I-XRP
XRP - Pending Breakout#XRP/USDT #Analysis
Description
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SCENARIO-1
+ Sudden surge in the XRP price gave some hope for XRP price and currently trading around the resistance zone.
+ breakout from this resistance is essential for the continued bullish trend
+ If the breakout from this resistance confirmed then we can enter a LONG trade.
SCENARIO-2
+ If the price gets rejected from the resistance line then next support is around 0.45 range.
+ from this support we can expect a bounce back and eventual breakout from the resistance.
+ We have a short trade opportunity once we have confirmed rejection from the resistance line.
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Enhance, Trade, Grow
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VectorAlgo
XRP (Ripple): Resistance BreakoutTrade setup : Price is in an uptrend as price has broken back above 200-day moving average. Price also made a Higher Low (above the low from early July of $0.38), which is positive. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $0.67 resistance to signal continuation of uptrend, with +15% upside potential to $0.75 next, or 2) pull back near $0.50 support for another swing trade entry in Uptrend with upside potential back to $0.67. Learn risk management in Lesson 9.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67, then $0.75.
XRPUSD Incredibly strong 1D candle. Sign of a bullish break-out?A little over a month ago (June 25, see chart below), we posted a roadmap on XRPUSD looking towards an aggressive break-out and rally above its multi-year Triangle:
Yesterday, the crypto made a massive 1D green candle (end of SEC's lawsuit), against the majority of the market sentiment and yet again it almost touched the top (Lower Highs trend-line) of the 1-year Channel Down pattern that started on the July 13 2023 High.
Just a week ago (July 31 2024), we had the last test (and rejection) of that top so a test that soon could be an early warning of a bullish break-out.
If the price breaks and closes the candle above it, we expect a W-shaped recovery that could target the 2.0 Fibonacci extension at 1.1275.
If rejected at the top again though, we would expect a re-test of the Channel's 0.618 Fib level, with a rough Target at 0.4000.
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👇 👇 👇 👇 👇 👇
XRP - TIME to make a big MOVEXRP - TIME to make a big MOVE
In a video i shared with you 2 ideas where we can take trade for continue
1st - after price fix above 0.61level
open interest should continue rising
2nd. Re-test of previous PoC at $0.51
price already pumped 40%+
a lot of retails entered. Price should make shake out before go on
$XRP to $.18 before bull marketEven with today's move higher, CRYPTOCAP:XRP is in a bear market. You can tell this by looking at the weekly chart and seeing lower high after lower high.
I think we're getting close to a capitulation move that well send price back to $.18.
Let's see what happens when the next pivots hit.
XRP INSANE NEWS! DUBAI PARTNERSHIP! 🌠 Wow wow, didn't expect to be writing an article like this for XRP, let alone so soon but here we are! This is some pretty sudden news so I'll keep it short and simple and before we start we'll put down a reference chart of what we're looking at right now on the three minute chart for XRP and I'll add some links to the articles, announcement below as well.
🌠 Much like a shooting start XRP has shot straight across the sky or in this case, straight up amongst the breaking news now of it's UAE partnership! In a shocking revelation Ripple through an official announcement has announced plans to work and partner alongside the UAE's DIFC Innovation Hub which is the innovation ecosystem of the Dubai International Financial Centre or DIFC for short. This will allow XRP to accelerate it's blockchain and digital assets innovation in the UAE as the article puts it.
🌠 For those that aren't too familiar, the Dubai International Financial Centre is the leading international financial hub in the Middle East, Africa, and South Asia, this amongst XRP's SEC case in the USA signals an expansion which as I imagine many investors will take a liking too, especially when we look at how hostile the USA, SEC more specifically has been when it comes to crypto and the digital asset space.
🌠 This marks a significant step in the path for XRP becoming a real digital asset that will one day come to affect billions of lives as Ripple continues to make headway and create new partnership's and expand, grow as it continually has since being founded in 2012. This is a huge step for Ripple and will only lead to more adoption and help Ripple establish a stronger foothold in the financial world no doubt pulling a lot more attention and eyes no doubt. I'll leave a link to one or two articles below for reference if anyone would like to read more into the news.
🌠 Wanted to get something out real quick for you guys since it seems the market's just picking up on this news and I thought you guys may like some positive news! Here are the links below as well to the announcement and some additional articles on the subject. Technically wise to keep it simple, I'm not paying too much mind, things are going to be volatile as the market takes the sudden news so we'll keep updated on that for more as usual. Thanks for tuning in as always with me and feel free to leave a like and follow for more updates as always! May you all have a blessed day.
ripple.com
www.bitcoinsensus.com
~ Rock '
XRP - MAGIC RENKO TRIANGLE📣 Hello everyone!
I bring to your attention my long-term trading idea for XRP:
1️⃣ A long reversal is likely to occur or has already occurred in the 0.38 - 0.46$ zone
2️⃣ As soon as we see a bullish breakout of the Renko triangle in my trading idea, the long-term long target automatically becomes in the 20-40$ per coin zone. Growth must be powerful.
