows as always, simply helps. Till next.
~ Rock '
XRP Ripple Price Target| Binance vs SEC Lawsuit | Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for XRP is $0.18.
Looking forward to read your opinion about it!
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was back in the green on Friday after the Bulls abruptly ended a three-day win streak during yesterday’s session.
Following a low at 0.5025 on Thursday, XRP/USD moved to a peak at 0.5134 earlier in the day.
The surge saw XRP, formerly Ripple, once again make strides towards a key resistance level at 0.5450.
it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling of 47.00.
price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region.
In the event this target is hit, there is a strong likelihood that XRP will move above 0.5400.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
💥 XRP EARLY TA, CONFIRMATION 💥💥 I only have a few minutes, have to run and catch the train for some overtime I'm doing today but thanks for stopping by.
💥 With all due respect, I'd like to say I think my chart speaks for itself for the most part, only thing I've done is extend my ascending channel. In yesterday's idea we focused on the idea that we'd likely get a retracement or some form, especially if we reentered that ascending channel and it did just that even acting as a support as funny as it looks now to see.
💥 Again I don't have much time at all, but the chart speaks for itself. Just as the ascending channel has acted as a support now another possibility is if we lose it or were to slip out and below it expect some possibly sell-off or big sales granted the technical idea of things for some traders will be to exit for one reason or another but just something to note and add these markers to your own charts if you'd like.
💥Sorry I can't share much but I really have to go, thanks and have a great one.
~ Rock '
XRP/USDT 1H Interval ReviewI invite you to review the chart of XRP paired with USDT. First of all, we will use the blue lines to mark the downward trend channel from which the price emerged at the top, which is important that the exit from the channel was based on an increase similar to the height of the downward channel itself. Currently, it can be seen that the price is moving along a local upward trend line, with three resistance points visible.
It is worth mentioning that XRP is one of the few that stays above the blue 200 moving average line, and therefore remains in an upward trend.
Going further, we can move on to marking places of support when the recovery begins to deepen. And here you can see that the price remained in the support zone from $0.51 to $0.50, but it is still worth defining a second, similar strong zone from $0.48 to $0.47.
Looking the other way, we see that the price has been rejected from the resistance zone from $0.515 to $0.53, only when we manage to break out of it, we will see an attempt to increase towards the resistance level at $0.55.
Please look at the CHOP index, which indicates that we still have a lot of energy to make a move, on RSI we are staying around the middle of the range, but adding the STOCH indicator to this, we have a visible rebound when we cross the upper limit in order to gather new energy for the move.
🔥NEAR Is About to Brake a Huge Triangle❗Most of the holders of NEAR Protocol are now at painful loss. Of course, it's good for us and the whales who want to buy cheaper.
I wouldn't decline that the price will fall below the triangle for a moment, but it doesn't make any impact on a long term picture. Bull market soon!
💥remember that fear in crypto is our biggest friend
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Crypto - Key Breakout LevelSorry about the mic fuzz at the beginning.
Leave your questions & thoughts in the comments.
To sum up:
Bulls to regain control until the start-mid November at 30k levels
Bears to very quickly take over at those levels
This aligns with analysts' timing predictions of a heavy recession start.
Considering DXY likely not being stationary, 30k is a rough estimation
This aligns with analysts' timing predictions of a heavy recession start in end of 2023 or early 2024.
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔥 XRP'S ASCENT 🔥🔥 Thanks for joining me quickly! Gonna be a quick and hot idea here!
🔥 Following up from my last idea we can see how that ascending channel has continued to help XRP in it's push up funny enough. Our channel even acted as a support on the 20th when XRP buying pressure was enough to stop us from reentering that ascending channel and in turn propelled us back up to 0.52 where we're at right now.
🔥 All that is good and all of course but I did want to focus on the fact that we seem to be getting to that point of overextending away from our 200 EMA. For those of you that know me, you know that when we extend and pull away from our 200 EMA it's more often then not that we'll get a pull down by which then we'll eventually meet up with that 200 EMA again.
🔥 We did hit 0.525 but it wasn't exactly natural as we can see it was thanks to some buy entries that sent us up to that point so I'm more firm on 0.514-0.515 possibly being that pivot point. Especially as it'll now meet up with our ascending channel thus it'll either help form a support point or start off a reversal.
🔥 We've had this great rise up thankfully but I'd like to see some healthy retracement soon, after all, we know the higher we go up without some retracement here and there, the harder we can fall. There's no exact science to it other than traders like to see things occur naturally, anything other than natural and you likely won't get a natural result basically.
🔥 Keep an eye on that ascending channel, I'm expecting that we'll likely get some retracement or start off a reversal soon, especially if we come back down and reenter the ascending channel. It's helped act as good support on our way up but it can also act as a pullback now that we've had some action above and outside the channel.
🔥 So even while we're outside the channel it's had an effect on us, so imagine what happens if we reenter it now. If we reenter the channel which will most likely happen then look to the bottom diagonal line of the channel for support, we slip below that and we'll probably lose the 200 EMA and be in for a ride but again that wouldn't be unexpected, we've made it this far after all anyway. Least we know we CAN make gains and some good headwind unlike some other crypto's that are still getting smacked and barely recovering.
🔥 What I'm focused on here is the fact that XRP's recovery has been real good and it's done a good job at that versus a lot of other coins in the market. That being said we're looking at what's likely gonna be the start of a reversal or not if we're lucky but from what past experience, that's my best guess right now. Especially with Bitcoin looking like this:
🔥 Even with XRP doing it's thing if Bitcoin can't break $27,500 which in itself was already crazy enough to hit then some traders will likely start pulling profits or selling out of fear, other factors. We get that and we'll likely lose the 200 EMA soon for Bitcoin which in turn will drag a lot of the market down so want to point that out for you guys.
🔥 I'm chilling as usual though, even for September being the month it is historically, to see a push like this the past week as we wedge closer to October has been nice and good, mainly for the fact that we see there's still confidence in the crypto market even with everything that's happened the past few weeks. And that's what I've focused on. Long term as always we're still just sitting back and letting the waves go about. What happens happens, we're just focused on the future, not the next minute or two.
🔥 Have to go do some stuff as usual, life's pretty busy as usual but I'm happy to share something quick at least, so thanks for joining and hope everything's going well, appreciate you guys joining me for a bit as always, keep well and leave any likes or follows if you want, simply helps me out. All the best.
~ Rock '