XRP buy/long setupFrom where we put the green arrow on the chart, it looks like a bullish phase is formed on the XRP chart.
This bullish phase looks like an ABC as we are now in wave B of this pattern. Wave B also looks like a triangle, and now we seem to be in wave D of this triangle.
We are looking for buy/long positions on the green range. If the price returns to the green range, we will enter the position.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
I-XRP
XRP Dying Star?! Or Rising Again!?XRP has been dying for years
Relative to the space XRP has been a bad hold. In the last bull run it underperformed BTC and of course many others. It also underperformed its own previous high.
Pattern is similar to previous mega run
The lower high pattern is similar to what it made before its last mega run in 2017. It did top out late and was a market topping signal overall.. so even if not an XRP fan its worth keeping an eye on.
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise.
🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took:
🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart:
🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been.
🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment.
🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note:
🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course.
🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got.
🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do!
~ Rock '
Ripple SEC Case Enters Final Round: What’s Next for XRP?The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is entering its final phase, with the crypto community eagerly awaiting a conclusion. The lawsuit, which has kept XRP investors on edge, is now at a critical juncture as experts predict a 75% chance of an SEC appeal, potentially extending the case further and adding complexity to Ripple’s regulatory journey.
Ripple SEC Case: A Brief Recap
For nearly three years, Ripple ( CRYPTOCAP:XRP ) has been entangled in one of the most high-profile legal cases in the cryptocurrency space. The SEC initially accused Ripple of conducting an unregistered securities offering, alleging that CRYPTOCAP:XRP qualifies as a security. The stakes were high, with the SEC seeking a $2 billion penalty. However, the recent ruling by Judge Torres ordered Ripple to pay $125 million — a far lower amount than expected — which many viewed as a partial victory for Ripple.
Despite this ruling, the case is far from over. Speculation is rife that the SEC may file an appeal, challenging portions of the ruling related to institutional sales, while Ripple could counter-appeal the court’s decision on secondary market sales. According to ex-SEC lawyer James Farrell, there’s a 75% chance the SEC will appeal the liability portion of the lawsuit, a move that could delay final resolution by several months or even years.
Potential Outcomes of an Appeal
If the SEC proceeds with its appeal, it could significantly impact XRP’s regulatory status and broader implications for the cryptocurrency market. XRP has been at the center of debates around whether cryptocurrencies should be treated as securities, and the case’s outcome could set a precedent for future regulatory decisions in the U.S.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have been vocal in downplaying concerns about extending the legal battle, reassuring the community that Ripple does not intend to prolong the case unnecessarily. However, should the SEC move forward, Ripple could be forced to mount a cross-appeal, challenging the court’s decision on institutional sales and transactions related to its On-Demand Liquidity (ODL) platform.
Notably, some legal experts, such as Fred Rispoli, have raised questions about whether Ripple would be entitled to statutory interest if it wins the appeal. This could potentially force the SEC to return the $125 million penalty, plus interest, significantly altering the financial implications of the case. Rispoli also suggested that the SEC might need to cover Ripple’s appeal costs if it loses, further complicating the regulatory body’s position.
XRP’s Market Performance and Sentiment
While legal battles continue to cast a shadow over XRP, the asset has shown signs of resilience. As of writing, XRP is trading at $0.5866, up 0.89% on the day, with a moderate Relative Strength Index (RSI) of 56, signaling a potential bullish reversal. Despite XRP’s recent muted price action, the broader altcoin market, including coins like SUI, has performed well, indicating a renewed appetite for risk among investors.
XRP’s futures open interest has also risen by 1%, suggesting that market participants remain cautiously optimistic about the token’s short-term prospects. However, its trading volume has seen a slight dip, down 11% to $928.86 million, indicating that while interest in XRP remains strong, it is tempered by the ongoing uncertainty surrounding the Ripple-SEC case.
What’s Next for XRP?