3️⃣ You can start searching for a long entry point in the 0.38 - 0.46$ zone, or when, after an extreme correction, we see a green rectangle on the Renko chart (close >0.64$)
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❌ Invalidation level - close < 0.24$ - If this happens, we will see a full-bodied bearish close on the Renko chart below the key minimum. In this case, the growth of the asset is postponed indefinitely and this trading idea will be considered invalid!
That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your head!
Goodbye! ✊
Black Swan Incoming (Part 1)This is the start of a series I will be publishing for the rest of the year. I will focus 100% on trying to do the impossible and predict a narrow timeframe of a potential black swan event.
**The series will end and this theory will be invalidated if we break and close a weekly above the previous weekly high at 75k.**
**Fear and Greed Index (alternative.me)**
As you can see, we only have data from 2018. Nevertheless, we have data on the last bull market and rallies since then. As we can see, the index will print lower highs before rallies and bull markets.
**What we have now is a break of a multi-year uptrend on the index and currently putting in a lower low, which is not a good sign at all.**
**2Week MACD BEARISH CROSS**
The MACD has crossed bearish on the 2W timeframe five times. One out of the five times, it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%.
TOPPING DISTRIBUTION FRACTAL APPEARS
I have covered this fractal many times on my channel; you can probably find more than ten publications just on this fractal.
Why are we seeing a double-top distribution fractal again play out at the top of rallies? How many times are they going to use it? These three occasions, you can see they all happened with very similar timing from peak to peak and the first wave down.
Volume Block and Bayesian Trend
The Bayesian Trend is currently giving a 41% probability of a move higher from this point. As I'm writing this, Bitcoin has just hit the 0.618, which happens to be the level with a dominant sell order block. It's a classic move, guys: double-topping pattern into a 0.618 retracement rollover, nothing new.
Crash Zone Explained
Here is why I think "if" a black swan happens, this is the timeframe where it's most likely to happen. We have US elections, the first possible rate cut, and the start of my Fib time.
As you can see, this Fib sequence predicted the last black swan event, which was the Covid Crash. It is a very powerful sequence for predicting Bitcoin macro pivot points a year. Last year, unfortunately, was the first time it failed. Nevertheless, I still keep an eye out during these periods.
Fed cuts are not bullish, especially after long pauses above 5%. Last time we had rates at 2% when we started cutting, a multi-month downtrend began which led to the Covid crash.
NAS100 above.
**BTCBTC: Spent Volume Lifespan 7y-10y**
The total transfer volume of coins that were last active between 7y and 10y ago.
Always a useful tool to see what the big boys are doing and what we see is something pretty shocking.
Big volume in these wallets can be connected to major pivot points for Bitcoin in the past. So the largest volume output recorded before 2024 was 1600 BTC.
In 2024...............
It's the same chart, just included 2024. The output volume in June 2024 was 13,900 Bitcoin. I double-checked it; it's the reason now all the other pivot points look like a small blip on the chart.
Insane, 13,900 Bitcoin moved at an all-time high, and then we get a big move down. I guess this metric still works perfectly at finding tops.
**Crash Targets**
As you can see, we have two main diagonal supports to look at. Honestly, I do not trust any diagonal supports, but the yellow macro one has three cycle low hits, so it holds a lot of weight.
The second one, which is the orange dotted line, has two hits and will most likely fail. In my experience, when we have a very clear diagonal support and it comes down for its third touch, it breaks because everyone is looking at the same thing. It's that simple: the entire space is looking at it, so therefore it breaks and everyone gets rekt.
The golden pocket sits at 35-37k and at the macro yellow support. This is where I would say the bottom is most likely in.
If the black swan plays out all the way, we would most likely see the CME gap at 21k close. This would most likely be a hammer candle that would last seconds.
**Invalidation**
If Bitcoin were to break the previous swing high at 74k and close a weekly above it, this entire TA would be invalidated. Even if it closed above 0.618 at 67k, the chance of invalidation would increase dramatically.
XRP Long 1$- Price just took out the High and drove FOMO buyers into buying a potential breakout.
- With price dumping afterwards all stops have been ran and price does came back into the initial CISD level.
- This is the optimal long trade entry level with market being in total fear right now.
Take care and good luck.
Price reboundOn a daily chart XRP has reached a point where several potential scenarios can unfold.
Possible Resistance Scenarios:
One significant scenario is that if the price can stabilize above $0.645, there is a possibility of growth up to $0.7. This indicates the strong resistance of this level, which, if broken, can pave the way for price growth.
Possible Support Scenarios:
The key support levels for this pair are at $0.585 and $0.54. These support levels can act as safe entry steps and prevent further price declines. If the price reaches these levels and the supports hold, there is a possibility of a price rebound and growth.
