XRP/USDT ReviewHello everyone, I invite you to review the XRP chart on an hourly interval. As we can see, the price went down and entered the local downtrend channel. What's more, we see that there was an attempt to return to the uptrend, above the Cross 200 EMA, but it failed.
Let's start by marking the support spots for the price and we see that first we have a support zone from $0.6311 to $0.6249, but if the price goes lower then we have a second zone from $0.6150 to $0.6078, then we can mark strong support at $0.5990.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rebounded. Next we can mark resistance at $0.6594, next resistance is at $0.6678 and then towards the resistance at $0.6798.
The CHOP index indicates that there is still energy for movement, the RSI is near the middle of the range, which may give a greater price rebound, and the energy on the STOCH indicator has run out.
J-xrp
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, which fell by as much as 5% during today’s session.
After peaking at 0.6623 during yesterday’s session, XRP/USD plunged to a bottom at the 0.6253 level.
XRP, formerly Ripple, has been on the decline since its peak of 0.9479 on July 13, which was a 20-month high.
The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region.
In the event momentum remains bearish throughout the week, XRP could be moving towards 0.5000.
I have tried to bring the best possible outcome to this chart.
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XRPUSDT Defies Gravity with 50% Growth Potential💎Following our previous analysis on #XRPUSDT, we can observe a significant development in the price action. The decline was halted at the uptrend trendline, coinciding remarkably with the Volume Profile support level. Notably, prior to this, there was a strong rejection of the 200 Simple Moving Average, establishing a crucial support level at $0.41.
💎As long as this support level remains defended by the bulls, and the Volume Profile support and uptrend trendline continue to be respected, the probability leans in favor of an uptrend continuation. Paradisers, it is essential to acknowledge that #XRPUSDT faces a formidable resistance near the $0.55 area. However, considering the aforementioned factors, the odds currently favor the bulls.
💎Taking all of this into consideration, we can anticipate a potential price increase of 30% to 50% for #Ripple in the coming weeks. It is worth noting that key resistance levels, as often observed, are based on Fibonacci retracement indicators. The nearest Fibonacci resistance level sits at 50%, while the second and most significant level is located at 61.8%. Intriguingly, if #XRP surpasses the 61.8% Fib level, we may witness an exponential price surge of 100% or more.
💎To summarize, a buying opportunity with a strong risk/reward ratio is apparent. However, it is important to consider factors such as multiple bounces off the supply area, which slightly diminish the probability of an uptrend. The MCP team remains vigilant, and #Ripple could potentially be one of the first coins to experience significant movement in the near future.
Revisiting XRPUSDT after our last bullish forecastIntroduction and Context:
💎Since our last analysis of #XRPUSDT, there's been a lot of speculation about the next moves for #Ripple. A month has passed since the pullback, and it's time to delve into the price action once more.
Understanding Key Zones:
💎The previous supply zone around $0.6 has transitioned into a demand zone. This shift indicates that this area might attract buyers.
Conversely, the supply near $0.9 has been staunchly defended by bears. This sets the stage for a trading range with support at $0.6 and resistance at $0.9.
Fibonacci Insights:
💎The price has touched the 61.8% Fibonacci level, a common retracement point. This is significant as it often indicates potential future price movements.
Trend Analysis:
💎The prevailing trend for #XRPUSDT is bullish, characterized by higher highs and higher lows. Given this trend, there's a higher likelihood that the price might ascend again, targeting the $0.9 supply zone.
Potential Downward Movements:
💎If #XRP were to break below the demand zone, we could anticipate a drop towards the 88.6% Fibonacci support level at $0.47. This could be followed by a period of consolidation before any potential uptrend continuation.
Bullish Outlook Invalidation:
💎A significant bearish indicator would be if the price breaks below the $0.41 support. This level is crucial as it's where #XRPUSDT previously bounced off both the uptrend trendline and the 200 Simple Moving Average. It also represents the previous lower low. Unless a new lower low is established, the outlook for #Ripple remains bullish.