The SEC’s deadline to file an appeal is looming in October 2024, and the crypto market is bracing for potential volatility in the run-up to that date. Any decision by the SEC to appeal will almost certainly extend the lawsuit, adding further complexity to Ripple’s regulatory future. The case’s outcome will have far-reaching consequences, not only for Ripple and XRP but for the broader cryptocurrency market, as it could shape how U.S. regulators treat digital assets going forward.
For now, CRYPTOCAP:XRP investors are treading carefully, with market sentiment mixed but leaning toward optimism. A positive outcome for Ripple could trigger a significant rally in XRP prices, while an extended legal battle may keep the token range-bound in the short term.
Conclusion
The Ripple-SEC lawsuit is nearing a critical point, with both sides preparing for what could be the final phase of legal proceedings. While the possibility of an appeal looms large, the crypto community remains cautiously optimistic about XRP’s future. Investors should stay tuned for key developments in October, as the case’s resolution will likely have profound implications for Ripple, XRP, and the broader digital asset market.
Can the price of XRP really go that high? This chart shows how it could be possible for the price of #XRP to reach the coveted $589 price target. I'm not a big fan of these extravagant price targets in short time periods, but I do firmly believe that they are attainable given enough time and the right circumstances.
Good luck, and always use a stop-loss!
XRP: buy📊 Analysis by AhmadArz:
🔍 Entry:
1️⃣ 0.5676 (Main Entry)
2️⃣ 0.5455 (Support)
3️⃣ 0.5232 (Support)
🛑 Stop Loss:
🔴 0.5545
🎯 Take Profit:
1️⃣ 0.5797
2️⃣ 0.5919
3️⃣ 0.6076
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💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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This chart represents the XRP/USDT (Ripple to Tether) pair and highlights two "Good Entry" points 📉 within support zones 🟥 and 🟦. Additionally, the main entry point is noted at 0.5676 📊. Here’s a general analysis with emoji annotations:
1. Entry Points:
The main entry is 0.5676 🟢.
The first support entry is at 0.5455 📉, within the blue zone 🟦.
The second support entry is at 0.5232 📉, within the red zone 🟥.
2. Price Targets:
TP1: The first target price is 0.5797 🎯.
TP2: The second target price is 0.5919 🎯.
TP3: The third target price is 0.6076 🚀.
3. Support and Resistance Zones:
0.5676 is the main entry point 🟢.
The blue support zone is between 0.5455 and 0.5260 🟦.
The red support zone is between 0.5210 and 0.5232 🛑.
4. Analysis:
If the price holds above 0.5676 🟢 and breaks through resistance 🟠, it could move towards the targets at 0.5797 and 0.6076 🚀.
Stop Loss: The stop loss is set at 0.5545 🔴 to protect against downside risks.
In case of a fallback, the price may drop back to the first support entry at 0.5455 or lower, around 0.5232 🔄.
This analysis suggests a potential upward movement 📈, with the main entry point at 0.5676 and clear stop-loss protection at 0.5545.
Feast your eyes on THE XRP MOON CHART!I've seen a metric ton of charts explaining why XRP is going to break out soon and run to new all-time highs, but I think this chart is the single most compelling chart of them all!
This is the 3-month chart, and although it doesn't provide us with an accurate breakout date, it does present a solid pattern that has been exhibited in the current wedge formation numerous times.
In the previous wedge, a drop below the trendline signaled a massive run up to the top trendline. From the previous wedge to the current wedge, and within that same wedge, each time the price dropped below the lower wedge trendline, it appreciated greatly, significantly piercing the top trendline area.
The current 3-month candle has dropped below the current wedge trendline, signaling another period of significant price appreciation to come. Since the current candle is very near the end of the wedge, it will most likely be the final appreciation period of the current pattern, not only piercing the upper trendline but also appreciating to the point that it establishes the beginning of a whole new, much higher-priced wedge in the process.