XRP NIGHT ANALYSIS!🌧 Hey hey, thanks for tuning in, hope everyone's doing well, thought it'd be a good night for a quick night analysis so thanks for coming through, this won't take long and here's a reference, link to our previous idea:
🌧 In our last idea we already knew things we're going to get moving pretty soon thanks to that tug a war and ultimately we can see how bulls ended up winning with that one before that resistance kicked us back down at 0.65 thus prompting our fall, especially once we'd lost that 200 EMA.
🌧 That being said here's a 15 minute chart which should make things a lot clearer!
🌧 15 Minute chart makes things pretty clear, we see everything from the loss of the 200 EMA to our descending channel which we're in. Like I said in that previous idea, definitely watch those horizontal levels, can see just how crucial they've been and we may end up retesting 0.541 soon enough if we can't get out of this descending channel though that'll depend on when our 20, 50 EMA's decide to converge and bulls get their grip back.
🌧 Main thing I'll be watching for now is this descending channel and if we get a retest at 0.54 or keep above 0.55 in the least. Just looking for support right now and that being said if we can keep that then we'll get another go at facing that 0.60 cent level which continues to be a fight understandably.
🌧 I'll leave the idea here for now but I simply wanted to come through with that and share some quick thoughts and views is all, thank you for taking the time with me today as always, I appreciate you all and wish nothing but the best. Blessings till next.
~ Rock '
Push down for push upI believe in XRP with its backing in Japan 100% just needing regulation in USA. I believe we will see a retrace with BTC needing to correct itself for a healthy market and push up.
However in previous years we have seen XRP shoot down immensely right before take off. I believe by Nov. pushing into right before Christmas we will see the bull markets true form. All the way until half way through 2025.
Just a 4hr TA chart sold at last peak before the massive drop.
Going all in when we see XRP hit anywhere above $0.23 we can see some support at $0.43 but if that doesn’t hold wait to buy cheap.
but I believe blood in the water is necessary to create the moment we’ve all been waiting for.
Good luck and have fun with it.
XRPusing fib retracement we can see that XRP until now is repeating the history.
1- in the first triangle we can see:
- wave 1 = 1 fib
- wave 2 = 0 fib
- wave 3 = 0.786 fib
- wave 4 = 0.236 fib
- wave 5 = 2.272 fib
2- in the second triangle we can see the same thing:
- wave 1 = 1 fib
- wave 2 = 0 fib
- wave 3 = 0.786 fib
- wave 4 = 0.236 fib
- wave 5 = (?)
* in both triangles XRP made the same move until now.
* can XRP complete the same pattern and reach (2.272fib =300$)?
..
VELO: $0.022 JedMcs next Big Thing | Think BTC XRP & STELLARgoogle is your friend
and time your best friend in the next 36months ++
good luck and all the best
and remember.. always reserve 60% of capital at any levels when the handler decides
to shake down free riders and liquidate speculators to accommodate new angels whales etc
XRP decoupling from BTC? is this 2017 all over again? 10,000%?!!Last time this happened , XRP had a 10,000% Bull Run .
Bitcoin dominance on the verge of collapse
Bitcoin going down for correction while XRP is pumping
RSI non confluent
Volume on XRP increasing while BTC Volume is very Low
Bitcoin MA's all crossed to downside 20,50,100,200
XRP MA's all crossed to upside 20,50,100,200
if you have been on this coin and knowing everything XRP has been through in the past 4 years ,
then you will understand how big this is for the community and your patience is finally going to pay off .
Lets wait for more confirmation . If we see CRYPTOCAP:XRP candle close above $0.66 while bitcoin is correcting , then we will know if this is for real or not .
Best of luck.
Posted a chart of the XRP triangle fractalWe can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a small screenshot of the triangle it broke up from. Back then as it does seem to be repeating itself here. If you zoom in you can see just before it broke up from the previous triangle it painted a big red wick to the downside to fake a lot. Of traders out of their positions before finally skyrocketing up and out of the triangle. This increases the odds that the fractal of that triangle we are in now might also have a big capitulation wick that dips below the current triangle first before the breakout upwards. If we are lucky enough to get a repeat of this fakeout tactic I know I will personally be buying such a dip. Speaking only for myself of course *not financial advice*
XRP Has a Gigantic Symmetrical Triangle in Monthly ChartIn this chart, XRP is consolidating in a triangle.
All important support and resistence zones also added to the chart by Fib ext.
I believe that if XRP could reach 0.75 $ again, the next target should be 1 $.
Remember that it's a monthly chart so, it'd take some time to get there.
Every important zones in the chart, use it well.
XRP moonshot?Since April 2021 XRP has been banging on the 2/1 Gann failing time and time again.
In the last three years we hit the 2/1 Gann 5 times and failed to break it , this monthly candle is extremely bullish and we have reached the apex of this Gann triangle, the chances are we break to the upside.
Since March 2020 we have been printing lower highs on the monthly without fail.
Stoch RSI monthly buy.
Bar pattern fractal from 2015 repeating.
Very high chance here XRP breaks 2/1 this time round , there is a lot of momentum.