⚡ XRP FALLS BACK BELOW. QUICK TA ⚡⚡ Thanks for joining me ladies and gentlemen, today's idea is gonna be pretty clear cut and quick so let's not waste any more time.
⚡ XRP fell back below the main diagonal resistance we added just a few days ago and tumbled back down like I said would most likely happen if we did end up falling below. While that hasn't been too great it's just the market doing it's thing and what matters is that XRP has managed to keep above that 0.62 threshold managing to hold the line in a sense.
⚡ And for anyone interested here's last night's chart I saved just before going to bed, this was nearly 12pm so overnight when trading volume dropped bears took the opportunity and sent us back down the diagonal with a semi-big sell order dropping things.
⚡ That was basically all that was needed and what immediately followed was the tumble back down with another big sell order/set of orders, stop loss orders, etc. Wasn't able to post at night since I was going to bed but wanted to at least save the chart and see what the progression would be in the morning which we now see as having found support above 0.62 thankfully.
⚡ We basically lost our duel again with our main foe here but at one point or another we're gonna beat the hell out of him and move on by, I don't doubt that. First of all though we need bitcoin to break back to $30k, Bitcoin made a push to it last night before failing and falling back to $29,300-400 level's as of currently dragging much of the market down with it. That alongside the SPX continuing to fall today and stocks moving rather sluggish signals to me that traders are sort of in a zone of hesitation, fear which is understandable.
⚡ I have to go attend to something personal but wanted to get this quick idea out in the least, target is to stay above 0.62 and there is no direction, just up is the hope but below 0.62 we likely fall more to 0.61 or 0.60. Feel free to set some alerts if you'd like ofc there. And as always feel free to leave a like and follow, never hurts and simply helps me out, thank you.
~ Rock '
xrp---> what happen after pump?!hello guys...
I choose the weakly time frame to show you this detail!
you can see the xrp break up the descending trendline and break out the rectangle, as you can see the target of the rectangle was 0.66 fibo level touched,
so let me go another time frame!
be with me!
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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WHERE WILL XRP GO? (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
Although it went up very wildly, but it reached the red drawn resistance that I had specified, it was rejected.
Now correcting for our diametric F wave. If it reaches the green zone, you can buy for the rising G wave
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
☁️ Forecast for XRP ; Downside Risk; Shorting Opportunity? 🤔Clouds ☁️ or rain 🌧️ loom over Ripple’s XRP due to potential setbacks in the ongoing court case against the US regulator.
This hints at a slightly bearish market with downside risk in the near and medium term (3 days to one week).
Follow us for more crypto weather reports!
Ripple XRP price has not yet gained the "strength" next riseA bit of time has passed since the rapid rise in the XRPUSDT price and emotions have calmed down, so it's time to take a rational look at the chart.
The previous XRP price increase was surprising only in terms of the time it took to work out, but not in terms of price targets.
Looking at the XRPUSD price chart now, it seems that the correction of the previous growth is still too small. Accordingly, the correction should continue, and the price of Ripple should fall.
After this paragraph, here going to get a lot of dissatisfied "XRP believers" :)
So let's put it this way: with our personal money, we would be ready to buy some XRP for our investment portfolio no earlier than the price zone of $0.59-0.61.
And after that, hold it and wait for the next x2 growth with a desire to sell it in the price range of $1.15-1.25
P.S:
At this stage, we consider "wet dreams" about the price of XRP at $5-10-100 or even $300, to put it mildly, inappropriate. Because then Ripple's capitalization will be larger than BTC, the entire crypto market now, than the capitalization of gold, the US government debt, etc. Hopefully, you have caught the logic and critical thinking.)
But if "somehow" the issue and supply of XRP coins is denominated 100 or even 1000 times, then miracles can happen)
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🤺 XRP MEETS OUR FOE ONCE AGAIN! 🤺🤺 Quick but important idea! Thanks to everyone who tuned in yesterday as well, guys really showed out with the support so thank you for everything, happy to be here for you as always and without further a due ladies and gentlemen, let's chart.
