XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
Again I think there are better buys in the market than XRP right now. Alts with way better setups.
Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade:
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XRP: Ascending Triangle BreakoutRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, could signal resumption of uptrend with upside potential to $0.68.
Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.45. The nearest Resistance Zone is $0.55, then $0.68, and $0.92.
SUI/USDT Technical Analysis Chart Overview in Long TermSUI Chart Analysis Overview
Strong Returns from Lows
SUI currently trades around $0.46, after recently bottoming at $0.3620. This marks a 4.6x increase from its ICO price of $0.10.
The all-time high for SUI was $1.60, representing a 16x ROI from the ICO. This shows SUI's ability to post outsized returns during bullish momentum.
Attractive Entry Zone
Even after the 4x bounce from recent lows, SUI still sits 70% below its all-time high. This suggests the $0.45-$0.40 zone is an attractive area to start scaling into a position.
Initial upside targets based on technicals and prior resistance levels are $0.62, $0.97, and $1.42.
Preparing for the Next Bull Run
If SUI can repeat or exceed its performance from the previous bull market, a rally back to its ATH of $1.60 is reasonable.
I also see potential for SUI to reach the $5 level in the next sustained crypto bull run based on its upside history.
Managing Risk
While the opportunity in SUI appears promising, proper risk management is always essential. Never invest too heavily in one asset. Keep position sizing modest and diversify across a basket of opportunities.
XRP is above the 200 d.m.a. on the weekly chart.XRP is now above the 200 day moving average on the weekly chart which is a good sign. It's not a guarantee that XRP price will rise, but if you take into account other factors, it can make it easier to time out trades.
At this point I think that HODLing long term is the best play. The dollar, and most currencies around the world are losing value rapidly, and we may soon start to see the obvious tell-tale signs on hyperinflation.
XRP - IT'S THAT SIMPLE - CryptoManiac101XRP / USD TA
The XRP/USD chart reveals a distinctive pattern over the past decade. Initially, from 2014 to early 2017, XRP underwent a prolonged consolidation, marked by a descending triangle. Contrary to typical bearish expectations from this formation, 2017 witnessed a robust upward rally, peaking around 2018, reflecting the broader cryptocurrency boom of that period. Following this surge, there was a corrective phase, with the price oscillating within another descending triangle until end of 2023.
As we approach the end of 2023 and transition into 2024, the price action indicates a strong bullish momentum, represented by the sharp upward spike. This suggests heightened market confidence or possible positive catalysts impacting XRP's perceived value. The breakout from such a long-term consolidation pattern can signal a significant trend change, implying that the upcoming November/December of 2023 and Q1 of 2024 period may see sustained bullish movement or heightened volatility as the market assesses and repositions its stance on XRP's value and potential.
⚡️ XRP BREAKS OUT ⚡️⚡️ Not much I need to say here, yesterday's idea gave us our outlooks and we can see that we got that breakout on XRP after having crossed over the diagonal resistance we called out in yesterday's idea.
⚡️ Anyway we got that break out and regained the 200 EMA managing to avoid starting off a mountain fall and climbing back up out and away from our horizontal channel. The move itself isn't a huge move but in itself the impacts is. We basically hit the end of this wedge and at that make or break point we made it rather well.
⚡️ Only time will tell what happens next but if our past price action is any indication we'll have some big resistance here at that 0.56 point which we can already see playing out. News itself isn't too bad, there hasn't been much development on the case between XRP and itself and seems more like a lot could probably be happening behind closed doors but for what we know the waters are calm.
⚡️ Resistance is definitely gonna keep us from breaking past 0.56 more than likely unless we can get some more positive news or if buyers see/feel there's a reason to keep on buying which could happen but of course that's simply hope which we can't use. I'll be keeping an eye out for a possible reversal and should we end up reversing I'll watch the horizontal channel. We already know below the channel is bearish and above is bullish right now.
⚡️ I have to get going and deal with a couple things but I hope that's alright, wanted to get a quick idea and update out there for you guys, thanks for stopping by as always and all the best till next! Feel free to leave any likes or follows, always helps me out, thanks.
~ Rock '
🌑 XRP LUNAR ECLIPSE! 🌑🌑 Pretty wild to be honest, to dwell on the fact that tonight is 2023's lunar eclipse is crazy, I won't be able to see it myself but to those that are lucky enough to see the lunar eclipse, I wish you all the best and hope it looks great!
🌑 This won't take long either and should be pretty short. I've attached a 30 minute chart below highlighting that horizontal channel so that should help with some quick visual stuff.
🌑 Been a pretty intense week for XRP with us nearly seeing that 0.60 pop up before we got hit with the reversal though I've added in that horizontal channel between 0.544 and 0.548 which seems to be that sort of make or break it points between our current market buyers and sellers. I've also added the diagonal resistance line that's been forcing us down so feel free to add that on well for the 30 minute timeframe.
🌑 Main thing right now is to just keep an eye on those current indicators for our chart. Especially as we're at this make or break it point for that 200 EMA by which we can hold and regain ground or start off a possible mountain fall. We've come up this whole way managing to avoid losing the 200 EMA with the exception of the 27th but even so we haven't quite really lost it since this whole sort of rally started so I'm curious to see how that plays out if we do end up losing it and fail to hold support/ground here.
