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XRP Price Eyes $0.70 TargetCRYPTOCAP:XRP , the digital asset associated with Ripple, has recently witnessed a significant uptrend, reaching a new 2024 high of $0.65. Amidst this surge, developments in the ongoing SEC v. Ripple lawsuit have added complexity to CRYPTOCAP:XRP 's price dynamics. Ripple's Influence on XRP Price: Attorney Bill Morgan, a Ripple proponent, suggests that Ripple's influence on CRYPTOCAP:XRP 's price may gradually diminish as the payment remittance firm's holdings decrease. Ripple's strategic move to lock nearly 55% of CRYPTOCAP:XRP supply in escrow aims to enhance predictability and reduce volatility in the market. This development could potentially mitigate negative impacts on CRYPTOCAP:XRP 's price, fostering stability and investor confidence in the altcoin. Technical Analysis and Price Outlook: CRYPTOCAP:XRP 's price momentum remains bullish, with the altcoin surging towards its December 2023 peak of $0.70. Technical indicator, including the Moving Average Convergence Divergence (MACD), support CRYPTOCAP:XRP 's recent gains and reinforce the bullish thesis for the altcoin. To sustain its upward trajectory, CRYPTOCAP:XRP must surpass resistance at $0.6501 and establish it as a support level. Additionally, the altcoin could find support at the 78.6% Fibonacci retracement level of $0.6148 in the event of a price decline. Legal Developments and Market Sentiment: The ongoing SEC v. Ripple lawsuit continues to influence market sentiment and investor confidence in XRP. As legal proceedings unfold, clarity on XRP's regulatory status could potentially alleviate concerns and pave the way for broader adoption and investment. However, uncertainties surrounding the lawsuit remain, underscoring the importance of monitoring legal developments and their impact on CRYPTOCAP:XRP 's price dynamics. Conclusion: CRYPTOCAP:XRP 's recent surge to new highs reflects both positive market sentiment and strategic developments by Ripple to enhance the altcoin's stability and predictability. While legal uncertainties persist, XRP's resilience and bullish momentum position it as a formidable player in the cryptocurrency landscape. As investors navigate the evolving regulatory landscape and market dynamics, XRP's trajectory will continue to be shaped by legal developments, technical indicators, and broader market trends. Amidst this dynamic environment, staying informed and vigilant is crucial for assessing XRP's potential and navigating opportunities in the crypto market.
Long
by DEXWireNews
XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought. The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again. The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall. In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
by MarsSignals
XRPUSD Fractal Suggests Breakout to $7.70 Imminent The first chart shows XRPUSD from May 2017 to Dec 2017. The second chart shows XRPUSD from early 2021 to current. Both charts start off with a "U" shaped dip and rise, followed by a slow decline to the support level of the "U" (shown by a white sine wave). The yellow curve on both charts shows price dropping below this bottom to a new low. Purple line marks higher highs with 2 notable jumps, shown in orange. At the end of the first chart, XRPUSD breaks out and goes from about $0.20 to $3.30, an increase of 1500%. If the second chart also follows the same break out from current bottom of higher high trend line, which is $0.50, a 1500% increase puts the target price at $7.70. Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
BITSTAMP:XRPUSDLong
by Sikbh
3
Ripple can continue to move up in upward channelHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago started to trades in the range, where it tried at once to rise, but failed and declined to the bottom part, which coincided with the buyer zone and 0.5300 level. After this, XRP some time traded in this zone, and last time it rebounded up to the top part of the range, which coincided with the 0.5940 support level with the area. But the price at once bounced and made impulse down to 0.5300 level, after which it started to rise in an upward channel, exited from range. In the channel, the price rose to the support area, breaking the 0.5940 level, but soon made a correction below this level. Later, XRP broke the 0.5940 level again and rose to the resistance line of the channel, after which it rebounded down to the current support level. But a not long time ago price bounced from this level and continued to rise in an upward channel. So, now I think Ripple can make a small correction movement and then continue to grow to the resistance line of the channel. For this case, I set my target at the 0.6930 level, which coincided with line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
XRP Cup & Handle is playing out PERFECTLY!The XRP Cup & Handle formation that I identified a while back is progressing very nicely on the daily. It has now broken out of the handle formation, and will most likely be working toward the upper rim line at the .5744 level. Once broken, we can reasonably assume that XRP price will continue it's bullish move to the .6155 level, and the .6496 levels respectively. Good luck, and always use a stop! *** I apologize for the repetitive post. Tradingview has taken this chart down twice now.
by MetaShackle
LUNC Luna Classic Is About To DieA lot of these tokens in the next couple years are going to bleed out to zero. With the new Bitcoin ETFs and big money in the space they arent buying Luna, or BNB, or name your coin. They are buying what regulators have allowed them to buy. So far thats only Bitcoin,Ethereum, Litecoin, and Bitcoin Cash. This next bullrun will be utility, and regulatory based for the big players. People holding these tokens like LUNC are going to eventually dump. Luna will never go to even a penny never mind a dollar. Its looking extremely bearish to me. Maybe one more dead cat bounce before Luna falls into the shadow realms. LUNA wont be the only one suffering this fate either. This next bullrun and after is going to delete most of the crap out there. You'll always have the casino where people play hot potato with the meme coins that come out every minute of the day. Real money is not going into this stuff though. Good luck and I wish you all the best, hate to see LUNA get rugged a second time, that would be some serious salt in the wounds. Not financial advice. Descending triangle and Stoch RSI pointed straight down.
KRAKEN:LUNAUSDShort
by Bitgolder
9
XRP/USDT Bullish Leap from Demand Zone? 🚀Ripple💎 Paradisers, get ready for an enticing trading prospect with #XRPUSDT, as it's positioned in a demand zone, hinting at an upcoming bullish shift. 💎 Observing #RIPPLE momentum, it's been riding an upward trend from the pivotal support at $0.5213. Currently, as the price edges closer to the resistance at $0.5405, breaking and holding above this barrier could signal a climb aimed at overcoming the overhead bearish Order Block. 💎 Should the #XRP wane, a bullish resurgence from the established support at $0.5179 might be in play, with a descent below this point potentially triggering a notable slide.
Long
by MyCryptoParadise_Simon
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