🤺 For today's we'll use a spar emoji, fits appropriately considering XRP's managed to pull up to it's much anticipated fight/foe being that major diagonal resistance line that's held us back so much. Below is the 15 minute chart which is the same as yesterday for the most part aside from a quick annotation of the duel point and a clear view of what's in store.
🤺 XRP's managed to pull up the plane and hit some good height's but that's brought us to our foe which we added in yesterday's ideas the main resistance. That solid black line is our foe. It's what has basically been suppressing XRP prices the past few weeks and prevented us from regaining any solid ground.
🤺 This is the foe we need to beat if we want to continue up or with anything in any manner basically. Till we beat this, we'll keep having to fight and face selling. Consider this a pivot point, it may be diagonal but it still is. We already see how we managed to cross above before getting pulled down to where we've got that fight between the bulls and the bears.
🤺 Bears are trying to pull us back down below while bulls are fighting to keep us above the line as well as the 0.65 level. We're at a pretty pivotal level being that this is where our 0.65 horizontal level and main diagonal resistance lines both intersect and we already know how that can help contribute to a fall or breakout so definitely would set some alerts for 0.6485-9 and 0.653.
🤺 We could also end up sideways trading a bit or forming a new consolidation channel but with us being at the main resistance again something dramatic is most likely gonna have to happen, the last few times we failed to break the resistance we basically tumbled back down so if there's ever a point we want to fight it's here.
🤺 That's basically it today, we just want to keep above the support though that won't be as easy with Bitcoin pulling down some of the market after forming a double top on the local failing to break above and sustain $30,000 so that'll be a challenge for sure but XRP still being up where it is shows that the correlation between XRP and BTC is getting weaker which is great to be honest, doesn't mean it isn't still affected but goes to show XRP's got some strong grip in this battle.
🤺 Set those alerts and if you've already added the marks from yesterday's you should be set analytically. I have to go deal with some personal things but thanks for joining me as always, and remember I'm not financial advisor, just someone who I guess you could say likes looking at squiggly lines and drawing. Always do your due diligence and stay blessed. And feel free to leave any likes or follows, only takes a second and goes a long way with helping me out!
~ Rock '
🔥 XRP REGAINS THE LINE! AND MAIN RESISTANCE! 🔥 🔥 You guys thought I wasn't gonna post today? Sike! Of course I made it! After all, you guys have made it this far enough with me tuning in everyday so thanks for the continued support as always. And sorry for the delay, been busy cleaning the house and helping out the family today but that never stops us, happy to be here and thank you for joining.
🔥 This won't be a long idea anyway but it'll be a good one at least. In yesterday's idea we pointed out the resistance line that was holding XRP back/ we we're having trouble breaking and here's the link to yesterday's chart below for anyone that may have missed or want's to see the before/after.
🔥 The chart aside now I'm happy to see that believing did the trick in a way and we got this good bounce in the market today with Bitcoin regaining/touching that $30,000 mark again today which has been positive pulling up a lot of other crypto's with altcoins leading some of the biggest gains such as XRP notably extending to 0.647 on our 30 minute chart below:
🔥 On the 30 minute chart we should pay mind to that 0.649 mark now being that we've already hit resistance there and that was basically the point from which we had our most recent quick sell-off happen once we fell below 0.650 and the buttons just started hitting sell basically. So add that as a new horizontal level for the local in the least.
🔥 One more thing I want you guys to add is this new solid black line I've added to the chart. Meet our opponent. I don't have any specific name just yet but we'll just say it's an opponent in the least. We just saw how we've broken out from this recent diagonal resistance on the 30 minute but here's our main resistance. Consider the 30 minute our 50 or 100 day ema. And this resistance on the 3 hour chart much like our 200 EMA.