In the coming months, I believe there will come a point where XRP investors and spectators alike will all be picking their jaws up off the floor! If this plays out, it’s going to be incredible!
Enjoy the ride! It’s not getting to the top of the mountain that counts; it’s the journey that got you there that you will remember!
Good luck, and always use a stop loss!
XRPUSD: Preparing for a major move. Will it be up or down?XRPUSD is dead neutral on its 1D technical outlook (RSI = 53.714, MACD = 0.06, ADX = 26.919) as it is consolidating over the 1D MA50 but at the top of the short term Triangle. This top is also near the LH trendline of the long term Descending Triangle pattern and has been acting as Resistance since July 13th 2023. A crossing over it will push it towards the R1 level, in which case we will aim for a new +70.60% rise (TP = 0.8500).
The longer it fails to cross over the LH trendline though, the more likely it is to get rejected, at least on the short term back to the S1 level, so for now we keep a short on a tight (LH) SL targeting for the S1 level (TP = 0.5200).
A quick look at the RSI fractals of the Descending Triangle is enough to see a similar pattern after each High. The current one though is more bullish than the rest as at this stage the others had already made a deep correction towards the S2 Zone but the current hasn't, potentially hinting to a breakout. This is why this is more likely to happen now than before.
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$XRP Looking GreatCRYPTOCAP:XRP Looking 🔥🔥🔥🔥, previous 1D closed super bullish, currently on $0.5636-$0.5516 support area. Next key resistance at $0.6273. RSI on 4H and 1D looking good, good influence of #Bitcoin 's movement here, requires CRYPTOCAP:BTC to lead for uptrend. Struggling at $0.5843 as of now. Watch Given S/R
Ripple: Tug-of-war The tug-of-war between bulls and bears continued on the Ripple chart last week, with the bulls leading a small rise. The coin thus continues to trade between our two scenarios. Primarily, we expect the magenta wave (C) to fall below the support level at $0.2874. Only when the low of this movement has been established should the price turn upward on a sustained basis. If, on the other hand, there is an earlier rise above the resistance at $0.9479 (45% likely), we will already have to place XRP in the magenta wave alt.(D).
BITCOIN BULLISH TO $77,000 (NEW ATH)I still believe that Bitcoin has a chance to create a new All-Time-High in the coming months & shake out early sellers, same way late buyers have been liquidated recently.
⭕️A-B-C Correction (Sub-Wave) Completed on Weekly TF.
⭕️Major Wave 5 Impulse Move Yet Pending.
⭕️Liquidity Pending & Price Compression Pattern Identified.
Invalidation zone below previous Wave 4.
Trading Signal For XRPUSDTTrading Setup:
A Trading Signal is seen in the XRPUSDT XRP 4h (Futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.572
⭕️SL @ 0.552
🔵TP1 @ 0.633
🔵TP2 @ 0.678
🔵TP3 @ 0.736
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Approaching Key Resistance with Bullish MomentumXRP is currently trading around $0.5889, testing a key resistance level after a strong rally. The price has consistently risen, nearing the upper Bollinger Band ($0.5923), with a high of $0.5925 reached earlier today. This rally comes amid speculation on the SEC’s appeal regarding the Ripple case, with positive sentiment driving XRP upward.
Bollinger Bands: Testing Resistance
XRP is pushing against the upper Bollinger Band, indicating that bullish momentum is strong, but a break above $0.5923 will be critical to confirm further upside. The lower band at $0.5686 serves as short-term support.
RSI and Stochastic: Overbought, But Strong
The RSI is currently at 67.65, approaching overbought territory. The Stochastic oscillator, with %K at 80.43 and %D at 78.92, is also signaling that XRP is in an overbought condition, hinting that a short-term pullback could occur if momentum stalls. However, the RSI-based moving average of 67.29 suggests continued bullish strength.