🌑 Set some alerts, especially for0.544 and that 0.541 horizontal level I've got if you'd like to keep an eye on things. Regardless we're just looking at a a small segment of a really big pictures at the end of the day so whatever happens happens, but always positive to note the advancements XRP has made this month whether it be the case or collaborations, developments.
🌑 I'm leaving the idea there for now, go enjoy that Lunar Eclipse and have a great day! All the best till next time as always and feel free to leave any likes or follows, simply helps me, thanks.
~ Rock '
XRP will easily see a 20% to 25% gain from current levels.XRP has been on a tear this past week, and there's no sign of it stopping anytime soon! I think we will easily see XRP gain 20% to 25% in short order. I think there's a good chance that price will hit the bottom trend line of the developing wedge pattern first, but it also may not. Watch the top trend line as your key indicator, and adjust it as needed to help predict the next move up according to your trading ideals.
Good luck!
XRP is gaining momentum at a nice pace.Every XRP holder wants to see XRP go to the moon, but the problem is high percentage gains that happen quickly rarely hold. XRP is now gaining at a nice steady pace which will tender a much better final result.
Bottom line is this, we want investors, not speculators. We want long-term holders, not 5% flippers. The higher quality the investor, the greater chance that the value will hold.
XRP Price PredictionLooking at XRP's overall Price Action since its listing at Bitstamp in 2013 we can see a similar pattern evolving in the current Cycle compared to the Cycle from 2013-2017.
2013-2017 Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.00907 - the swing high of that move comes in at 0.00947
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2017-current Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up?
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.917 -
the swing high of that move comes in at 0.947
Look at the "coincidental" price points of both Cycle's Buyside Liquidity grabs...you can't make that up. Remove two zeros and you almost get the exact same price points as in July 2023.
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My guess is that it will take out the Sellside Liquidity resting at $0.28704. Maybe even trading down to grab the Sellside Liq. at $0.16918. Once it grabbed it, it will then go for another parabolic run up like we saw in 2017.
Why would that make sense with the overall understanding of the market? Like I explained in my last BNB analysis Tether will go down at one point. Inevitable. XRP won't stay up there during that moment in time.
Also think about it like this: The SEC case pump in July was a trap for retail traders to buy it up. Who sold it to them? Smart Money (the big guys). If Smart Money sold their fair share of XRP in July, then they definitely want to buy back in again, but at much lower prices, right?
Who is going to sell once we break down the $0.30 floor? Retail...Smart Money is buying it all up, then we wait & XRP will be one of the big players in the future and get another parabolic run - working with Central Banks etc. (if you want to learn more about that follow me here or on Twitter - I will post more in the near future)
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Looking at the chart from a different perspective:
Since 2017 the chart has been getting compressed. When something gets compressed over a long period of time, this pressure needs to be released at one point like we saw in 2017. The same will happen in the future. Or think about it like as if it was breathing in and out. Universal laws.
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Welcome to kingoftrades 88's way of charting.
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Nothing posted here is financial advice.
🔥 XRP GAINS MORE GROUND 🔥🔥 Hope you guys are doing well today, I appreciate you ladies and gentlemen taking the time to stop by, means a lot.
🔥 XRP's gained more ground having exited from our horizontal channel to the upside forming some higher ground and a higher high having pulled us up to that 0.53 level. I'll be watching here to see whether or not we can form a higher high or if this will be our next ceiling/point of resistance.
🔥 I expect that 0.531 level to be a bit of a blockade for us no doubt, it's good to see how these horizontal levels have basically done pretty well to keep us up to date with those support and resistance levels having done the job pretty accurately. Alongside that we look to our EMA's and can identify how we've continued to gain having avoided losing that 200 EMA on the 30 minute timeframe with our 20/50 EMA's doing the job still.
🔥 I'm waiting to see when the next pullback in but I'd set some alerts for 0.525 and 0.514 in case we reverse down to that point and get into a price war as that 200 EMA will no doubt catch up to us at one point or another so when that comes to fruition I'll be sure to keep an eye on price action. Below is also the main chart with the ascending channel having been added.
🔥 That ascending channel is what's holding us up right now but once we exit that channel I expect things to lose momentum and start the retracement. I have to go but hope that's alright, just wanted to share something quick to keep you guys posted. Thanks and all the best as always, thanks for the continued likes and support.
~ Rock '
you want to be looking at $xrp herexrp is currently hovering above a mega support block that has been a floor for over 5 years, in every previous wave so far (bullish or bearish) the most traded volume has occurred in the 0.10c-0.40c range creating a high volume node and the point of control for all xrp sales and purchases.
when the coin finally breaks the yellow diagonal and reclaims the highest monthly close price thus far, xrp will moon.
XRP likely headed lowerWe saw XRPUSD pop slightly above $0.51 three days ago on the fake news about the SEC approval of Bitcoin Spot ETF. However, these gains lasted briefly, and XRPUSD bounced off the 50-day SMA that remains hovering above the 20-day SMA, indicating a downtrend. As for other technicals (on the daily time frame), MACD, RSI, and Stochastic are bearish. In fact, MACD recently failed to stay above the midpoint and reenter a bearish zone, which is quite worrisome. Due to that, we continue to be bearish on XRPUSD and think Bitcoin’s growing dominance will keep a lid on its price. Consequently, our view that XRPUSD will mark new lows below $0.45 remains valid.
Illustration 1.01
The picture above shows the daily chart of XRPUSD and simple support/resistance levels.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Slightly bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.