🔥 The 200 EMA line always has a much more significant effect when crossed above or below compared to the 100 or 50. The same goes here. This new mark is gonna be that significant catalyst/allow for a breakout if we can break past it. That or it'll continue to act as a resistance. I haven't done a big picture chart in a few days and thought this may help you guys a bit. Feel free to let me know your idea's below.
🔥 I have to get to some online classes so I'll see you guys later but feel free to leave a like and follow as always, only takes a second and really helps! Have a great day.
~ Rock '
XRP 4HR Analysis: Key Levels: .60 and .66 4HR 200 Moving AverageXRP is currently consolidating underneath a zone created by the BIG run up it had around July 13th.
Next we will make another push higher to and above .66 or get a clear rejection sometime soon down to under .60
Alerts set at .60 and .66
Once Triggered I will watch the 1HR timeframe to anticipate the next move.
XRP Outlook: ☁️ with Downside Potential as Pressure Persists 📉XRP faces clouds or rain in the next 24 hours. ☁️ This translates into a slightly bearish market with downside risk.
Over the next week, XRP is anticipated to face sustained pressure, potentially resulting in a downpour of challenges for this particular coin. 🌧️
Follow us for more crypto weather reports!
📈 XRP SUPPORT TA 📈📈 Nothing much today, just a quick and short idea, but thanks for joining as always ladies and gentlemen.
📈 XRP is still hovering just above that 0.61-0.60 level of support even amongst some rather strong selling though we have had a dip below 0.61 as represented by the chart below:
📈 We can attribute the dip to a large sell order before buyers bought that up pulling us back above 0.61 but with our 20/50 EMA's still not having flipped back definitely wasn't possible to keep that up momentum.
📈 Majority of this price action is thanks to Bitcoin, today's the first day we've seen bitcoin fall below $29,000 since it's run up in June so that's led to a big drop overall in crypto from eth to xrp of course.
📈 We're still seeing that support though above 0.60 overall though things are pretty stressful admittedly. We're just barely keeping above and with low volume right now things aren't exactly too great but I still believe.
📈 This alongside the news that Ripple has indeed joined the International Swaps and Derivatives Association (ISDA) which places XRP in a derivatives market that itself is valued as $1.2 quadrillion joining other major financial systems/ institutions ranging from Goldman Sachs to J.P. Morgan. The association is composed of over 1,000 institutions which span over 79 countries and sets benchmarks, guidelines for the global derivatives market.
📈 Ripple's position in ISDA will be of an associative type which typically involves entities that'll be of significance in the derivatives market infrastructures. Such includes entities that include solution providers, exchanges and technological solutions.
📈 Here's the link to one of the articles below:
timestabloid.com
📈 And here's another to the ISDA site and person of contact.
membership.isda.org
📈 Things are bumpy right now no doubt, but that's to be expected, we're not here anyway to look at the short term but the future. Future overall continues to get brighter as XRP continues to expand it's roots and form new partnerships. There's no target or direction, just the goal to keep above 0.60. Below 0.60 or below that 0.598 point and expect a possible sell-off.
📈 Before I end this, just want to say as always this isn't any financial advice, nor am I a financial advisor, please do your due diligence before making any trades or actions. And thank you for joining me today, appreciate you guys as always and feel free to leave any likes or follows, only takes but a second. Thank you.
~ Rock '
XRP: Bullish Pennant BreakoutRipple (XRP) technical analysis:
Trade setup : Following a breakout from a Descending Triangle, price spiked up massively to $0.92 resistance on favorable legal ruling. This level also acted as resistance way back in early 2022. However, it got very overbought (RSI > 80) and saw selling pressures from some profit taking. Price has consolidated in a Pennant pattern but broke out of it bearishly (below support), which could open up further downside to $0.55 support next. Fibonacci Retracement support levels are $0.70 (50%) and $0.56 (78%).
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.55, then $0.45. The nearest Resistance Zone is $0.68 (previous support), then $0.92.
🔥 XRP Ultimate Game Plan For The Next Bull-RunIf you enjoy this analysis, please give it a like and a follow.