MACD and OBV: Bullish Signals Confirmed
The MACD is in bullish territory with a histogram reading of 0.0004, confirming that momentum remains positive. Additionally, the On-Balance Volume (OBV) shows a slight drop of -1.656B, but this has not yet affected the upward price movement significantly, indicating that bullish sentiment remains intact.
Support and Resistance Levels
Immediate Resistance: $0.5923 (Upper BB)
Immediate Support: $0.5804 (BB Basis), $0.5686 (Lower BB)
Major Resistance: $0.6434 (August High)
Actionable Outlook: Watch for Breakout or Rejection
Bullish Scenario:
If XRP breaks above $0.5923, the next target will be the $0.60 level, with a potential rally toward $0.6434. Keep an eye on volume to confirm the breakout, as this would suggest continued upside momentum.
Bearish Scenario:
Failure to break above $0.5923 could lead to a short-term pullback toward $0.5804 and the SMA at $0.5860. Overbought indicators suggest caution, so consider tightening stop-losses.
Action Point:
Traders should watch closely for a break above resistance. If XRP breaches $0.60, it could signal a continued rally, especially with ongoing legal developments influencing market sentiment. However, if a pullback occurs, look for entries around $0.5804.
XRPUSD Is Grayscale's new Trust launch the dawn of a new era?XRP saw a jump of around +9% on Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. Unlike an exchange-traded fund, the trust will primarily trade over the counter. Trusts are also more susceptible to trading at a price that does not line up with the underlying value of the portfolio.
Could this pave way for a potential ETF? Possibly, and that would certainly put XRPUSD in the same league as the market leaders Bitcoin and Ethereum that are already drawing massive capital inflows following their ETF launch, ushering a new era for cryptocurrency.
But what we can do for the time being, is focus on the short-term technical price action alone and as you can on the 1D time-frame XRP's trend has been bearish since July 13 2023, within a Channel Down pattern.
Currently the price is past the new High, having formed a series of Lower Highs, which have emerged every time after a top. This trend-line didn't break in the past and pushed the price Lower to at least the 0.618 Fibonacci Channel level.
As a result, we can't turn bullish short-term as long as the Lower Highs hold. The action remains bearish, targeting 0.4000 (Fib 0.618). The moment however the price breaks above the Lower Highs trend-line, we will take the short's loss and turn bullish, targeting the 2.0 Fibonacci extension at 1.1275.
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XRP Short Term Price TargetIf you haven`t bought the dip on XRP:
Now you need to know that Ripple’s XRP is showing bullish potential, buoyed by its partial legal victory in July 2023. The court's ruling that only institutional sales of XRP were unregistered securities offerings, while programmatic sales to retail investors were not, has given the token a significant boost in confidence. This ruling marks a crucial milestone for Ripple, alleviating some of the regulatory uncertainty surrounding XRP in the retail market.
One factor that adds further optimism is the slow nature of the appeals process. With any higher court ruling unlikely before 2025 and a potential Supreme Court decision not expected until 2026 or beyond, Ripple has time to build momentum and solidify its market position.
From a technical perspective, XRP has been forming higher lows, suggesting a strong bullish trendline. With this upward momentum in play, I expect XRP to target $0.64 in the short term. As regulatory clarity continues to develop, XRP could be poised for further growth in the broader crypto landscape.
XRP is looking ripe for appreciation against BTC.XRP has been getting smashed by BTC for quite some time now, but the charts indicate that this may be changing. There is a very nice pattern forming on the chart currently, and the Fibonacci retracement levels are showing what could be some incredible opportunities for gains in the coming months.
Good luck, and always use a stop loss!
NVIDIA BUY CONFIRMED!As expected in previous ideas, NVDA has decided to bottom out around $100-$111.
1. You can expect price to navigate towards the upper $120’s area
2. Upon a break through $126 there should be a stock buyback pump to $138+
3. Whenever the buyback cools down, there should be an immediate sharp correction to the lower $100 range and below. Waiting for possible Q2 earnings in 2025, or another chip update.
This is all prediction good luck ;)