With XRP's lawsuit behind us, a lot of the bearish sentiment has been cleared. Still, it appears that this event had little staying power with the bulls, since XRP has given up around half the gains it made shortly after the SEC news.
Nevertheless, I'm long-term bullish on XRP. As seen on the chart, XRP is seemingly trading in a parallel channel. The top two resistance lines are direct copies of the bottom support line.
I'm going to wait for XRP to drop towards the bottom support, and ideally bounce from it. My target for the next bull-run is placed at 7$, stop just below the channel's support. This will give us a massive risk-reward of almost 110, which is a serious money maker if it plays out well.
Keep in mind we can hit the bottom support further away in time, which moves the entry up.
🔥 XRP WHAT'S UP? TA 🔥🔥 Apologies I wasn't able to post yesterday, been sick with the flu since yesterday and still am so just keeping today's idea short before I head back to sleep.
🔥 On our 15 minute chart below we can see that we we're managing when we exited that descending channel as I'd pointed out in my last idea but XRP ended up failing to recover/regain the 200 day moving average and as a result we promptly tumbled back down, before essentially dropping once we fall back within that descending channel as the chart clearly shows, we then exited below the descending channel and that led to moer selling before recovering just above 0.60 basically.
🔥 This isn't too concering considering the market overall has been a bit time following the downgrade of the U.S credit rating from AAA to AA+ on behalf of Fitch rating which cited rising political dysfunction as a cause for the downgrades following the debt ceiling standoffs that commonly occur thanks to party disagreements, political agendas that commonly plague these standoffs.
🔥 Generally when a debt issue has a credit rating downgraded such means that a higher interest rate will be applied to compensate for the higher risk of default that could be posed. That hasn't helped the market and a lot of stocks tumbled just before Friday's close representing caution/ possible fear.
🔥 That's likely contributed to XRP's fall alongside the loss of the 200 EMA on the hourly/ 3 hour which usually leads to dramatic falls so that's not unprecedented, just the market doing it's thing. Still confident with XRP above 60 cents but if it fails to find support and form a higher high on the local just expect prices to drop to 40 or 50 cents possibly with some traders taking profit.
🔥 There is still buying going on though, I checked coinbase a few minutes ago and for the trading activity in the past 24 hours, it's consisted of 98.3% buying with 1.7% selling. A clear insight into the fact that people are still buying and believe in XRP with 0.60 even looking like a discount for some. Personally I'll buy a few more XRP here but if we fall below 0.60 I'll definitely be looking to buy some more.
🔥 The chart doesn't look that great I understand but after such a big move like XRP's basic rocket up it's simply to be expected a retracement like this. Personally I didn't hope for a retracement to this extent but such also brings out some possible buying opportunities as coinbase clearly indicates for most.
🔥 I expect 0.60 to be our final stand with XRP. If we fall below it anyone's guess to be honest but more than likely 0.45-55 depending on how or who we're to sell if we fell below. This idea has extended far enough and I just wanted to get a couple facts out there for you guys. Sorry I can't give more, just feeling unwell so gonna go back to sleep, thanks for tuning in and feel free to leave a like or follow and all the best as always.
~ Rock '
XRP a bear flipping.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
I have been posting more on my other accounts, tbh fyi.
XRP update.
Could not break
.6732
and respecting PF so looking lower for now.
.6732, bulls have to flip back.
.5507, is a must hold for me, yuge level, MO.
Waiting for an impulsive reaction at these level, not an all in limit buy for me.
XRP/BTC 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/BTC update by CRYPTO SANDERS.
CHART ANALYSIS:- Against BTC, XRP’s price has been decisively rejected to the downside by the 2,800 SAT resistance level. The cryptocurrency is currently on a steep downtrend towards the 2,200 SAT area.
In case the level holds, XRP is likely to attempt the 2,800 SAT area again in the next few weeks. Conversely, a breakout below the mentioned level would result in a deeper pullback, with the 50-day moving average being the probable short-term target.
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/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level.
The 200-day moving average trending near the $0.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase.
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